Tag: Insurance Legislation

Florida Homeowners Insurance Rates Largely Rise Despite Market Reforms and New Entrants

Majority of Florida homeowners continue to face rising insurance premiums despite recent legal reforms and new market insurers. Data from state regulators shows ongoing rate pressures amid inflation and market restructuring.

Illinois Launches Campaign to Address Discriminatory Auto Insurance Pricing

Illinois Secretary of State launches 'Driving Change' campaign targeting socioeconomic biases in auto insurance rates. Legislation seeks to enhance transparency and rate review.

New Bill Proposes Tax Deduction for Flood Insurance Premiums in Florida

The Flood Insurance Relief Act aims to provide tax deductions on flood insurance premiums for middle-income homeowners in Florida, addressing low coverage rates and rising costs in flood-prone areas.

Hawaiʻi Enacts Act 296 to Stabilize Property Insurance Market

Hawaiʻi's Act 296 expands hurricane relief coverage and addresses rising property insurance premiums amid recent environmental disasters, stabilizing the state’s insurance market.

Florida Retracts $2.1 Billion from Insurer Reinsurance Support Amid Lower Claims

Florida withdraws $2.1 billion from insurer reinsurance support programs following lower-than-expected hurricane claims, reflecting changes in the state's property insurance market and reinsurance strategies.

Montana Governor Vetoes Key Healthcare and Workers' Compensation Bills

Montana Gov. Greg Gianforte vetoed several bills impacting healthcare coverage and workers' compensation, citing cost concerns and fiscal responsibility amid budget challenges.

Michigan Bill Proposes 10% Mandatory Auto Insurance Premium Cut, Faces Industry Pushback

Michigan Senate Bill 328 seeks to mandate a 10% reduction in auto insurance premiums, drawing concern from the insurance industry about potential market destabilization.

Louisiana Senate Advances Insurance Bill with Debate Over Rate Hike Authority

Louisiana Senate advances House Bill 148, sparking debate over expanding Insurance Commissioner Tim Temple's authority to reject auto insurance rate hikes amid rising premiums.

Oklahoma House Bill 2144 Poised to Reshape Health Insurance Bad Faith Litigation

Explore the implications of Oklahoma's House Bill 2144, expanding bad faith claims against health insurers and its potential impact on litigation and insurance market stability.

Texas Advances Legislation Against Forced Bundling in Home Insurance

Texas lawmakers consider Senate Bill 213 to ban forced bundling of home and auto insurance, enhancing consumer choice and transparency in the home insurance market.