APCIA Supports Federal Bills Targeting Legal System Abuse to Reduce Insurance Costs
APCIA endorses federal bills addressing legal system abuses and third-party litigation funding to curb rising insurance costs and promote market innovation.
Illinois Proposes Legislation to Ban Cost Shifting in Insurance Rates
Illinois Senator Michael E. Hastings proposes legislation to prohibit insurance cost shifting and ensure premiums reflect local risks, enhancing fairness and transparency in insurance rates.
Colorado Allocates $100M to Counteract ACA Tax Credit Expiry Impact
Colorado enacts $100 million state funding to limit premium hikes after ACA enhanced tax credits expire, emphasizing reinsurance and federal subsidy roles.
Colorado Adjusts 2026 Individual Market Rates Amid New State Funding and Federal Subsidy Uncertainty
Colorado mandates insurers to revise 2026 individual market rates factoring in new state funding amid federal subsidy expiration risks, moderating premium hikes.
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.