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Government-Sponsored Lenders Have $205 Billion Of Uninsured Earthquake Risk

Earthquakes are among the most devastating and economically destructive natural disasters, with the 1994 Northridge earthquake still ranking as the fifth-costliest disaster in U.S. history. Yet unlike other common perils such as floods, fires and windstorms, the overwhelming majority of earthquake risk in the U.S. is completely uninsured.
September 26, 2018 Catastrophe Legislation & Regulation Property

Insurers Grappling With New York Cybersecurity Regulations; More States To Follow

Cybersecurity is back in the news as banks, insurers and other financial entities faced another tough compliance hurdle in New York.The Sept. 4 deadline brought another host of requirements contained within New York’s tough cybersecurity initiative approved last year.
September 12, 2018 Legislation & Regulation Technology New York

Lethal Inaction: As Fatal Truck Crashes Surge, U.S. Government Won’t Make An Easy Fix

Trucker Jeff Kolkman was an ace within Green Transportation’s squadron of "road pilots." The lanky, 38-year-old father of four was, according to his dispatcher, "a very safe driver who followed the rules. He always put safety first." Until one spring afternoon when he didn’t.
September 10, 2018 Excess & Surplus Lines Legislation & Regulation Liability

New Jersey Investigating NRA-Backed Firearms Insurance

New Jersey officials are investigating firearms insurance backed by the National Rifle Association, the Department of Banking and Insurance announced late Tuesday evening.
August 29, 2018 Excess & Surplus Lines Legislation & Regulation New Jersey

Insurance Industry In Driver’s Seat As Federal Regulations On Self-Driving Cars Inch Forward

Human drivers have their moments of weakness, namely driving with distractions despite knowing the risks of checking a text, scrolling through a social media feed, or taking a call when they’re behind the wheel.
August 28, 2018 Auto Legislation & Regulation

The Trump Paradox In The Insurance Industry

There’s no argument from either side of the political spectrum on at least one point: President Donald Trump has championed some polarizing legislation so far in his term.
August 23, 2018 Legislation & Regulation

Tariffs On Auto Parts Could Make Cars More Valuable To Thieves

Walk outside one morning and all you may find left of your car is smashed window glass. Insurers say that one consequence of President Trump’s proposed tariff on imported automobiles and automotive parts, in addition to increased car prices, could be an upsurge in vehicle thefts -- and hikes in auto insurance premiums.
August 21, 2018 Auto Legislation & Regulation

The Utilities’ Liability For California’s Wildfire Woes

When all the options are bad, choosing the least-bad option won’t make anybody happy. That’s what’s likely to happen with a stack of proposed legislation to deal with liability for the catastrophic wildfires that have scorched hundreds of thousands of acres across California.
August 20, 2018 Legislation & Regulation Liability California

Fire Traps

On April 8, more than 200 New York City firefighters and emergency service personnel responded to a fire at Trump Tower, a 58-story high-rise building with commercial use on the lower floors (including the headquarters of the Trump Organization) and 263 residential units on the upper floors (including the three-floor ­penthouse that is the private residence of Donald and Melania Trump).
August 10, 2018 Legislation & Regulation Property

National Flood Insurance Program Extended Through Hurricane Season

The U.S. Congress extended the National Flood Insurance program on Tuesday for another fourth months, providing coverage through the hurricane season.
August 1, 2018 Catastrophe Legislation & Regulation Property

California Drug Formulary Reduces Opioid Approvals

The utilization review approval rate for opioids for injured workers in California has declined 3.5% since the state’s prescription drug formulary took effect on Jan. 1, according to a preliminary analysis by the California Workers’ Compensation Institute.
July 24, 2018 Legislation & Regulation Workers' Compensation California

Another State Bans Hand-Held Devices While Driving

Georgia has joined fifteen other states which have outlawed the use of hand-held cellphones and mobile devices while driving. A new law signed by Governor Nathan Deal makes watching movies, shooting video, and even the mere "holding" of hand-held devices while in the vehicle—even while stopped—illegal.
July 16, 2018 Legislation & Regulation Liability Litigation Subrogation California Connecticut Georgia Hawaii Illinois

California Fire Survivors, Local Officials Decry Effort To Reform Liability Laws

Two wildfire survivors joined elected supervisors from three counties and a local government advocate Wednesday in calling on state lawmakers to withhold action this year on changes in the law governing public utility liability for fire damage to private property.
July 12, 2018 Excess & Surplus Lines Legislation & Regulation Liability California

New Program Lessens Flight Restrictions For Drone Use In Catastrophe Response

Drones are no longer just cameras in the sky. They’re autonomous, artificially intelligent flying machines with the ability to capture sharp resolution of an asset and use machine learning to process data through analytical models. But all of that potential is constantly challenged by regulation.
July 6, 2018 Catastrophe Legislation & Regulation Property Risk Management

Adjustment In FEMA Risk Ratings Could Drown Southern Florida’s Economy

With FEMA set to make changes to the NFIP, a Miami-based lawyer is warning that a sudden and sharp increase in insurance premiums could financially ruin all of South Florida even before a flood hits.
July 3, 2018 Legislation & Regulation Property Florida
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