TRIA Reauthorization to be Considered on House Floor This Work Period

November 12, 2019 NAMIC and other stakeholders met with leadership in the House, Senate, and White House to discuss how to advance legislation reauthorizing the Terrorism Risk Insurance Act to the president's... Read more

NAMIC Expresses Disappointment as FEMA Delays Risk Rating 2.0

November 12, 2019 NAMIC expressed disappointment as the Federal Emergency Management Agency announced Nov. 7 that it is delaying the implementation of Risk Rating 2.0, FEMA’s plan to... Read more

NAMIC Discusses Resilience, DRRA Implementation at Florida Chamber Summit

November 12, 2019 The NAMIC Federal Affairs team was asked to discuss the association’s ongoing work to advance home and community resiliency across the nation as well as efforts to implement the... Read more

New Privacy Bill Introduced Further Complicates Congressional Action

November 12, 2019 Reps. Anna Eshoo, D-Calif., and Zoe Lofgren, D-Calif., introduced the Online Privacy Act of 2019, H.R. 4978, on Nov. 5, which would establish a new, independent Digital... Read more

Statewide Elections Hold Lessons for Federal Legislators

November 12, 2019 As the smoke clears from elections in Kentucky, Mississippi, Virginia, and locales across America, many are rushing to divine meaning for the next Election Day, less than a year away. The elections were a... Read more

NAMIC to Hold Symposium on Restatement of the Law, Liability Insurance

November 12, 2019 NAMIC and the American Property Casualty Insurance Association will host on Nov. 20 an insurance industry symposium addressing issues presented by the American Law Institute’s recently... Read more

Underwriting Restriction Legislation Will Not Be Included in House Markup

November 12, 2019 There had been strong indications that the House Financial Services Committee’s Nov. 13 markup would include a vote on legislation restricting the use of many underwriting... Read more

Florida: NAMIC-Sponsored Insurance Summit Draws a Crowd in Miami

November 7, 2019 NAMIC has been a sponsor of the Florida Chamber Insurance Summit since 2009, and even after a decade of speakers, panels, topics, and various Sunshine State locations, the event still draws a big crowd of insurance industry leaders ready to get the... Read more

South Carolina: DOI Holds Annual Legislative Conference

November 7, 2019 NAMIC attended the annual South Carolina Department of Insurance Legislative Conference on Nov. 6 in Columbia with approximately 60 insurance industry lobbyists also attending. Following a meet and greet with many SCDOI staff members... Read more

NAMIC to Hold Symposium on Restatement of the Law, Liability Insurance

November 5, 2019 NAMIC and the American Property Casualty Insurance Association will host on Nov. 20 an insurance industry symposium addressing issues presented by the American Law Institute’s recently finalized Restatement of the Law, Liability... Read more

North Carolina: Longest ‘Long’ Session Finally Adjourns

November 5, 2019 North Carolina’s legislative session in odd-numbered years is generally referred to as the long session, but the 2019 session may forever be known as the longest long session in... Read more

Virginia: NAMIC Continues Discussions With Insurance Bureau on Cybersecurity Legislation; Member Feedback Requested

November 5, 2019 An update on the current status of NAMIC’s discussions with the Virginia Bureau of Insurance regarding the bureau’s draft cybersecurity legislation follows... Read more

NAIC: Financial Condition Committee Makes Formal Request to ‘Open’ Insurance Holding Company Model Act and Regulation

November 5, 2019 The Group Capital Calculation (E) Working Group has been developing the group capital calculation since receiving its charge from its parent committee, the Financial Condition (E) Committee, in 2015, and... Read more

Coastal Lawmakers Urge Congressional Leaders to Add Rate Caps to NFIP Bill

November 4, 2019 More than 60 coastal lawmakers sent a letter Nov. 1 urging congressional leadership to ensure the National Flood Insurance Program reauthorization legislation advanced earlier... Read more

HFSC Unanimously Passes Long-Term TRIA Reauthorization

November 4, 2019 The House Financial Services Committee held a markup Oct. 28-30 that included unanimous passage of a seven-year reauthorization of the Terrorism Risk Insurance Act with no... Read more

NAMIC Releases White Paper on Regulatory Environment for Drones

November 4, 2019 NAMIC published Insurance Drone Operations 2020 Law and Regulation Oct. 31, its fourth in a series of public policy white papers. Read more

USDA Issues Interim Final Rule on Hemp

November 4, 2019 The United States Department of Agriculture issued an Interim Final Rule Oct. 31 in response to Congress legalizing hemp in the 2018 farm bill. The rule, effective Oct. 31-Nov. 1, 2021, has two primary objectives... Read more

Sections of New AV Bill Released

November 4, 2019 The bipartisan/bicameral staff working group at the House Energy and Commerce and Senate Commerce committees released drafts for the portions of a potential bill on automated vehicles relating to AV testing... Read more

DOD, DOI Ground DJI

November 4, 2019 The Department of the Interior is grounding its more than 800 drones, all of which were either made in China by DJI or have... Read more

Which Campaign Will Be Most Affected by Twitter Ban on Political Ads?

November 4, 2019 Democratic candidates, including former Vice President Joe Biden and South Bend, Ind., Mayor Pete Buttigieg, applauded Twitter’s recently announced decision for removing the possibility of candidates running false political ads... Read more

House Financial Services Committee Chair to Move Bill Reducing Auto Insurance Underwriting Freedom

November 4, 2019 Rep. Maxine Waters, D-Calif., chairwoman of the House Financial Services Committee, has indicated that legislation restricting the use of many underwriting factors introduced July 10 by... Read more

Oregon: DFR Requests Feedback on Proposed Rulemaking on Consumer Notice of Cancellation

October 31, 2019 The Division of Financial Regulation is convening a rulemaking advisory committee to address notice of cancellation requirements under ORS 742.562 and... Read more

NAMIC Releases White Paper on Regulatory Environment for Drones

October 31, 2019 Drones and related technology offer many opportunities to property/casualty insurance companies to provide better and more efficient insurance services to... Read more

Oregon: DFR Disseminates Draft Bulletin on Virtual Claim Adjustment Systems, Mobile Applications – FEEDBACK REQUESTED

October 29, 2019 The Division of Financial Regulation has disseminated a draft bulletin titled "Unfair Claim Settlement Practices Related to the Use of… Read more

House Committee to Vote on Seven-Year TRIA Reauthorization

October 28, 2019 The House Financial Services Committee will vote on four bills at an Oct. 29 markup, including one that would provide a seven-year reauthorization of the Terrorism Risk Insurance Program with no major changes to the key mechanisms of the program... Read more

NAMIC PAC: How Our Lives Impact Campaign Data

October 28, 2019 Political campaigns increasingly seem to know where potential donors and volunteers have been and what they do during the day, and the reason is they may know this information thanks to a new form of data collection known... Read more

Fed Grants Additional 45 Days for Comments on Capital Requirements for Depository Institution Holding Companies

October 28, 2019 The Board of Governors of the Federal Reserve System re-released a request for comment Oct. 24 on a notice of proposed rulemaking that would establish risk-based capital requirements for depository institution holding companies that are significantly... Read more

BuildStrong Coalition Forum on DRRA, Wildfire Mitigation Open for Registration

October 28, 2019 The NAMIC-led BuildStrong Coalition will host a forum in Sacramento, Calif., Nov. 13 in partnership with the California Chamber of Commerce. The event will focus on how to most effectively mitigate hazards relating to wildfires and the... Read more

NAMIC Supports DOT Efforts to Reduce Regulation and Allow More Electronic Documentation

October 28, 2019 In connection with the new e-odometer rules, the National Highway Traffic Safety Administration has requested comments on the... Read more

Senate Banking Committee Eyes the Value of Data

October 28, 2019 The Senate Banking Committee held a hearing Oct. 24 titled “Data Ownership: Exploring Implications for Data Privacy Rights and Data Valuation,” its fourth hearing on data security and privacy issues hosted this year. During this hearing the... Read more

FHFA, HUD, Treasury Heads Appear Before House Committee

October 28, 2019 The House Financial Services Committee gathered Oct. 22 to hear from Secretaries Steve Mnuchin of the Treasury and Ben Carson of the Department of Housing and Urban Development along with Federal Housing Finance... Read more

House T&I Talks Pre-Disaster Mitigation and DRRA Implementation

October 28, 2019 The House Transportation & Infrastructure’s subcommittee on Economic Development, Public Buildings, and Emergency Management convened for a hearing Oct. 22 titled "An Assessment... Read more

Mnuchin Replies to International Insurance Questions from Spring House Hearing

October 28, 2019 Treasury Secretary Steven Mnuchin responded Oct. 22 to questions regarding Treasury's activities at the International Association of Insurance Supervisors submitted by Rep. Ted Budd, R-N.C., following an April 9 hearing before... Read more

Business of Insurance Regulatory Reform Act to be Introduced

October 28, 2019 Sens. Tim Scott, R-S.C., Joe Manchin III, D-W.Va., and Tammy Baldwin, D-Wisc., plan to introduce legislation that would amend the Consumer Financial Protection Act of 2010 by clarifying the limits of the Consumer Financial Protection Bureau’s... Read more

Maryland: Senate President Relinquishes Gavel, Ferguson Tapped to Replace

October 24, 2019 On Thursday, October 24 Maryland Senate President Mike Miller announced he would be stepping down from his position. Miller is the longest-serving Senate president in Maryland history and is thought to be one of the longest-tenured... Read more

Virginia: Bureau of Insurance Circulates Final Cybersecurity Law Draft, Requests Industry Position

October 24, 2019 The Virginia Bureau of Insurance has issued its final cybersecurity law proposal to the industry. NAMIC has been working with the bureau to improve earlier drafts of the legislation that significantly strayed... Read more

Nevada: DOI Disseminates Draft Proposed Regulation on Product Innovation

October 24, 2019 The director of the Department of Business and Industry, Division of Insurance has disseminated a preliminary draft regulation relating to "Regulatory Experimentation Program for Product Innovation." The proposed regulation allows... Read more

Washington: NAMIC, Trades Submit Comments to OIC on Criminal Investigations Unit Legislation

October 24, 2019 NAMIC, in conjunction with the other trades, has submitted written comments to the Office of the Insurance Commissioner on its criminal investigations unit for 2020. The OIC has proposed establishing a new insurance fraud surcharge and... Read more

Senate Panel to Hold Fourth Hearing on Data Privacy

October 21, 2019 The Senate Banking Committee will hold a hearing Oct 24 titled “Data Ownership: Exploring Implications for Data Privacy Rights and Data Valuation.” Testifying before the committee will be... Read more

Fed Selects Members for Insurance Policy Advisory Committee

October 21, 2019 The Board of Governors of the Federal Reserve System announced on Oct. 16 the inaugural members of its Insurance Policy Advisory Committee, known as IPAC. The 21 members will serve terms ranging from one to three years and includes... Read more

Staff Look to Divide, Conquer on AV Legislation Development

October 21, 2019 Bipartisan committee staffers of the House Energy and Commerce and Senate Commerce committees who have been working to create consensus on an automated-vehicle-related bill have reportedly split the planned legislation into sections and... Read more

House Climate Crisis Committee Hearing on Resiliency

October 21, 2019 The House Select Climate Crisis Committee held a hearing Oct. 17 titled “Solving the Climate Crisis: Cleaner, Stronger Buildings” and featuring testimony from five witnesses, including one insurance industry representative... Read more

ICYMI: 2019 FIO Annual Report Released

October 21, 2019 The U.S. Department of Treasury Federal Insurance Office published its 2019 Annual Report. The report is divided into five categories... Read more

CFPB Director Testifies Before House, Senate Committees

October 21, 2019 Kathy Kraninger, director of the Consumer Financial Protection Bureau, appeared before the House Financial Services Committee Oct. 16 and the Senate Committee on Banking, Housing, and Urban Affairs the following day to deliver her... Read more

Long-Term TRIA Reauthorization Bill Introduced Ahead of Hearing

October 21, 2019 The House Financial Services Committee subcommittees on Housing & Insurance and National Security, International Development, and Monetary Policy convened a hearing Oct. 16 titled “Protecting America: The Reauthorization of the... Read more

NAMIC Holds 2nd Annual Government Affairs Conference

October 21, 2019 NAMIC hosted its second annual Government Affairs Conference Oct. 16-17, during which NAMIC’s Federal Affairs and State Affairs committees discussed policy, strategy, and outlook for the industry over... Read more

NTSB to Examine Probable Cause of 2018 Fatal Uber Crash

October 21, 2019 The National Transportation Safety Board announced that it will hold a public board meeting on Nov. 19 to determine the probable cause of the March 2018 fatal crash involving a pedestrian and... Read more

Lee Again Proposes Local Authority for Low Flying Drones

October 21, 2019 Sen. Mike Lee, R-Utah, introduced legislation Oct. 16 to transfer authority over drones flying under 200 feet from the federal government to states, cities, and Native American tribal governments. Drone activity in airspace above 200 feet would... Read more

NAMIC Seeks to Streamline Waiver Process at FAA Drone Advisory Council

October 21, 2019 The Federal Aviation Administration’s Drone Advisory Council met Oct. 19 with NAMIC on hand to represent the property/casualty insurance industry. Read more

NAMIC Files Comments on Proposed Revisions to Disparate Impact Rule

October 21, 2019 NAMIC filed comments on a proposed rule from the Department of Housing and Urban Development that suggested more clarity and some further revisions to the proposed regulation to ensure it meets the requirements laid out in a... Read more

Long-Time NAMIC Ally New Republican Leader of Insurance Subcommittee

October 21, 2019 House Financial Services Committee ranking member Patrick McHenry, R-N.C., announced Oct. 17 that Rep. Steve Stivers, R-Ohio, a long-time ally of NAMIC, will take over as the top Republican on the Subcommittee on Housing, Community Development, and... Read more

Georgia: Interim Meetings on E-Scooters, Cost of Doing Business Underway

October 17, 2019 The Senate Study Committee on Evaluating E-scooters and Other Innovative Mobility Options for Georgians met Oct. 15. NAMIC advocacy partner, the Georgia Association of Property Casualty Insurance Companies, attended and provided a report. The meeting... Read more

California: Attorney General Schedules Public Hearings on Consumer Privacy Act Proposed Regulations

October 15, 2019 California Attorney General Xavier Becerra has disseminated proposed regulations for the California Consumer Privacy Act of 2018 that goes into effect on Jan. 1, 2020. Written comments must be submitted by Dec. 6 at 5 p.m. Interested stakeholders may... Read more

SCOTUS to Conference on Constitutionality of CFPB

October 15, 2019 The nation’s highest court is scheduled to conference this week on a petition challenging the constitutionality of the structure of the Consumer Financial Protection Bureau. What makes this unique is that the CFPB joined the Justice Department in... Read more

Despite Costly CCPA Economic Report, Washington Unlikely to Tackle Data Privacy

October 15, 2019 A new economic impact assessment prepared by California’s Department of Finance for the California Attorney General’s Office estimated that the California Consumer Privacy Act could cost companies a total of up to $55 billion in... Read more

What to Know Before Tonight’s Democratic Presidential Primary Debate

October 15, 2019 Tonight’s Democratic presidential primary debate is a big one, with 12 candidates making it the largest presidential primary debate in recorded American political history. Among all political parties, more than 450 candidates have... Read more

New Hope for U.S./China Trade Negotiations

October 15, 2019 President Trump announced Oct. 11 a “substantial phase one deal” with the Chinese government following two days of talks between high-level negotiators in Washington. The deal is said to include a commitment from China to purchase more... Read more

Is the Volcker Rule in the Home Stretch?

October 15, 2019 Desperately trying to enact § 619 of the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act within the same decade, on Oct. 8 the Federal Reserve and four other regulatory agencies announced final approval to changes to... Read more

NAMIC Supports Federal Legislative Proposal to Protect Children in Cars

October 15, 2019 NAMIC joined a number of NAMIC member companies in supporting the Hot Cars Act of 2019, which requires all new cars to be equipped with a rear detection system to alert that a child has been left unattended inside... Read more

NAMIC Urges Changes to Federal Rules on Multi-District Litigation

October 15, 2019 Along with a number of NAMIC member companies’ general counsels, NAMIC signed on to a letter to the Committee on Rules of Practice and Procedure at the Administrative Office of the United States Courts urging the committee to move forward with... Read more

More Safety Questions for Autonomous Vehicles

October 15, 2019 Consumer Reports recently tested Tesla’s Smart Summon feature and reported that the automation “drove erratically, like a drunken or distracted driver,” and “was glitchy and at times worked intermittently, without a lot of obvious benefits for... Read more

Two New Executive Orders Released

October 15, 2019 President Trump signed an executive order Oct. 9 to require agencies to seek public input before issuing regulations. Titled the “Executive Order on Promoting the Rule of Law Through Improved Agency Guidance Documents,” the order echoes the “Shining... Read more

Comments Due on HUD Proposed Disparate Impact Rule

October 15, 2019 Public comments on the rule HUD proposed in August on the implementation of the Fair Housing Act’s disparate impact standard must be submitted by Oct. 18 to be considered by HUD in... Read more

Who’s Retiring in Congress?

October 15, 2019 Election Day is little more than a year away, and retirements in Congress are racking up. Currently, 25 members of Congress – 20 representatives and five senators – are retiring after the 116th Congress and are not seeking higher office. Read more

House Panel to Examine Federal Recovery During Recent Disasters, Status of DRRA Implementation

October 15, 2019 A key House panel will examine on Oct. 22 federal recovery efforts that have been made in recent disasters during a hearing that is also expected to look into the status of the implementation of a transformational disaster mitigation law that... Read more

Startup Device Can Detect Marijuana Intoxication

October 14, 2019 A new marijuana impairment testing device, Impairment Measurement Marijuana and Driving, is the first of its kind to determine if a driver is intoxicated by marijuana by testing for impaired vision. The device uses virtual reality technology to... Read more

TRIA Reauthorization Hearing, Clean Reauthorization Draft Bill Introduced

October 14, 2019 The House Financial Services Committee’s Housing, Community Development and Insurance Subcommittee and the National Security, International Development and Monetary Policy Subcommittee will convene on Oct. 16 at 2 p.m. for a hearing titled “Protecting... Read more

Alabama: NCCI Workers’ Comp Rate Hearing Scheduled

October 10, 2019 The Alabama Department of Insurance has scheduled a public hearing for Nov. 20 to consider proposed revisions of voluntary loss costs and rating values and assigned risk rates and rating values for workers’ compensation... Read more

Washington: State Supreme Court Ruling Bars Bad Faith and CPA Claims Against Adjusters

October 8, 2019 The Washington State Supreme Court has ruled against a plaintiff’s attempt to file claims directly against an insurance company employee adjusting and settling claims, blocking an effort to expand the scope of first party common law bad faith and... Read more

Oregon: DHSOHA Amends Proposed Medicaid Recoupment Regulation

October 8, 2019 The Department of Health Services and Oregon Health Authority has amended a proposed regulation that would have required all insurers to provide claims and insurance policy information to the DHSOHA on a monthly basis for evaluation of... Read more

South Carolina: SCDOI Modifies Private Flood Draft in Response to NAMIC’s Comments

October 8, 2019 The South Carolina Department of Insurance on Oct. 2 shared a final version of its private flood insurance bill draft. The modifications to the department’s previous draft appear to be in response to an Oct. 1 comment letter from... Read more

Third Quarter Fundraising Closes

October 7, 2019 The end of September also closed the book on the third quarter of fundraising for federal committees and candidates, offering a key insight into the horse race just over a year away. In Democratic presidential primary campaign coffers... Read more

NAMIC’s Political Affairs Team Welcomes Pejic

October 7, 2019 Channing Pejic has joined NAMIC’s Political Affairs Department as manager of Political Affairs. Pejic comes to NAMIC from the National Grocers Association, where he served as the political and legislative affairs coordinator. During his time at... Read more

Petition Seeks NHTSA Tesla Recall as ‘Smart Summon’ Ok’d by California

October 7, 2019 The National Highway Traffic Safety Administration is evaluating a petition seeking a defect investigation into an alleged flaw in certain Tesla Inc. electric cars, and a claim that Tesla should have notified NHTSA of the potential defect and... Read more

DAC to Meet Oct. 17

October 7, 2019 The Federal Aviation Administration announced a meeting of the Drone Advisory Committee for Oct. 17, at the National Transportation Safety Board Boardroom and Conference Center in Washington, D.C. NAMIC is the only insurance representative on the... Read more

Treasury’s TRIA ACRSM Meets for Second Time

October 7, 2019 The Advisory Committee on Risk-Sharing Mechanisms convened Sept. 30 at the Treasury Department for its second meeting of the year. While there was not much new policy-related information, there was some discussion about evaluating the lack of... Read more

HFSC Sets TRIA Reauthorization Hearing

October 7, 2019 The House Financial Services Committee will examine reauthorization of the Terrorism Risk Insurance Act at an Oct. 16 hearing, according to a list released Oct. 3 by Rep. Maxine Waters, D-Calif., the chairwoman of... Read more

NAMIC Attends IAIS Stakeholder Meeting at Treasury

October 7, 2019 NAMIC attended an International Association of Insurance Supervisors stakeholder meeting Oct. 3 at the U.S. Department of the Treasury, sponsored by the National Association of Insurance Commissioners, the Federal Reserve, and... Read more

Federal Electronic Odometer Rule Finalized

October 7, 2019 The National Highway Traffic Safety Administration has issued new regulations for electronic processing of odometer disclosure statements that are expected to resolve many problems plaguing the current system. Existing rules for... Read more

NAMIC Sends Congress Joint Trades Letter Opposing Efforts to Expand Risk Retention Act

October 7, 2019 NAMIC along with the Independent Insurance Agents and Brokers of America sent a letter to members of the House Financial Services Committee Oct. 7 asking Congress to oppose recently introduced legislation that would undermine the state-based system of... Read more

Colorado: DOI Revises Proposed Rule to Require Reporting of Requests for Auto Policy Information

October 3, 2019 The Colorado Division of Insurance announced on Oct. 1 that it will hold a hearing on Nov. 1 on proposed rule 5-2-03, which is to govern the process for the requesting of personal and commercial automobile insurance policy information by... Read more

California: New Consumer Privacy Initiative Filed With Attorney General

October 1, 2019 A proposed consumer privacy initiative, The California Privacy Rights and Enforcement Act, has been filed with the California Attorney General’s Office for the November 2020 ballot. The initiative is now awaiting an official title and... Read more

North Carolina: Resiliency Roundtable Highlights Opportunities for Joint Efforts

October 1, 2019 In conjunction with the North Carolina Chapter of the Nature Conservancy, NAMIC hosted “Making North Carolina Resilient to Hurricanes: A Roundtable Discussion” on Sept. 26 in Raleigh. NAMIC’s focus on resiliency was on full display during... Read more

NAMIC to Oppose Efforts to Expand Risk Retention Act

September 30, 2019 Rep. Al Green, D-Texas, introduced H.R.4523 on Sept. 26 to amend the Liability Risk Retention Act of 1986 to expand the types of commercial insurance authorized for risk retention groups serving nonprofit organizations. NAMIC will be working to... Read more

NAMIC-Backed Bill Introduced to Protect U.S. Insurers from Harmful International Regulation

September 30, 2019 NAMIC-backed legislation was introduced to protect state-based insurance regulation from being undermined by harmful international regulatory standards Sept. 27 in the House of Representatives. The bipartisan International Insurance Standards Act... Read more

DAC Meeting Set for Oct. 17

September 30, 2019 The Federal Aviation Administration announced an Oct. 17 meeting of the Drone Advisory Committee at the National Transportation Safety Board Boardroom and Conference in Washington, D.C. The DAC is a broad-based, long-term federal... Read more

House Science, Space, Technology Hearing on Changing Climate

September 30, 2019 The House Committee on Science, Space, and Technology held a hearing Sept. 26 titled “Understanding, Forecasting, and Communicating Extreme Weather in a Changing Climate” which featured five... Read more

House T&I Holds Subcommittee Hearing on FAA Reauthorization Act

September 30, 2019 The House Transportation & Infrastructure’s Aviation Subcommittee held a hearing Sept. 26 titled “A Work in Progress: Implementation of the FAA Reauthorization Act of 2018.” Appearing before the subcommittee were... Read more

FACI Meeting Touches on Protection Gaps, Availability of Products, and FIO’s International Work

September 30, 2019 The Treasury Department’s Federal Advisory Committee on Insurance convened Sept. 23 for a meeting at which it was provided updates from its three subcommittees and Federal Insurance Office Director Steven Seitz. Seitz’s update touched on... Read more

House Passes SAFE Banking Bill With Added Insurance Language

September 30, 2019 The House of Representatives voted Sept. 25 to pass H.R.1595, the Secure And Fair Enforcement Banking, or SAFE Banking Act, with insurance protection language included, by a 321–103 margin. The language added to the resolution is based on... Read more

Labor Department Publishes Final Overtime Rule

September 30, 2019 The U.S. Department of Labor published a final rule in the Federal Register Sept. 27 that will make 1.3 million American workers newly eligible for overtime pay under the Fair Labor Standards Act. The department also provided a fact sheet on the new rule. Read more

NAMIC PAC Beats Convention Fundraising Goal

September 30, 2019 NAMIC PAC hosted several successful events during the association’s 124th Annual Convention to meet the 2019 annual fundraising goal of $60,000. The NAMIC PAC event schedule began Sept. 22 with a tour of the recreated distillery owned by... Read more

Staff Continuing Work to Draft Automated Vehicles Legislation

September 30, 2019 Capitol Hill staffers are meeting to draft bipartisan legislation on automated vehicles that can be introduced in the House and Senate. Details of what will be included have not been shared yet, but the legislation is expected to be modeled off the... Read more

FEMA Acting Head Expected to Take Over as Administrator

September 30, 2019 President Trump on Sept. 26 formally nominated Pete Gaynor, acting administrator of the Federal Emergency Management Agency, to fill the role of administrator. Gaynor has served as the agency’s acting administrator since March following the... Read more

NFIP Extended Through Nov. 21

September 30, 2019 The Senate voted Sept. 26 to pass a continuing resolution that will fund the federal government through Nov. 21. The same legislation had been advanced by the House earlier in the month and was signed by President Trump before Sept. 30 to avoid a... Read more

NAMIC Hosts N.C. Resilience Roundtable

September 30, 2019 NAMIC along with The Nature Conservancy hosted an invitation-only roundtable discussion with the insurance community Sept. 26 in Raleigh, North Carolina. The roundtable was moderated by Liz Reynolds, Southeast regional vice president for NAMIC... Read more

Florida: Cabinet Approves NAMIC Resiliency Resolution

September 26, 2019 The Florida Cabinet, composed of Gov. Ron DeSantis, Chief Financial Officer Jimmy Patronis, Attorney General Ashley Moody, and Agriculture Commissioner Nikki Fried, voted Sept. 24 to declare Sept. 22-28, 2019, “Resiliency Week” in the... Read more

Colorado: NAMIC Opposes Proposed Rule Requiring Reporting of Requests by Claimants for Auto Policy Information

September 26, 2019 NAMIC submitted comments Sept. 25 to the Colorado Division of Insurance opposing Proposed Regulation 5-2-03, “Concerning Requests for Commercial or Personal Automobile Policy Information from a Complainant or Complainant’s Attorney.” The proposal is... Read more

New Hampshire: Legislature Sustains Governor’s Veto OEM Procedure Legislation

September 24, 2019 The New Hampshire House on Sept. 18 sustained the veto of HB 664 by a vote of 241-132, which was eight votes short of the two-thirds requirement to override a veto. HB 664 would have required the use of OEM procedures in auto body repair claims... Read more

Oregon: NAMIC Submits Comments on Proposed Regulation on Medicaid Recoupment

September 24, 2019 NAMIC has submitted written comments to the Department of Health Services and Oregon Health Authority on its proposed regulation on Medicaid recoupment. NAMIC also contacted the Department of Financial Regulation to share its concerns with... Read more

House Votes to Extend NFIP Through Nov. 21 as Part of CR, Senate to Vote This Week

