Latest Insurance industry regulation News

New law puts NHL great Konstantinov's 24/7 care in jeopardy

May. 27, 2022 03:22 AM EDT

WEST BLOOMFIELD, Mich. (AP) — Vladimir Konstantinov has traded hockey sticks for an Uno deck. Many, in fact. The onetime Soviet and Detroit Red Wings star plays so often that he goes through a pack per week, wearing out cards with the hands that once made him one of the world's best defensemen. ...

DeSantis signs bill addressing safety after condo collapse

May. 26, 2022 18:16 PM EDT

TALLAHASSEE, Fla. (AP) — Florida will require statewide recertification of condominiums over three stories tall under new legislation Republican Gov. Ron DeSantis signed into law Thursday as a response to the Surfside building collapse that killed 98 people. The governor's...

Florida Gov. DeSantis signs property insurance legislation

May. 26, 2022 18:47 PM EDT

TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis on Thursday signed into a law sweeping property insurance legislation that creates a $2 billion reinsurance fund and rewrites rules on coverage denials and attorney fees, in a move to stabilize rising costs and insurer losses. ...

Incumbents in Georgia beat primary opponents down the ballot

May. 25, 2022 18:34 PM EDT

ATLANTA (AP) — Beyond the marquee races for governor and U.S. Senate, several statewide officials overcame challengers from within their own parties in primary elections decided Tuesday in Georgia. Georgia's incumbent attorney general and insurance commissioner both defeated fellow...

NC Medicaid expansion stakes rise with Senate leader support

May. 25, 2022 18:02 PM EDT

RALEIGH, N.C. (AP) — North Carolina government's most powerful Republican elected official threw his weight fully behind Medicaid expansion Wednesday, raising the stakes for an issue lingering in state politics for a decade that could result in hundreds of thousands of low-income adults getting...

Florida Legislature approves property insurance package

May. 25, 2022 17:09 PM EDT

TALLAHASSEE, Fla. (AP) — The Florida House of Representatives on Wednesday gave final passage to sweeping property insurance legislation that creates a $2 billion reinsurance fund and rewrites rules on coverage denials and attorney fees, as lawmakers attempt to stabilize rising rates and insurer...

Florida passes condominium safety bill in wake of Surfside

May. 25, 2022 17:08 PM EDT

TALLAHASSEE, Fla. (AP) — Florida would require statewide recertification of condominiums over three stories tall under a bill sent Wednesday to Republican Gov. Ron DeSantis by lawmakers, their legislation a response to the Surfside building collapse that killed 98 people. The House...

Florida Senate passes property insurance package

May. 24, 2022 18:58 PM EDT

TALLAHASSEE, Fla. (AP) — The Florida Senate on Tuesday approved a sweeping legislative package meant to combat rising property insurance rates and other problems in the state's turbulent insurance market, creating a $2 billion reinsurance fund and writing new rules around coverage denials and...

Judge: Surfside collapse property owners bumped up to $96M

May. 24, 2022 16:25 PM EDT

Homeowners with condos in the Florida building that collapsed and killed 98 people nearly a year ago but whose families suffered no loss of life will share at least $96 million from a court settlement, a judge said Tuesday. That is in addition to the payout of about $1 billion to be...

NC Medicaid expansion gets serious attention from Senate GOP

May. 23, 2022 17:42 PM EDT

RALEIGH, N.C. (AP) — North Carolina Senate Republicans are strongly considering legislation that would expand Medicaid coverage to hundreds of thousands of additional low-income adults. Such legislation would mark a key step in an extraordinary turnabout by GOP members in the chamber set against...