Tag: Insurance Reforms

Financial, Regulatory / Legal, Risk Management

Proposed reforms could increase insurance costs for Michigan consumers – study

September 15, 2023

Via: Insurance Business

Insurance reforms under consideration in the Michigan legislature could significantly increase costs for consumers, according to a new study from the American Property Casualty Insurance Association (APCIA). Proposed changes in House Bill 4681 and Senate Bill 329 introduce 35 new […]

Regulatory / Legal

Vermont captive insurance reforms signed into law

June 6, 2022

Via: Reinsurance News

State Governor Phil Scott has signed new legislation into law that aims to modernize Vermont’s captive insurance statutes and remove inconsistencies. This year’s bill proposed several updates to Vermont’s captive insurance law, including the ability for captive insurance companies to […]

Regulatory / Legal

Florida Lawmakers May Hold Off on More Insurance Reforms, Despite Warnings

October 25, 2021

Via: Insurance Journal

Despite hearing warnings of more rate hikes and more red ink from property insurers in coming months, Florida lawmakers may little appetite for further, significant changes to the state’s insurance laws. Instead, the Legislature, which convenes Jan. 11, may wait […]