September 23, 2019 The House of Representatives voted Sept. 19 to pass a continuing resolution needed to avert a government shutdown after Sept. 30. In addition to extending federal government funding through Nov. 21, the CR also contains language that extends the author... Read more

House Committee Advances Bill to Create Resiliency Loan Fund, FEMA Acting Head Expected to Take Over as Administrator

September 23, 2019 The House Transportation and Infrastructure Committee advanced NAMIC-backed legislation on Sept. 19 that would make more resources available for communities to mitigate ahead of natural disasters. H.R. 3779, the Resilience Revolving Loan Fund Act of... Read more

Next Treasury Risk-Sharing Committee Meeting Scheduled

September 23, 2019 The U.S. Department of the Treasury’s Advisory Committee on Risk-Sharing Mechanisms will hold its second public meeting of the year on Sept. 30 and will receive updates on several aspects of the Terrorism Risk Insurance Program and terrorism-related... Read more

Senate Judiciary Examines Holocaust-Era Insurance Claims

September 23, 2019 The Senate Judiciary Committee held a hearing Sept. 17 titled “Holocaust-Era Insurance Claims,” which featured five witnesses: Baird Webel, specialist in financial economics, Congressional Research Service David Mermelstein, president, Holocaust... Read more

Senate Appropriations Committee Advances FY2020 Financial Services Spending Bill

September 23, 2019 The Senate Appropriations Committee approved its fiscal year 2020 spending bill Sept. 19, which funds Treasury, the Judiciary, the Executive Office of the President, and numerous independent agencies. The bill recommends an increase of $773 million... Read more

Senate Judiciary Subcommittee Talks Antitrust

September 23, 2019 The Senate Judiciary’s Subcommittee on Antitrust, Competition Policy, and Consumer Rights held an oversight hearing Sept. 17 on enforcement of antitrust laws. Appearing before the panel were Joseph Simons, chairman of the Federal Trade Commission, and... Read more

NAMIC-Opposed Arbitration Bill Passes House

September 20, 2019 Legislation that would effectively outlaw arbitration provisions in private contracts was passed in the House Sept. 20 in a largely party-line vote. Federal law has protected arbitration as a means of resolving disputes between... Read more

Joint Industry TRIA Letter Hits Hill as October Hearing Expected

September 20, 2019 More than 340 companies and trade groups, including NAMIC, are urging Congress to work swiftly to pass a long-term “clean” reauthorization of the Terrorism Risk Insurance Act. The groups argue that changes to various components of... Read more

House Likely to Vote on Cannabis Banking Legislation With Added Insurance Protections

September 20, 2019 Despite calls from advocacy groups to delay a vote on H.R.1595, the Secure And Fair Enforcement Banking Act, until it addresses more “holistic” concerns relating to marijuana, it now appears that the bill might be headed to... Read more

Rounds to Speak at NAMIC Convention

September 20, 2019 Sen. Mike Rounds, R-S.D., will address NAMIC members Sept. 24 at the association’s 124th Annual Convention in National Harbor, Md. In addition to a general update of the federal political and legislative landscape in Washington, D.C., Rounds will... Read more

NAMIC PAC Hosting Events for Convention Attendees

September 20, 2019 For those at NAMIC’s 124th Annual Convention, NAMIC PAC is hosting events to enjoy while helping to support candidates who share NAMIC’s views. Please stop by Advocacy Central or email Holly Pitt Young if you have... Read more

Montana Comes to Capitol Hill for CCP

September 20, 2019 Members of Congress will head home for recess beginning Sept. 30 but not before NAMIC’s Congressional Contact Program heads to the Hill one more time. Member company representatives from Montana will be in the nation’s capital Sept. 26 to meet with... Read more

DOT Announces Federal Grant Funding for AVs

September 20, 2019 Transportation Secretary Elaine L. Chao announced $60 million in federal grant funding Sept. 18 to the selected award recipients for the Automated Driving Systems Demonstration Grant Notice of Funding Opportunity. The program is meant to... Read more

Resiliency a Focus in Buttigeig Disaster Policy

September 20, 2019 Democratic presidential candidate Pete Buttigieg released a natural disaster plan Sept. 17 aimed at improving disaster resilience across the nation. With increasing threats due to severe natural disasters, policymakers are discussing innovative ways... Read more

California: NAMIC Submits Comments to CDI for Affinity Group Investigatory Hearing

September 19, 2019 The California Department of Insurance held an investigatory hearing Sept. 17 to gather evidence and ascertain facts regarding insurers’ use of occupational, educational, and other group rating practices, or so-called “affinity groups,” and how... Read more

Colorado: Draft Bulletin Circulated Applying Readability Standards to Farm Policies – Response Requested

September 19, 2019 The Colorado Division of Insurance on Sept. 17 circulated a draft revision of Bulletin B-5.35 that makes it explicit that the requirements of Sections 10-4-110.6 and 110.8 of the Colorado Revised Statutes apply to farmowner’s policies that offer... Read more

North Carolina: Resiliency Roundtable Scheduled

September 17, 2019 As part of NAMIC’s ongoing focus on resiliency in the states, the association is partnering with the North Carolina Chapter of the Nature Conservancy to host “Making North Carolina Resilient to Hurricanes: A Roundtable Discussion” on Sept. 26 in Raleigh. Read more

House Panel Examines Future of Identity Theft

September 16, 2019 The Task Force on Artificial Intelligence of the House Financial Services Committee held a hearing Sept. 12 titled “The Future of Identity in Financial Services: Threats, Challenges, and Opportunities.” The hearing was primarily focused on... Read more

Senator Hosts Closed Door Privacy Meetings

September 16, 2019 Sen. Marsha Blackburn, R-Tenn., held a second closed-door roundtable Sept. 12 focused on data portability, the concept that consumers ought to be able to transport their personal information between online services. The task force will hold a... Read more

Stakeholders Discuss Drones at Brookings Institution Panel Discussion

September 16, 2019 NAMIC attended a Sept. 10 discussion titled “New advances in transportation and service delivery,” which featured four panelists... Read more

HFSC Subcommittee Examines Climate Change Impact on Financial Services

September 16, 2019 The House Financial Services Committee’s Subcommittee on National Security, International Development, and Monetary Policy convened for a Sept. 11 hearing titled “Examining the Macroeconomic Impacts of a Changing Climate,” which included a panel of... Read more

NAMIC Invited to Speak at HFSC TRIP Roundtable

September 16, 2019 NAMIC has been invited to speak at a Sept. 26 roundtable arranged by House Financial Services Committee ranking member Patrick McHenry, R-N.C. The roundtable will provide an opportunity for minority members of the committee and their staffs to... Read more

Two Senators Snipe at HUD Proposed Rule During Banking Hearing

September 16, 2019 The Senate Committee on Banking, Housing, and Urban Affairs convened for a Sept. 10 hearing titled “Housing Finance Reform: Next Steps” that focused on regulatory impediments to building affordable housing, Government Sponsored Enterprises reform... Read more

Cannabis Banking Bill Getting Closer to a House vote

September 16, 2019 The House of Representatives leadership has been considering moving the Secure And Fair Enforcement, or SAFE Banking Act, H.R.1595, forward under a suspension of the rules, a process meant to streamline passage of legislation seen as... Read more

NAMIC Participates in Joint Trades Letter Opposing FAIR Act

September 16, 2019 NAMIC signed onto a letter opposing H.R.1423 and S.610, the Forced Arbitration Injustice Repeal Act on Sept. 9, urging members of congress to do the same. The legislation would effectively outlaw arbitration provisions in private contracts. Read more

Fed Proposes Capital Demands for Insurers That Operate Banks

September 16, 2019 The Federal Reserve proposed its new group capital requirements Sept. 6 for U.S. insurers that own depository institutions. The proposed framework would apply to eight U.S. depository institution holding companies that are also... Read more

Treasury and The Fed Release Report on Their International Activities Ahead of Senate Hearing

September 16, 2019 The Department of the Treasury and the Federal Reserve released a report on their efforts at international insurance regulatory forums Sept. 6, as required by S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. The report... Read more

Budd, Hill Author Op-Ed Warning Against Harmful International Insurance Standards

September 16, 2019 Reps. Ted Budd, R-N.C., and French Hill, R-Ark., published an Op-Ed titled, “Don’t Let Europe Regulate Our Insurance Industry” Sept. 10 in an insurance trade publication, Issues & Insights. The piece affirms the state-based insurance regulatory... Read more

Senate Committee Hears From ‘Team USA’ on IAIS Developments and Preparation

September 16, 2019 The Senate Committee on Banking, Housing, and Urban Affairs received testimony Sept. 12 from senior officials at the Federal Reserve, the Department of Treasury’s Federal Insurance Office, and the National Association of Insurance Commissioners on... Read more

FACI to Meet Sept. 23

September 16, 2019 The Federal Advisory Committee on Insurance will meet Sept. 23 from 1:30 – 4:30 p.m. at the headquarters of the Department of the Treasury. This is the third meeting of the committee in 2019. In this meeting, the committee will receive updates... Read more

North Carolina Sees Dual Wins for GOP

September 16, 2019 Two North Carolina special elections for the House of Representatives wrapped up Sept. 10, with both seats going to Republican state legislators. In the Third District race to replace the late Rep. Walter Jones, Jr., physician and... Read more

Online Bidding for NAMIC PAC Silent Auction Begins Sept. 18

September 16, 2019 NAMIC PAC invites you to take part in the silent auction this year during NAMIC’s 124th Annual Convention. The auction will offer unique experiences and items at NAMIC’s Advocacy Central during the convention, but attendees can get an early start on... Read more

NFIP Likely to Be Extended on a Short-Term Basis with Government Funding

September 16, 2019 With the expiration of the National Flood Insurance Program’s authorization set to expire at the end of the month, Congress could vote as early as this week to extend the program on a short-term basis as part of a measure to extend government funding. Read more

BuildStrong Announces Sacramento Forum on Wildfire Mitigation and Resilience

September 16, 2019 The BuildStrong Coalition has announced the second in its series of forums designed to continue the important dialogue on the Federal Emergency Management Agency’s Building Resilient Infrastructure and Communities Program. The Sacramento BRIC Forum... Read more

Tennessee: Bureau of Workers’ Comp Premium Audit Teleconference Scheduled

September 10, 2019 The Tennessee Bureau of Workers’ Compensation has scheduled its quarterly premium audit teleconference for Oct. 8 at 10 a.m. Central Time. The purpose of the quarterly calls is to work together to reduce misclassification among Tennessee... Read more

House Subcommittee Eyes Barriers to Financial Inclusion

September 9, 2019 The House Financial Services’ Subcommittee on Oversight and Investigations held a field hearing Sept. 4 titled “Examining Discrimination and Other Barriers to Consumer Credit, Homeownership, and Financial Inclusion in Texas.” Read more

Fed Proposes Capital Demands for Insurers That Operate Banks

September 9, 2019 The Federal Reserve proposed new requirements Sept. 6 for U.S. insurers to maintain capital that would protect them in a downturn. The proposed framework would apply to eight U.S. depository institution holding companies that are also... Read more

Treasury Releases Proposed Rule on Industry Aggregate Retention Calculation

September 9, 2019 The U.S. Department of the Treasury put out a notice of proposed rulemaking Sept. 6 proposing technical corrections to the calculation and notification of the annual industry aggregate retention level, which it is referring to as the insurance... Read more

Senate Committee Hears From ‘Team USA’ on IAIS Developments

September 9, 2019 The Senate Committee on Banking, Housing, and Urban Affairs will receive testimony Sept. 12 from senior officials at the Federal Reserve, the Federal Insurance Office, and the National Association of Insurance Commissioners on their role in... Read more

Join NAMIC PAC for Lunch With Congressman Blaine Luetkemeyer

September 9, 2019 NAMIC PAC will host several events during NAMIC’s 124th Annual Convention, including a NAMIC PAC VIP Luncheon with Rep. Blaine Luetkemeyer, R-Mo. Enjoy networking with industry colleagues and get the inside scoop on all things political from... Read more

House Panel to Eye Role of Privacy in Competition

September 9, 2019 The House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law will hold a hearing Sept. 12 titled “Online Platforms and Market Power, Part 3: The Role of Data and Privacy in Competition.” Appearing before the subcommittee will be... Read more

NAMIC Urges Congress to Immediately Pass NFIP Reauthorization Bill

September 9, 2019 NAMIC sent a letter to House and Senate leadership Sept. 9 urging Congress to immediately pass bipartisan legislation that would extend the National Flood Insurance Program for five years and restore long-term certainty to millions of policyholders. Read more

NAMIC Comments on Proposal to Change WYO Compensation Methodology

September 9, 2019 NAMIC filed comments with the Federal Emergency Management Agency Sept. 5 in response to FEMA’s proposal to revise the methodology used in compensating companies participating in the Write Your Own Program. FEMA issued advance notice July 8 that... Read more

Senate Committee Hears from “Team USA” on IAIS Developments

September 3, 2019 The Senate Committee on Banking, Housing, and Urban Affairs will receive testimony Sept. 12 from senior officials representing the Federal Reserve, the Federal Insurance Office, and the National Association of Insurance Commissioners on their role in... Read more

House Subcommittee to Explore Barriers to Credit, Homeownership, and Financial Inclusion

September 3, 2019 The House Financial Services Committee’s Subcommittee on Oversight and Investigations will hold a field hearing Sept. 3 in Houston, Texas titled “Examining Discrimination and Other Barriers to Consumer Credit, Homeownership, and... Read more

Tariffs, USMCA Set to Dominate Trade Agenda

September 3, 2019 The United States imposed a new 15 percent tariff on Chinese goods Sept. 1, including clothing, tools, and electronics. China retaliated with new tariffs that target soybeans, crude oil, and pharmaceuticals. The dueling tariffs are the latest... Read more

Cleveland Joins NAMIC’s D.C. Staff

September 3, 2019 Vaun Cleveland has joined NAMIC in the role of federal affairs director in the association’s Washington, D.C., office. Cleveland brings to NAMIC a history of tackling complex policy issues for government agencies at both the federal and... Read more

Short-Term NFIP Extension Appears Likely

September 3, 2019 Congress is unlikely to let the National Flood Insurance Program lapse on its scheduled expiration date of Sept. 30, NAMIC has learned, though any extension is likely to simply maintain the program as-is for a short term. Congressional leadership... Read more

FEMA Announces Application Period for 2019 Pre-Disaster Mitigation Funding

September 3, 2019 The Federal Emergency Management Agency announced the Notice of Funding Opportunity for its Pre-Disaster Mitigation Grant Program on July 26 for Fiscal Year 2019. In the announcement, FEMA said the application period runs from Sept. 30 until... Read more

Florida: Hurricane Dorian Moving Closer to U.S. Coast

August 29, 2019 As NAMIC members work diligently to prepare for Hurricane Dorian and its aftermath, NAMIC staff stands ready to assist member companies. NAMIC represents more than 1,400 companies across the U.S., with many writing businesses in the... Read more

South Carolina: Final DOI Private Flood Draft Released; Immediate Review Requested

August 29, 2019 The South Carolina Department of Insurance on Aug. 29 provided its final draft of private flood legislation to NAMIC. As discussed in the Aug. 27 State of the States item on this topic, NAMIC provided comments on a second draft Aug. 26. SCDOI has... Read more

California: NAMIC Joins Industry Coalition in Requesting Governor to Sign Uniform Electronic Transactions Act Bill

August 29, 2019 NAMIC, in conjunction with its state advocacy partners, the Personal Insurance Federation of California and Pacific Association of Domestic Insurance Companies, has signed onto a coalition letter of support requesting Gov. Gavin Newsom sign into law... Read more

Washington: NAMIC Submits Comments To OIC Opposing Proposed Adverse Action Consumer Notice Regulation

August 29, 2019 NAMIC has submitted written comments to the Office of the Insurance Commissioner raising concerns about the proposed amendments to the Adverse Action Consumer Notice Regulation. According to the OIC notice, the amended regulation is... Read more

Financial & Regulatory Brief: In the States

August 29, 2019 In 2019, 18 states have adopted the NAIC Corporate Governance Annual Disclosure Model Act, bringing the total to 44 states that have adopted this model. Since NAMIC’s last report, Alaska, Missouri, and North Carolina adopted legislation that requires... Read more

Financial & Regulatory Brief: At the NAIC

August 29, 2019 NAMIC state, federal, and policy affairs staff attended the NAIC summer meeting held Aug. 3-6 in New York City. Please view the NAMIC NAIC Review to learn about the latest developments at the NAIC. Read more

Financial & Regulatory Brief: In the World

August 29, 2019 NAMIC submitted comments in August to the International Association of Insurance Supervisors about its recently exposed framework for the assessment of systemic risk at the global level. This exposure included significant changes to... Read more

Financial & Regulatory Brief: In the Nation

August 29, 2019 The Financial Accounting Standards Board, which promulgates accounting standards for U.S. corporations, recently proposed to delay the implementation of Accounting Standard Update: Current Expected Credit Losses. The proposed delay would grant... Read more

South Carolina: NAMIC Comments on Second DOI Private Flood Draft

August 27, 2019 NAMIC continues to work with the South Carolina Department of Insurance and industry partners on developing private flood legislation for the 2020 legislation session. In response to a second draft from the SCDOI and after a... Read more

Washington: OIC Posts 2020 Proposed Legislative Priorities

August 27, 2019 The Washington state Office of the Insurance Commissioner has posted its 2020 Proposed Legislative Priorities. Of particular interest to NAMIC and the P & C Insurance Industry will be the proposed legislation on... Read more

Oregon: Proposed Rulemaking on Electronic Record Inquiry during Application for Title or Salvage Title

August 27, 2019 The Oregon Department of Motor Vehicles is proposing to amend OAR 735-020-0070, 735-024-025 and 735-024-0030 to comply with a new statute on issuing titles. The DMV is also proposing to amend OAR 735-024-0160 to enable DMV to deny issuance of... Read more

New AV Legislation In the Works

August 26, 2019 Staff at the House Committee on Energy and Commerce and Senate Committee on Commerce, Science, and Transportation are engaged in bipartisan discussions to develop new legislation on automated vehicles for this Congress. At the request of... Read more

Federal Agencies Simplify Rule That Prohibits Bank Entitles From Trading

August 26, 2019 The Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency voted Aug. 20 to approve an interagency final rule simplifying and tailoring a requirement in the Dodd-Frank Act that affects insurers that have... Read more

House Panel Holds Field Hearing on Wildfires

August 26, 2019 The House Committee on Oversight & Reform’s Subcommittee on Environment convened Aug. 20 for a hearing titled “Courage Under Fire: Examining Government Preparedness and Response to Wildfires in California,” which featured two panels of witnesses... Read more

BuildStrong Coalition Calls on FEMA to Move Forward With DRRA Implementation

August 26, 2019 The NAMIC-led BuildStrong Coalition sent a letter to the Federal Emergency Management Agency on Aug. 23 calling for progress on implementation of the Disaster Recovery Reform Act. The DRRA is a landmark disaster mitigation reform law enacted in... Read more

NAMIC to Host Planning Calls for Member Feedback on 2020 National State Legislative Agenda

August 23, 2019 As part of the process in creating NAMIC’s 2020 National State Legislative Agenda, the association’s state affairs regional vice presidents will host a series of regional conference calls to engage in a conversation with the NAMIC community. Read more

South Carolina: DOI Makes Changes to Private Flood Draft

August 22, 2019 As reported in a recent State of the States, NAMIC participated in an industry meeting with the South Carolina Department of Insurance on Aug. 19 to discuss the department’s draft legislation regarding private flood coverage. NAMIC’s state advocacy... Read more

New Hampshire: Governor Vetoes OEM Procedure Legislation

August 20, 2019 Gov. Chris Sununu vetoed HB 664, which would have required the use of original equipment manufacturer procedures in auto body repair claims and create a strict liability standard. As has been shown in other New England states that have gone down this... Read more

New Jersey: Governor Signs Legislation to Make Uncompensated Medical Expenses Under PIP Recoverable in BI Cases

August 20, 2019 Gov. Phil Murphy on Aug. 15 signed S2432 and S3963. S-2432 was introduced as an attempt to overturn a recent New Jersey Supreme Court decision in Haines v. Taft and allow for the recovery of uncompensated medical expenses incurred after the... Read more

Illinois: Governor Signs Bill Expanding Prohibitions on Distracted Driving

August 20, 2019 Gov. J.B. Pritzker on Aug. 9 signed SB 86, which prohibits drivers from using wireless devices to stream videos while operating a motor vehicle. This bipartisan legislation, sponsored by Rockford and suburban lawmakers, will go into effect on... Read more

New AV Legislation Being Discussed

August 19, 2019 Staff at the House Committee on Energy and Commerce and Senate Committee on Commerce, Science and Transportation have requested comments from NAMIC about challenging issues relating to automated vehicles and how they might be resolved in... Read more

Senate Small Business Committee Holds Field Hearing on Impacts of Hurricane Michael

August 19, 2019 The Senate Committee on Small Business & Entrepreneurship held a field hearing Aug. 14 in Panama City, Fla., titled “Weathering the Storm: Hurricane Michael’s Impact on Northwest Florida’s Small Businesses.” The hearing was livestreamed via... Read more

House Subcommittee Eyes California Wildfire Preparedness, Response

August 19, 2019 The House Oversight and Reform’s Subcommittee on Environment will convene on Aug. 20 for a field hearing titled “Courage Under Fire: Examining Government Preparedness and Response to Wildfires in California,” which consists of two witness panels... Read more

Proposed HUD Disparate Impact Rule Listed in Federal Register

August 19, 2019 The United States Department of Housing and Urban Development published its proposed rule in the Federal Register to amend the department’s interpretation of the Fair Housing Act’s disparate impact standard. Read more

North Carolina Set for Special Election

August 19, 2019 North Carolina's 9th Congressional District will hold a special election for the U.S. House of Representatives on Sept. 10 following allegations of absentee ballot fraud in the 2018 race between Republican Mark Harris and Democrat Dan McCready. Read more

FEMA Releases National Mitigation Investment Strategy, Calls for Building to Stronger Codes

August 19, 2019 The Federal Emergency Management Agency unveiled a National Mitigation Investment Strategy Aug. 13 to improve mitigation investments and better protect lives, communities, and property from natural hazards. Read more

New Proposed Disparate Impact Rule Published in Federal Register

August 18, 2019 The United States Department of Housing and Urban Development officially released a proposed rule today that would amend HUD’s interpretation of how parties can bring discrimination claims under a... Read more

South Carolina: DOI Releases Private Flood Bill Draft, Requests NAMIC Feedback

August 13, 2019 The South Carolina Department of Insurance has shared a draft of legislation regarding private flood insurance, based in part on Florida law, as indicated by Insurance Director Ray Farmer during the quarterly board meeting of the South Carolina... Read more

RBC Framework Set to Accommodate Expansion of Bond Factor Categories

August 12, 2019 The Property and Casualty Risk-Based Capital (E) Working Group had a brief discussion regarding the bond pages in the property/casualty RBC formula and adopted an updated framework to accommodate the expansion of the number of bond... Read more

Financial Stability Task Force to Examine Collateralized Loan Obligations

August 12, 2019 The Financial Stability Task Force received a report from Eric Kolchinsky, director, Structured Securities Group at the NAIC’s Security Valuation Office, about collateralized loan obligations. The report detailed the insurance industry’s exposure to... Read more

Antifraud (D) Task Force Discusses Reports From Two National Crime Groups

August 12, 2019 New Mexico’s Insurance Superintendent John Franchini on Aug. 4 chaired the Antifraud (D) Task Force. The group discussed creating an Antifraud Plan Repository as well as the possibility of a more standardized approach to combating fraud across... Read more

Comprehensive Bond Fund Project Gets Green Light From Capital Adequacy Task Force

August 12, 2019 The Capital Adequacy (E) Task Force received a referral from the Valuation of Securities (E) Task Force on a request for assignment of risk-based capital charges for investment funds that predominately hold bonds. In a discussion led by the chair of... Read more

Many Controversial Statutory Accounting Proposals Exposed for Comment

August 12, 2019 As usual, the Statutory Accounting Principles Working Group had a robust meeting agenda when it met on Aug. 3. There were only a few items adopted for statutory accounting purposes, but there were several new and ongoing issues discussed. Read more

NAIC Innovation and Technology Task Force Discusses Anti-Rebating Modernization, Cybersecurity, AI

August 12, 2019 The NAIC Innovation and Technology (EX) Task Force entertained a robust agenda on several matters including anti-rebating laws, cybersecurity, and artificial intelligence when it met in New York at the NAIC Summer Meeting. The task force, chaired by... Read more

Natural Disaster Topics Raised Through Property & Casualty (C) Committee, Its Working Groups

August 12, 2019 There was a strong focus on natural disaster issues at the NAIC meeting in New York at the Property and Casualty (C) Committee and its Working Groups. The parent (C) committee heard a lengthy presentation from United Policymakers regarding... Read more

Property & Casualty (C) Committee, Working Groups Advance Discussion on Wide Variety of Projects

August 12, 2019 As the Property & Casualty (C) Committee, chaired by Rhode Island’s Insurance Superintendent Beth Dwyer, worked through its agenda, the breadth of issues and work products before the group was evident. For example, the committee adopted a... Read more

Casualty Actuarial and Statistical Task Force Discusses Predictive Modeling White Paper Progression, Exposures

August 12, 2019 The NAIC Casualty Actuarial and Statistical (C) Task Force briefly discussed the expected third draft of the predictive model white paper it is drafting. The task force is expected to expose a third draft sometime near Sept. 1. Rich Piazza, the... Read more

Regulators Hear Update on GCC Field-Testing From NAIC Staff, NAMIC; Discuss Confidentiality Protections

August 12, 2019 When the Group Capital Calculation (E) Working Group met on Aug. 3, the working group heard an update from NAIC staff about the progress of field-testing, discussed a memo regarding confidentiality protections with sharing GCC data between states, and... Read more

Talks Continuing Between House Leaders, Administration on USMCA

August 12, 2019 Progress on the U.S.-Mexico-Canada Agreement, which is President Trump’s replacement for the North American Free Trade Agreement, has been moving forward with Democratic leaders in the House of Representatives over the past month. Read more

NAMIC PAC Hosting Potomac River Cruise at NAMIC’s 124th Annual Convention

August 12, 2019 NAMIC PAC is offering those attending the 124th Annual Convention the opportunity to enjoy the luxuries of a private yacht for a cruise along the Potomac River, as well as the best views of Washington’s skyline. Enjoy dessert and a nightcap as you... Read more

NAMIC Invited to Present at Advisory Committee on Risk-Sharing Mechanisms

August 12, 2019 The Department of Treasury's Advisory Committee on Risk-Sharing Mechanisms met Aug. 12 for a public meeting to discuss risk-sharing mechanisms, such as the Terrorism Risk Insurance Program. The ACRSM was created during the last reauthorization of... Read more

NOAA Says to Expect a Busier-Than-Normal Hurricane Season

August 12, 2019 The Climate Prediction Center of the National Oceanic and Atmospheric Administration announced the increased likelihood of an above-normal Atlantic hurricane season on Aug. 8, the start of the peak months for hurricane season. Read more

House, Senate Committees Discuss Developing New AV Legislation

August 5, 2019 The House Energy and Commerce Committee and Senate Commerce Committee staffs are engaged in bipartisan discussions to develop a new automated vehicle bill this Congress. Committee staffs have requested feedback from NAMIC on how, if at all, several... Read more

NAMIC PAC Hosting Distillery Tour, Tasting, Lunch at Convention

August 5, 2019 NAMIC PAC has many opportunities for attendees to have a little fun during NAMIC’s 124th Annual Convention while investing in NAMIC’s important efforts to support industry-friendly political candidates. The PAC will host a... Read more

Senate Committee Advances Highway Bill Containing Resiliency Funding

August 5, 2019 The Senate Committee on the Environment and Public Works voted unanimously July 30 to advance S. 2302, America’s Transportation Infrastructure Act of 2019, which authorizes $287 billion over five years, including $259 billion for programs to... Read more

Senate Banking Discusses Blockchain, Cryptocurrencies

August 5, 2019 The Senate Banking, Housing, and Urban Affairs Committee held a hearing July 30 titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain.” The three witnesses testifying were... Read more

