Latest Insurance industry regulation News

Elevator safety mandate named for Ohio boy among new NC laws

Sep. 30, 2022 10:02 AM EDT

RALEIGH, N.C. (AP) — New safety mandates for elevators inside North Carolina beach and vacation cottages take effect on Saturday along with all or portions of another dozen or so enacted state laws. Other laws approved this year and starting in October address sexual assault kits,...

Michigan Supreme Court takes major car insurance case

Sep. 29, 2022 16:35 PM EDT

LANSING, Mich. (AP) — The Michigan Supreme Court agreed Thursday to decide whether major changes in car insurance law apply to people who were catastrophically injured before summer 2019. The case is being closely watched by insurers, health-care providers and long-term victims of...

Ian threatens Florida's already unstable insurance market

Sep. 28, 2022 21:17 PM EDT

TALLAHASSEE, Fla. (AP) — Florida's property insurance market was already in peril. Now comes Hurricane Ian. The massive storm that barreled into southwest Florida delivering catastrophic winds, rain and flooding is likely to further damage the insurance market in the state, which...

Louisiana governor to go abroad to talk insurance, energy

Sep. 27, 2022 19:39 PM EDT

BATON ROUGE (AP) — As Louisiana continues to be plagued by a spiraling insurance crisis, with insurers leaving the state and canceling homeowner policies as thousands of claims remain unpaid following a series of hurricanes, Gov. John Bel Edwards will travel to London this week to meet with a...

New California abortion laws set up clash with other states

Sep. 27, 2022 19:07 PM EDT

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed more than a dozen new abortion laws Tuesday, including some that deliberately clash with restrictions in other states — a sign of the coming conflicts that must be sorted out as lawmakers rush to set their own rules now that Roe v....

Insurers say California's inaction threatens auto policies

Sep. 26, 2022 09:34 AM EDT

SACRAMENTO, Calif. (AP) — Top U.S. insurance companies and associations say California is risking a crisis in the nation’s largest automobile insurance market by refusing to approve any rate increases for more than two years, since the start of the coronavirus pandemic. The...

Editorial Roundup: New England

Sep. 25, 2022 11:48 AM EDT

Hartford Courant. September 21, 2022. Editorial: A state trooper’s humanity toward a veteran is a lesson to all You really have to see the bodycam video. But if you don’t get that chance, take our word for it: the Connecticut State Police trooper...

California to again protect insurance policies in fire areas

Sep. 22, 2022 14:36 PM EDT

FORESTHILL, Calif. (AP) — California temporarily banned insurance companies Thursday from dropping customers in areas affected by recent wildfires, a day after evacuation orders were lifted for residents near a two-week-old blaze that’s become the largest in the state so far this year. ...

New Mexico braces for exodus from Medicaid insurance

Sep. 21, 2022 19:54 PM EDT

SANTA FE, N.M. (AP) — New Mexico is bracing for a rapid exodus of up to 100,000 people from subsidized Medicaid health care next year as the federal government phases out special pandemic-era spending and eligibility for the program, the state's top health official told lawmakers Wednesday. ...

New Mexico governor embraces US law on climate, health care

Sep. 13, 2022 09:35 AM EDT

SANTA FE, N.M. (AP) — The governor of New Mexico is using a visit to Washington to celebrate Democrats' flagship U.S. climate and health care bill and to advocate for addition federal wildfire relief. Democratic Gov. Michelle Lujan Grisham said she was traveling to Tuesday's...