INSURASALES

Tag: insurance regulation

Attorney Urges DOJ to Address Systemic Insurance Claim Practices in Collision Industry

Connecticut attorney requests DOJ meeting to address systemic consumer harm and anti-competitive practices by major insurers in auto body and post-disaster claims.

Illinois Governor Challenges State Farm Homeowners Insurance Rate Hikes

Illinois Governor JB Pritzker challenges State Farm's homeowners insurance rate hikes, citing inconsistent catastrophe loss data and calls for regulatory and legislative actions to protect consumers.

Hawaiʻi Homeowners Face Nonrenewals Amid Rising Insurance Costs and Stricter Underwriting

Hawaiʻi's homeowners face increased insurance nonrenewals and rising premiums due to stricter underwriting on roof age, electrical systems, and proximity to the ocean, highlighting market instability and risk management challenges.

North Carolina Auto Insurance Law Raises Minimum Coverage, Extends Penalty Periods

North Carolina updated auto insurance laws in 2025, increasing minimum liability limits, expanding underinsured motorist coverage, and extending surcharge periods, impacting premiums and underwriting.

Children’s Hospital Association Seeks ACA Rule Improvements to Protect Pediatric Coverage

The Children’s Hospital Association and partners submitted regulatory comments urging stronger ACA rules to safeguard children's health insurance coverage and prevent harmful Medicaid cuts.

New York Enforces Network Adequacy to Improve Behavioral Health Access

New York State enforces network adequacy regulations to improve timely access and transparency in mental health and substance use disorder care for insured residents.

North Carolina Auto Insurance Law Changes Increase Costs for New and High-Risk Drivers

North Carolina's new auto insurance laws raise surcharges for new drivers, increase minimum liability coverage, and allow longer premium hikes for speeding violations, affecting insurance costs and risk evaluation.

Indiana Enacts Fiduciary Duty Law to Reduce Health Insurance Costs

Indiana's new fiduciary duty law requires health insurance intermediaries to prioritize plan sponsors' interests, aiming to reduce health care costs and improve transparency in employee-sponsored insurance.

Earthquake Insurance Coverage Gaps Leave Millions in 42 States at Risk

Millions across 42 U.S. states face financial exposure to earthquake damage due to low earthquake insurance uptake. Standard policies often exclude quake damage, requiring specialized coverage.

North Carolina Raises Auto Insurance Minimums, Extends Risk Period for New Drivers

North Carolina's SB 319 law increases auto insurance minimum coverage limits and extends the inexperienced driver period to eight years, impacting premiums and regulatory compliance starting July 2025.