Senate Committee Discusses USMCA

August 5, 2019 The Senate Finance Committee held a hearing July 30 titled “The United States-Mexico-Canada Agreement” that featured six witnesses... Read more

Cannabis Webinar Reiterates Multiple Challenges With Legalized Hemp, Legalizing Cannabis

August 5, 2019 NAMIC participated in a July 31 webinar hosted by the law firm Holland & Knight that focused on the federal regulatory landscape of hemp and cannabis. The presentation drew largely from the Senate Agriculture Committee’s July 25 hearing on hemp... Read more

HUD Releases Proposed Rule on Disparate Impact

August 5, 2019 The Department of Housing and Urban Development released its new proposed disparate impact rule July 29, signaling a possible end to the more than five-year legal challenge NAMIC has mounted to the original rule. HUD has promised a new proposed... Read more

NAMIC Provides Comments to Informal Draft Regulations Implementing Changes to TWIA

August 1, 2019 NAMIC provided written comments on July 31 to the informal working draft of changes to the Texas Administrative Code pertaining to the Texas Windstorm Insurance Association. Read more

SPECIAL REPORT | HUD Releases New Proposed Disparate Impact Rule

July 30, 2019 The Department of Housing and Urban Development released its new proposed disparate impact rule July 29, signaling a possible end to the more than five-year challenge NAMIC has led to the original rule. As originally written, the rule could have... Read more

North Carolina: Statute of Limitations Extension, Revivor Language Rears Its Head; DOI, Salvage Bills Pass

July 30, 2019 The North Carolina legislative session continues to drag along through the long, hot summer with no agreement on the state budget on the horizon between Republican leadership and Democratic Gov. Roy Cooper. Much of the regular work has essentially... Read more

House Passes Anti-Robocall Bill

July 29, 2019 The House passed the Stopping Bad Robocalls Act, H.R. 3375, July 24 by a vote of 429-3. This is a different bill than the TRACED Act, S. 151, that the Senate passed in May. The bills are similar, however, and rely on encouraging phone carriers to... Read more

House Committee Eyes Automobile Safety

July 29, 2019 The subcommittee on Consumer Protection and Commerce of the House Committee on Energy and Commerce held a hearing July 24 titled “Legislation to Make Cars in America Safer.” Appearing before lawmakers were Cathy Chase, president of Advocates for... Read more

ULC Approves AV Act Respecting State Authority on Insurance

July 29, 2019 At its recently concluded 128th Annual Meeting in Anchorage, Alaska, the Uniform Law Commission approved five new acts, including one regulating the operation of automated vehicles. NAMIC was an observer on the committee that drafted the... Read more

Senate Committee Eyes Blockchain and Cryptocurrencies

July 29, 2019 The Senate Committee on Banking, Housing, and Urban Affairs will convene July 30 for a hearing titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain,” and will hear from three witnesses... Read more

Senate Agriculture Committee Eyes Hemp

July 29, 2019 The Senate Committee on Agriculture held a hearing July 25 titled “Hemp Production and the 2018 Farm Bill” featuring several witnesses from key government agencies as well as hemp industry experts... Read more

House Task Force on FinTech Discusses Alternative Data in Credit Underwriting

July 29, 2019 The House Financial Services Committee’s Task Force on Financial Technology held a hearing July 25, “Examining the Use of Alternative Data in Underwriting and Credit Scoring to Expand Access to Credit” that featured five witnesses... Read more

Senate Banking Committee Holds Cannabis Hearing

July 29, 2019 The Senate Committee on Banking, Housing, and Urban Affairs held a hearing July 23 titled “Challenges for Cannabis and Banking: Outside Perspectives” during which lawmakers received testimony from Sens. Cory Gardner, R-Colo., and... Read more

House, Senate Introduce Cannabusiness Insurance Safe Harbor

July 29, 2019 Sen. Robert Menendez, D-N.J., introduced S.2201, the Clarifying Law Around Insurance of Marijuana, or CLAIM Act, July 22 alongside co-sponsors Rand Paul, R-Ky., Jeff Merkley, D-Ore., and Kevin Cramer, R-N.D. The CLAIM Act would create a safe... Read more

NAMIC Invited to Present at Advisory Committee on Risk-Sharing Mechanisms

July 29, 2019 The Department of Treasury's Advisory Committee on Risk-Sharing Mechanisms will convene Aug. 12 for a public meeting to discuss risk-sharing mechanisms, such as the Terrorism Risk Insurance Program. The ACRSM was created during the last... Read more

NAMIC Urges NHTSA to Focus on Safety for ADS

July 29, 2019 NAMIC submitted a comment letter July 29 questioning the National Highway Traffic Safety Administration’s focus on eliminating motor vehicle safety standards that have proven effective. In May, the NHTSA published a notice asking for comments on... Read more

BuildStrong Coalition Hosts Forum on DRRA Implementation With U.S. Chamber, FEMA

July 29, 2019 The NAMIC-led BuildStrong Coalition hosted the first in a series of regional disaster forums in conjunction with the U.S. Chamber of Commerce and the Federal Emergency Management Agency on July 23 to highlight the opportunities in the changed disaster... Read more

California: CDI Schedules Rulemaking hearing on SIU Proposed Regulation

July 23, 2019 The California Department of Insurance has distributed a new draft of its SIU proposed regulation, REG-2018-00023, and regulatory Statement of Reason, which pertains to insurer fraud detection, investigation, and referrals. NAMIC’s state advocacy... Read more

Oregon: Workers’ Compensation Division Schedules Stakeholders Meeting

July 23, 2019 The Oregon Department of Consumer and Business Services, Workers’ Compensation Division has agreed to host a biennial insurance industry stakeholders’ meeting to discuss issues of interest to the industry and concerns of the WCD. The first meeting is... Read more

Robocall Activity in the House and Senate

July 22, 2019 The House Energy and Commerce Committee unanimously passed the Stopping the Bad Robocalls Act, H.R. 3375. The bill is a compromise between committee Democrats and Republicans. NAMIC expects the House to pass this bill the week of July 12. Because the... Read more

Privacy Discussions at House, Senate Facebook Libra Digital Currency Hearings

July 22, 2019 The Senate Banking Committee held a hearing on July 16 titled “Examining Facebook’s Proposed Digital Currency and Data Privacy Considerations.” The sole witness at the hearing was David A. Marcus, head of Calibra, a newly formed Facebook subsidiary... Read more

Judiciary Committees Aim to Take on Privacy Legislation

July 22, 2019 The full Senate Judiciary Committee on July 18 attended a new tech task force meeting led by Sen. Marsha Blackburn, R-Tenn., that included representatives from Snap Inc., Mozilla, Salesforce, and Match Group Inc. The task force will hold a series of... Read more

FTC Workshop on Third-Party Repair Market

July 22, 2019 The Federal Trade Commission hosted a workshop July 16 titled “Nixing the Fix, A Workshop on Repair Restrictions.” The purpose of the event was to examine ways in which manufacturers limit third-party repairs of certain products and goods. Public... Read more

NAMIC PAC at Convention

July 22, 2019 The generous support of NAMIC membership made the 2018 election cycle the highest fundraising for NAMIC PAC to date by raising nearly $1.15 million, making NAMIC PAC one of the most formidable PACs in the property/casualty insurance industry and the... Read more

House E&C Subcommittee Eyes Auto Safety

July 22, 2019 The House Energy & Commerce’s Subcommittee on Consumer Protection & Commerce will be convening on July 24 for a hearing titled “Legislation to Make Cars in America Safer.” The hearing will touch on various automotive safety legislative proposals made... Read more

House T&I Subcommittee Holds Hearing on Aviation Safety

July 22, 2019 In light of the recent Boeing 737 MAX tragedies, the House Transportation & Infrastructure’s Subcommittee on Aviation on July 17 gathered for a hearing titled “State of Aviation Safety.” It included several... Read more

Representative Hosts Staff Briefing on Auto Insurance Discrimination

July 22, 2019 The office of Rep. Bonnie Watson Coleman, D-N.J., hosted a staff briefing July 12 on “Auto Insurance Discrimination,” including “how auto insurance companies set unfair prices for drivers and cause disparities in the market.” Coleman recently... Read more

NAMIC Discusses International Insurance Regulation With Fed Vice Chairman

July 22, 2019 NAMIC and several member companies on July 15 met with Federal Reserve Vice Chairman for Supervision Randy Quarles to discuss the International Association of Insurance Supervisors and its Insurance Capital Standard, Federal Reserve regulation, and... Read more

Senate Committees to Hold Cannabis Hearings

July 22, 2019 The Senate Banking Committee on July 23 is holding a hearing titled “Challenges for Cannabis and Banking: Outside Perspectives.” Sens. Cory Gardner, R-Colo., and Jeff Merkley, D-Ore., will testify before the committee and will be followed by a second... Read more

NAMIC-Backed Insurance Cannabis Legislation to be Introduced

July 22, 2019 Throughout this Congress, NAMIC has been engaging with the House through Rep. Ed Perlmutter’s, D-Colo., H.R.1595, SAFE Banking Act, which has garnered 206 co-sponsors, as well as working with members of the Senate to provide a much stronger federal... Read more

Fed Seeking Applications for Membership on Insurance Policy Advisory Committee

July 22, 2019 As part of the Economic Growth, Regulatory Relief, and Consumer Protection Act enacted into law last year, the Fed is soliciting statements of interest for membership on its Insurance Policy Advisory Committee. The IPAC will consist of no more than 21... Read more

BuildStrong Coalition to Host Resilience Forum in Conjunction With FEMA

July 22, 2019 The BuildStrong Coalition will host a forum July 23 at the U.S. Chamber of Commerce in conjunction with Federal Emergency Management Agency to inform and instruct participants on the disaster mitigation and resilience grant programs and incentives... Read more

NFIP Bill Introduced in Senate; Massive Step Back From House Compromise

July 22, 2019 Several senators from coastal areas, led by Sen. Bob Menendez, D-N.J., unveiled legislation on July 18 designed to reauthorize the National Flood Insurance Program Reauthorization Act of 2019. The bill includes provisions that were not included in the... Read more

Missouri: Governor Signs Litigation Discovery Reform

July 16, 2019 Gov. Mike Parson on July 10 signed Senate Bill 224, a NAMIC-supported bill to place reasonable limits on discovery procedures that often were abused in order to create excessive legal costs and harassment. Among the discovery topics addressed by the... Read more

Alabama: NAMIC Opposes Proposal to Provide Notice for Expiration of Statute of Limitations on ‘Unresolved’ Claims

July 16, 2019 The Alabama Department of Insurance held a public hearing on July 11 on two regulations of interest to NAMIC member companies. In a tale of two regulations, NAMIC was supportive of one proposed regulation but was opposed to a second proposal to amend... Read more

Texas: NAMIC Provides Comments to Informal Draft Rules Implementing SB 935

July 16, 2019 NAMIC provided written comments on July 15 to the informal draft rules promulgated by the Workers’ Compensation Division of the Texas Department of Insurance. These draft rules are in response to SB 935 enacted earlier this year by the Legislature. Read more

California: CDI Issues News Release to Dispel Confusion About Alleged ‘Moratorium’ on New Earthquake Insurance Policies

July 16, 2019 Commissioner Ricardo Lara of the California Department of Insurance has distributed the following news release on earthquake insurance coverage: “The recent earthquakes that pummeled neighborhoods in Ridgecrest and Trona in Southern California have led... Read more

Oregon: NAMIC, Trades Submit Comments to DFR on Exclusionary Language in Insurance Policies

July 16, 2019 NAMIC, in conjunction with the other trades, submitted written comments to the Division of Financial Regulation as a follow-up to the DFR-stakeholder meeting to discuss regulator issues surrounding exclusionary language in recent property/casualty... Read more

NAMIC Challenge to Louisiana Directive 215 Moves in Positive Direction as Stay of Implementation in Effect, Agreed to by Department

July 15, 2019 After further discussions among the parties concerning the administrative proceedings NAMIC and others have filed against the Louisiana Department of Insurance concerning the issuance of Directive 215, the department has now agreed that a stay of... Read more

Non-Driving Underwriting Factors Depicted as Discrimination at Congressional Staff Briefing

July 15, 2019 The office of Rep. Bonnie Watson Coleman, D-N.J., hosted a staff briefing on Capitol Hill July 12 on “Auto Insurance Discrimination,” including “how auto insurance companies set unfair prices for drivers and cause disparities in the market.” Coleman... Read more

FTC Will Examine Third-Party Auto Repair Market

July 15, 2019 The Federal Trade Commission is hosting a workshop July 16 titled “Nixing the Fix, A Workshop on Repair Restrictions” to examine ways in which manufacturers may limit third-party repairs and to seek research focused on such limitations. NAMIC will be... Read more

NAMIC AV Council Meets in Washington

July 15, 2019 The NAMIC Automated Vehicle Council met in Washington, D.C., July 11 for a day of meetings with key policymakers. The council met with Heidi King, deputy administrator of the National Highway Traffic Safety Administration, who was eager to discuss the... Read more

Thune Eyeing E-Signatures

July 15, 2019 Sen. John Thune, R-S.D., is working with the banking sector to update the Electronic Signatures in National Commerce Act to eliminate duplicative steps to consent for consumers and to improve consumers’ access to electronic records. A draft bill would... Read more

NAMIC Continues Its Challenge to HUD’s Disparate Impact Rule

July 15, 2019 NAMIC’s federal court challenge to the Department of Housing and Urban Development’s disparate impact rule has been stayed again, based upon the HUD commitment that a revised rule amending the original rule will be published sometime in... Read more

NAMIC Board to Meet in Washington

July 15, 2019 The NAMIC Board of Directors will convene July 15-16 at the association’s Washington, D.C., office with a full agenda, including meeting with key members of Congress and administration officials to discuss many issues relevant to the... Read more

NAMIC PAC’s Silent Auction Seeks Donations

July 15, 2019 NAMIC PAC’s silent auction will be held Sept. 21 – 24 during NAMIC’s 124th Annual Convention in National Harbor, Md. NAMIC PAC has an ambitious goal to raise $1.225 million during the 2020 election cycle to help elect insurance-friendly candidates and... Read more

House Members to Form Crop Insurance Caucus

July 15, 2019 Reps. Cheri Bustos, D-Ill., and Bennie Thompson, D-Miss., sent a letter to colleagues July 12 outlining the formation of a Crop Insurance Caucus. The caucus’ aim will be to educate lawmakers and congressional staff about crop insurance and provide... Read more

Senators Reintroduce Repeatedly Flooded Communities Act; Path Forward for NFIP Bills Unclear

July 15, 2019 A pair of senators introduced legislation July 11 to address communities that experience repetitive flood losses. Sens. Tim Scott, R-S.C., and Brian Schatz, D-Hawaii, unveiled the NAMIC-supported legislation, S. 2008, the Repeatedly Flooded... Read more

Fed Chair Powell Testifies Before House, Senate

July 15, 2019 Federal Reserve Chairman Jerome Powell appeared before the House Financial Services Committee July 10 and Senate Committee on Banking, Housing, and Urban Affairs the following day. Powell’s visit comes on the heels of the Federal Reserve’s July 5... Read more

NAMIC to Meet With Fed Vice Chairman to Discuss Insurance Issues

July 15, 2019 NAMIC will meet with Randal Quarles, Federal Reserve vice chairman for supervision, July 15 to discuss the International Association of Insurance Supervisors and its international Insurance Capital Standard, Federal Reserve regulation, and systemic risk. Read more

Watson Coleman Reintroduces Auto Insurance Discrimination Bill

July 15, 2019 Rep. Bonnie Watson Coleman, D-N.J., reintroduced H.R.3693 July 10, which would prohibit auto insurers from using education, occupation, employment status, credit scores, and other factors in underwriting decisions. This bill will join the ranks of... Read more

Treasury Holds Teleconference on IMF-World Bank’s Financial Sector Assessment Program

July 15, 2019 NAMIC participated in a July 10 call with the Treasury Department examining the International Monetary Fund’s 2020 Financial Sector Assessment Program review of the U.S., also known as “FSAP,” The FSAP is intended to be a comprehensive and in-depth... Read more

Fed Seeking Applications for Membership on Insurance Policy Advisory Committee

July 15, 2019 The Federal Reserve is soliciting statements of interest for membership on its Insurance Policy Advisory Committee as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act enacted into law last year. Read more

Louisiana: NAMIC Continues Monitoring Tropical Storm Impact to Louisiana Coast

July 11, 2019 NAMIC reached out to the leadership of the House and Senate Insurance committees by email letter on July 10 advising them that NAMIC members continue to prepare for the impact of... Read more

Missouri: Governor Signs NAMIC-Endorsed Insurer Venue, Litigation Tourism Reforms

July 11, 2019 Gov. Mike Parson signed on July 10 SB 7, a bill that closes a loophole that enabled trial lawyers to bring contract-based lawsuits against insurers in counties with no connection to the... Read more

Rhode Island: Governor Vetoes Treble Damages Bill, Signs Bill to End Some Photo Inspections

July 9, 2019 Gov. Gina Raimondo on July 8 vetoed House Bill 6102, which would have granted statutory treble damages over disagreements related to the designation of a vehicle as a... Read more

Washington: NAMIC Submits Comments on Proposed Adverse Action Consumer Notice Regulation

July 9, 2019 NAMIC has submitted written comments to the Office of the Insurance Commissioner on its proposed amendments to the Adverse Action Consumer Notice... Read more

Treasury to Hold Meeting on IMF-World Bank’s Financial Sector Assessment Program

July 8, 2019 The Department of Treasury will be hosting a briefing July 10 on the Financial Sector Assessment Program review of the U.S. being conducted by the International Monetary Fund. The FSAP, a joint IMF-World Bank program created in 1999 following the... Read more

NAMIC AV Council to Meet With Lawmakers, Administration

July 8, 2019 The NAMIC Automated Vehicle Council will be in Washington, D.C., July 11 for a day of meetings with key policymakers. The council will be meeting with Heidi King, the deputy administrator of the National... Read more

NAMIC Board to Meet at D.C. Office

July 8, 2019 NAMIC’s board of directors will be coming to Washington, D.C., July 15-16. In addition to the regular agenda, board members will meet with many key members of Congress and administration officials to... Read more

Wisconsin, Iowa CCP Takes to Capitol Hill

July 8, 2019 Members of Congress have returned from their Independence Day recess and that means NAMIC’s Congressional Contact Program returns as well, with NAMIC member company representatives from... Read more

Meet 2019 NAMIC PAC Chopped Champions

July 8, 2019 NAMIC PAC would like to congratulate the Whitford family for winning the NAMIC PAC Chopped Challenge during... Read more

FEMA Issues Notice of Proposed Rulemaking on WYO Compensation Methodology

July 8, 2019 The Federal Emergency Management Agency issued advance notice July 8 that the agency intends to propose revisions to the methodology used to compensate companies participating in... Read more

Cardin, Scott Introduce PAID Act in Senate

July 8, 2019 Sens. Tim Scott, R-S.C., and Ben Cardin, D-Md., introduced the NAMIC-supported Provide Accurate Information Directly, or PAID Act, June 27 to allow the Centers for Medicare and Medicaid Services to... Read more

Fed Chair to Testify Before House, Senate Committees

July 8, 2019 Federal Reserve Chairman Jerome Powell will appear before the House Financial Services and Senate Banking committees July 10-11 to give annual testimony on... Read more

NAIC: NAMIC Comments on Second Exposure of CASTF Predictive Modeling White Paper

July 2, 2019 NAMIC recently provided comments to the NAIC Casualty Actuarial and Statistical Task Force on its second draft exposure of a predictive modeling white paper concerning regulator review of... Read more

Mississippi: Insurance Department Cybersecurity Web Page Goes Live

July 2, 2019 The Mississippi Insurance Department’s Cybersecurity Report web page on July went live. The site provides pertinent information regarding compliance with... Read more

South Carolina: DOI Issues Guidance on New Med Mal JUA Law, Updated ‘Uninsured Motorist Fee’

July 2, 2019 The South Carolina Department of Insurance on July 1 released a memorandum relating to compliance with HB 3760, the new medical malpractice Joint Underwriting... Read more

Alabama: Regulatory Hearing Scheduled on ‘Value-Added Service or Product,’ Notice for Expiration of Statute of Limitations on ‘Unresolved’ Claims

July 2, 2019 The Alabama Department of Insurance will hold a hearing on July11 on two regulations of interest to NAMIC members. One regulation is proposed for adoption, and the second... Read more

Louisiana: NAMIC Challenge to Directive May Require More Aggressive Proceedings as LDI Withdraws Agreement on Stay

July 2, 2019 After extensive discussions with the Louisiana Department of Insurance concerning its issuance of Directive 215 in March, NAMIC, on behalf of its members, filed an administrative proceeding on... Read more

House, Senate on Robocall Collision Course

July 1, 2019 The House Energy and Commerce Subcommittee on Communications and Technology advanced the Stopping Bad Robocalls Act, H.R. 3375, to the full committee June 26 by... Read more

Treasury Releases TRIA Small-Insurer Report

July 1, 2019 The Department of Treasury released its Study of Small Insurer Competitiveness in the Terrorism Risk Insurance Marketplace June 28 as part of... Read more

NAMIC Working to Ease Drone Waiver Process

July 1, 2019 As part of its work on the federal Drone Advisory Committee, NAMIC has been working to help clarify the process by which companies can obtain permission to use drones beyond the current regulatory... Read more

NAMIC on Hand as NIST, DOT Examine Safety Measurement for AVs

July 1, 2019 NAMIC represented the property/casualty insurance industry at the Consensus Safety Measurement Methodologies for ADS-Equipped Vehicles Workshop hosted by the National Institute of Standards and... Read more

Senate Commerce Subcommittee Eyes Innovations in AV Tech, Integration With Infrastructure

July 1, 2019 The Senate Committee on Commerce, Science, and Transportation’s Subcommittee on Transportation and Safety held a hearing June 25... Read more

House Committee Task Forces Discuss Fintech Regulation, AI

July 1, 2019 The House Financial Services Committee Task Force on Financial Technology examined the future of financial-services-focused technology during a June 25 a hearing titled... Read more

House Member Working to Reintroduce Auto Insurance Discrimination Bill

July 1, 2019 Rep. Bonnie Watson Coleman, D-N.J., is currently working to find co-sponsors and to subsequently reintroduce legislation similar to the bill she introduced last Congress, the Prohibit Auto Insurance... Read more

Private Flood Rulemaking Goes Into Effect July 1

July 1, 2019 A final rule issued earlier this year by a group of agencies related to lender acceptance of private flood insurance is set to go into... Read more

BuildStrong Coalition Launches Registration Page for Forum in Washington, D.C.

July 1, 2019 The BuildStrong Coalition will host a forum July 23 at the U.S. Chamber of Commerce in conjunction with the Federal Emergency Management Agency on the disaster mitigation and resilience grant programs... Read more

Iowa: NAMIC Supports Replacing Outdated Advisory Opinion on Use of Staff Counsel by Insurers

June 28, 2019 NAMIC joined other stakeholders on June 26 at the Iowa State Bar Association’s ethics committee meeting to urge that Advisory Opinion 88-14, which suggests unnecessary restrictions on the use of... Read more

Delaware: NAMIC Testifies in Support of Legislation to Cap Form Filing Fees

June 28, 2019 The Delaware House Insurance Committee held a hearing June 26 on HB 242, which would cap form filing fees in Delaware at $2,000 per filing for... Read more

Rhode Island: Auto Body Repair, Statute of Limitations Expansion for Child Abuse Victims Legislation Sent to Governor

June 28, 2019 The Legislature is in the final hours of the 2019 legislative session, as the Senate passed the budget on... Read more

New York: Legislative Session Update – NAMIC Opposed State Legislature’s Attempts to Pass Tort Measures

June 27, 2019 NAMIC was present in the New York state Capitol to voice opposition to the Legislature’s attempts to pass a wide-ranging set of pro-trial-bar tort... Read more

New Mexico: NAMIC Provides Comments on Recent Crash Tax Ordinance

June 27, 2019 NAMIC provided written comments June 25 in response to a recent ordinance that creates a “crash tax” in Albuquerque. While this ordinance goes into effect on July 1, NAMIC hopes its comments will serve as... Read more

NAIC Credit for Reinsurance Model Revisions Finally Adopted by Executive-Plenary

June 27, 2019 The NAIC Executive-Plenary, composed of the entire body of state insurance regulators, formally adopted revisions to the NAIC Credit for Reinsurance Model Law (#785) and Regulation (#786) by... Read more

Financial & Regulatory Brief: In the States

June 26, 2019 In June, six states – Colorado, Georgia, Hawaii, Minnesota, Oklahoma, and Texas – adopted the NAIC Corporate Governance Annual Disclosure Model Act, and two other states – Alaska and... Read more

Financial & Regulatory Brief: At the NAIC

June 26, 2019 The Property and Casualty Risk-Based Capital Working Group has proposed a new framework that would modify the bond pages in the property/casualty RBC formula and expand the number... Read more

Financial & Regulatory Brief: In the Nation

June 26, 2019 The Treasury Department and the Internal Revenue Service on June 13 unveiled the much-anticipated final regulations related to the modification of discounting rules for insurance... Read more

North Carolina: End of Session Near; DOI Schedules Free Flood Insurance Classes for Public, Agents

June 25, 2019 While the 2019 North Carolina General Assembly is likely to adjourn by mid-July, it’s entirely possible legislators could wrap up just before the July 4 holiday, with plans to continue work only on the state... Read more

NAMIC PAC Surveys the Political Landscape

June 24, 2019 As the debates for the 2020 presidential race get underway, NAMIC’s political affairs team continues to monitor the ongoing political climate to provide NAMIC members with updates on the... Read more

Senate Panel Weighs Drone Jurisdiction, Safety Concerns

June 24, 2019 Members of the Senate Commerce Committee’s Subcommittee on Security considered the balance of jurisdiction and safety when it comes to unmanned aircraft systems during a June 18 hearing titled... Read more

NAMIC CCP to Host Kentucky Delegation

June 24, 2019 NAMIC’s Congressional Contact Program continues as NAMIC member company representatives from Kentucky will be in the nation’s capital... Read more

House Compromise to Move Anti-Robo Call Legislation

June 24, 2019 The House Energy and Commerce Committee unveiled a new bipartisan bill June 20 to combat robocalls and scheduled a markup for the bill on... Read more

AVs, Auto Safety Take Center Stage at FAST Act Hearing

June 24, 2019 The Senate Commerce Committee held a hearing June 19 titled “FAST ACT Reauthorization: Transportation and... Read more

House Small Business Committee Joins the Cannabis Discussion

June 24, 2019 The House Committee on Small Business convened a hearing June 19 titled “Unlocked Potential? Small Businesses in the... Read more

FACI Holds Second Meeting of Year

June 24, 2019 The Federal Advisory Committee on Insurance convened June 18 by phone to discuss the priorities of its subcommittees for the remainder of the year, including three new subcommittees on the availability of... Read more

Senate Banking Committee Eyes TRIA Reauthorization

June 24, 2019 The Senate Committee on Banking, Housing, and Urban Affairs conducted a hearing June 18 titled “The Reauthorization of the Terrorism Risk Insurance... Read more

After Committee Advances NFIP Bill, Legislation Awaits Action on House Floor

June 24, 2019 Democrats and Republicans on the House Financial Services Committee voted unanimously June 12 to pass legislation that would reauthorize the National Flood Insurance Program for five years and... Read more

Washington: OIC Disseminate Draft of Proposed Amendments to Adverse Action Consumer Notice Regulation

June 20, 2019 The Office of the Insurance Commissioner has disseminated a notice and proposed amendments to the Adverse Action Consumer Notice Regulation. Written comments are due by... Read more

California: Disaster Mitigation Fund Legislation Amended to Include Annual Policy Assessment

June 20, 2019 SB 292, Prepared California Disaster Mitigation Fund, introduced by Sen. Susan Rubio, has been amended by the bill sponsor in the Assembly and re-assigned to the Assembly Insurance Committee for... Read more

Missouri: Department to Conduct Hearing on Proposed Market Conduct, Solvency, Other Regulations

June 19, 2019 The Missouri Department of Insurance, Financial Institutions and Professional Registration will conduct a hearing on July 18 in Jefferson City on several proposed amendments to the state’s insurance and... Read more

Kansas: Supreme Court Strikes Down Non-Economic Damages Caps

June 18, 2019 The Kansas Supreme Court on June 14 struck down the 30-year-old statute that limited awards for non-economic damages in actions for personal... Read more

NAMIC Unveils White Paper on Environmental, Social, Governance Considerations

June 17, 2019 Amid a growing interest in integrating environmental, social, and governance factors into the insurance investment process, NAMIC has released a new... Read more

Treasury Releases Final Loss Reserve Discounting Regulations

June 17, 2019 The Department of Treasury and the Internal Revenue Service unveiled the final regulations June 13 related to the Modification of Discounting Rules for Insurance Companies... Read more

House T&I Subcommittee Discusses Future of Trucking in U.S.

