Legislation

Kansas Saves Elders About $5M from Financial Exploitation with New Legislation

Health Insurance /
Oregon Division of Financial Regulation Earns NAIC Accreditation

Kansas Insurance Commissioner Vicki Schmidt announced state efforts have prevented over $4.97 million from going to bad actors through the Protect Vulnerable Adults from Financial Exploitation Act. “Identification and prevention of financial exploitation in vulnerable populations is a priority for our Department,” said Commissioner Vicki Schmidt. “This law has given financial advisors, DCF and the […]

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More Federal Legislation Introduced to Tackle Third-Party Lit Funding

Life Insurance /
More Federal Legislation Introduced to Tackle Third-Party Lit Funding

Sen. John Kennedy has introduced a new bill aimed at reforming the courtroom practice of third-party litigation funding. Kennedy, R-La., introduced the Protecting Our Courts from Foreign Manipulation Act last week, and it was immediately supported by the insurance industry trade association the American Property Casualty Insurance Association (APCIA). “Foreign-backed litigation funding is a clear

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Bipartisan Legislation Introduced to Retroactively Restore NFIP

Life Insurance /
Bipartisan Legislation Introduced to Retroactively Restore NFIP

Two U.S. Congressmen, one a Democrat from Louisiana and the other a Republican from Mississippi, have introduced legislation to retroactively restore the National Flood Insurance Program (NFIP). Congressmen Troy A. Carter, Sr., D-La., and Mike Ezell, R-Miss. introduced H.R. 5848, the NFIP Retroactive Renewal and Reauthorization Act, a bill that would reauthorize the NFIP through

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California Commissioner Pushes for Wildfire Recovery Bill, Other Legislation

Health Insurance /
Volvo Launches Independent Agency; Arden’s Wildfire Program Backed by SiriusPoint

California Insurance Commissioner Ricardo Lara is urging Gov. Gavin Newsom to sign several wildfire and health-related bills that have passed the Legislature and are now awaiting the governor’s approval. “They reflect our collective responsibility to help individuals, communities, and businesses recover from disasters on their own terms. Signing these bills will strengthen California’s leadership in

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France and Germany Reject Trump’s Threats on EU Tech Legislation

Auto Insurance /
France and Germany Reject Trump’s Threats on EU Tech Legislation

France and Germany on Friday defended Europe’s right to adopt its own legislation on technology after U.S. President Donald Trump criticized European rules on digital services, saying any U.S. coercion would be met with retaliation. Trump on Monday threatened to slap additional tariffs on all countries with digital taxes, legislation or regulations, saying they were

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