Legislation

Will HB 947 Undo Florida's Progress in Lawsuit Abuse Reforms?
Regulatory & Compliance Will HB 947 Undo Florida's Progress in Lawsuit Abuse Reforms?

In recent years, Florida has made significant strides in its lawsuit abuse reform efforts, aiming to curb excessive litigation, stabilize insurance markets, and reduce costs for its residents. Spearheaded by the Florida Legislature and Governor Ron DeSantis, these reforms have been instrumental in

Alberta Introduces Bill 47 to Reform Auto Insurance and Reduce Premiums
Regulatory & Compliance Alberta Introduces Bill 47 to Reform Auto Insurance and Reduce Premiums

In an ambitious move to address the escalating problem of auto insurance costs, Alberta has introduced Bill 47, also known as the Automobile Insurance Act. This landmark legislation is an attempt to tackle the rising auto insurance premiums by focusing on the critical issue of personal injury claim

Should AI Alone Decide Insurance Claims in Florida?
Risk Management Should AI Alone Decide Insurance Claims in Florida?

As technology evolves, the use of artificial intelligence (AI) in various sectors becomes increasingly prominent, raising significant questions about its applications and potential limitations. The state of Florida is considering a proposed bill, SB 794, to prohibit the exclusive use of AI in

Why Are Key Insurance Policyholders Rushing to Find New Coverage?
Regulatory & Compliance Why Are Key Insurance Policyholders Rushing to Find New Coverage?

In the wake of the financial collapse and subsequent receivership of Key Insurance Co., policyholders are scrambling to secure alternative coverage to avoid interruptions in their automobile insurance. The Kansas Insurance Department’s intervention, following a review that indicated the company’s fi

Is AI the Future of Insurance or Just a Passing Trend?
Regulatory & Compliance Is AI the Future of Insurance or Just a Passing Trend?

Debates about the role of artificial intelligence in the insurance industry are intensifying, as both experts and observers closely monitor developments. With rapidly evolving technologies and varying perspectives, the question remains whether AI truly is the future of insurance or just another

Will The Crop Insurance For Future Farmers Act Aid New Farmers?
Regulatory & Compliance Will The Crop Insurance For Future Farmers Act Aid New Farmers?

In the ever-evolving agricultural landscape, securing financial stability for beginning farmers has become a critical concern. This has led to the introduction of bipartisan legislation, the Crop Insurance for Future Farmers Act, which aims to enhance crop insurance protections for farmers

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