June 17, 2019 The House Transportation and Infrastructure Subcommittee on Highways and Transit convened for a hearing June 12 titled “Under Pressure: The State of Trucking in America” and featured a mélange of... Read more

Uber Elevate Holds Summit, Talks Urban Air Mobility

June 17, 2019 Silicon Valley execs and engineers from Uber descended on the capital for a two-day summit June 11-12 on Uber Elevate’s Urban Air... Read more

Senate Banking Committee to Hold TRIA Hearing

June 17, 2019 The Senate Committee on Banking, Housing, and Urban Affairs will conduct a hearing June 18 titled... Read more

FEMA Flood Claims Data Now Available

June 17, 2019 The Federal Emergency Management Agency announced June 11 the release of National Flood Insurance Program claims and policy data on... Read more

NAMIC’s CCP Welcomes the Empire State to Washington

June 17, 2019 NAMIC member company representatives from New York will be in the nation’s capital June 20 to participate in the Congressional... Read more

Senate Banking Committee Eyes Data Brokers and the Impact on Financial Data Privacy

June 17, 2019 The Senate Banking Committee held a hearing June 11 to examine the activity of data brokers and how financial services organizations use data to... Read more

House Financial Services Committee Advances Long-Term NFIP Bill

June 17, 2019 Members of the House Financial Services Committee unanimously approved two pieces of legislation June 12 that would enact a long-term reauthorization of the National Flood... Read more

Nevada: Bill Allowing Claimants Right to Void Settlement Agreements, Secure Policy Coverage Limits Information is Now Law

June 11, 2019 NAMIC-opposed SB 435, Releases of Liability, has been signed into law by Gov. Steve Sisolak. The law goes into effect on Oct. 1, 2019. The new law provides that a release of liability relating to the personal injury of a releasor may... Read more

Oregon: NAMIC-Opposed Bill Removing Noneconomic Damages Cap Dies

June 11, 2019 NAMIC-opposed HB 2014, which had passed out of the Assembly and then the Senate Judiciary Committee, died during the Senate floor vote. The legislation died on a 15-14 vote... Read more

Alaska: Homeowner’s, Renter’s Insurance Renewal Bill is Alive for Year Two of Legislative Session

June 11, 2019 SB 106, which the association helped amend to address insurer underwriting needs, passed out of the Senate on a 20-0 vote and has been assigned to the House Labor and Commerce... Read more

South Carolina: DOI Begins Discussions About Med Mal JUA ‘Exit Tax’

June 11, 2019 As previously reported by NAMIC, South Carolina HB 3760 was passed just before adjournment. Gov. Henry McMaster signed the bill on May 16, and... Read more

NAMIC PAC To Host Chopped Challenge at Management Conference

June 10, 2019 The NAMIC Political Action Committee is welcoming members to its Chopped Challenge June 24 during the NAMIC Management Conference in... Read more

Senate Banking to Discuss Data Brokers’ Impact on Financial Data Privacy

June 10, 2019 The Senate Banking Committee will hold a hearing June 11 titled “Data Brokers and the Impact on Financial Data Privacy, Credit, Insurance, Employment and Housing,” featuring two witnesses, Alicia... Read more

Senate Banking Committee to Hold Hearing on TRIA

June 10, 2019 The Senate Committee on Banking, Housing, and Urban Affairs has announced that it will hold a hearing June 18 on the Terrorism Risk Insurance Program. NAMIC has already been in touch with... Read more

Senate Banking Leadership Hears From CFA on TRIA Reauthorization

June 10, 2019 The Consumer Federation of America sent a letter to Senate Banking, Housing, and Urban Affairs Chairman Mike Crapo, R-Idaho, and ranking member Sherrod... Read more

Three States Come to Washington for NAMIC’s CCP

June 10, 2019 NAMIC’s Congressional Contact Program returns this week with NAMIC member company representatives from Tennessee in our nation’s capital June 11, followed by participants from Minnesota... Read more

NAMIC Serves at the FAA Drone Advisory Committee Meeting

June 10, 2019 The Drone Advisory Committee, a broad-based, long-term federal advisory committee to the... Read more

FCC Allows for Robocalls to be Automatically Blocked

June 10, 2019 The Federal Communications Commission voted June 6 to allow phone companies to block illegal and unwanted robocalls from reaching consumers by default and without a requirement... Read more

House Financial Services Committee Leaders Reach Deal, Set to Pass Long-Term NFIP Legislation

June 10, 2019 House Financial Services Committee Chairwoman Maxine Waters, D-Calif., and the committee’s ranking member, Patrick McHenry, R-N.C., announced an agreement June 6 on legislation that would... Read more

South Carolina: Insurance Director Announces Focus on Private Flood

June 4, 2019 NAMIC attended the South Carolina Insurance Association quarterly board meeting on May 30, where Insurance Director Ray Farmer was a featured speaker. In addition to his comments on the beginning of hurricane season on June 1 and DOI and industry... Read more

Alabama: Session Adjourns Without Handheld Cellphone Ban; SOL Extension Does Pass

June 4, 2019 The Alabama General Assembly adjourned its 2019 regular session on May 31. Despite steady progress and debate up until the very last day, HB 404, which would have banned the use of handheld cellphones while driving, did not cross the finish line for... Read more

Oregon: DFR Hosts Stakeholder Meeting on Regulatory Position on Exclusionary Language in Insurance Policies

June 4, 2019 The Division of Financial Regulation is convening a stakeholder meeting to discuss issues surrounding exclusionary language in recent property/casualty insurance policies. Read more

Nevada: Child Support Interception of Insurance Claims Payment Bill Has Signed Into Law

June 4, 2019 SB 33, Revises provisions governing enforcement of child support obligations, has been signed into law by Gov. Steve Sisolak after passing out of the Legislature without a single “nay” vote in either chamber floor vote. The bill goes into effect... Read more

FACI to Meet June 18

June 3, 2019 The U.S. Department of the Treasury published a Notice of open meeting May 31 announcing that the U.S. Department of the Treasury's Federal Advisory Committee on Insurance will meet via teleconference June 18 from 2 p.m.-5 p.m. EDT. The meeting is... Read more

NAMIC’s CCP in High Gear for June

June 3, 2019 Congress returns from recess this week, which means NAMIC’s Congressional Contact Program returns as well. NAMIC member company representatives from Kansas and Missouri will be in the nation’s capital June 4-5, and company representatives from... Read more

One Year Later, GDPR Offers Mixed Results

June 3, 2019 May 25 marked the one-year anniversary of the European Union’s General Data Protection Regulation law, and stark differences of opinion have developed over what has and hasn’t happened. Some have celebrated the law as the strongest attempt to rein... Read more

DAC to Meet June 6

June 3, 2019 The Federal Aviation Administration's Drone Advisory Committee, a broad-based, long-term federal advisory committee providing the FAA with advice on key Unmanned Aircraft System integration issues by helping to identify challenges and prioritize... Read more

Feds Seek Comment on AV Safety Standards, Regulations

June 3, 2019 The National Highway Traffic Safety Administration and Federal Motor Carrier Safety Administration each issued an advanced notice of proposed rulemaking May 28 regarding the removal of regulatory barriers to the safe introduction of automated... Read more

Congress Avoids NFIP Lapse With Short-Term Extension; Expected to Vote Again June 3

June 3, 2019 On May 31, the day the National Flood Insurance Program was set to expire, Congress sent President Trump legislation to extend the program’s authorization for two weeks, to June 14. The House passed the two-week extension on May 30 after a week on... Read more

Louisiana: NAMIC Supports Resolution Aimed at Curtailing Influence of ALI Restatement

May 30, 2019 NAMIC continues to press for legislatures to address issues with The American Law Institute’s Restatement on Liability Insurance by providing written testimony in support of SR 149. The resolution will be heard in the... Read more

Texas: NAMIC Provides Comments to Informal Draft on Changes to Consumer Bill of Rights

May 29, 2019 NAMIC provided written comments on May 28 to the Texas Department of Insurance’s proposed changes to the Consumer Bill of Rights for Homeowners, Dwelling and Renters Insurance. NAMIC believes a few of the proposals pertaining to the use of claims for... Read more

Alabama: Asbestos Exposure Transparency Act Signed by Governor; Handheld Cellphone Ban Near Passage

May 28, 2019 SB 45, NAMIC-supported legislation to ensure transparency of asbestos trust claims, was signed May 23 by Gov. Kay Ivey and assigned Act No. 2019-261. Several bills on the Alabama Department of Insurance legislative agenda also have passed... Read more

Setting the Stage for 2020’s Battle for House of Representatives

May 28, 2019 In the shadow of the presidential race, Republicans and Democrats are preparing for another battle: the fight for the House. It’s not going to get as much attention as the presidential race over the next 18 months, but control of the House is... Read more

Senate Passes Anti-Robocall Bill, But Fate in House Unclear

May 28, 2019 The Senate voted May 23 to pass the Telephone Robocall Abuse Criminal Enforcement and Deterrence, or TRACED Act, S.151, by a 97-1 vote. The bill, designed to combat the abusive use of robocall technology, had received more than 80 co-sponsors by... Read more

Senate Judiciary Committee Examines Data Privacy

May 28, 2019 The Senate Judiciary Committee held a hearing May 21 titled “Understanding the Digital Advertising Ecosystem and the impact of Data Privacy and Competition Policy.” The intent of the hearing was to focus on digital advertising practices and explore if... Read more

NAMIC Hosts Meeting of BuildStrong Coalition, Discusses Upcoming Forum

May 28, 2019 NAMIC hosted a meeting of the BuildStrong Coalition on May 23 to discuss progress since the passage of the landmark Disaster Recovery Reform Act in 2018, outline priorities for the remainder of 2019, and discuss the July 23 Washington, D.C., Forum on... Read more

BuildStrong Coalition Testifies Before House T&I on DRRA Implementation; FEMA Readiness

May 28, 2019 The NAMIC-led BuildStrong Coalition testified before the House Transportation and Infrastructure Subcommittee on Economic Development, Public Buildings, and Emergency Management during a May 22 hearing examining the... Read more

Mnuchin Appears for HFSC ‘Part II’ Testimony on International Financial System

May 28, 2019 Treasury Secretary Steve Mnuchin appeared before the House Financial Services Committee on May 22 to resume a hearing that began earlier this year. During the initial hearing, titled the “Annual Testimony of the Secretary of the Treasury on the... Read more

Senators Introduce Bill to Eliminate the FIO

May 28, 2019 Sens. Ted Cruz, Cindy Hyde-Smith, and Jim Inhofe on May 22 introduced S. 1586, the Federal Insurance Office Abolishment Act. The bill, the first piece of legislation directly dealing with the FIO to be introduced in the Senate, is a companion bill to... Read more

Congress Fails to Pass NFIP Bill Before Recess; House Could Still Avoid a Lapse

May 28, 2019 With the National Flood Insurance Program set to expire May 31, House and Senate leaders are looking for ways to keep it available since members failed to do so before leaving Washington. They are not set to return until June 4. During a May 24... Read more

MICHIGAN LEGISLATURE PASSES PROBLEMATIC NO-FAULT INSURANCE LAW

May 24, 2019 The Michigan Legislature today passed a committee substitute for HB 1, a bill aimed at reforming Michigan’s no-fault automobile insurance system... Read more

Florida: AOB Reform Bill Sent to Governor

May 23, 2019 Florida HB 7065, long-awaited assignment of benefits reform, was presented to Gov. Ron DeSantis on May 22. He has until June 6 to sign, veto, or allow the bill to become law... Read more

Oregon: NAMIC-Opposed Bill Removing Noneconomic Damages Cap Passes Out of Committee

May 23, 2019 NAMIC-opposed HB 2014 has passed out of the Senate Judiciary Committee. NAMIC’s state advocacy partner, the Oregon Liability Reform Coalition, has been working with NAMIC and other interested... Read more

Nevada: Insurance Data Security Breach Bill Dead for Session

May 23, 2019 SB 21, Insurance Data Security, has died in the Assembly. The legislation would have adopted the National Association of Insurance Commissioners’ Insurance Data Security Model Law, which establishes data security standards... Read more

California: NAMIC Joins PIFC in Submitting Comments to CDI on SIU Proposed Regulation

May 23, 2019 NAMIC’s state advocacy partner, the Personal Insurance Federation of California, provided testimony to the California Department of Insurance at its pre-notice public discussion regarding contemplated changes... Read more

NAIC CASTF Predictive Modeling White Paper Exposes New Draft

May 23, 2019 The NAIC Casualty Actuarial and Statistical Task Force exposed a second draft of its predictive modeling white paper as a result of a conference call of the task force on May 14. The second exposure is for... Read more

Louisiana: Omnibus Premium Reduction Act Gains New Life in Legislature

May 23, 2019 NAMIC previously shared its support for HB 372, the Omnibus Premium Reduction Act, in House and Senate hearings. The bill is a good step toward addressing the problems associated... Read more

Financial & Regulatory Brief: In the States

May 21, 2019 In 2019, 10 states have adopted the NAIC Corporate Governance Annual Disclosure Model Act, bringing the total to 36 states that have adopted... Read more

Financial & Regulatory Brief: At the NAIC

May 21, 2019 The NAIC held the annual International Insurance Forum in May. Keynoting the event was U.S. Secretary of Treasury Steven Mnuchin who noted ongoing concerns with the direction of the Insurance Capital Standard at the... Read more

Financial & Regulatory Brief: In the World

May 21, 2019 Staff members from the International Association of Insurance Supervisors last month provided an update to the industry about the specifications that would be field-tested in 2019 for the Insurance Capital... Read more

Financial & Regulatory Brief: In the Nation

May 21, 2019 A NAMIC-supported bill to add a state insurance commissioner as a voting member on the Financial Stability Oversight Council was introduced in both the House and... Read more

Nevada: NAMIC-Opposed Workers’ Comp Physician Choice Bill Passes Out of Senate

May 21, 2019 SB 381, Workers’ Compensation, has been amended and passed out of the Senate. The bill has yet to be assigned a hearing date in the Assembly Committee on... Read more

Oregon: Insurance Consumer Complaints Study Bill Introduced

May 21, 2019 HB 2956, Insurance Code Violations Study, has been introduced and assigned to the House Committee on Business and Labor for an informational hearing on... Read more

California: Privacy Bill With Private Civil Right of Action Dies

May 21, 2019 SB 561, which would have expanded the state’s broad new data privacy law, the California Consumer Protection Act, to allow for a private civil cause of action by consumers... Read more

House Set to Consider Legislation Requiring FIO to Collect Private Data From Auto Insurers

May 20, 2019 The House will vote the week of May 20 on legislation designed to increase the powers of the Consumer Financial Protection Bureau, the agency created by the Obama administration in the wake of the 2008... Read more

NAMIC’s Karol Named to Federal Drone Advisory Committee

May 20, 2019 Tom Karol, NAMIC’s general counsel – federal, will be representing the property/casualty insurance industry as a member of the Federal Aviation Administration’s Drone Advisory Council as Unmanned Aircraft Systems are... Read more

Senate Panel Eyes Privacy Issues

May 20, 2019 The Senate Judiciary Committee will hold a hearing May 21 titled “Understanding the Digital Advertising Ecosystem and the Impact of Data Privacy and Competition Policy,” featuring witnesses from academia and... Read more

Trade Sees Breakthroughs for Canada, Mexico Tariffs

May 20, 2019 A week after President Trump escalated trade pressures by increasing tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent, he announced a breakthrough to ease tensions with... Read more

House Committee to Hear from HUD, Treasury Secretaries

May 20, 2019 The House Financial Services Committee will hold two hearings involving cabinet secretaries the week of May 20. The first, “Housing in America: Oversight of the U.S. Department of Housing and Urban Development” will see HUD... Read more

FAA Administrator Nominee Appears Before Senate Commerce Committee

May 20, 2019 The Senate Commerce, Science, and Transportation Committee convened May 16 to hear from Stephen Dickson, who has been nominated to serve as the Federal Aviation Administration’s... Read more

House Subcommittee Eyes Arbitration

May 20, 2019 The House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law convened May 16 for a hearing titled “Justice Denied: Forced Arbitration and the Erosion of our Legal System,” which featured... Read more

NAMIC Submits Comments to Treasury on TRIA Small-Insurer Study

May 20, 2019 NAMIC submitted comments to the U.S. Treasury on May 13 in response to its recent request for comments on the department’s study regarding the Terrorism Risk Insurance Act program and... Read more

Property/Casualty Insurance Industry Submits Comments to Treasury, IRS on Compensation for Tax-Exempt Organizations

May 20, 2019 NAMIC and other stakeholders in the property/casualty insurance industry submitted comments to the Internal Revenue Service and the U.S. Treasury on May 16 regarding Notice 2019-09, which provides... Read more

Quarles Talks CECL in Congressional Hearings

May 20, 2019 In separate hearings before the Senate Banking and House Financial Services committees, Federal Reserve Vice Chairman Randal Quarles addressed the Financial Accounting Standards Board’s new... Read more

House Members Follow-Up on Senate Letter on International Insurance Capital Standard

May 20, 2019 Members of the House Financial Services Committee shared their concerns regarding the ongoing discussions at the International Association of Insurance Supervisors over the Insurance Capital Standard... Read more

BuildStrong Coalition to Testify During Hearing Examining DRRA

May 20, 2019 The NAMIC-led BuildStrong Coalition will testify during a May 22 hearing designed to examine the implementation of a major law the coalition worked to see enacted... Read more

House Passes Short-Term NFIP Extension; Senate Action Next

May 20, 2019 With a May 31 deadline to reauthorize the National Flood Insurance Program quickly approaching, the House on May 14 passed H.R. 2578, which would authorize the NFIP through Sept. 30. The bill, the... Read more

Texas: TDI Seeks Feedback on Consumer Bill of Rights

May 16, 2019 The Texas Department of Insurance on May 15 notified the industry of the Office of Public Insurance Counsel’s proposed changes to the Consumers Bill of Rights for Homeowners, Dwelling and Renters Insurance. OPIC is proposing changes to the... Read more

Alabama: Senate Asbestos Exposure Transparency Act Moves Out of House Committee

May 14, 2019 SB 45, continues its steady progress through the legislative process with a favorable report from the House Commerce and Small... Read more

North Carolina: Dust Settling After Crossover Deadline

May 14, 2019 After fast and furious activity leading up to the May crossover deadline, the dust is settling at the North Carolina General Assembly. Much of the recent focus was... Read more

South Carolina: 2019 Session Adjourns With Last-Minute Passage of Med Mal JUA Bill

May 14, 2019 The first regular session of the 123rd South Carolina General Assembly adjourned sine die on May 9. Per the adjournment resolution, lawmakers will... Read more

Colorado: DOI Terminates Adopted Insurance Consumer Protections/Consumer Notice Amended Regulation

May 14, 2019 The Colorado Division of Insurance Division has provides notice that it is terminating the rulemaking process for draft amended regulation 5-2-12, Concerning Automobile... Read more

Alaska: NAMIC Submits Testimony on Homeowner’s, Renter’s Insurance Renewal Bill

May 14, 2019 NAMIC has submitted written testimony to the Senate Labor and Commerce Committee on SB 106, requesting that the committee not... Read more

House Bill Calling for Study of Auto Insurance Cost Disparities Reintroduced

May 13, 2019 Rep. Mark Takano, D-Calif., on May 10 reintroduced H.R.2684, which would require the Federal Insurance Office to conduct a study to identify... Read more

Senators Urge Federal Reserve Vice Chair to Engage on International Capital Standard Debate

May 13, 2019 A bipartisan coalition of 42 senators asked Randy Quarles, Federal Reserve vice chairman and chair of the Financial Stability Board, to ask the FSB to publicly state that... Read more

Senate Commerce Committee Eyes National Airspace, Drone Integration

May 13, 2019 The Senate Commerce Committee hosted a hearing May 8 titled “New Entrants in the National Airspace: Policy, Technology, and Security Issues for Congress” and received... Read more

Panel Discuses Automated Vehicle Safety Expert

May 13, 2019 NAMIC attended “Engaging Drivers and Law Enforcement,” an event featuring a panel of experts on automated vehicle safety on May 8. It was hosted by the... Read more

House Financial Services Committee Considers Legislation

May 13, 2019 The House Financial Services Committee held a markup May 8 on several pieces of legislation. Before the panel for a vote... Read more

New Tariffs Coming on Auto Parts?

May 13, 2019 Renewed trade tensions between the United States and China emerged over the past week as President Trump on May 10 followed through on his threat to... Read more

With Rule Still in Review, Disparate Impact Challenge Remains on Hold

May 13, 2019 At a status hearing May 13 on NAMIC’s challenge to the Department of Housing and Urban development’s disparate impact rule at... Read more

Help NAMIC PAC Chop Down Bad Legislation

May 13, 2019 If you are planning to attend the Farm Mutual Forum in Bloomington, Minn., May 21-22, please join NAMIC PAC for an axe-clusive fundraising event and... Read more

Will Open Seats Affect Senate Majority?

May 13, 2019 According to the National Journal, the number of Senate retirements through the first four months of the new Congress has already surpassed the... Read more

NAMIC’s CCP Welcomes the Garden State to Washington

May 13, 2019 Member company representatives from New Jersey will be in the nation’s capital May 15-16 as part of NAMIC’s Congressional Contact Program. These advocates will be... Read more

Privacy a Topic for Multiple Congressional Committees

May 13, 2019 Members of the Senate Banking Committee discussed a number of topics at a May 7 hearing titled “Data Rights and Collection in the Digital... Read more

House Expected to Vote on NFIP Short-Term Measure as NAMIC Works to Avoid Lapse

May 13, 2019 With a May 31 deadline to reauthorize the National Flood Insurance Program and avoid a lapse of the program, the House is expected to vote as early as... Read more

Florida: More Than AOB Reform Marks Positive 2019 Session Outcome

May 9, 2019 The Florida Legislature adjourned on May 4, and the insurance industry came away with more than just a big win on the assignment-of-benefits reform that passed April 24. HB 7065 has an... Read more

Michigan: Legislature Considers Dueling No-Fault Reform Bills

May 9, 2019 The Michigan Senate Insurance Committee and full Senate on May 7 took up and passed SB 1, a comprehensive no-fault reform bill aimed at curbing... Read more

Colorado: DOI Schedules Stakeholder Meeting on Depreciation of Labor Bulletin

May 9, 2019 The Colorado Division of Insurance will be hosting a public stakeholder meeting to discuss Colorado Insurance Bulletin 5.1 – Calculation of actual cash value: Prohibition against... Read more

Montana: NAMIC-Opposed Bill Eroding Statute of Limitations Law Signed Into Law

May 9, 2019 NAMIC-opposed HB 640, Childhood Sexual Abuse, as amended by the Senate, has been signed into law by Gov. Steve Bullock. The bill went into... Read more

Michigan Senate Announces, Passes No-Fault Reform Legislation

May 9, 2019 The Michigan Senate Insurance Committee and full Michigan Senate on May 7 took up and passed SB 1, a comprehensive no-fault reform bill aimed at... Read more

Washington: Potentially Concerning Tax Bill Passes at End of Session

May 8, 2019 Before the Legislature adjourned for the year, it passed E2SHB 2158, a comprehensive business and operation tax surcharge on selected state businesses to bring in almost $380 million for the biennium. The measure imposes a 20 percent... Read more

Louisiana: NAMIC Provides Testimony on Bills Moving Through Legislature

May 7, 2019 NAMIC on May 6 took positions on bills being heard in the House Insurance and Senate Judiciary A committees. NAMIC advised the House Insurance Committee it... Read more

Alabama: Governor Signs CGAD, Cybersecurity, and Roofing Contractor Bills

May 7, 2019 Gov. Kay Ivey on May 1 signed the NAIC Corporate Governance Annual Disclosure Model Act, SB 52; the NAIC Cybersecurity... Read more

Hawaii: NAMIC-Opposed OEM Auto Repair Parts Bills Dead for the Year

May 7, 2019 With the adjournment of the 2019 legislative session on May 2, the long and extremely challenging battle to protect insurance consumers from original equipment... Read more

Oregon: NAMIC-Opposed Workers’ Compensation Bill Amended

May 7, 2019 NAMIC-opposed HB 3022, which would significantly change the current workers’ compensation law and unfairly stack the cards in favor of claimants has been... Read more

Colorado: Legislature Adjourns, NAMIC-Opposed Medical Liens Bill, Class Action Consumer Protection Bill Die

May 7, 2019 Two contentious trial-bar-sponsored bills died at the end of legislative session on April 3. SB 217 would have assisted medical providers and... Read more

Nevada: Insurance Data Security Breach Bill Passes to Assembly

May 7, 2019 SB 21, Insurance Data Security, has been amended and assigned to the Assembly Committee on Commerce and Labor for consideration. No public... Read more

Subcommittee Hearing Looks at Discrimination in Auto Lending, Insurance

May 6, 2019 The House Financial Services Committee’s Subcommittee on Oversight and Investigations convened a hearing May 1 titled “Examining Discrimination in the Automobile Loan and Insurance Industries” and received... Read more

Webinar on ALI Restatement Available to NAMIC Members

May 6, 2019 NAMIC is co-hosting a May 15 webinar for senior claim legal staff and key coverage counsel to better understand the American Law Institute’s soon-to-be... Read more

Where Trump Hopes to Play Offense

May 6, 2019 President Trump’s campaign manager, Brad Parscale, listed four states – Colorado, Minnesota, New Hampshire, and Nevada – as offensive... Read more

House Energy and Commerce Examines Robocall Legislation

May 6, 2019 The House Energy and Commerce Subcommittee on Communications and Technology held a hearing April 30 titled “Legislating to Stop the Onslaught of Annoying Robocalls.” Seven bills to combat... Read more

FTC Will Examine Third-Party Auto Repair Market

May 6, 2019 The Federal Trade Commission is hosting a workshop titled “Nixing the Fix, A Workshop on Repair Restrictions” on July 16 at 9 a.m. EDT. The purpose of the... Read more

Krishnamoorthi Introduces SAFE TO DRIVE ACT

May 6, 2019 Rep. Raja Krishnamoorthi, D-Ill., introduced H.R.2416, the SAFE TO DRIVE Act, on April 30 to create two supplemental National Highway Traffic Safety Administration grants for... Read more

Senate Commerce Committee Continues Federal Privacy Framework

May 6, 2019 The Senate Commerce, Science, and Transportation Committee convened May 2 for a hearing  to discuss “Consumer Perspectives: Policy Principles for a Federal Data Privacy Framework” featuring... Read more

Senate Commerce Committee to Hold Status Hearing on Drone Integration

May 6, 2019 The Senate Commerce, Science, and Transportation Committee will host a hearing May 8 titled... Read more

Senate Banking Eyes Data Rights

May 6, 2019 The Senate Banking Committee will hold a hearing May 7 titled “Data Rights and Collection in the Digital Economy.” In preparation for tackling... Read more

NAMIC CCP Opens May With Indiana, Maine, Texas, Washington

May 6, 2019 NAMIC’s Congressional Contact Program returns this week as NAMIC member company representatives from Texas will be in the nation’s capital on May 7-8, followed by participants from... Read more

Primary Regulators of Insurance Act of 2019 Introduced in House, Senate

May 6, 2019 A a bipartisan group of House and Senate members introduced legislation May 2 designed to elevate the role of state insurance commissioners in federal policymaking on insurance issues. The legislation, known as the... Read more

