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Category: Regulatory / Legal

Regulatory / Legal


Regulatory / Legal

Texas Cotton Farmers Seek Improvements to Crop Insurance

May 25, 2023

Via: Insurance Journal

On the eve of another drought-ridden growing season, farmers from the High Plains are asking state and national lawmakers to provide a stronger financial safety net. In Austin and Washington, D.C., farmers from the 41-county High Plains region, which includes […]


Regulatory / Legal

Insurers Latest Target of U.S. AGs ESG Antitrust Concerns

May 22, 2023

Via: Insurance Journal

Insurers and reinsurers who are members of the Net-Zero Insurance Alliance (NZIA), received a letter from 23 attorneys general raising potential legal concerns that might arise from their commitment to collaborate with other insurers to advance an “activist climate agenda.” […]


Regulatory / Legal

Leasing company pursues $80 million claim for aircraft lost in Russia

May 18, 2023

Via: Insurance Business

An aircraft leasing company is pursuing an $80 million claim for commercial airplanes lost in Russia following the invasion of Ukraine, despite the claimant never having seen the relevant policy documents. Shearwater Aircraft Leasing made the claim, which relates to […]


Regulatory / Legal

How the Unfair Trade Practices Act Could Impact Your Insurance Business

May 17, 2023

Via: Insurance Journal

If an insurer or licensed insurance agent uses unfair or deceptive business practices to sell to their clients not only is it unethical but it’s also against the law. When individuals or insurance businesses profit unfairly off of their clients, […]


Regulatory / Legal

Fla. Appeals Court Upholds Lawyer’s $104,000 Fine for Sabotaging Med Mal Trial

May 17, 2023

Via: Insurance Journal

An attorney with one of Florida’s largest insurance defense firms must pay more than $100,000 in sanctions after deliberately trying to sabotage a medical malpractice suit in order to win a mistrial, a Florida appeals court has decided. The 6th […]


Regulatory / Legal

It’s Time to Roll up Our Sleeves and Rebuild the Florida Insurance Market

May 10, 2023

Via: Insurance Journal

With the Florida legislative changes passed in December – prohibiting assignments of benefits and one-way attorney fees – there is now an opportunity to change the dynamic in Florida and create a more stable market. Historically, the main tools to […]


Regulatory / Legal

Accountant Charged With $10 Million in Construction Workers’ Compensation Fraud

May 9, 2023

Via: Insurance Journal

Manhattan District Attorney Alvin Bragg, Jr. announced two indictments of a certified public accountant for defrauding the New York State Insurance Fund (NYSIF) of more than $10 million in workers’ compensation insurance premium payments. Accountant Steve Lyon Lyon was charged […]


Regulatory / Legal

California Assembly Passes Insurance Accelerator Bill for Clean-Fuel Truck Fleets

May 4, 2023

Via: Insurance Journal

The California State Assembly unanimously voted for a bill that will help accelerate the transition to clean-air technology by making sure clean fleets have access to available and affordable commercial insurance. Assembly Bill 844, the Clean Fleet Insurance Accelerator legislation […]


Regulatory / Legal

Law firm, partners fined $2 million for “massive insurance fraud scheme”

May 3, 2023

Via: Insurance Business

Louisiana Insurance Commissioner Jim Donelon has fined Texas law firm McLenny Moseley & Associates (MMA) and associated partners $2 million for hurricane-related insurance fraud involving at least 850 Louisiana homeowners and policyholders. “The illegal insurance scheme perpetrated by McClenny Moseley […]


Regulatory / Legal

Pennsylvania High Court Addresses When Stacked Coverage Waiver Is Not Needed

April 27, 2023

Via: Insurance Journal

The removal of a vehicle from a multiple motor vehicle insurance policy, in which stacked coverage had previously been waived, does not require a renewed express waiver of stacked coverage under Pennsylvania’s Motor Vehicle Financial Responsibility Law. The Pennsylvania Supreme […]


Regulatory / Legal

Texas Supreme Court Strengthens Additional Insured Coverage Rights

April 24, 2023

Via: JD Supra

In a recent decision, the Supreme Court of Texas issued helpful guidance to businesses, nonprofits, and individuals seeking coverage as an “additional insured” under policies issued by a business partner. On April 14, 2023, in ExxonMobil Corporation v. National Union […]


Regulatory / Legal

AG James Reaches $3.5 Million Settlement with Nation’s Largest Title Insurance Company

April 7, 2023

Via: JD Supra

New York AG Letitia James announced a settlement with Fidelity National Financial, Inc. to resolve allegations that the title insurance company entered into no-poach agreements in violation of state antitrust laws. In the settlement agreement, AG James alleges that Fidelity […]


Regulatory / Legal

NC Farm Bureau Can Keep $24 Million in Green Energy Tax Credits, Court Says

April 6, 2023

Via: Insurance Journal

An insurance company is entitled to generous tax credits even if the carrier did not invest directly in renewable energy projects, a North Carolina court has decided, striking down a $24 million tax assessment by the state’s Department of Revenue […]


Regulatory / Legal

Federal judge strikes major, national blow to cancer screening coverages

April 5, 2023

Via: JD Supra

A federal judge for the U.S. District Court for the Northern District of Texas vacated nationally the Patient Protection and Affordable Care Act’s (ACA’s) preventive service insurance mandate for services recommended by the U.S Preventive Services Task Force. Section 2713 […]


Regulatory / Legal

Boy Scouts Bankruptcy Plan Headed to Federal Appeals Court

April 3, 2023

Via: Insurance Journal

Attorneys for several insurance companies are appealing a federal judge’s decision to uphold the confirmation of a $2.4 billion bankruptcy reorganization plan for the Boy Scouts of America. In an emergency motion filed Friday, attorneys for non-settling insurers asked U. […]


Regulatory / Legal

Britain to Reform Accountability Rules for Senior Bankers, Insurance Executives

March 31, 2023

Via: Insurance Journal

Britain on Thursday launched a long-awaited consultation on reforming rules brought in after the global financial crisis to make top bankers accountable for their decisions, saying a globally competitive finance sector is key to economic growth. Britain broke regulatory ground […]


Regulatory / Legal

South Carolina Supreme Court Clarifies Law on Uninsured Motorists, Liquor Liability

March 30, 2023

Via: Insurance Journal

The South Carolina Supreme Court on Wednesday handed down three opinions that resolve two questions about insurance law. One decision will probably disappoint auto insurers; another will please carriers in the liquor liability line. In two separate decisions, the high […]


Regulatory / Legal

Georgia Lawmakers Flip the Script on Use-and-File for Auto Rate Increases

March 27, 2023

Via: Insurance Journal

Georgia lawmakers have approved a bill that, if signed into law, would end the longstanding “use-and-file” mechanism on auto insurance rate filings in the state. The state Senate last week voted 49-2 in favor of House Bill 221, a measure […]


Regulatory / Legal

New York Surgeon Gets 36 Months in Jail for Role in $30M Trip-and-Fall Scam

March 27, 2023

Via: Insurance Journal

A New York-licensed pain management doctor has been sentenced to 36 months in prison for his participation in a scheme to obtain fraudulent insurance reimbursements and other compensation from fraudulent trip-and-fall accidents. Damian Williams, U.S. Attorney for the Southern District […]


Regulatory / Legal

Florida Insurance Agent Who Used $5M in Premiums for Safari, Condos Gets 14 Years

March 23, 2023

Via: Insurance Journal

More than 18 months after he pleaded guilty to absconding with almost $5 million in premiums, a Florida insurance agent has been sentenced to 14 years in prison. John M. Thomas, 52, the former owner of Thomas Insurance agency in […]