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Utah: Bad Faith Bill on Governor’s Desk
SB 62, UM/UIM, bad faith, passed out of the House on a 65-9-14 vote and out of the Senate on a 25-1-3 vote last Thursday and is now on the governor’s desk for his signature. The bill becomes effective on the date the governor signs it. However, it applies only to accidents that occur after that date, not to claims already pending. This was a significant victory for insurers and was a point of contention of the plaintiffs’ bar, which was fighting right up to the end. (Posted: 3/16/2010)
South Carolina: Civil Justice Act Passes House
The South Carolina House last week passed H 3489, the South Carolina Fairness in Civil Justice Act. (Posted: 3/16/2010)
NAMIC’s state trade association advocacy partner, the Iowa Insurance Institute, reports that the Iowa House passed SF 2075, which adds what is often called the “extraordinary life circumstances” provision to the state statute that regulates the use of credit-based insurance scoring. The House did not amend the bill, which means it should soon be on its way to the governor’s desk. (Posted: 3/16/2010)
Florida: Property Package Passes After Tough Two Weeks
The Florida Senate Banking and Insurance Committee approved a committee substitute for S 2044, a major property insurance package authored by Chairman Sen. Garrett Richter, after two committee meetings filled with debate and discussion on various provisions in the bill. (Posted: 3/16/2010)
New York: Insurance Department Invites Comment on Burdensome, Costly Regulations
The New York Insurance Department has issued an invitation for comment from regulated entities and interested parties “to identify existing regulations that impose unnecessary, burdensome or excessive costs, paperwork, reporting or other requirements.” (Posted: 3/16/2010)
New Jersey: Senate Panel Takes Up Considine Nomination for Commissioner
The Senate Judiciary Committee last week took up but did not vote on the nomination of Tom Considine for commissioner of the Department of Banking and Insurance. (Posted: 3/16/2010)
Louisiana: DOI Releases Legislative Package
The Louisiana Department of Insurance previewed its 2010 legislative package March 2 in Baton Rouge for industry representatives. NAMIC Southeast state affairs manager Liz Reynolds attended the meeting. (Posted: 3/16/2010)
NAMIC’s national insurer state advocacy partner, the Personal Insurance Federation of California, submitted written comments late last month to the California Department of Insurance expressing concerns with the proposed changes to homeowners’ insurance estimated replacement value regulations. (Posted: 3/9/2010)
The California Department of Insurance sent an invitation Feb. 12 for public comment on its Oct. 16 proposed regulation that would impose new civil penalties on insurers who unintentionally or accidentally fail to fully comply with any portion of a data request relating to their Community Service Statement. (Posted: 3/9/2010)
Mississippi: Policyholder Bill of Rights Dead; Wind Mitigation Bill to Governor
H 563, “Mississippi Policyholder Bill of Rights,” is now dead. Senate Insurance Chair Buck Clarke declined to hear the legislation before a March 2 deadline for committees to report bills originating in the other body. (Posted: 3/9/2010)
Florida: Session Begins for Real (3/9/2010)
National Conference of Insurance Legislators Spring Meeting Recap (3/9/2010)
Massachusetts: NAMIC Urges Caution Regarding Coastal Property Bills (3/9/2010)
Alabama: NAMIC Comments on Proposed Tax Rule (3/9/2010)
The 2010 Elections: Can Republicans Take Control of Congress? (3/4/2010)
South Carolina: New Agent Renewal Deadline May 1 (3/2/2010)
Massachusetts: Legislative Panel to Hold Hearing on Coastal Property Insurance Bills (3/2/2010)
Alabama: Hurricane Deductible ‘Buy-Back’ Bill Carried Over (3/2/2010)
Colorado: Sunset Review of DOI Passes House Finance Committee, On to House Appropriations Committee (3/2/2010)
Utah: NAMIC Met State Senators Asking for ‘No’ Vote on One-sided, Litigation-oriented UM/UIM Bad Faith Bill (2/23/2010)
South Dakota: NAMIC-opposed Anti-Subrogation Bill Defeated in Senate (2/23/2010)
Massachusetts: Supreme Judicial Court Sides With Commissioner in Challenge to Auto Residual Market Rules (2/23/2010)
Florida: OIR Withdraws Rules Banning Insurance Scoring, NAF Accident Surcharges (2/23/2010)
Utah: NAMIC Actively Supports Climate Change Joint Resolution (2/23/2010)
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