NAMIC Leads Effort to Avoid Lapse of National Flood Insurance Program

May 6, 2019 With the expiration of the authorization of the National Flood Insurance Program set to take place May 31, NAMIC led the effort to... Read more

Tennessee: Hands-Free Highway Safety Legislation Passes

May 2, 2019 The Tennessee General Assembly on April 30 passed HB 164/SB 173 hands-free legislation to ban drivers 18 and older from holding or physically supporting a phone while driving... Read more

Oregon: NAMIC-Opposed Bill Authorizing Private Attorney General Lawsuits Moves to Joint Committee on Ways and Means

May 2, 2019 NAMIC has joined its tort reform state advocacy partner, the Oregon Liability Reform Coalition, in opposing SB 750, Relating to Public Enforcement Actions... Read more

Hawaii: NAMIC-Supported Bill Reforming Insurer’s Annual Consumer Privacy Notice Off to Governor for Signature

May 2, 2019 NAMIC-supported HB 273, Privacy Notice for Insurers, has passed out of conference committee to resolve differences between the House and Senate versions of the bill. The proposed legislation is now off to... Read more

Colorado: NAMIC-Opposed Insurance Policy Coverage Limits Disclosure Bill Off to Governor for Signature

May 2, 2019 NAMIC-opposed HB 1283 has passed out of the Senate with insurance industry amendments secured in the House Judiciary Committee. The bill will soon be sent to... Read more

Florida: Texting While Driving Primary Offense; Scooter, AV Regulation Bills Pass

May 2, 2019 The Florida House on April 29 gave final passage to HB 107, which would make texting while driving a primary offense as of July 1, 2019. In addition, the bill makes school zones and active... Read more

Nevada: NAMIC Opposes Bill Allowing Claimant Right to Void Settlement Agreements, Secure Policy Coverage Limits Information

May 2, 2019 NAMIC joined other members of the insurance industry in submitting a letter of opposition on SB 435, Releases of Liability, to the Assembly Judiciary Committee. NAMIC also retained counsel to testify at the hearing about the... Read more

Iowa: Governor Signs Assignment of Benefits Reform

May 2, 2019 Gov. Kim Reynolds on May 1 signed Senate File 412, the bill to protect consumers from the abusive assignment of benefit practices seen in... Read more

Louisiana: NAMIC Opposes Legislation Restricting Use of Direct Repair Facilities, Mandating Additional Disclosures on Homeowners’ Policies

May 2, 2019 NAMIC on May 1 opposed two bills in the Louisiana... Read more

Washington: Legislative Session Adjourns on Pro-Insurance Consumer Note

May 2, 2019 NAMIC-opposed SB 5996, a premium tax increase to fight wildfires, died in the last days of the legislative session. NAMIC participated in and contributed funds to an industry coalition of trades and... Read more

Colorado: NAMIC Submits Testimony Opposing Consumer Protection Bill; Set for Senate Floor Vote

April 30, 2019 NAMIC submitted written testimony to the Senate Judiciary Committee opposing HB 1289. The legislation passed out of House with amendments L.002 and L.011. Neither amendment resolved the... Read more

Washington: Governor Signs Controversial Wrongful Death Bill

April 30, 2019 Gov. Jay Inslee signed SB 5163, Wrongful Death, that will significantly enlarge the category of individuals legally entitled to assert a wrongful death claim and will expand the class of general damages... Read more

Hawaii: NAMIC-Supported ‘Flood Damage’ Motor Vehicle Title Branding Bill Set for Passage

April 30, 2019 HB 270, HD 1, SD 2, Relating to Rebuilt Vehicles, is back on track for passage this session. The legislation would amend and modernize current law on motor vehicle total losses by specifically adding... Read more

Nevada: NAMIC-Opposed Bill Allowing Plaintiffs Right to Void Settlement Agreements Amended, Worse for Insurers

April 30, 2019 NAMIC-opposed SB 435, Releases of Liability, has passed out of the Senate on a 21-0 vote after being amended in the Senate Judiciary Committee to impose on insurers a concerning policy information... Read more

Treasury’s TRIA Office Seeks Comments for Small Insurer Report

April 29, 2019 The U.S. Department of the Treasury published a notice in the Federal Register seeking comments in connection with its... Read more

As Congress Returns, N.C., Arkansas, and Ohio Head to Washington for CCP

April 29, 2019 Congress returns from recess this week, which means NAMIC’s Congressional Contact Program returns as well. NAMIC member company representatives from North Carolina will be in the nation’s... Read more

Financial Services Subcommittee Eyes Discrimination in Auto Lending, Insurance in Hearing

April 29, 2019 The House Financial Services Subcommittee on Oversight & Investigations will convene for a hearing May 1 titled “Examining Discrimination in the Automobile Loan... Read more

Races to Watch: Democrats Long for a Pick-Up in New York’s 1st District

April 29, 2019 The 2018 Democratic wave resulted in a new House majority and some districts – namely in the suburbs – that hosted closer-than-expected elections. State Rep. Lee Zeldin is one of the few... Read more

Legislation to Protect State-Based Regulatory System Expected to be Reintroduced

April 29, 2019 NAMIC expects to soon see the reintroduction of bipartisan legislation designed to protect the state-based system of... Read more

Energy and Commerce Subcommittee to Examine Robocall Legislation

April 29, 2019 The House Energy and Commerce’s Communications and Technology Subcommittee will host a hearing... Read more

Florida: Ready for Final Week of Session

April 26, 2019 With only one week left in the 2019 Florida legislative session, House and Senate floor activity has... Read more

Iowa: NAMIC Urges Governor to Sign Assignment of Benefits Reform

April 26, 2019 Senate File 412, to protect consumers from the abusive assignment of benefit practices seen in many states, passed both chambers of the Iowa Legislature without a... Read more

Florida: FSU Future of Insurance Forum Scheduled for May 8

April 26, 2019 NAMIC will be part of the Florida State University “Future of Insurance Forum” scheduled for May 8 in Tallahassee... Read more

Florida: AOB Reform for Property Insurance Headed to Governor

April 24, 2019 By a 25 to 14 vote, the Florida Senate at 2:45 p.m. on April 24 gave final approval to HB 7065, property Assignment of Benefit reform, after many years of advocacy and public affairs support to educate consumers and policymakers about increasing AOB... Read more

Louisiana: Major Tort Reform Passes House; NAMIC Opposes Bill Requiring Commercial Auto Data Reporting

April 24, 2019 The Louisiana House on April 23 passed HB 372, which takes a significant step in addressing the auto insurance market problems in Louisiana. NAMIC provided written testimony to the House Civil Law Committee earlier in the month in support... Read more

Hawaii: Conference Committee Assigned for NAMIC-Supported Privacy Notice Reform Bill

April 24, 2019 NAMIC-supported HB 273, Privacy Notice for Insurers, which was amended by the Senate and then rejected by the House, has been assigned to a conference committee in the final five days of the legislative session for reconsideration of the House and... Read more

California: CDI Rejects Consumer Watchdog’s Climate Change Rulemaking Petition

April 24, 2019 Consumer Watchdog, a self-proclaimed consumer protection organization, delivered a formal petition to the California Department of Insurance March 21 requesting that Commissioner Ricardo Lara require mandatory insurer disclosures of the fossil fuel... Read more

Colorado: NAMIC Submits Testimony Opposing Medical Liens Bill

April 24, 2019 NAMIC has submitted written testimony to the Colorado House Health and Insurance Committee opposing SB 217, Healthcare Provider Liens. The proposed legislation enumerates procedural requirements for a healthcare provider to assert a medical lien for... Read more

Nevada: NAMIC-Supported Insurance Fraud Bill Dies

April 24, 2019 NAMIC-supported AB 87, Insurance Fraud Penalty, is dead for the session after failing to survive a legislative procedural deadline. “Insurance fraud,” defined as knowingly and willfully committing various actions including knowingly and willfully... Read more

Washington: NAMIC-Supported Motorcycle Liability Coverage Bill Signed into Law

April 24, 2019 NAMIC-supported HB 1014, Motorcycle Liability Insurance Coverage has been signed into law by Gov. Jay Inslee. The proposed legislation removes the current statutory exemption for motorcycles from the financial responsibility requirement for motorists. Read more

Washington: NAMIC-Opposed Wrongful Death Bill Sent to Governor

April 23, 2019 NAMIC-opposed anti-tort reform legislation on wrongful death causes of action, SB 5163, has passed out of the House of Representatives on a 61-37 vote. On final passage, eight Republicans joined 53 Democrats in voting for the bill. Read more

Florida: AOB Reform, Distracted Driving, and Autonomous Vehicles Bills Nearing Finish Line

April 23, 2019 The Florida Senate on April 23 took up Assignment of Benefits reform on the Special Order Calendar. Because SB 122 had been amended last week in the Senate Rules Committee with the same language as contained in HB 7065, the first order of business... Read more

Kansas: Governor Signs NAMIC-Endorsed Assignment of Benefits Reform

April 23, 2019 Gov. Laura Kelly signed Senate Bill 78 April 22, to protect consumers from the abusive assignment of benefit practices seen in many states. NAMIC was a strong and early supporter of the bill. Read more

Alabama: Asbestos Trust Transparency, Distracted Driving Bills Move Out of Committee

April 23, 2019 Asbestos trust claims transparency legislation, SB 45, was approved April 18 by the Alabama Senate Judiciary Committee. The bill would require plaintiffs in asbestos actions to file all available asbestos trust claims and produce all trust claims... Read more

Louisiana: NAMIC Asks Administrative Law Judge to Stay Enforcement of Problematic DOI Directive

April 23, 2019 NAMIC filed a formal request with the Louisiana Division of Administrative Law April 22 to request an order to stay enforcement of Louisiana Department of Insurance Directive 215. NAMIC filed this action in its own name on behalf of members doing... Read more

Montana: NAMIC-Opposed Bill to Erode Statute of Limitations Law Has Been Enrolled

April 23, 2019 NAMIC-opposed HB 640, Childhood Sexual Abuse, as amended by the Senate, has passed out of the House on a unanimous vote and will soon be sent to Gov. Steve Bullock for his anticipated signature. The proposed legislation allows a civil lawsuit for... Read more

Nevada: NAMIC-Opposed OEM Parts Bill Dead for Session

April 23, 2019 NAMIC-opposed AB 173, Relating to Repair of Motor Vehicles, has failed to pass a procedural deadline and is now dead for session. The proposed legislation would have prohibited insurers from requiring the use of aftermarket parts for repairs to a... Read more

Colorado: NAMIC-Supported Distracted Driving Legislation Dies

April 23, 2019 The House Judiciary Committee has postponed consideration of SB 12, Concerning the Use of Mobile Electronic Devices While Driving indefinitely. The proposed legislation would have expanded the current prohibition on the use of wireless telephones... Read more

Louisiana: NAMIC Opposes Bill Banning Use Of Gender and Credit Scoring, Voices Support for Other Legislation

April 23, 2019 NAMIC provided written comments opposing SB 89 ahead of the bill’s hearing in the Senate Insurance Committee. NAMIC pointed out that gender is a useful, actuarily sound tool which helps insurance companies charge more accurate premiums to riskier... Read more

Oregon: NAMIC-Opposed Workers’ Compensation Bill on the Move

April 23, 2019 NAMIC-opposed HB 3022, which would significantly change the current workers’ compensation law and unfairly “stack the cards” in favor of claimants has passed unamended out of the House Business and Labor Committee. The bill, along with a proposed... Read more

California: PIFC Submits Letter to Wildfire Commission

April 23, 2019 NAMIC’s state advocacy partner, the Personal Insurance Federation of California, has submitted written comments to the SB 901 Wildfire Commission on behalf of its state trade members and NAMIC. The commission is holding a hearing on April 29 to... Read more

FTC to Host Workshop on Third-Party Repairs and Consumer Protections

April 22, 2019 The staff of the Federal Trade Commission will host a workshop July 16 to examine ways in which manufacturers may limit third-party repairs and is seeking research focused on such limitations. The workshop will focus on how manufacturers may limit... Read more

Safety Concerns on Boeing Crashes Linked to AV

April 22, 2019 At an Appropriations Subcommittee hearing on the Department of Transportation FY 2020 budget request on April 10, Chairman David Price, D-N.C. questioned the department’s ability to regulate automated technologies in the wake of... Read more

Energy and Commerce Committee Leaders ask NHTSA about AV Safety Standards

April 22, 2019 House Energy and Commerce Chair Frank Pallone, D-N.J., and Consumer Protection Subcommittee Chair Jan Schakowsky, D-Ill, sent a letter to Heidi King, deputy administrator of the National Highway Traffic Safety Administration, April 17 regarding a... Read more

The Five States That Will Determine 2020

April 22, 2019 In a presidential election year, the race for the White House dominates the national conversation, but control of both chambers of Congress is often also at stake. Considering the narrow majorities in both the House and the Senate, as well as a... Read more

Treasury’s TRIA Office Seeks Comments for Small Insurer Report

April 22, 2019 Recently, the U.S. Department of the Treasury published a notice in the Federal Register seeking comments in connection with its Small Insurer Report. Comments are due by May 13, and a full report to Congress is due on June 30. Read more

FACI Holds First Meeting of 2019 at Treasury

April 22, 2019 NAMIC attended the Federal Advisory Committee on Insurance’s first meeting of 2019 on April 18. As a reminder, the FACI provides advice and recommendations to assist the Federal Insurance Office in carrying out its statutory authority. Read more

NAMIC Briefs Congressional Staff on Cannabis and Insurance Intersection and Complications

April 22, 2019 NAMIC staff participated in an informational panel hosted by international law firm Holland & Knight April 17 to provide congressional staff with an overview of financial services’ perspectives on cannabis and its complicated legal situation. Read more

House T&I Committee Seeking Input on Infrastructure

April 22, 2019 The staff of the House Committee on Transportation and Infrastructure on April 18 informed stakeholders, including NAMIC, that the committee is seeking input for its work on an infrastructure bill for the 116th Congress. Read more

Texas: NAMIC-Supported HB 1078 Encouraging CPR Training Passed By Texas House

April 18, 2019 The Texas House of Representatives passed HB 1078 April 18, which would allow people with current certification in cardiopulmonary resuscitation, or CPR, to obtain or renew their driver’s licenses or licenses to carry handguns free of charge. Read more

NAMIC Releases CECL White Paper

April 18, 2019 The new Current Expected Credit Loss accounting standard represents a fundamental shift in how insurers recognize credit losses in their reported earnings and is the subject of NAMIC’s third public policy issue analysis of the year, released... Read more

North Carolina: Several Bills of Interest Move Before Easter Break; NAMIC Engages in ‘Scooter Talks’

April 18, 2019 The North Carolina General Assembly has had a somewhat slow start this year, and because odd-numbered years mean it’s the long session, that slow pace could last for a while. There has been a flurry of activity lately, though, with the... Read more

Florida: AOB Reform Moves Closer to Passage; Auto Glass Sidelined

April 18, 2019 The Florida Senate Rules Committee on April 17 amended SB 122, that body’s assignment of benefits reform legislation, to match HB 7065, which passed the full House on April 11. Despite the removal of auto glass provisions, NAMIC and others registered... Read more

Texas: NAMIC Works to Have Insurance Companies Excluded From Comptroller Bill Requiring Access to Insurance Company Data

April 18, 2019 NAMIC successfully urged the Texas comptroller on April 17 to remove “insurance company” from the scope of HB 3872, which would require financial institutions to provide high-level access to customer data in search of delinquent taxpayer assets. Read more

Montana: NAMIC-Supported Rescission of Insuring Agreement for Insurance Fraud Bill Heading to Governor

April 18, 2019 SB 240, Rescission of Insurance Contracts, as amended, has passed the House on a 50-0 vote and is now eligible for Gov. Steve Bullock’s signature. The legislation would allow an insurer to rescind an insuring agreement upon learning that the... Read more

Oregon: NAMIC-Opposed Bill Limiting Insurer Subrogation Rights for Personal Injury Protection Passes Out of Committee

April 18, 2019 The Senate Judiciary Committee has passed SB 421, Motor Vehicle Accident Reimbursement or Subrogation, on a 5-2 vote. The bill has been sent to the Senate Rules Committee, where NAMIC and the industry will try to secure an amendment to remove... Read more

Washington: Smoke Detector Underwriting Bill Passes Out of House With Industry Amendment

April 18, 2019 SB 5284, an act relating to smoke detection devices, as amended, has passed out of the House on a 96-0 vote. The bill was amended in the Senate to remove a concerning underwriting requirement for insurers. E2SSB 5284 has the following language to... Read more

Nevada: NAMIC-Opposed Bill Requiring Full Auto Replacement Cost Coverage Dead or Session

April 18, 2019 NAMIC is pleased to report that AB 172, Motor Vehicle Insurance Claims Settlements, is now dead for the session. The proposed legislation would have required an insurer that issues a policy of insurance covering damage to a motor vehicle to pay the... Read more

Colorado: Consumer Protection Act Damages Bill Introduced

April 18, 2019 SB 237, Consumer Protection Act, has been introduced and assigned to the Senate Judiciary Committee. The bill has yet to be scheduled for a public hearing. The legislation would amend the Colorado Consumer Protection Act to clarify that a plaintiff... Read more

Wildfire Risk Explored for Potential Inclusion in RBC or Ratings Factors

April 17, 2019 The Catastrophe Risk Subgroup heard two presentations about U.S. wildfire risk – one from AIR Worldwide regarding its wildfire model and a second from A.M. Best concerning how it assess wildfire risk within its rating analysis. In 2017, the subgroup... Read more

Statutory Accounting Group Adopts/Proposes Many Revisions to Accounting Practices and Procedures Manual

April 17, 2019 As usual at NAIC national meetings, the Statutory Accounting Principles Working Group was busy adopting changes and proposing new revisions to statutory accounting. In addition, the working group heard several updates from NAIC staff regarding ongoing... Read more

Restructuring Mechanisms Working Group Heard Presentations From Four Stakeholder Groups

April 17, 2019 The NAIC’s newest working group, the Restructuring Mechanisms (E) Working Group, met in-person for the first time on April 6 to hear presentations from several stakeholder groups regarding restructuring statutes and the impact they have on insurance... Read more

Flood Dominated the Property/Casualty Agenda

April 17, 2019 The issue of flood insurance was not only raised at the Catastrophe Insurance (C) Working Group, but also at the parent Property and Casualty Insurance (C) Committee. At the (C) Committee meeting, David Maurstad, chief executive of the National Flood... Read more

Catastrophe Insurance Group Updated on Flood Insurance

April 17, 2019 The Catastrophe Insurance (C) Working Group focused on information gathering at this meeting. It received updates about the National Flood Insurance Program from Brooke Stringer, NAIC’s financial policy and legislative advisor. She spoke about NAIC... Read more

Big Data Working Group Moves Forward With State Ahead Concerning Predictive Modeling Data and Beyond

April 17, 2019 The Big Data Working Group met at the NAIC Spring Meeting in Orlando and continued to discuss a logistical framework at the NAIC to handle and assist states on large data sets and predictive modeling filings. NAMIC has previously commented in... Read more

Risk-Focused Surveillance Working Group Questioned About Motives to ‘Study’ Operational Risk

April 17, 2019 On the agenda for the Risk-Focused Surveillance (E) Working Group was a referral from the Operational Risk (E) Subgroup recommending that other NAIC working groups study and develop regulatory knowledge in the area of operational risk. NAMIC presented... Read more

CASTF Moves Forward With Predictive Modeling White Paper Revisions

April 17, 2019 The NAIC Casualty Actuarial and Statistical (C) Task Force discussed the exposed draft of its Predictive Modeling White Paper at the NAIC Orlando Spring Meeting on April 6. The task force initially exposed the white paper late last year for a period of... Read more

Regulators, Industry Representatives Share Goal of Terrorism Risk Insurance Reauthorization

April 17, 2019 The Terrorism Insurance Implementation (C) Working Group spent time looking at their understanding of the terrorism risk insurance market today and conducting a review of the reauthorization of the Federal Terrorism Risk Insurance Act. Read more

Reinsurance Task Force Discusses Completion of Credit for Reinsurance Model Law and Regulation Revisions

April 17, 2019 The NAIC Reinsurance (E) Task Force reviewed, discussed, and nearly finalized revisions to the Credit for Reinsurance Model Law and Regulation proposed to incorporate provisions of the U.S.-EU Covered Agreement when it met on April 8 during the... Read more

NAIC on Pace to Begin Field-Testing Group Capital Calculation by May 1

April 17, 2019 The Group Capital Calculation (E) Working Group met on April 6 to wrap-up final discussions about the group capital calculation field-testing template and instructions. The working group will hold a conference call soon to officially adopt the... Read more

Louisiana: NAMIC Encourages the Criminalization of Unauthorized Public Adjusting

April 16, 2019 NAMIC submitted a letter to the Senate Insurance Committee supporting SB 103, a bill that would criminalize unauthorized public adjusting. The penalties for violating provisions of the bill range from a $1,000 fine to a two-year prison sentence. NAMIC... Read more

Colorado: NAMIC Submits Testimony Supporting Distracted Driving Legislation

April 16, 2019 NAMIC has submitted written testimony to the House Judiciary Committee for the April 16 public hearing on SB 12, Concerning the Use of Mobile Electronic Devices While Driving. The legislation would expand the current prohibition on the use of... Read more

Montana: NAMIC-Opposed Bill to Erode Statute of Limitations Law Passes Senate Second Reading

April 16, 2019 NAMIC-opposed HB 640, Childhood Sexual Abuse, has passed Senate second reading on a 50-0 vote after passing out of the House on a 96-2 vote. The legislation would allow a civil lawsuit for recovery of damages for injuries suffered as a result of... Read more

Louisiana: NAMIC Supports Important Tort Reform Legislation in Civil Law And Procedure Committee

April 15, 2019 NAMIC drafted written testimony on April 12 supporting three important bills to help address the problems in the auto... Read more

Minnesota: Governor Signs NAMIC-Supported Anti-Distracted Driving Legislation

April 15, 2019 Gov. Tim Walz on April 12 signed HF 50, legislation that strengthens the enforcement of Minnesota’s anti-distracted driving law by updating and clarifying definitions and other... Read more

5th Circuit Says HUD Disparate Impact Rule Does Not Meet SCOTUS Standards

April 15, 2019 The United State 5th Circuit Court of Appeals issued a decision April 9 in The Inclusive Communities Project, Inc. v. Lincoln Property Co., a significant case... Read more

Ownership of Vehicle Data Still Up for Debate

April 15, 2019 Legislation addressing privacy issues is expected to address the question of vehicle data, though it remains to be seen if a bipartisan deal can be reached to... Read more

Senate Commerce Subcommittee Examines Robocall Legislation

April 15, 2019 The Senate Commerce Subcommittee on Communications, Technology, Innovation, and the Internet met April 11 for a hearing titled... Read more

Gardner, Merkley Introduce Senate Version of SAFE Banking Act

April 15, 2019 Sens. Jeff Merkley, D-Ore., and Cory Gardner, R-Colo., introduced the Senate companion version of the SAFE Banking Act, which seeks to provide a safe harbor for companies to offer... Read more

Mnuchin Voices Support for State-Based System of Insurance Regulation in Financial Services Hearing

April 15, 2019 Treasury Secretary Steven Mnuchin appeared before the House Financial Services Committee on April 9 to provide his annual testimony on the state of the... Read more

Treasury’s TRIA Office Seeks Comments for Small Insurer Report

April 15, 2019 The U.S. Department of the Treasury published a notice in the Federal Register seeking comments in connection with its Small Insurer... Read more

More Than 60 Members of Congress Send President Letter on NARAB Nominees

April 15, 2019 More than 60 members of the House and Senate signed onto a letter sent to President Trump April 11 calling for the administration to proceed with the... Read more

Florida: House Approves AOB Reform Without Auto Glass Provisions; Focus Now Moves Back to the Senate

April 11, 2019 The Florida House on April 11 approved on third reading an amended version of HB 7065, which addresses assignment of benefits reform. The bill passed on a 96-20 vote. While House approval is a major step forward on this issue, NAMIC is disappointed... Read more

Colorado: NAMIC Submits Testimony Opposing Attorney General Consumer Protection Bill

April 11, 2019 NAMIC submitted written testimony to the House Judiciary Committee opposing HB 1289. The legislation passed out of committee with two amendments: L.002 and... Read more

Hawaii: NAMIC-Supported Bill to Reform Insurer’s Annual Consumer Privacy Notice Headed to Conference Committee

April 11, 2019 NAMIC-supported HB 273, Privacy Notice for Insurers, which was amended by the Senate, has been rejected by the House, so both bills will head to... Read more

Alaska: Homeowner’s, Renter’s Insurance Renewal Bill Introduced

April 11, 2019 SB 106 has been introduced and assigned to the Senate Labor and Commerce Committee for a public hearing. The proposed legislation adds the following language to... Read more

North Dakota: Governor Signs NAMIC-Endorsed AOB Reform Legislation

April 11, 2019 Gov. Doug Burgum on April 9 signed HB 1219 to protect consumers from the abusive assignment of benefit practices seen in many states. The bill also... Read more

Arkansas: Legislature Passes NAMIC’s Resiliency Resolution

April 11, 2019 The Arkansas Legislature on April 10 passed SCR 6 that served as the vehicle for the NAMIC resiliency resolution. The resolution will now go to Gov. Asa Hutchinson for his signature... Read more

Texas: NAMIC Provides Oral Testimony on Various Insurance Bills During House Committee Hearing

April 11, 2019 NAMIC provided oral testimony April 9 on a number of bills affecting Texas insurers. These include: HB 3960, 3961, and 3962, which would cap the rate increases permissible by the Texas Windstorm Insurance Association without commissioner... Read more

Alabama: 'Hands-Free' Bill Ready for House Floor; DOI Bills Making Progress

April 9, 2019 Alabama House members are ready to take up legislation on the floor that would make it illegal to hold a cell phone while operating a vehicle. HB 6, named "Cici's Law" in memory of teenager Camryn "Cici" Callaway who was killed in a February 2018... Read more

Florida: House AOB Bill Scheduled for Floor Debate

April 9, 2019 The Florida House will take up on April 10 its assignment of benefits bill, HB 7065, on the Special Order Calendar. A proposed amendment that will be discussed on the floor would require Citizens Property Insurance Corp. to include an exhibit in... Read more

Washington: NAMIC Joins Industry in Opposing Bill to Increase Insurer Premium Tax

April 9, 2019 NAMIC has joined the other trades in disseminating three factsheets to legislators to educate them about the adverse implications of SB 5996, Funding fire prevention and suppression activities. Read more

Hawaii: NAMIC-Opposed OEM Auto Repair Parts Consumer Notice Bill Sent to Conference Committee

April 9, 2019 The Senate has rejected the House version of the original equipment manufacturer parts bill, SB 823, SD 1, HD 2. The bill states... Read more

North Carolina: Insurance Commissioner Supports ‘Hands-Free NC’

April 9, 2019 North Carolina Insurance Commissioner Mike Causey held a press conference April 2 to highlight April as National Distracted Driving Awareness Month. He used the event as an opportunity to again voice his support for legislation to ban handheld cell... Read more

South Carolina: NAMIC Resiliency Week Resolution Adopted in House

April 9, 2019 As expected, South Carolina House Insurance Chair Kit Spires introduced HB 4393, NAMIC's Resiliency Week Resolution, on April 4. It was adopted the same day. Read more

Colorado: NAMIC Submits Testimony Opposing Insurance Policy Coverage Limits Disclosure Bill

April 9, 2019 NAMIC has submitted written testimony to the House Judiciary Committee opposing HB 1283. The legislation would require an insurer that provides or may provide liability insurance coverage to pay all or a portion of a pending or prospective claim to... Read more

Montana: NAMIC-Supported Insurance Fraud Bill Amended by House, Sent Back to Senate

April 9, 2019 The House has passed SB 240, Rescission of Insurance Contracts, as amended, on an 84-13 vote. The amended bill has been sent back to the Senate for concurrence. The legislation would allow an insurer to rescind an insuring agreement upon learning that... Read more

