Government News

Mortgage Value Limit for Homeowners? That Sounds Like a Bad Idea

For context, I suggest that you read this Insurance Journal story that provides some details related to the bill that I want to discuss. Here’s the link: https://www.insurancejournal.com/news/southeast/2024/01/04/754264.htm. We put this Florida story in the “Politicians don’t understand insurance” file. …

Report: US Lacks Comprehensive Cybercrime Data

The United States lacks comprehensive cybercrime data and monitoring – leaving the country less prepared to combat cybercrime, according to a June report by the United States Government Accountability office. Federal agencies included in the study noted that there is …

Kentucky Whistleblower Awarded $2 Million After Retaliation Over Agency’s Child Cases

A jury has found in favor of a state social worker who filed a whistleblower lawsuit claiming he was mistreated by supervisors after reporting problems with dozens of child abuse cases. Jurors in Boone County Circuit Court awarded Tim Williams …

Anthem to Exit Obamacare Plans in Virginia as Legislative Uncertainties Continue

U.S. health insurer Anthem Inc. said on Friday [Aug. 11] it will exit Obamacare markets in Virginia and reduce its plan offerings in Washington and Scott counties and the city of Bristol next year. The move comes nearly two weeks …

Trump Delivers To-Do List for McConnell: Repeal & Replace, Infrastructure, Tax-Code

President Donald Trump laid out a path for Senate Majority Leader Mitch McConnell to get back in his good graces: replace Obamacare, overhaul the U.S. tax code and find a way to pay for big infrastructure improvements. Yet clearing Trump’s …

Viewpoint: How Trade Agreements Could Help P/C Insurers in Global Market

The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more open, interconnected global economy resulting in measurable …

XL’s New Standalone Terrorism Policy Addresses TRIPRA Gaps

XL Group’s U.S. Crisis Management business has introduced a new standalone terrorism insurance policy intended to help U.S. businesses address potential gaps in coverage provided by the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA). With TRIPRA reauthorization still in question …

Federal Safety Engineer Defended Trinity’s Highway Guardrails

U.S. highway safety officials defended a widely used guardrail system’s crash-worthiness even as they worried whether its design had been altered in a potentially deadly way, according to internal e-mails. Starting in 2012, a Federal Highway Administration engineer fielded e-mails …

Marijuana Report: Federal Government’s Role

Editor’s Note: This is the fourth in a series of articles on the the marijuana insurance industry to appear on InsuranceJournal.com. Upcoming stories will include regional reports on how medical marijuana is impacting insurance in states across the nation. Previous …

Montana’s Sen. Tester Awarded Big ‘I’s’ Legislator of the Year 2013

U.S. Sen. Jon Tester (D-Mont.) has been named the Gerald Solomon-IIABA Legislator of the Year for 2013 by the Independent Insurance Agents & Brokers of America (the Big “I”). The award was presented Tuesday during the annual Leadership Luncheon, just …