insurance legislation News

I’m From the Government and I’m Here to Help – Part 4

This is the conclusion of my series of posts about the different bills that states have put forward to force insurance companies to provide business income coverage for losses related to COVID-19. Insurers look for other areas to write business, …

I’m From the Government and I’m Here to Help – Part 3

This is third in a series of posts where I plan to respond to the bills that several states have filed to force insurance companies to pay business income claims related to COVID-19. Not reimbursing insurers means higher rates for …

I’m From the Government and I’m Here to Help – Part 2

This is the second in a series of posts where I am responding to certain pending legislation geared toward forcing insurance companies to pay for claims for losses related to virus and pandemic. Assessing insurers means assessing insureds Each of …

I’m From the Government and I’m Here to Help – Part 1

This is the first in a series where I intend to respond to pending legislation intended to force insurance companies to make loss related to virus or pandemic a covered cause of loss. There is a great temptation in the …

Rhode Island Governor Signs More Than 100 Bills, Vetoes Three

Rhode Island Governor Gina Raimondo cleared her desk of all pending legislation, signing more than 100 bills while vetoing three others. The Providence Journal reports that the Democratic governor vetoed bills that would have made it a felony to socially …

Governor Vetoes Bills That Would Change Louisiana Insurance Laws

Gov. John Bel Edwards has vetoed three bills that would have changed Louisiana’s insurance laws, including two sought by the state’s insurance commissioner. The Republican-sponsored measures are the first bills struck by the Democratic governor from this year’s regular session. …

New North Dakota Laws Address Producer Conduct, Customer Gifts, More

North Dakota Insurance Commissioner Jon Godfread has said that since taking office at the beginning of this year he has focused on ensuring the agency he runs is available and responsive to insurance consumers, producers and companies alike. As part …

2015 Tennessee Insurance Legislation Wrap-Up

Below is a summary of Tennessee legislation that pertains to insurance enacted in 2015. Uninsured Motorist, “James Lee Atwood Jr. Law” The James Lee Atwood Jr. Law, named for a driver who was killed by an uninsured motorist in the …

Insurance Pros in Politics: Cooley Masters Quake Insurance

When it comes to mixing insurance and politics, the two might as well be one in the same for California Assemblyman Ken Cooley. Cooley, D-Rancho Cordova, started his career in the 1970s working on earthquake issues with a unit of …

Groups Warn N.Y. Assembly’s Insurance Reform Bills Have Potential to Backfire

Industry groups are warning that the New York State Assembly’s recent approval of the post-Sandy insurance reform package has the potential to backfire and are urging the state Senate not to take up this legislation. The reform package includes a …