Texas: NAMIC Supports Legislation Aimed at Curtailing Impact af ALI Restatement on Liability Insurance

April 9, 2019 NAMIC provided written testimony April 5 supporting HB 2757 and HCR 58 were heard in committee April 8 and left pending. Read more

Treasury Responds to Hill on Covered Agreement

April 8, 2019 The Treasury Department sent a letter to Rep. French Hill, R-Ark., April 1 in response to the congressman's January 2019 letter to senior Treasury officials questioning why a policy statement reaffirming the primacy of the state-based system of... Read more

Mnuchin to Testify Before the House Financial Services Committee

April 8, 2019 Treasury Secretary Steve Mnuchin will deliver his annual testimony April 9 to the House Financial Services Committee at a hearing titled "The Annual Testimony of the Secretary of the Treasury on the State of the International Financial... Read more

Special Election Looks to Favor Keller for Pennsylvania’s 12th District

April 8, 2019 The next U.S. House special election is May 21 in Pennsylvania, when voters will choose someone to serve in the seat of former Republican... Read more

NAMIC to Submit Comments on Drone Flight Proposals

April 8, 2019 NAMIC will file comments by April 12 on proposals designed to encourage the safe testing and deployment of drones, including operating over people and at night, in response to a request by the Federal Aviation... Read more

South Dakota, West Virginia Delegations Take the Hill for CCP

April 8, 2019 NAMIC's Congressional Contact Program will be bringing member company representatives from South Dakota and West Virginia to the nation's capital on April 10-11 to meet with their federal legislators. These advocates will be meeting with members of... Read more

Robocall Bill Passes Through Senate Committee Markup

April 8, 2019 A widely backed bill to curtail unwanted robocalls was passed April 3 by the Senate Commerce Committee. The bipartisan TRACED Act, co-sponsored by Sens. John Thune, R-S.D., and Ed Markey, D-Mass., would allow the Federal Communications Commission to... Read more

FTC Commissioner Explains Key Data Privacy Issues at AEI Discussion

April 8, 2019 NAMIC attended the American Enterprise Institute's "Perspectives on Data Privacy from the FTC and DOJ" on April 3 that featured speakers from the Federal trade Commission, the Department of Justice, and the private sector. Speakers... Read more

Financial Services Committee Eyes Affordable Housing, Touches on Disparate Impact Rule

April 8, 2019 In recognition of National Fair Housing Month, the House Financial Services Committee convened on April 2 to discuss affordable housing in a hearing titled "The Fair Housing Act: Reviewing Efforts to Eliminate Discrimination and Promote Opportunity in... Read more

Your Car, Your Data Event Examines Protecting Consumer Data in Automobiles

April 8, 2019 NAMIC attended a discussion April 4 hosted by the Auto Care Association as part of its Your Car, Your Data initiative, during which speakers addressed the question "How the Connected Car Impacts Consumer Choice." Appearing at the event... Read more

Maryland: General Assembly Enters Final Weekend of Session With Numerous Insurance Bills Still in Play

April 4, 2019 The Maryland General Assembly adjourns its 2019 legislative session at midnight on April 8. Entering the last weekend of the regular legislative session, a number of bills impacting insurers are still alive, while others died in the final weeks... Read more

Alaska: NAMIC Submits Testimony Supporting State Residential Building Codes Bill

April 4, 2019 NAMIC has submitted written testimony to the House Committee on Community and Regional Affairs in support of HB 76, Residential Building Codes... Read more

Colorado: NAMIC Submits Comments on Auto Insurance Consumer Protections/Consumer Notice Proposed Regulation

April 4, 2019 NAMIC has submitted written comments to the Colorado Division of Insurance on its proposed amended regulation 5-2-12, Concerning Automobile Insurance Protections... Read more

Washington: NAMIC-Supported Motorcycle Liability Coverage Bill Passes Out of Committee

April 4, 2019 NAMIC-supported HB 1014, Motorcycle Liability Insurance Coverage, has passed out of the Senate Committee on Financial Institutions, Economic Development & Trade. The bill has now been referred to the Senate Rules Committee for a second... Read more

Oregon: NAMIC-Opposed Bill Banning Use of CBIS in Auto Insurance Dies

April 4, 2019 NAMIC is pleased to inform its members that SB 487, which would prohibit insurers from using credit history or insurance score to decline coverage, rerate, or otherwise determine eligibility for motor vehicle insurance, has failed to be scheduled for... Read more

Montana: Drone Use Restriction Bill Dies

April 4, 2019 NAMIC-opposed drones use restrictions bill, HB 655, has died in the House on a 54-46 vote. The legislation, as introduced, would have adversely impacted insurer use of drones for reasonable business activities designed to streamline and economize the... Read more

Hawaii: NAMIC-Supported Bill Reforming Insurer’s Annual Consumer Privacy Notice Passes Out of Committee

April 4, 2019 NAMIC-supported HB 273, Privacy Notice for Insurers, has passed out of the Senate Commerce, Consumer Protection, and Health Committee... Read more

Florida: PIP Repeal Moving

April 4, 2019 Despite dissenting Republican votes, Florida Republican Sen. Tom Lee's auto no-fault/PIP repeal, SB 1052, was approved by the Senate Banking and Insurance Committee Apr. 1. The bill would repeal PIP and replace it with mandatory 25/50 bodily injury... Read more

North Carolina: NAMIC-Supported ‘Storm Scammer’ Bill Introduced

April 4, 2019 North Carolina SB 576, NAMIC-supported legislation to address "storm scammers," was introduced April 3. Similar legislation has passed the House twice in the past but has been stymied in the Senate, so the hope is that by starting in the Senate this... Read more

Washington: Bill to Increase Insurer Premium Tax Introduced

April 2, 2019 SB 5996, Funding fire prevention and suppression activities, has been introduced and referred to the Senate Ways and Means Committee. A hearing has yet to be scheduled. Although the proposed legislation is being politically pitched as a fire... Read more

South Carolina: NAMIC Resiliency Week Resolution Introduced

April 2, 2019 State Sen. Thomas Alexander filed NAMIC’s Resiliency Week Resolution as SB 711 on March 27, following adoption by the National Council of Insurance Legislators at its most recent meeting. A House version of the resolution is expected to be introduced... Read more

Colorado: NAMIC-Opposed Insurance Policy Coverage Limits Disclosure Bill Introduced

April 1, 2019 The trial bar has introduced HB 1283, which has been assigned to the House Judiciary Committee for a public hearing. The legislation would require an insurer that provides or may provide liability insurance coverage to pay all or a portion of a... Read more

Hawaii: NAMIC-Opposed OEM Auto Repair Parts Consumer Notice Bill Passes Out of Committee

April 1, 2019 The House Committee on Finance passed, unamended, SB 823, SD 1, HD 2 on a 14-0 vote. The bill states: An insurer shall clearly make available a choice to the insured, at the time the insurer offers new or renewal motor vehicle policy coverage, of... Read more

Montana: NAMIC-Opposed Automated Driving Systems Bill Dies

April 1, 2019 HB 304, Liability Requirements for Smart Cars, has been tabled by the Senate Judiciary Committee and is now dead for the session. The legislation stated that, “the operator of a vehicle using a driving automation system is liable for all damage to... Read more

Nevada: Construction Defect Litigation Bill Introduced

April 1, 2019 AB 421, Construction Defects, has been introduced and assigned to the Assembly Judiciary Committee for a public hearing. The legislation would... Read more

Oregon: Bad Faith/Second Lawsuit, UTPA Bills Miss Legislative Procedural Deadline

April 1, 2019 NAMIC-opposed HB 2421 and SB 728 have missed a key legislative procedural deadline for posting of committee work sessions, so the bills are dead for the session. However, substantive language within these bills maybe revived by amending the language... Read more

Mississippi: Session Ends Early

April 1, 2019 The Mississippi Legislature recessed March 29 sine die to end the 2019 session a full week ahead of schedule. Conferees met throughout the week of March 25 to finalize bills in conference, and both the House and Senate saw a great deal of floor... Read more

NAMIC Sends Letter Opposing Tlaib Bill

April 1, 2019 NAMIC sent a letter on March 25 to House Financial Services Committee Chairwoman Maxine Waters and ranking member Patrick McHenry in opposition to Rep. Rashida Tlaib’s bill banning the use of credit information in auto policy underwriting. The bill... Read more

TRIA Data Call Update

April 1, 2019 The Department of Treasury announced the week of March 25 that the Office of Management and Budget has approved the collection forms for the 2019 Terrorism Risk Insurance Program Data Call, and the collection site, managed by ISO again, will be ready... Read more

HFSC Subcommittee Hearing on Disaster Recovery Funds

April 1, 2019 The House Financial Services Committee’s Subcommittee on Oversight and Investigations convened March 26 for a hearing titled “The Administration of Disaster Recovery Funds in the Wake of Hurricanes Harvey, Irma, and Maria,” which included a variety of... Read more

Financial Services Committee Markup Includes Marijuana Banking Bill

April 1, 2019 The House Financial Services Committee discussed on March 27 H.R. 1595, the SAFE Banking Act, for nearly seven hours in the committee’s second day of a three-day markup. The SAFE Banking Act, introduced by Rep. Ed Perlmutter, D-Colo., passed through... Read more

NAMIC’s Congressional Contact Program Enters Into Its 34th Year

April 1, 2019 NAMIC’s Congressional Contact Program officially kicks off its 34th year April 3-4 when NAMIC member companies from Illinois, Michigan, and North Dakota will be coming to Washington, D.C., to meet with their federal legislators. Last year, through... Read more

Senate Commerce Examines Impact of Federal Privacy Bill

April 1, 2019 The Senate Commerce Subcommittee on Manufacturing, Trade, and Consumer Protection held a hearing on March 26 titled “Small Business Perspectives on a Federal Data Privacy Framework.” The subcommittee Chairman Jerry Moran, R-Kan., and ranking member... Read more

NAMIC is Briefed by FEMA on New Plan to Match NFIP Rates With Risk

April 1, 2019 NAMIC attended a briefing on March 28 where senior Federal Emergency Management Agency officials provided more details following the formal announcement of Risk Rating 2.0 in earlier in the month. Risk Rating 2.0 is a new plan that will tie... Read more

Member of Financial Services Committee Introduces Bill to Abolish FIO

April 1, 2019 Rep. Alex Mooney, R-W.Va., member of the House Financial Services Committee, introduced legislation on March 25 to abolish the Federal Insurance Office. The committee has jurisdiction over the... The bill, H.R. 1862, the Federal Insurance Office... Read more

NAMIC PAC Breaks Monthly Fundraising Record

April 1, 2019 NAMIC PAC is excited to announce that $87,000 was raised during March thanks to NAMIC members. It is important to note, this is the largest amount raised in one month in the PAC’s history. NAMIC members’ commitment to the PAC is vital to ensuring... Read more

Florida: AOB Reform Heads to House Floor; Scooter Bills Begin to Move

March 28, 2019 In Florida assignment of benefits reform news, NAMIC-supported legislation addressing assignment agreements passed its final House committee on March 28. HB 7065 now heads to the House floor. As prior reports have noted, differences between the... Read more

Financial & Regulatory Brief: In the States

March 28, 2019 In March, three states – Arkansas, Mississippi, and South Carolina – adopted the NAIC Corporate Governance Annual Disclosure Model Act, and six others – Alabama, Alaska, Georgia, Minnesota, North Carolina, and Texas – introduced new legislation. Read more

Financial & Regulatory Brief: At the NAIC

March 28, 2019 There was a lot of activity in March regarding the development of the group capital calculation. The GCC Working Group held three conference calls in anticipation that the field-testing documents to be used by volunteers and regulators could be adopted... Read more

Financial & Regulatory Brief: In the Nation

March 28, 2019 The Financial Stability Oversight Council proposed changes to how non-banks can be designated systemically important financial institutions and called for emphasizing an activities-based approach. NAMIC has advocated for an ABA approach in the past... Read more

New Jersey: Child Victim Act Awaits Governor, Senate Passes Bill Restricting Credit, Education, Occupation

March 28, 2019 Two noteworthy actions were taken on March 25 in the New Jersey Legislature. The Assembly voted overwhelmingly to revise its law to remove/revise the statute of limitations in certain abuse cases. The Senate had already voted to approve Senate Bill... Read more

Oregon: NAMIC Submits Testimony Supporting Auto Insurance Driver Exclusion Bill

March 28, 2019 NAMIC has submitted written testimony to the House Business and Labor Committee supporting HB 3131, Motor Vehicle Liability Insurance Policy Exclusion. HB 3131 states: A person may be excluded from coverage under a motor vehicle liability insurance... Read more

Hawaii: NAMIC Submits Testimony Opposing OEM Auto Repair Parts Consumer Notice Bill

March 28, 2019 NAMIC has submitted written testimony to the House Committee on Finance opposing SB 823, SD 1, HD 2. The bill states: An insurer shall clearly make available a choice to the insured, at the time the insurer offers new or renewal motor vehicle policy... Read more

Montana: NAMIC-Supported Rescission of Insuring Agreement for Insurance Fraud Bill Tabled

March 28, 2019 The House Business and Labor Committee has tabled SB 240, Rescission of Insurance Contracts, which means that it is most likely dead for the session. The legislation would allow and insurer to rescind an insuring agreement upon learning that the... Read more

Nevada: NAMIC-Opposed Bill Allowing Plaintiffs to Void Settlement Agreements Introduced

March 28, 2019 SB 435, Releases of Liability, has been introduced and assigned to the Senate Committee on Judiciary for a public hearing. The legislation provides that a release of liability relating to the personal injury of a releasor may be voided by the... Read more

California: NAMIC Joins Trade Allies in Supporting Graduated Driver’s License Bill

March 28, 2019 NAMIC has joined the other trades in submitting written testimony in support AB 1267, Driver’s Licenses: Instruction Permits and Provisional Licenses, which is scheduled for public hearing on April 1 in the Assembly Transportation Committee. The bill... Read more

SPECIAL REPORT | NCOIL Spring Meeting

March 26, 2019 The National Council of Insurance Legislators met in Nashville March 15-17 for its 2019 spring meeting, where 44 state legislators from 22 states came together to contemplate many issues of importance to NAMIC members. The NAMIC advocacy team was on... Read more

NAMIC Releases TRIA White Paper

March 26, 2019 NAMIC released “Understanding the Terrorism Risk Insurance Program” March 26, its first public policy issue analysis of the year. The analysis provides a comprehensive overview of the structure of the TRIA program, why it is necessary, and what would... Read more

Mississippi: Data Security Act Passes; Legislature Ready to Adjourn Early

March 26, 2019 The fast pace of the Mississippi General Assembly will likely culminate in an early adjournment on or before March 29. Many bills are now in conference committee, passed by the House and Senate, or signed by the governor. Read more

Florida: Distracted Driving Bill Keeps Moving; PIP Repeal Approved by First Committee

March 26, 2019 NAMIC-supported legislation to make texting while driving a primary offense received a favorable report March 25 from the Senate Judiciary Committee. SB 76 was amended with language limiting the bill’s scope to making texting while driving a primary... Read more

California: NAMIC-Supported Privacy Protection Bill Scheduled for Committee Hearing

March 26, 2019 NAMIC, in conjunction with its state advocacy partners, the Personal Insurance Federation of California and Pacific Association of Domestic Insurance Companies, have signed onto a fact sheet in support of AB 981, Insurance Information and... Read more

Arkansas: NAMIC-Supported Bill Clears Senate Unanimously

March 26, 2019 The Arkansas Senate voted unanimously March 25 to pass SB 291, which would allow insurers to internally transfer insurance policies from one affiliate insurance company to another without the need of sending the policyholder a notice of cancellation. Read more

Alabama: Session Resumes After Hitting ‘Pause’ for Governor’s Gas Tax

March 26, 2019 Alabama’s 2019 legislative session hit “pause” as soon as it began on March 5, with the governor calling for a special session to address a gas tax proposal during her State of the State address. Despite the scheduling change, the Alabama... Read more

Texas: NAMIC Weighs In on Various Civil Justice Reform Measures

March 25, 2019 NAMIC provided guidance March 23 to members of the Texas House Judiciary and Civil Jurisprudence Committee on three bills set for hearing on March 25. HB 1693 is an attempt to curb attacks on the “paid or incurred” legislation successfully passed by... Read more

Montana: NAMIC Submits Testimony Opposing Liability Provision in Automated Driving Systems Bill

March 25, 2019 NAMIC has submitted written testimony to the Senate Judiciary Committee in opposition to HB 304, Liability Requirements for Smart Cars. The proposed legislation states that “the operator of a vehicle using a driving automation system is liable for... Read more

Nevada: Nevada Submits Testimony Opposing Salvage Vehicle Bill

March 25, 2019 NAMIC has submitted written testimony to the Senate Committee on Growth and Infrastructure in opposition to SB 22, Salvage Vehicles. The legislation would revise the definition of “salvage vehicle” to remove a motor vehicle that has... Read more

Hawaii: NAMIC-Supported Counterfeit Airbag Fraud Bill Passes Out of House

March 25, 2019 NAMIC-supported HB 253, HD2, Counterfeit Airbag Fraud, has passed out of the House but has been sitting in the Senate for past two weeks awaiting a committee hearing. The legislation makes the intentional or knowing manufacture, import, installation... Read more

Financial Services Committee to Hold Markup on Cannabis Banking Bill, Among Others

March 25, 2019 The House Financial Services Committee will meet March 26 to debate and vote on four measures aimed primarily at the banking industry. At the meeting, committee members will consider the following bills... Read more

White House Holding Report on Automobile Tariffs

March 25, 2019 The Commerce Department continues to hold its findings on whether automotive imports threaten national security, resisting repeated calls from Sen. Chuck Grassley, R-Iowa, the chairman of the Senate Finance Committee, and other lawmakers to provide... Read more

Energy and Commerce Seeks Answers From FTC on Privacy

March 25, 2019 Rep. Frank Pallone, D-N.J., chairman of the House Energy and Commerce Committee, and Rep. Jean Schakowsky, D-Ill., chair of the Subcommittee on Consumer Protection and Commerce, are seeking answers from the Federal Trade Commission chairman regarding... Read more

Senate Panel Eyes Small-Business Privacy Concerns

March 25, 2019 The Senate Commerce Subcommittee on Manufacturing, Trade, and Consumer Protection will hold a hearing March 26 titled “Small Business Perspectives on a Federal Data Privacy Framework.” Witnesses include representatives from The National Association of... Read more

Financial Services Subcommittee Discusses Disaster Recovery Funds After Harvey, Irma, Maria

March 25, 2019 The House Financial Services Committee’s Subcommittee on Oversight and Investigations will meet March 26 to examine how the Department of Housing and Urban Development is administering disaster recovery funds in the aftermath of recent hurricanes. Read more

NAMIC Applauds FEMA’s Release of Plan to Tie NFIP Rates to Actual Flood Risk

March 25, 2019 NAMIC welcomed the March 18 unveiling of Risk Rating 2.0, a new plan that will tie NFIP premiums to actual flood risk starting in October 2020, by the Federal Emergency Management Agency, noting that the change would make the National Flood Insurance... Read more

North Dakota: Governor Signs NAMIC-Endorsed Ali Restatement Bill

March 22, 2019 Gov. Doug Burgum on March 21 signed into law HB 1142. The bill, which NAMIC strongly supported, passed without a dissenting vote in both the committee process and on the floor of the House and Senate. HB 1142 was introduced in response to the... Read more

Mississippi: NAIC Cybersecurity Model Ready for Governor’s Desk

March 21, 2019 The Mississippi Senate on March 20 concurred in House amendments to SB 2831. The bill adheres closely to the NAIC Cybersecurity Model Act but also incorporates language sought by NAMIC during the NAIC model development process that was not included at... Read more

Florida: House AOB Reform Moves Out of Second Committee Stop

March 21, 2019 The House assignment of benefits reform bill, HB 7065, was approved March 19 by the House Insurance and Banking Subcommittee, marking its second stop in that chamber. NAMIC and others were there to support the measure. Despite the number of speakers... Read more

Washington: NAMIC Submits Testimony Supporting Motorcycle Liability Coverage Bill

March 21, 2019 NAMIC has submitted written testimony to the Senate Committee on Transportation in support of HB 1014, Motorcycle Liability Insurance Coverage. The legislation removes the current statutory exemption for motorcycles from the financial responsibility... Read more

Oregon: NAMIC-Opposed Bill Removing Noneconomic Damages Cap Passes Out of Committee

March 21, 2019 NAMIC-opposed HB 2014 has passed out of the House Judiciary Committee. NAMIC’s state advocacy partner, the Oregon Liability Reform Coalition, is working on securing an amendment that would reduce the scope of the bill to only civil claims arising out... Read more

Hawaii: NAMIC Submits Testimony Opposing Third Version of OEM Auto Repair Parts Requirements Bill

March 21, 2019 NAMIC has submitted written testimony to the House Committee on Consumer Protection and Commerce, opposing SB 823, SD 1, HD 1. Although this amended version of the bill is by far the least problematic draft, NAMIC still expressed concerns with this... Read more

Colorado: DOI Schedules Rulemaking on Proposed Amended Regulation on Auto Insurance Consumer Protections/Consumer Notice

March 21, 2019 The Colorado Division of Insurance has scheduled a formal rulemaking on its proposed amendments to Regulation 5-2-12 “Concerning Automobile Insurance Protections.” The formal rulemaking hearing is scheduled for April 1. The proposed amended... Read more

Montana: NAMIC-Opposed Mandatory Driver Safety Education Course Rating Discount Bill Passes Senate

March 21, 2019 NAMIC-opposed HB 382, Required Discount for Diver Safety School, has now passed out of both chambers and will soon be sent to Gov. Steve Bullock for his signature. The legislation would extend the mandatory driver safety education insurance discount... Read more

NAIC May Continue to Study Operational Risk in Effort to Validate Capital Charge

March 19, 2019 A referral issued Feb. 26 by the chair of the NAIC’s Operational Risk (E) Subgroup recommends that other NAIC working groups study and develop regulatory knowledge in the area of operational risk. The referral indicates that regulators could benefit... Read more

Florida: AOB Reform Continues to Move

March 19, 2019 The Florida Senate Judiciary Committee’s amendment and approval of SB 122, Sen. Doug Broxson’s AOB reform legislation, met with overwhelming support on March 18, clearing the committee on a 5-1 vote. However, it was a contentious hearing, with... Read more

Colorado: NAMIC-Supported Distracted Driver Bill Has Passes Out of Senate

March 19, 2019 SB 12, Use of mobile electronic devices, has passed out of Senate on a 26-9 vote. Current law prohibits the use of wireless telephones while driving for individuals who are younger than 18 years of age. The introduced version of the legislation would... Read more

Arkansas: NAMIC Provides Testimony on Four Bills During Busy Senate Hearing

March 19, 2019 NAMIC provided written testimony March 18 supporting four bills of importance to its membership before the Senate Insurance and Commerce Committee. Chairman Jason Rapert, NAMIC’s 2017 Legislator of the Year, sponsors all four bills. SB 291 would... Read more

Oregon: NAMIC Joins Industry in Disseminating Fact Sheet Opposing Private Attorney General Lawsuits

March 18, 2019 NAMIC has joined its tort-reform state advocacy partner, the Oregon Liability Reform Coalition, in opposing SB 750, Relating to Public Enforcement Actions. The legislation would allow a private party to bring a civil action in the name of the state to... Read more

Hawaii: NAMIC Submits Testimony Supporting Reform to Insurer’s Annual Consumer Privacy Notice Requirements

March 18, 2019 NAMIC has submitted written testimony on HB 273, Privacy Notice for Insurers, to the Senate Commerce, Consumer Protection, and Health Committee. The legislation states: A licensee shall not be required to provide an annual notice to a customer... Read more

California: NAMIC-Supported Distracted Driving Bill Passes Out of Committee

March 18, 2019 AB 47, a distracted driving motor vehicle driving license points bill, has passed out of the Assembly Transportation Committee and has been scheduled for a hearing on March 20 in the Assembly Appropriations Committee. The legislation is intended to... Read more

Montana: NAMIC Submits Testimony Supporting Rescission of Insuring Agreement for Insurance Fraud Bill

March 18, 2019 NAMIC has submitted written testimony to the House Business and Labor Committee in support of SB 240, Rescission of Insurance Contracts. The legislation would allow an insurer to rescind an insuring agreement upon learning that the policyholder had... Read more

Alaska: NAMIC to Support Residential Building Codes Bill

March 18, 2019 HB 76, an act relating to a state residential code, the Alaska Housing Finance Corporation, and municipal building codes, has been introduced and assigned to the House Committee on Community and Regional Affairs, and the House Committee on Labor and... Read more

Washington: One Wrongful Death Bill Down, One to Go in Legislative Session

March 18, 2019 NAMIC-opposed anti-tort-reform legislation on wrongful death causes of action has died in the House Rules Committee. Unfortunately, SB 5163, which passed out of the Senate on a 30-17-0-2 vote is up for hearing on March 19 in the House Civil Rights and... Read more

FEMA to Unveil Plan to Modernize NFIP Rates

March 18, 2019 The Federal Emergency Management Agency is expected to unveil a new plan March 18 intended to modernize the NFIP rating system that has not been updated since the 1970s. Under the new plan, called Risk Rating 2.0, FEMA will make a number of major... Read more

Legislation Banning Use of Credit Information Introduced in House

March 18, 2019 Prior to lawmakers leaving Washington for a week-long recess, Rep. Rashida Tlaib, D-Mich., introduced legislation to ban the use of consumer credit information in underwriting auto insurance coverage, claiming that doing so discriminates against... Read more

Senate Banking Committee Collects Data Privacy Comments

March 18, 2019 NAMIC sent a letter to the Senate Banking Committee March 15 in response to a request for comments to help inform the committee about potential legislation in the 116th Congress. There is optimism in Washington that a new privacy law could be in place... Read more

NAMIC’s Fight Against HUD’s Disparate Impact Rule Goes On

March 18, 2019 While awaiting the proposed revisions by Department of Housing and Urban Development to the disparate impact rule to be made public following an Office of Information and Regulatory Affairs review, NAMIC has agreed with HUD for the District Court for... Read more

NAMIC Submits Letter to NAIC on TRIA Data Call

March 18, 2019 In a letter submitted March 14 to the National Association of Insurance Commissioners, NAMIC provided feedback on the reduction of the amount of data being requested in the State Property Supplement to the 2019 TRIA Data Call. The letter explains... Read more

House T&I Aviation Subcommittee Eyes Future of Aviation

March 18, 2019 The House Transportation & Infrastructure Subcommittee on Aviation heard from a single panel of witnesses at a March 12 hearing titled “Looking Forward: Aviation 2050.” Testifying before the committee were: Eric Allison, head of elevate... Read more

Senate Banking Committee Explores Role of FSOC

March 18, 2019 The Senate Banking Committee met March 14 to discuss the “Financial Stability Oversight Council (FSOC) Nonbank Designations” and heard from three witnesses: Douglas Holtz-Eakin, president, American Action Forum Paul Schott Stevens, CEO... Read more

CFPB Director Appears Before Senate Banking Committee

March 18, 2019 Consumer Financial Protection Bureau director Kathy Kraninger testified before the Senate Banking Committee on March 12 for the hearing “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” The hearing had a similar feel to a... Read more

DOL Unveils New Overtime Standards

March 18, 2019 The Department of Labor released the text of a proposed rule March 12 that would make more than one million more American workers eligible for overtime. The proposal increases the minimum salary required for an employee to qualify for overtime from... Read more

Trump Reportedly Skeptical of Automated Vehicles

March 18, 2019 President Trump has voiced deep skepticism of automated vehicles, Axios reported March 17, citing sources with knowledge of the president’s personal conversations. The story includes several quotes that show the president’s views on the technology are... Read more

Senate Judiciary Committee Eyes Data Privacy

March 18, 2019 The Senate Judiciary Committee met March 12 to examine data privacy issues at a hearing titled “GDPR and CCPA: Opt-ins, Consumer Control, and the Impact on Competition and Innovation.” The hearing consisted of two panels with representatives from... Read more

