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The assignment of benefits (AOB) problem: will the Florida Legislature fix it?

The Florida Legislature is planning to take another stab at ending claims abuses blamed for property insurance rate hikes.  Property insurers (homeowners and commercial property insurers alike) are battling the well-financed trial attorneys to bring an end to the manipulative self-serving generation of attorney fees from excessive lawsuits by repair contractors working under an affidavit […]

Marlene Cabride nominated Banking and Insurance Commissioner in New Jersey

Assemblywoman Marlene Cabride, who has served in the New Jersey General Assembly since 2012 (4 terms), has been nominated as the next Department of Banking and Insurance (DOBI) Commissioner.  Replacing current Commissioner Richard Badolato. Upon Senate confirmation, Caride will oversee the state Department of Banking and Insurance, which regulates the state’s banking, insurance, and real […]

Michael Conway is the interim Colorado Insurance Commissioner

Michael Conway has been appointed interim Colorado Insurance Commissioner, which became effective January 1, 2018.  As Insurance Commissioner, Conway will also head the Division of Insurance (DOI), a part of the Colorado Department of Regulatory Agencies (DORA).  Former Colorado Insurance Commissioner Marguerite Salazar, who has been serving in two roles since July 2017, when she […]

Insuring driverless cars – Insurance Innovation

The marriage of technology and insurance product innovation has taken another leap forward as applied to insuring driverless cars. Insurance professionals should stay abreast of developments and educate ourselves on the new technologies for the design and delivery of insurance products. In support of this mission to educate insurance professionals, I am compelled to share […]

Jessica Looman appointed Minnesota Insurance Commissioner

Mike Rothman has announced that he will be stepping down as Commissioner of the Minnesota Department of Commerce effective November 17, 2017. Jessica Looman has been appointed as the new Commissioner. Serving as the Deputy Commissioner of the Minnesota Department of Labor and Industry at the time of this appointment, her role with the DLI […]

Gary Anderson has been appointed Massachusetts Commissioner of Insurance

Gary Anderson has been appointed the Massachusetts Commissioner of Insurance.  He has served as the acting Commissioner of the Division of Insurance since February 24, 2017, and previously served in this role from January 2015 to April 2015.  The Division of Insurance is responsible for regulation of the insurance industry and protection of consumers. Gary […]

Scott White is new Virginia Insurance Commissioner

The Virginia State Corporation Commission has appointed Scott White Commissioner of the Virginia Bureau of Insurance effective January 1, 2018.  He succeeds the retiring Jacqueline Cunningham.  The bureau licenses, regulates, investigates and examines insurance companies, agencies and agents on behalf of the citizens of the Commonwealth of Virginia with a staff of about 195 state […]

Jessica Altman appointed as Acting Insurance Commissioner by Pennsylvania Governor Wolf

Pennsylvania Governor Wolf Appoints Altman as Acting Insurance Commissioner Pennsylvania Governor Tom Wolf has announced that Insurance Commissioner Teresa Miller has been appointed as the new Acting Secretary of Health and Human Services, and Jessica Altman has been appointed the Acting Insurance Commissioner. Jessica Altman has been Commissioner Miller’s Chief of Staff since June 2015. […]

Ohio allows combo Auto Insurance Cancel Notice & Bill

Ohio’s House Bill 49, has been enacted with an effective date of September 29, 2017, and includes provisions that allow insurance companies to send notices of cancellation for nonpayment of premium with a billing notice. This bill adds to ORC Section 3937.25 and Section 3937.32: “An insurer may include a notice of cancellation of a […]

Mopeds covered by Uninsured & Underinsured Insurance in South Carolina

South Carolina Auto Insurance must cover moped use under the uninsured motorist and underinsured motorist coverage. On June 21, 2017, South Carolina Director of Insurance Ray Farmer issued Bulletin Number 2017-03.  Mopeds are now included in the definition of a motor vehicle for the purposes of uninsured and underinsured motor vehicle insurance coverages (only) pursuant […]