The Southern United States has adopted a novel solution to the issue of paid family leave by fostering legislation that enables private insurers to offer such benefits. This approach, which stems from a National Council of Insurance Legislators model, has led to state-level statutes that empower
Proposed Legislation for MCCA Openness In an effort to bring about greater transparency within the Michigan Catastrophic Claims Association (MCCA), State Senators Mary Cavanagh and Rosemary Bayer have recently presented new legislative proposals that aim to hold the MCCA accountable to the public.
Introduction to the Regulatory Reform Act Senators Tim Scott and Joe Manchin have crossed the aisle to propose the Business of Insurance Regulatory Reform Act—a testament to the safeguarding of a longstanding American tradition: state-based insurance regulation. This bipartisan initiative seeks to
Underpricing Risks and Rate Hikes The Initial Pricing Conundrum In Nebraska, insurance regulators Michael Muldoon and Margaret Garrison have noted a concerning trend in Medigap insurance. New players in the market are offering premiums that are 15%-45% cheaper than established companies. Initially
In light of the escalating impacts of climate change on housing insurance, the National Association of Insurance Commissioners (NAIC) has launched an ambitious project focused on enhancing transparency and instigating reform within the home insurance industry. As affordability and access to