House Committee Holds First Hearing on National Flood Insurance Program

March 18, 2019 The House Financial Services Committee held a hearing March 13 to examine draft legislation to reauthorize the National Flood Insurance Program, which is set to expire on May 31. The hearing, titled “Preparing for the Storm: Reauthorization of the... Read more

Tennessee: Session Marches On With Many Insurance Bills Introduced

March 14, 2019 As usual, the Tennessee Legislature has been going about its business in a pretty quiet, measured way since the 2019 session convened in January. NAMIC was a sponsor of the... Read more

Montana: NAMIC Submits Testimony Opposing Mandatory Driver Safety Education Course Rating Discount Bill

March 14, 2019 NAMIC has submitted written testimony to the Senate Business, Labor, and Economic Affairs Committee opposing HB 382, Required Discount for Diver Safety School. The legislation would... Read more

Hawaii: NAMIC Submits Testimony Opposing OEM Auto Repair Parts Requirements Bill

March 14, 2019 NAMIC has submitted written testimony to the House Interstate Commerce Committee, opposing SB 823, SD 1, which, as... Read more

Nevada: NAMIC Submits Testimony Insurance Fraud Penalty Bill

March 14, 2019 NAMIC submitted written testimony to the Assembly Judiciary Committee in support of AB 87, Insurance Fraud Penalty. The legislation would increase the penalty for insurance fraud to a category B... Read more

Oregon: NAMIC-Supported Auto Insurance Driver Exclusion Bill Scheduled for Hearing

March 14, 2019 NAMIC-supported named-driver exclusions bill has been scheduled for a public hearing on March 27 in the House Business and... Read more

Washington: NAMIC-Opposed Fire Fighter Clean-Up Fees Bill Passes, as Amended, Out of House

March 14, 2019 NAMIC-opposed HB 1169, which pertains to reimbursements for certain clean-up or removal actions by fire protection jurisdictions and municipal fires departments, has passed out of... Read more

Mississippi: Early Adjournment Rumors Swirling

March 12, 2019 The Mississippi General Assembly continues its speedy disposition of legislation and has passed yet another hard deadline – March 5 was the deadline for committees to report bills originating in the other... Read more

Georgia: Crossover Deadline Pushes Floor Action Last Week

March 12, 2019 At the Georgia General Assembly, the week of March 4 was filled with floor action to push bills across to the other house by Crossover Day on March 7. Bills that did not clear at least one body before the end of... Read more

Florida: First Week of Session Filled With Plenty of Insurance Issues

March 12, 2019 A major highlight of last week’s official start to the 2019 Florida legislative session was movement on House and Senate AOB reform bills, but there was plenty of activity on other issues of importance to... Read more

Colorado: NAMIC Submits Testimony Opposing Bill to Increase Damages Caps

March 12, 2019 NAMIC has submitted written testimony to the House Committee on Judiciary in opposition to SB 109, Concerning Adjustments to Limitations on Damages. The legislation would increase the... Read more

Texas: NAMIC Supports Major Disaster Mitigation Legislation

March 12, 2019 NAMIC provided support on March 11 for four major disaster mitigation bills filed in the wake of Hurricane... Read more

Texas: NAMIC Provides Testimony on Legislation Encouraging Consumer-Friendly Policy Summaries, Translations

March 12, 2019 NAMIC provided on March 11 written testimony in support of HB 1554 and HB 1555. HB 1554 would effectively create a safe harbor for those companies wishing to provide customers with... Read more

California: NAMIC Joins Industry in Submitting Testimony Supporting Distracted Driving Motor Vehicle Driving License Points Bill

March 12, 2019 NAMIC has joined the other state and national trades in submitting written testimony to the Assembly Transportation Committee in support of a distracted driving motor vehicle... Read more

Oregon: FEEDBACK REQUESTED on PIP Coverage Bill

March 12, 2019 Rep. Paul Holvey has introduced HB 3220, Private Passenger Motor Vehicle Definition, which has been assigned to the House Business and Labor Committee. No public hearing has been scheduled... Read more

Washington: Smoke Detector Underwriting Bill Passes Out of Senate With Industry Amendment

March 12, 2019 SB 5284, an act relating to smoke detection devices, has passed out of the Senate after being amended to remove a concerning underwriting requirement for... Read more

Montana: NAMIC-Opposed Bill Requiring Insurers to Pay for OEM Parts Dies

March 12, 2019 NAMIC-opposed HB 252, OEM Parts, has died for the session as a result of missing a procedural deadline. The proposed legislation was rife with concerning... Read more

Hawaii: NAMIC-Opposed Workers’ Comp Cannabis Coverage Bills Dead for Session

March 12, 2019 NAMIC-opposed SB 1523 and companion bill HB 1534 have died at a procedural deadline without passing out of committee. The proposed legislation would have... Read more

Texas: NAMIC Supports Legislation Aimed at Encouraging Citizens to Become Certified in CPR

March 12, 2019 NAMIC filed written testimony on March 7 ahead of a hearing on HB 1078, which would allow people with current certification in cardiopulmonary resuscitation to obtain or renew their driver’s licenses... Read more

Idaho: NAMIC-Opposed UIM ‘Excess Coverage’ Bill Introduced

March 12, 2019 NAMIC-opposed HB 247, which would change the current underinsured motorist law to a costly “excess coverage,” has been introduced and assigned to the... Read more

Chamber of Commerce Releases Paper on Insurance Industry Impact on Infrastructure Investment

March 11, 2019 The U.S. Chamber of Commerce hosted a panel discussion for insurance stakeholders on March 5 following the release of its paper titled “The Role of Insurance Investments in the U.S. Economy,” focusing on how insurance companies contribute... Read more

Senate Judiciary Set for Data Privacy Hearing

March 11, 2019 The Senate Judiciary Committee will hold a hearing March 12 titled “GDPR and CCPA: Opt-ins, Consumer Control, and the Impact on Competition and Innovation.” The witnesses have not been announced... Read more

Senate Committee Evaluates Infrastructure Opportunities and Road Blocks

March 11, 2019 Infrastructure issues were brought up for discussion during a hearing of the Senate Committee on Environment and Public Works titled... Read more

Ways and Means Committee Examines National Infrastructure

March 11, 2019 The House Ways and Means Committee held a hearing titled “Our Nation’s Crumbling Infrastructure and the Need for Immediate Action” March 7 that included two panels of witnesses. Overall, the hearing was similar to other infrastructure hearings... Read more

House Committee Grills CFPB Director

March 11, 2019 The newly appointed Consumer Protection Financial Bureau director, Kathy Kraninger, appeared before the House Financial Services Committee March 7 for a hearing titled... Read more

NAMIC PAC to Welcome Members During CEO Roundtables

March 11, 2019 NAMIC PAC will be hosting two receptions during the CEO Roundtables Conference in Orlando on March 25. The NAMIC PAC Appreciation Reception will be held 4:30 p.m.-6:30 p.m. with exclusive cocktails, hors d’oeuvres, and... Read more

Senate Homeland Security Committee Examines Data Breaches

March 11, 2019 The Senate Homeland Security Subcommittee on Investigations held a hearing March 7 titled “Examining Private Sector... Read more

NAMIC Fight Against HUD’s Disparate Impact Rule Goes On

March 11, 2019 There is yet another status conference on March 15 in the District Court of the District of Columbia on NAMIC’s judicial challenge to the Department of Housing and Urban Development’s disparate impact rule, and HUD will again move for... Read more

House Financial Services Committee Releases NFIP Bills Ahead of Hearing

March 11, 2019 The House Financial Services Committee will hold a hearing March 13 to examine legislation that would reauthorize the National Flood Insurance... Read more

Florida: AOB Reform Bills Now Moving in House, Senate; Governor Calls AOB a ‘Racket’

March 7, 2019 During his first State of the State address on March 5, Gov. Ron DeSantis mentioned assignment of benefits abuse and called on the Legislature to address the problem, saying it ... Read more

Washington: NAMIC-Opposed Wrongful Death Bills Continue to Move, Cost Impact Study Done by Opposition Coalition

March 7, 2019 NAMIC-opposed trial-bar-sponsored anti-tort reform legislation on wrongful death causes of action – HB 1135 and SB 5163 – continue to move through the Legislature. SSB 5163, the first substitute bill, has... Read more

Montana: NAMIC-Opposed Bill to Change UM/UIM Offer of Coverage Requirements Dead for Session

March 7, 2019 HB 141, UIM Coverage Mandatory Offer, which NAMIC has been actively opposing, is now procedurally dead... Read more

Illinois: Bill Creating Tort Employer Liability for Some Occupational Injuries Flies Through Senate

March 7, 2019 The Illinois Senate on March 6 voted 41-16 to adopt SB 1596, which will allow civil lawsuits for on the job injuries or death from an occupational disease such as asbestosis when the... Read more

Hawaii: NAMIC-Opposed Auto Repair Parts Requirements Bill Amended, Passed to House

March 7, 2019 The Senate Commerce, Consumer Protection and Health Committee amended SB 823 before passing on a 24-0-1 vote. The bill will now be scheduled for a... Read more

California: FEEDBACK REQUESTED on Special Investigative Unit Proposed Regulations

March 7, 2019 The California Department of Insurance will conduct a pre-notice public discussion regarding contemplated changes to California Code of Regulations, Title 10, Chapter 5, Subchapter 9, Article 2, sections 2698.30, 2698.33, 2698.34... Read more

Oregon: NAMIC Submits Testimony Opposing Bill Limiting Insurer Subrogation Rights for Personal Injury Protection

March 6, 2019 NAMIC has submitted written testimony to the Senate Judiciary Committee opposing SB 421, Motor Vehicle Accident Reimbursement or Subrogation. A public hearing was held on March 5, but a... Read more

Nevada: NAMIC Submits Testimony Opposing Bill Requiring Full Auto Replacement Cost Coverage

March 6, 2019 NAMIC submitted written testimony to the Assembly Commerce and Labor Committee opposing AB 172, Motor Vehicle Insurance Claims Settlements. The bill was originally scheduled for a public hearing... Read more

Colorado: DOI Schedules Rulemaking on Amended Regulation on Auto Insurance Consumer Protections/Consumer Notice

March 6, 2019 The Colorado Division of Insurance has scheduled a formal rulemaking on its proposed amendments to Regulation 5-2-12, Concerning Automobile Insurance... Read more

New Jersey: Senate Committee Expected to Take Up Statute of Limitations Bill

March 5, 2019 The Senate Judiciary Committee on March 7 is expected to consider S-477 / A-3648, a statute of limitations bill. The synopsis of the bill as introduced indicates that it removes the statute of... Read more

Maryland: Problematic Direct Action Bill Advances Out of Committee Despite Strong Industry Opposition

March 5, 2019 The Maryland Senate Committee on Judicial Proceedings on March 1 voted SB 102, direct action against insurers, out of committee. The problematic bill would allow... Read more

Florida: Plenty of Activity Already Underway as Official Start of Legislative Session Arrives

March 5, 2019 March 5 may be opening day for the 2019 Florida General Assembly, but a great deal of legislative activity has been taking place since before... Read more

Texas: NAMIC Provides Testimony Opposing Ban on Named-Driver Policies

March 4, 2019 NAMIC provided written testimony opposing HB 259 that would effectively ban “named-driver” policies – those auto insurance policies that provide coverage for only those household residents named on the... Read more

Maryland: NAMIC Testifies on Territorial Rating, PIP Waiver, Total Loss Value

March 4, 2019 NAMIC provided testimony on Feb. 28 to the Maryland General Assembly on several bills impacting... Read more

Arkansas: NAMIC Supports Records Retention Reform for Market Conduct Exam Documents

March 4, 2019 NAMIC played a leadership role in helping secure the drafting of SB 396. In written testimony filed Feb. 28, NAMIC expressed its support for the bill sponsored by NAMIC 2017 ... Read more

California: NAMIC Joins Industry Coalition Supporting Uniform Electronic Transactions Act Bill

March 4, 2019 NAMIC, in conjunction with its state advocacy partners, the Personal Insurance Federation of California and Pacific Association of Domestic Insurance Companies, has... Read more

Hawaii: NAMIC Submits Testimony Opposing Bill to Erode Statute of Limitations Law

March 4, 2019 NAMIC submitted written testimony to the House Committee on Finance opposing HB 18, HD 1, Child Sexual Abuse Statute of Limitations. Unfortunately, the bill passed out... Read more

Kansas: Senate Passes NAMIC-Endorsed Assignment of Benefits Bill

March 4, 2019 The Kansas Senate on Feb. 27 passed Senate Bill 78 on a vote of 38-1 to protect consumers from the abusive assignment of benefit practices seen in many... Read more

Idaho: NAMIC-Opposed Bill Making Psychological Injury Compensable Under Workers’ Comp Passes House

March 4, 2019 Both legislative chambers have now passed SB 1028, Psychological Injuries Suffered by First Responders Compensable. The bill, which has received strong support in the House and... Read more

Wyoming: 2019 Legislative Session Adjourns Without Passage of NAMIC-Supported Aftermarket Parts Bill

March 4, 2019 The 2019 legislative session adjourned on Feb. 28. NAMIC supported SF 95, has died. The legislation would have fixed problems resulting from the Division of Insurance’s... Read more

Colorado: NAMIC-Supported Distracted Driver Safety Bill Scheduled for Senate Appropriations Hearing

March 4, 2019 SB 12, Use of mobile electronic devices, has been scheduled for a public hearing in the Senate Appropriations... Read more

Legislation on MAO Beneficiary Status Introduced

March 4, 2019 Reps. Ron Kind, D-Wis., and Gus Bilirakis, R-Fla., introduced H.R. 1375, the PAID Act, in the House on Feb. 26. The bill would require Centers for Medicare and Medicaid Services to make... Read more

ULC Model Law Proposal Shifts From Privacy Protection to Drone Protection

March 4, 2019 Model legislation being crafted by the Uniform Law Commission shifted focus from ensuring privacy to protecting drone use during meetings March 1-3... Read more

NAMIC Attends Discussion on Campaign Finance Legislation

March 4, 2019 NAMIC attended a Feb. 26 panel discussion hosted by the U.S. Chamber of Commerce titled... Read more

House T&I Committee Eyes Infrastructure Policy, Climate Change

March 4, 2019 The House Transportation & Infrastructure Committee convened for a four-and-a-half hour hearing Feb. 26 titled “Examining How Federal Infrastructure Policy Could Help Mitigate and Adapt to Climate Change.” The hearing featured... Read more

Fed Chair Pressed on International Insurance Regulation, CECL at HFSC Hearing

March 4, 2019 Federal Reserve Chairman Jerome Powell provided his semiannual testimony on monetary policy to the Senate Banking Committee on Feb. 26 and the House Financial Services Committee in... Read more

Senate Banking Committee Reviews JOBS 3.0 Legislation From 115th Congress

March 4, 2019 The Senate Banking Committee convened for a hearing Feb 28 titled “Legislative Proposals on Capital Formation and Corporate Governance.” Appearing before... Read more

House, Senate Committees Hold First Data Security/Privacy Hearings of the New Congress

March 4, 2019 The House Energy and Commerce Subcommittee on Consumer Protection and Commerce held a hearing Feb. 26 titled “Protecting Consumer Privacy in the Era of Big Data,” and on Feb. 27 the Senate Commerce Committee held a... Read more

House Financial Services Committee Announces Hearings on NFIP, Disaster Recovery

March 4, 2019 House Financial Services Committee Chairwoman Maxine Waters, D-Calif., has announced that the committee will hold hearings in March examining... Read more

Montana: NAMIC-Supported Rescission of Insuring Agreement for Insurance Fraud Bill Passes Out of Senate

March 4, 2019 NAMIC-supported SB 240, Rescission of Insurance Contracts, has passed, as amended, out of the Senate and has been assigned to the House Business and... Read more

Oregon: NAMIC Submits Testimony Opposing Bill to Remove Noneconomic Damages Cap

March 4, 2019 NAMIC has submitted written testimony opposing a bill to remove noneconomic damages cap. HB 2014 is scheduled for public hearing March 5 in the... Read more

Nevada: NAMIC Submits Testimony Supporting Distracted Driving Detection Legislation

March 4, 2019 AB 200 authorizing a police officer at the scene of a traffic crash to use technology to determine if a driver was using a handheld wireless communications device at the time... Read more

Nevada: NAMIC-Opposed Workers’ Comp Bills Introduced

February 28, 2019 Three concerning workers’ compensation bills have been introduced early in the legislative session. NAMIC will be meeting with legislators and testifying against these cost-driver bills that will make the workers’ compensation insurance process more... Read more

Montana: NAMIC-Opposed Mandatory Driver Safety Education Course Rating Discount Bill Passes Out of House

February 28, 2019 NAMIC-opposed HB 382, Required Discount for Diver Safety School, has passed out of the House on a 58-40 vote. It has been referred to the Senate Business, Labor and... Read more

Mississippi: Legislative Activity Continues at Breakneck Pace

February 28, 2019 The Mississippi General Assembly continues its usual breakneck pace as it hurtles toward the next hard deadline – March 5 – for committees to report general bills originating... Read more

Idaho: NAMIC Submits Testimony Opposing Insurance Underwriting Restrictions Bill

February 28, 2019 NAMIC submitted written testimony to the House Business Committee opposing HB 178, Prohibiting an Insurer from Considering Certain Inquiries... Read more

Hawaii: NAMIC Submits Testimony Supporting Counterfeit Airbag Fraud Bill, Legislation Passes Out of Committees

February 28, 2019 NAMIC submitted written testimony on HB 253, HD1, Counterfeit Airbag Fraud, to the House Committee on Consumer Protection and Commerce and the House Committee on... Read more

California: NAMIC Joins Industry Coalition Supporting Bill Clarifying Privacy Protection Requirements for Insurers

February 28, 2019 NAMIC, in conjunction with its state advocacy partners, the Personal Insurance Federation of California and Pacific Association of Domestic Insurance Companies, has signed onto... Read more

Washington: Premium Tax Bill Amended to Address Insurance Industry Concerns

February 28, 2019 SB 5858, Concerning funding and uses of the military department active state service account, was amended to address insurance industry concerns in the Senate Committee on Financial Institutions, Economic... Read more

Georgia: General Assembly Crossover Day Looms

February 28, 2019 NAMIC was back in Atlanta Feb. 18-20 to visit with new Insurance Commissioner Jim Beck as part of a delegation from the state trade, the Georgia Association of Property Casualty Insurance Companies. In addition, NAMIC participated... Read more

Colorado: Senate Passes Peer-to-Peer Vehicle Sharing Bill as Amended

February 28, 2019 SB 90, Peer-to-Peer Vehicle Sharing, has passed, as amended, out of the Senate after extensive insurance industry, vehicle-sharing coalition, and trial-bar negotiations on amendments to make sure the bill... Read more

NAIC: Group Capital Calculation Field-Testing Delayed Until Mid-Spring

February 27, 2019 A memo issued on Feb. 22 by the chair of the Group Capital Calculation Working Group indicated that field-testing for the GCC scheduled to start March 1 would be delayed until at least mid-spring. The memo also calls for... Read more

Wyoming: NAMIC-Supported Motor Vehicle Titling Bill is Moving Forward Through Legislature

February 27, 2019 NAMIC-supported HB 15, Motor vehicles-titles and bills of sale, has passed out of the Senate, as amended and has been referred back to the House... Read more

South Carolina: NAMIC Testifies Against Rental Car Bill

February 26, 2019 NAMIC appeared before a South Carolina Senate Transportation Subcommittee Feb. 21 to testify against SB 473, which would change liability insurance for rental cars from primary to secondary... Read more

Utah: NAMIC Provides Testimony Opposing Strict Liability Bill for Firearm Ownership

February 26, 2019 NAMIC provided written testimony Feb. 25 on HB 190, which would create strict liability for firearms owners under certain circumstances... Read more

Oklahoma: NAMIC Opposes Legislation Doubling Financial Responsibility Limits

February 26, 2019 NAMIC provided written testimony Feb. 25 opposing HB 2413, which would double the state’s minimum financial responsibility limits, raising it to $50,000 per person and... Read more

Alaska: FEEDBACK REQUESTED on Homeowners’ Insurance Nonrenewal Draft Legislation

February 26, 2019 Sen. Tom Begich has requested industry feedback on a draft bill on homeowner’s insurance nonrenewals. The legislation... Read more

Idaho: NAMIC Submits Testimony Opposing Insurance Claims Loss/Inquiry Underwriting Restrictions Bill

February 26, 2019 NAMIC submitted written testimony to the House Business Committee opposing HB 119, Prohibiting an Insurer from Considering Certain Inquiries... Read more

Nevada: NAMIC-Supported Distracted Driving Legislation Introduced

February 26, 2019 The Assembly Judiciary Committee will hold a public hearing March 1 on NAMIC-supported distracted driving bill... Read more

Montana: NAMIC Submits Testimony Supporting Rescission of Insuring Agreement for Insurance Fraud Bill

February 26, 2019 NAMIC has submitted written testimony to the Senate Business, Labor and Economic Affairs Committee in support of SB 240, Rescission of Insurance Contracts... Read more

Washington: NAMIC-Opposed Examinations Under Oath Bill Dies

February 26, 2019 SB 5703, Examinations under oath when a person claims a loss under an insurance contract has died in the Senate Committee on Financial Institutions, Economic Development and Trade... Read more

Hawaii: NAMIC Submits Testimony Opposing Auto Repair Parts Requirements Bill

February 26, 2019 NAMIC has submitted written testimony to the Senate Commerce, Consumer Protection and Health Committee, opposing SB 823, which would require insurers to provide a choice to the insured consumer of authorizing a repair provider to utilize a... Read more

Terrorism Insurance Implementation Working Group Members Data Call Update

February 25, 2019 NAMIC has already begun the Terrorism Risk Insurance Program education campaign on Capitol Hill and will continue to work with all stakeholders to ensure the program remains in place to provide for a robust and... Read more

NAMIC Pens Joint Trades Letter to Treasury and IRS on Base Erosion and Anti-Abuse Tax

February 25, 2019 NAMIC and the American Property Casualty Insurance Association submitted a letter to key Treasury and IRS officials Feb. 19 regarding the base erosion and anti-abuse tax, also known as the... Read more

Senate Banking Committee Eyes JOBS 3.0 Bills

February 25, 2019 The Senate Banking Committee will meet Feb. 28 for a hearing titled “Legislative Proposals on Capital Formation and Corporate Governance... Read more

ALI Held a Restatement Program – at the Courthouse and Hosted by Federal Judges

February 25, 2019 The American Law Institute hosted a free lunch and Continuing Legal Education credit program on how the controversial Restatement of the Law of Liability Insurance “will be helpful to courts and lawyers”... Read more

NAMIC Meets with White House Officials to Discuss HUD Rule

February 25, 2019 NAMIC met with the Office of Information and Regulatory Affairs within the Office of Management and Budget at the White House to provide its views on... Read more

NAMIC PAC Shows Results in Annual Report

February 25, 2019 The issues impacting the property/casualty insurance industry – and your company – are ever-present in the nation’s capital and state houses. Moreover, with hundreds of new state legislators and at least 11 new regulators elected to office... Read more

House and Senate Committees Hold Data Security/Privacy Hearings

February 25, 2019 The House Energy and Commerce Committee and Senate Commerce Committee will each hold hearings on data security/privacy the week of Feb. 25... Read more

NAMIC Urges Congress, Administration to Protect Crop Insurance in Budget Process

February 25, 2019 NAMIC was a signatory on letters sent Feb. 19 urging the Trump administration and Congress to recognize the importance of crop insurance to farmers, lenders, and all of rural America, and to oppose... Read more

Nevada: NAMIC-Opposed OEM Parts Bill Introduced

February 22, 2019 AB 173, Relating to Repair of Motor Vehicles, has been introduced and assigned to the Assembly Committee on Commerce and Labor for a public hearing... Read more

Hawaii: NAMIC Submits Testimony Supporting Annual Consumer Privacy Notice Reform

February 22, 2019 NAMIC has submitted written testimony on HB 273, Privacy Notice for Insurers, to the House Committee on Consumer Protection and Commerce and the House Committee on... Read more

Colorado: DOI Issues Third Proposed Amended Draft Regulation on Auto Consumer Protections/Consumer Notice

February 22, 2019 The Colorado Division of Insurance has disseminated a third draft of its proposed amendments to Regulation 5-2-12 “Concerning Automobile Insurance Protections”. According to the DOI, the third draft will be the one used in the... Read more

Idaho: NAMIC-Supported Distracted Driving Legislation Dies

February 21, 2019 SB 1064, a pro-motorist safety distracted driving prohibition bill, which passed out of the Senate Transportation Committee, has died on third reading in the Senate on a 15-18-2 vote... Read more

Montana: NAMIC Submits Testimony Opposing Mandatory Driver Safety Education Course Rating Discount Bill

February 21, 2019 NAMIC has submitted written testimony on HB 382, Required Discount for Diver Safety School, to the House Business and Labor Committee... Read more

Wyoming: Construction Liability Indemnity Bill is Dead

February 21, 2019 HB 94, Construction Contracts – Indemnity Provisions, is dead for session, without securing a committee hearing... Read more

Washington: NAMIC-Opposed Bill Increasing Small Claims Court Jurisdiction Passes Out of Committee

February 21, 2019 SSB 5621, Concerning Small Claims Court, has passed out of the Senate Judiciary Committee. The bill would double the monetary threshold for small claims court case from $5,000 to $10,000... Read more

Oregon: NAMIC Joins Coalition Opposing Noneconomic Damages Cap Bills

February 21, 2019 NAMIC has joined the Oregon Liability Reform Coalition in opposing trial-bar-sponsored noneconomic damages cap bills, HB 2255 and SB 592. The bills have yet to be scheduled for a public hearing in the Senate and House Judiciary... Read more

Nevada: NAMIC-Opposed Auto Insurance Full Replacement Cost Mandate Bill Introduced

February 21, 2019 AB 172 states: Section 1. Chapter 690B of NRS is hereby amended by adding thereto a new section to read as follows... Read more

California: FEEDBACK REQUESTED on California Disaster Insurance Bill

February 21, 2019 SB 290, California Disaster Insurance, has been introduced by Sen. Bill Dodd, the author of several controversial wildfire insurance bills during the 2018 legislative session... Read more

Arkansas: NAMIC Opposes Bill Aimed at Broadening Causes of Action Against Businesses

February 21, 2019 NAMIC provided written testimony Feb. 19 opposing HB 1462 that would broaden the powers of the attorney general and insurance commissioner to pursue lawsuits pursuant to the state’s Deceptive Trade Practices Act... Read more

Hawaii: NAMIC Submits Testimony Supporting Motor Vehicle Title Branding Bill

February 21, 2019 NAMIC has submitted written testimony on HB 270, HD 1, Relating to Rebuilt Vehicles, to the House Committee on Consumer Protection and Commerce... Read more

Colorado: NAMIC-Opposed Bill Increasing Damages Caps Passes Out of Senate

February 21, 2019 The Senate has passed SB 109, Concerning Adjustments to Limitations on Damages, on an 18-16-1 vote. The bill will now be referred to the House Judiciary Committee for a public hearing... Read more

Montana: NAMIC Submits Testimony Opposing Mandatory Driver Safety Education Course Rating Discount Bill

February 21, 2019 NAMIC has submitted written testimony on HB 382, Required Discount for Diver Safety School, to the House Business and Labor Committee... Read more

Arizona: NAMIC Weighs In on Several Auto Safety Measures

February 21, 2019 The Arizona Legislature considered several bills during the week of Feb. 18 aimed at improving automobile safety. NAMIC supports all of them... Read more

Nebraska: NAMIC Testifies in Favor of Asbestos Litigation Transparency

February 21, 2019 NAMIC filed testimony on Feb. 21st with the Judiciary Committee, urging it to favorably report LB 421. The bill brings transparency to asbestos litigation... Read more

Financial & Regulatory Brief: In the States

February 21, 2019 There are 11 states in 2019 that have introduced legislation that attempts to adopt the NAIC Corporate Governance Annual Disclosure Model Act. In total, 26 states have adopted the NAIC model that... Read more

