Legislation

Florida Senate Approves Bill to Enhance Consumer Insurance Protections
Regulatory & Compliance Florida Senate Approves Bill to Enhance Consumer Insurance Protections

Recent developments in Florida's insurance industry have ignited discussions about consumer protection and unethical practices in the industry. Senate Bill 1740, primarily sponsored by Sen. Blaise Ingoglia, has brought these issues to the forefront. The bill aims to introduce stricter

How Is New York Modernizing Insurance with Parametric and BI Coverage?
Regulatory & Compliance How Is New York Modernizing Insurance with Parametric and BI Coverage?

New York State has recently enacted groundbreaking amendments to its insurance laws, significantly transforming the insurance product landscape. These changes are designed to provide more adaptable and relevant solutions to contemporary risks that businesses and individuals face today. Introduction

Should Health Insurance Cover Medical Cannabis in New Mexico?
Regulatory & Compliance Should Health Insurance Cover Medical Cannabis in New Mexico?

New Mexico House Bill 527, sponsored by Rep. Cristina Parajón, a Democrat from Bernalillo, aims to mandate health insurance providers to cover medical cannabis costs. This legislation seeks to amend the state's health insurance codes to include medical cannabis under coverage offered by

Can Legislation Solve the Health Insurance Crisis for Small Businesses?
Regulatory & Compliance Can Legislation Solve the Health Insurance Crisis for Small Businesses?

Health insurance affordability has turned into a daunting challenge for small businesses across the United States, with many struggling to provide coverage for their employees as costs continue to skyrocket. This predicament has only worsened over time, as evident from a health care policy paper

Florida Lawmakers Tackle Insurance Crisis and Advocate for Reforms
Regulatory & Compliance Florida Lawmakers Tackle Insurance Crisis and Advocate for Reforms

The legislative session in Tallahassee began on March 4, with Florida's House and Senate leaders, along with Governor Ron DeSantis, outlining their priorities amid ongoing property insurance issues in the state, particularly affecting the Florida Keys. This session follows a revealing report

Washington Senate Passes Bill to Study Insurance Rate Fairness
Regulatory & Compliance Washington Senate Passes Bill to Study Insurance Rate Fairness

A significant stride towards equitable insurance rate determinations has just been taken by the Washington State Senate. On March 8, 2023, the Senate successfully passed Senate Bill 5589, with the primary objective of addressing concerns surrounding current insurance rating practices. This bill

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