insurance laws News

Maryland Insurance Administration Recovers $11.7M in Claims Settlements in 2017

The Maryland Insurance Administration (MIA) responded to 12,188 consumer complaints and inquiries in 2017, facilitating claims settlements and refunds totaling $11,766,213 for Maryland consumers, according to a press release issued by the administration. While the Insurance Administration cannot actually settle …

California Insurance Commissioner Sponsored Bills Signed into Law in 2014

During the 2014 legislative session California Gov. Jerry Brown signed nine bills sponsored by the California Department of Insurance and Insurance Commissioner Dave Jones. A bill that adds protections for small businesses has already taken effect and five other consumer …

Idaho Religious Groups Could Get Exemptions From Insurance Laws

Nonprofit religious groups that help members share medical costs are a step closer to being exempted from Idaho insurance laws. The Senate to back removing Health Care Sharing Ministries from the state’s definition of an insurance company. The bill’s sponsor, …

Judge OKs Dewey & LeBoeuf Plan to Shred Old Client Files

A judge on Friday, Jan. 25, approved a plan by bankrupt law firm Dewey & LeBoeuf to foot some of the cost of destroying old client files, a bill that could ultimately reach almost $1.4 million.In a written order in …

A Look at New Insurance Laws Taking Effect in 2013

With 2013 just around the corner, a number of states are preparing to implement new insurance-related laws. Insurance Journal highlights some of the changes that will take place around the country.

New York Enacts Law Allowing Gifts Worth Up to $25 From Producers

New York State Gov. Andrew Cuomo signed a bill this month that allows property/casualty insurers, brokers and agents to give gifts worth up to $25 to insureds or prospective clients during the insurance sales process. The new law amends the …

New, Tougher Insurance Fraud Law Now in Effect in Alabama

A number of recently enacted laws in Alabama concerning property-casualty insurance became effective on August 1. • One newly enacted law, Act 12-429 (Insurance Fraud), makes insurance fraud a felony crime. It will be treated as Class B Felony if …

The Dewey Chronicles: Rise and Fall of a Legal Titan

It was a tale of doom foretold in a pie chart. On Jan. 27, Dewey & LeBoeuf’s partners were summoned to a meeting on the 22nd floor of the law firm’s New York City headquarters to discuss the firm’s finances. …

IFRIMA Joins Call for Brazil to Rollback Insurance Law Changes

The International Federation of Risk and Insurance Management Associations (IFRIMA) has called for Brazil to reconsider two legislative resolutions, which it describes as “harmful to Brazil’s interests in having a modern insurance system, taking into consideration the international reinsurance and …