Financial & Regulatory Brief: At the NAIC

February 21, 2019 NAMIC submitted comments to the Group Capital Calculation Working Group on the 2019 field-testing template and instructions that were exposed for comment at the 2018 Fall National Meeting in San Francisco... Read more

Financial & Regulatory Brief: In the World

February 21, 2019 NAMIC attended the IAIS stakeholder meeting in Basel, Switzerland, in February to learn more about the 2019 efforts concerning the Insurance Capital Standard... Read more

Financial & Regulatory Brief: In the Nation

February 21, 2019 NAMIC submitted comments to S&P Global Ratings regarding its request for comments on the proposed changes to the S&P Insurers Rating Methodology... Read more

West Virginia: Governor Justice Appoints Insurance Commissioner

February 19, 2019 Gov. Jim Justice announced Feb. 19 his appointment of Jim Dodrill to be the next West Virginia insurance commissioner. Dodrill comes to the West Virginia Office of the Insurance Commissioner from Progressive Insurance, where he worked for more than two... Read more

Wyoming: NAMIC-Supported Tort Reform Bills Die

February 19, 2019 Unfortunately, tort reform wasn’t on the legislative agenda in 2019. Two commonsense, pro-tort reform bills have died without meaningful legislative consideration: HB 88, Repeal of seat-belt evidence prohibition, and HB 87, Damages evidence of health... Read more

Oregon: Legislation Banning CBIS in Auto Insurance Scheduled For Hearing

February 19, 2019 SB 487, sponsored by Sens. Sara Gelser and James Manning Jr., which would prohibit insurers from using credit history or insurance score to decline coverage, rerate, or otherwise determine eligibility for motor vehicle insurance, has been scheduled for... Read more

Nevada: NAMIC-Supported Insurance Fraud Bill Introduced

February 19, 2019 Current law defines “insurance fraud” to mean knowingly and willfully committing various actions including knowingly and willfully presenting false or misleading information in a statement as part of a claim for payment or other benefits under a policy... Read more

Nebraska: NAMIC Goes on Record Against Stacking Bill

February 19, 2019 NAMIC filed testimony on Feb. 19 with the Nebraska Banking, Commerce and Insurance Committee urging the rejection of LB 274 mandating the stacking of UM and UIM coverage, but oddly, only for vehicles insured under separate policies held by persons who... Read more

Montana: NAMIC Submits Testimony Opposing Bill Requiring Auto Repair Shops to Strictly Follow Repair Directives of Auto Manufacturers

February 19, 2019 NAMIC has submitted written testimony on SB 251, Conducting Auto Repairs in Accordance with Original Equipment Manufacturer Directives, to the Senate Transportation Committee. The proposed legislation states: Section 1. Automobile repair... Read more

Kansas: NAMIC Urges Judiciary Committee to Support Assignment of Benefits Reform

February 19, 2019 NAMIC submitted testimony Feb. 19 to the Kansas Senate Judiciary Committee urging the favorable consideration of SB 78, which mandates important consumer protections for assignment of benefits. The bill requires minimum standards for AOBs, including... Read more

Idaho: NAMIC-Opposed Insurance Claims Loss/Inquiry Underwriting Restrictions Bill Introduced

February 19, 2019 HB 119, Prohibiting an Insurer from Considering Certain Inquiries or Claims, has been introduced. No hearing has been scheduled to date. The proposed legislation would prohibit an insurer from considering consumer inquiries and claims without an... Read more

Hawaii: NAMIC-Opposed OEM Parts Bill Passes Out of Committee as Amended

February 19, 2019 NAMIC-opposed HB 62, Motor Vehicle Repairs, has passed, as amended, out of the House Committee on Consumer Protection and Commerce. Although the amendments to the bill significantly change the original equipment manufacturer parts requirement in the... Read more

Colorado: NAMIC-Supported Distracted Driver Safety Bill Passes, as Amended, Out of Committee

February 19, 2019 SB 12, Use of mobile electronic devices, has passed, as amended, out of the Senate Transportation and Energy Committee. The bill has been referred to Senate Appropriations. Current law prohibits the use of wireless telephones while driving for... Read more

California: NAMIC-Opposed Bill to Erode Statute of Limitations Law Introduced

February 19, 2019 AB 218, Damages: childhood sexual assault: statute of limitations, has been introduced by Assemblymember Lorena Gonzales. The bill has yet to be scheduled for a public hearing. The bill, if enacted, would expand the definition of childhood sexual abuse... Read more

ICYMI: FAA Unveils Long-Awaited Drone Regulations

February 19, 2019 The Federal Aviation Administration published three new actions in the Federal Register Feb. 13 designed to encourage the safe testing and deployment of drones: A notice of proposed rulemaking that would permit drones to operate over people and fly at... Read more

NAMIC to Meet with OMB on the HUD Disparate Impact Rule

February 19, 2019 In response to the ongoing NAMIC litigation challenge to the Department of Housing and Urban Development’s disparate impact rule, HUD has revised the rule and has sent the proposed rule to the Office of Information and Regulatory Affairs within the... Read more

DOL Considering Fiduciary Rule Update

February 19, 2019 The Department of Labor is considering regulatory options in light of a federal court ruling that vacated the so-called “fiduciary rule” that would have expanded fiduciary obligations. The DOL first issued a regulation in 1975 defining who is fiduciary... Read more

DOL Plans a New Overtime Rule

February 19, 2019 The U.S. Department of Labor is finalizing a new version of federal regulation dictating overtime pay for workers, having sent its draft of the long-awaited notice of proposed rulemaking on the white collar overtime exemptions to the White House Office... Read more

Auto Tariffs Report Submitted to White House

February 19, 2019 Secretary of Commerce Wilbur Ross submitted a report Feb. 16, as required by statute, on his investigation of whether automotive imports threaten the national security of the United States under section 232 of the Trade Expansion Act of 1962. Read more

Long Steps Down as FEMA Administrator

February 19, 2019 Brock Long, administrator of the Federal Emergency Management Agency, announced Feb. 13 that he is resigning from the post. Long, who previously led the Alabama Emergency Management Agency, had held the position of administrator since the beginning of... Read more

Questions Linger on Vehicle-Generated Data Access

February 19, 2019 NAMIC participated in a Feb. 11 briefing for Capitol Hill staff by the U.S. Data Access Coalition, which is comprised of members from the insurance, trucking, fleet management, auto repair shop, and telematics industries, along with consumer advocacy... Read more

Arizona Sued for March 2018 Uber Fatality

February 19, 2019 The family of the woman killed by an Uber self-driving car last March has reportedly sued the state of Arizona, Gov. Doug Ducey, and Department of Transportation director John Halikowski for $10 million. The claim says the state "failed to..." Read more

Crumbling Foundations Provisions in Spending Deal

February 19, 2019 The appropriations legislation signed by President Trump on Feb. 15 included two amendments aimed at addressing the crumbling foundations issue plaguing homeowners in Connecticut and elsewhere due to a certain mineral found in the concrete used to... Read more

HFSC Subcommittee Holds Hearing on Cannabis Banking

February 19, 2019 The House Financial Services Subcommittee on Consumer Protection & Financial Institutions held a hearing Feb. 13 on the cannabis industry’s access to the banking industry. Appearing before the subcommittee at the hearing, titled “Challenges and... Read more

New York: Child Victim Act Signed; Bad Faith, Wrongful Death Bills Introduced

February 19, 2019 The Child Victim Act, A2683/2440, moved swiftly to passage this year, with Gov. Andrew Cuomo signing it on Feb. 14 at the Manhattan newsroom of the Daily News. NAMIC’s Compliance Alert highlights some the requirements of this new law that extends the... Read more

Virginia: Problematic Bad Faith Bill Put to Rest for 2019 Legislative Session

February 15, 2019 The House Commerce and Labor Committee voted overwhelmingly to “pass by indefinitely” an extremely problematic bill – SB 1117 – concerning bad faith, effectively ending its run in the 2019 legislative session... Read more

Utah: NAMIC Supports Legislation Enhancing Current Distracted Driving Laws

February 15, 2019 NAMIC urged the House of Representatives on Feb. 15 to support HB 13 to enhance the state’s current distracted driving laws... Read more

Georgia: NAMIC State Legislators of the Year Recognized

February 14, 2019 NAMIC presented Georgia House Insurance Chairman Richard Smith his 2018 State Legislator of the Year award during a House Insurance Committee meeting on Feb. 13... Read more

Washington: NAMIC Submits Testimony Opposing Premium Tax Bill

February 14, 2019 NAMIC has submitted written testimony to the Senate Committee on Financial Institutions, Economic Development and Trade opposing SB 5858, Concerning funding and uses of the military department active state service account... Read more

Nevada: Workers’ Comp Legal Standard of Causation Bill Introduced

February 14, 2019 AB 119 has been introduced and assigned to the Assembly Committee on Commerce and Labor. No public hearing has been scheduled to date... Read more

Montana: NAMIC-Opposed Bill Requiring Insurers to Pay for OEM Parts has Been Tabled, New OEM Parts Bill Introduced

February 14, 2019 NAMIC has submitted written testimony to the Senate Committee on Financial Institutions, Economic Development and Trade opposing SB 5858, Concerning funding and uses of the military department active state service account... Read more

Idaho: NAMIC-Opposed Bill Making Psychological Injury Compensable Under Workers’ Comp Passes Senate

February 14, 2019 The Senate has passed on a 31-4 vote SB 1028, Psychological Injuries Suffered by First Responders Compensable. The bill is now off to the House for public hearing in the Committee for Commerce and Human Resources... Read more

Oregon: FEEDBACK REQUESTED on Proposed Regulation on Medical Fees, Payment, Medical Services, Managed Care

February 14, 2019 The Department of Consumer and Business Services/Workers' Compensation Division has requested comments from the insurance industry by Feb. 25 on its proposed regulation on Medical Fees; Payment; Medical Services; Managed Care... Read more

Wyoming: NAMIC-Supported Asbestos Claims Transparency Bill Dies in House

February 14, 2019 NAMIC-supported HB 92, Asbestos Actions, which passed out of the House Minerals Committee on a 6-3 vote, has died on the House floor... Read more

Colorado: NAMIC-Opposed Bill Increasing Damages Caps Has Passes Out of Committee

February 14, 2019 The Senate Committee on Judiciary has passed on a 3-2 vote SB 109, Concerning Adjustments to Limitations on Damages. The bill will now be voted on by the Senate... Read more

Hawaii: NAMIC Submits Testimony Opposing Natural Disaster Coverage Exclusions Disclosure Bill

February 14, 2019 NAMIC has submitted written testimony opposing SB 356 to the Senate Committee on Commerce, Consumer Protection and Health for the Feb. 15 public hearing... Read more

South Dakota: Bill to Reopen for Three Years the Statute of Limitations for Child Sexual Abuse Defeated in Committee

February 14, 2019 The South Dakota House Judiciary Committee voted on Feb. 12 to recommend that HB 1269, which would have created a three-year revivor for child sexual abuse... Read more

FAA Proposes New Drone Rules for Flying Over People and At Night

February 13, 2019 The Federal Aviation Administration published three new actions in the Federal Register Feb. 13 designed to encourage the safe testing and deployment of drones... Read more

Florida: Drama Over AOB Bill Leads to Postponement in First Committee

February 12, 2019 After several workshops, an hour and a half of discussion, debate, and testimony, and after disposing of eight amendments, a vote scheduled in the Florida Senate Banking and Insurance Committee for Feb. 11... Read more

Oklahoma: NAMIC Opposes Bill Requiring Named Beneficiaries for Unearned Premium

February 12, 2019 NAMIC provided written testimony Feb. 11 opposing SB 500 that would require property/casualty insurers to obtain the name of a beneficiary for purposes of refunding unearned premiums in excess of $150... Read more

Need for Infrastructure Funding a Key Theme at Chamber of Commerce Event

February 11, 2019 NAMIC attended the Chamber of Commerce’s Feb. 5 event titled “America’s Infrastructure: Time to Invest,” which included a variety of speakers and panels... Read more

Treasury Undersecretary Tapped to Head World Bank

February 11, 2019 After Jim Yong Kim stepped down as the World Bank’s president in early January, President Trump announced that he would nominate David Malpass ,Treasury undersecretary for International Affairs... Read more

House T&I Committee Eyes National Infrastructure

February 11, 2019 The House Transportation & Infrastructure Committee held a hearing Feb. 7 titled “The Cost of Doing Nothing: Why Investing in Our Nation’s Infrastructure Cannot Wait... Read more

NHTSA Withdraws EDR Requirement, Working on Recording Regs

February 11, 2019 The National Highway Traffic Safety Administration said Feb. 8 that it is withdrawing a proposed rule to mandate the installation of event data recorders, or EDRs, in most light vehicles... Read more

NAMIC PAC Board of Trustees Come to Washington

February 11, 2019 The NAMIC PAC Board of Trustees will meet in Washington, D.C., for its annual planning meeting to discuss PAC spending and fundraising strategy for the 2020 election cycle. The meeting will kick-off Feb... Read more

House Committee to Examine Cannabis Banking Issues

February 11, 2019 The House Financial Services Subcommittee will hold a hearing Feb. 13 titled “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses... Read more

Legislation to Stop Robocalls Could Impact Insurance Companies

February 11, 2019 Rep. Frank Pallone, D-N.J., reintroduced the Stopping Bad Robocalls Act (H.R. 946) Feb. 4, intending to stop abusive robocall practices by amending the Telephone Consumer Protection Act and granting new enforcement tools to... Read more

NAMIC, BuildStrong Coalition Host National Pre-Disaster Mitigation Roundtable

February 11, 2019 NAMIC participated in a Feb. 4 roundtable discussion hosted by the BuildStrong Coalition and the U.S. Chamber of Commerce centered on the topic of pre-disaster mitigation... Read more

Wyoming: NAMIC Disseminates Fact Sheet to Legislators on Aftermarket Parts Bill

February 11, 2019 NAMIC-supported SF 95 that would fix problems resulting from the Division of Insurance’s regulation requiring insurers to pay for original equipment manufacturer parts even if not covered by the... Read more

Washington: NAMIC-Supported Motorcycle Liability Coverage Bill Passes Out of House

February 11, 2019 NAMIC-supported HB 1014, Motorcycle Liability Insurance Coverage, has passed out of the House on a 70-26 vote. The bill is now off to the Senate for committee assignment... Read more

Oregon: FAIIR Launches Bad Faith Website for Consumers

February 11, 2019 The Fighting Against Increased Insurance Rates Coalition, which NAMIC is an active member, has launched a website to educate consumers and assist them in their grassroots advocacy outreach to... Read more

Montana: NAMIC-Opposed Bill to Change UM/UIM Offer of Coverage Requirements Tabled in Committee

February 11, 2019 The House Transportation Committee has tabled HB 141, UIM Coverage Mandatory Offer, which NAMIC has been actively opposing. The association is hopeful that the bill will now sit in committee and die a quiet death at the legislative procedural deadline... Read more

Hawaii: NAMIC Submits Testimony Opposing UM/UIM Database Proposed Legislation, Bill Pulled From Scheduled Hearing

February 11, 2019 NAMIC submitted written testimony opposing HB 435, UM/UIM Database... Read more

Colorado: NAMIC Submits Testimony Opposing Bill to Increase Damages Cap

February 11, 2019 NAMIC has submitted written testimony to the Senate Committee on Judiciary in opposition to SB 109, Concerning Adjustments to Limitations on Damages... Read more

California: NAMIC-Supported Distracted Driving Bill Introduced

February 11, 2019 Assembly members Tom Daly and Jim Frazier have introduced AB 47, a distracted driving prevention bill... Read more

Arkansas: NAMIC Opposes Legislation Changing Definition of a Water Damaged Vehicle

February 7, 2019 NAMIC filed written testimony Feb. 6 against HB 1322 before a scheduled hearing of the bill in the House Public Transportation Committee, set for Feb. 7... Read more

Mississippi: Furious Rush to Move Bills by First Committee Deadline

February 7, 2019 The pace in the Mississippi Legislature continues at a high rate on both sides of the Capitol as committees rushed to move bills out before the Feb. 5 deadline to keep legislation alive... Read more

Washington: NAMIC Submits Fact Sheet for Hearing on Examinations Under Oath Bill

February 7, 2019 NAMIC has submitted a fact sheet to the Senate Committee on Financial Institutions, Economic Development and Trade opposing SB 5703, Examinations under oath when a person claims a loss under an insurance contract... Read more

Hawaii: NAMIC Submits Testimony Opposing Workers’ Compensation Cannabis Coverage

February 7, 2019 NAMIC has submitted written testimony opposing SB 1523 to the Senate Committee on Commerce, Consumer Protection and Health and the Senate Committee on Labor, Culture and the Arts. A joint committee hearing was held on Feb. 6... Read more

SPECIAL REPORT | NAMIC to Continue Disparate Impact Challenge as Newly Merged Group Withdraws From Case

February 6, 2019 From the day that NAMIC first discovered the Department of Housing and Urban Development’s attempts to hold insurance companies liable for discrimination on the basis of statistical anomalies without any intent... Read more

South Carolina: SCDOI Legislative Package Continues to Advance, Other Insurance Bills in Play

February 5, 2019 The South Carolina Department of Insurance legislative package continues to move quickly through the Legislature... Read more

Nevada: Bill Amending Definition of Salvage Vehicle Introduced

February 5, 2019 The Senate Committee on Growth and Infrastructure will hold a public hearing Feb. 7 on SB 22, Salvage Vehicles... Read more

New Mexico: NAMIC Opposes Bill Limiting Insurers’ Ability to Adjust Homeowners Rates Due to Increased Risk Factors

February 5, 2019 NAMIC filed written comments Feb. 4 in opposition to HB 311, which would place significant restrictions on the ability of insurers to use certain rating factors in homeowners’ insurance if those factors indicated the need for a higher rate.. Read more

Washington: NAMIC-Opposed Wrongful Death Bills Pass, as Amended, Out of Committee

February 5, 2019 NAMIC-opposed anti-tort reform bills on wrongful death causes of action, HB 1135 and SB 5163, have passed, as amended, out of their respective chamber committees... Read more

Colorado: Bill Increasing Damages Caps Introduced

February 5, 2019 SB 109, Concerning Adjustments to Limitations on Damages, has been introduced and assigned to the Senate Committee on Judiciary... Read more

California: Community Development Investment Reporting Bill Introduced

February 5, 2019 AB 295, Community Development Investments, has been introduced by Assembly Member Tom Daly. Existing law requires an admitted insurer with annual premiums written in California... Read more

Montana: Regulator Civil Restitution Bill Amended to Address Industry Concerns, Bill Passed to Senate

February 5, 2019 HB 74, Restitution for Insurance Consumers, has been amended after negotiations between the bill sponsor, insurance industry, and Commissioner of Securities and Insurance... Read more

Oregon: FEEDBACK REQUESTED on Proposed Workers’ Comp Regulation on Medical Fees

February 5, 2019 The Department of Consumer and Business Services/Workers' Compensation Division has proposed regulations to adopt new medical billing codes. The DCBS describes the aim of the regulation to... Read more

Hawaii: NAMIC Submits Written Testimony Opposing OEM Parts Bill

February 5, 2019 NAMIC has submitted written testimony to the House Committee on Consumer Protection and Commerce opposing HB 62, Motor Vehicle Repairs. The proposed legislation would require an insurer to pay for... Read more

Wyoming: NAMIC Submits Comments Proposed Amendments to Insurance Consumer Privacy Notice Regulations

February 5, 2019 NAMIC has submitted written comments to the Department of Insurance on its Notice of Intent to Adopt Rules Pertaining to Proposed Changes to Chapters 54 and 55 of the Privacy of Consumer Financial and Health Information... Read more

NAMIC Issues 2018 Amicus Report

February 4, 2019 To further the interests of member companies, NAMIC has been active in efforts to inform and educate the judiciary and effectively persuade it to adopt positions in line with the interests of NAMIC members by supporting... Read more

NAMIC Works on ULC Model State Law for Autonomous Vehicles

February 4, 2019 The Uniform Law Commission Committee on Highly Automated Vehicles met in Washington, D.C. Feb. 1-2 and made significant progress on a draft model law covering the deployment of automated driving systems... Read more

NAMIC Continues to Challenge HUD’s Disparate Impact Rule

February 4, 2019 The latest development in the ongoing saga over the Department of Housing and Urban Development’s disparate impact rule occurred on Feb. 1... Read more

Key House Committee to Hold Hearing on National Infrastructure

February 4, 2019 While many congressional committees will convene for the first time this week to discuss plans for 2019, the House Transportation and Infrastructure Committee will congregate in the Capitol Visitor Center Feb. 7... Read more

Rubio Data Privacy Bill Picks Up Tech Industry Support

February 4, 2019 Sen. Marco Rubio’s, R-Fla., data privacy bill earned praise from NetChoice, a tech trade group focused on promoting e-commerce. The group includes Facebook, Google, Waymo, Lyft, Airbnb, and several other large internet companies... Read more

Membership Finalized for Housing, Community Development, and Insurance Subcommittee

February 4, 2019 The House Financial Services Committee held an organizational meeting Jan. 30 in which the committee adopted the rules that will govern the committee for the 116th Congress and officially confirmed subcommittee assignments... Read more

Federal Affairs Committee Sets Agenda for NAMIC on Capitol Hill

February 4, 2019 Members of NAMIC’s Federal Affairs Committee met for their annual kickoff meeting Jan. 29 to discuss issues currently facing the property/casualty insurance industry at the federal level... Read more

NAMIC Participates in Discussion on Resilience Hosted by BuildStrong Coalition, U.S. Chamber of Commerce

February 4, 2019 NAMIC participated in a Feb. 4 roundtable discussion hosted by the BuildStrong Coalition and U.S. Chamber of Commerce centered on the topic of pre-disaster mitigation... Read more

NAMIC Asks FEMA to Clarify Duplicate Flood Coverage Issue

February 4, 2019 NAMIC will be a signatory on a letter sent Feb. 4 to the Federal Emergency Management Agency requesting clarification to deal with confusion surrounding an issue related to duplicate flood insurance coverage... Read more

North Dakota: House Committee Says ‘Yes’ to NAMIC-Endorsed Ali Restatement Bill

January 31, 2019 The North Dakota House Industry, Business and Labor Committee voted 13-0 on Jan. 30 to report NAMIC-endorsed HB 1142 “Do Pass... Read more

NAIC: NAMIC Provides Comments on 2019 Group Capital Calculation Field-Testing Specifications

January 31, 2019 NAMIC recently submitted comments to the NAIC Group Capital Calculation (E) Working Group regarding the 2019 field-testing template and instructions that were exposed for comment at the 2018 Fall National Meeting in San Francisco... Read more

Hawaii: FEEDBACK REQUESTED on Personal Injury Protection Bills

January 30, 2019 Two mandatory coverage limits Personal Injury Protection bills have been introduced: HB 1324, which would increase the coverage limits to a yet-to-be-determined amount... Read more

Idaho: Bill on Post-Traumatic Stress Disorder Workers’ Comp Claims for First Responders Introduced

January 30, 2019 SB 1028, which would amend the workers’ compensation law on psychological accidents and injuries, has been introduced and assigned to the Senate Commerce and Human Resources Committee for public hearing... Read more

Wyoming: NAMIC-Supported Motor Vehicle Titling Bill Passes Out of House

January 30, 2019 NAMIC-supported HB 15, Motor vehicles-titles and bills of sale, has passed out of the House with minor amendments and is now on to the Senate... Read more

Arkansas: NAMIC Supports Legislation Making Handheld Wireless Usage in School Zones a Primary Offense

January 30, 2019 NAMIC provided the Arkansas House Public Transportation Committee with written testimony in support of HB 1182 that would make the illegal use of a handheld wireless device in a school zone a primary offense... Read more

Washington: Insurance Claims Examination Under Oath Bill Introduced

January 30, 2019 SB 5703, Examinations under oath when a person claims a loss under an insurance contract, has been introduced and assigned to the Senate Committee on Financial Institutions, Economic Development and Trade for a public hearing... Read more

Oregon: Bill Introduced Limiting Insurer Subrogation Rights for Personal Injury Protection Payments

January 30, 2019 SB 421, Motor Vehicle Accident Reimbursement or Subrogation, has been introduced and assigned to the Senate Judiciary Committee for a public hearing... Read more

Montana: NAMIC Submits Testimony Opposing Bill Requiring Insurers to Pay for OEM Parts

January 30, 2019 NAMIC has submitted written testimony on HB 252, OEM Parts, to the House Business and Labor Committee for the Jan. 31 public hearing... Read more

Colorado: NAMIC Meets With DOI to Discuss Proposed Amended Regulation on Auto Insurance Consumer Protections/Consumer Notice

January 30, 2019 NAMIC and other insurance industry representatives met with the Division of Insurance on Jan. 28 to discuss concerns with the proposed amendments to Regulation 5-2-12 “Concerning Automobile Insurance Protections... Read more

Insurance Departments Issue Bulletins, Releases on Federal Shutdown

January 30, 2019 The federal government came to a temporary compromise on Jan. 25 ending the partial government shutdown. President Trump promised to provide backpay to furloughed employees “at the earliest date possible”; however,... Read more

NAMIC Proposes Insurance Framework to Electric Scooter Industry

January 29, 2019 NAMIC met with representatives from the electric scooter industry in early January to identify insurance concerns related to the use of the booming technology in hopes of coming to a mutually agreeable insurance framework... Read more

Mississippi: ‘Wind Pool’ Bill Receives Contentious Hearing in House Insurance Committee

January 29, 2019 The Mississippi House Insurance Committee met Jan. 22 and approved four bills... Read more

NAMIC Releases Public Policy Issue Analysis on Litigation Funding

January 29, 2019 NAMIC released its first public policy issue analysis of the year on Jan. 28, titled Curbing a Questionable Practice: A Survey of Public Policy Measures to Address Concerns Surrounding Litigation Funding... Read more

South Carolina: DOI Legislative Package Continues to Move

January 29, 2019 The South Carolina Senate Banking and Insurance Committee met Jan. 23 and issued favorable reports for bills that were approved the previous week by a subcommittee: SB 360, the DOI administrative procedures or “housekeeping” bill... Read more

Florida: Legislative Committees Have Busy Week

January 28, 2019 As reported in many Florida media outlets, the Florida Senate Banking and Insurance Committee on Jan. 22 held a workshop to discuss assignment of benefits and the one-way attorney fee statute... Read more

New Mexico: NAMIC Supports Legislation Allowing Electronic Proof of Insurance

January 28, 2019 NAMIC provided written testimony Jan. 28 in support of SB 107, which would permit proof of insurance by means of a portable electronic device... Read more

Wyoming: NAMIC-Supported Aftermarket Parts Bill Passes Out of Committee

January 28, 2019 NAMIC-supported SF 95 has passed, as amended, out of the Senate Transportation Committee. The bill would fix problems resulting from the Division of Insurance’s regulation requiring insurers to pay for... Read more

Colorado: Feedback Requested on Regulatory Proposal to Withdraw Bulletin on Depreciation of Labor in Replacement Cost Insurance Policies

January 28, 2019 The Colorado Division of Insurance has requested comments from the insurance industry on their proposed withdrawal of Bulletin B-5.1 – Calculation of actual value... Read more

Montana: NAMIC-Opposed Bill Fundamentally Altering Homeowners’ Insurance Exclusions Tabled by Committee

January 28, 2019 The Senate Business, Labor and Economic Affairs Committee has tabled NAMIC-opposed SB 27, Temporary Waterproof Coverings and Exclusions. NAMIC is hopeful that the bill is now dead for the session... Read more

Joint Agencies Issue Final Rulemaking Implementing Biggert-Waters Private Flood Provisions

January 28, 2019 A group of agencies overseeing lending institutions issued a final rule Jan. 25 implementing a provision in a 2012 law related to lender acceptance of private flood insurance... Read more

Sizing Up the 2020 House, Senate Landscapes

January 28, 2019 The political world will be a three-ring circus over the next two years, and while the contest for the presidency will obviously dominate, there will be plenty to watch in the House and Senate rings as well... Read more

IIHS Reports No Change in Distracted Driving Levels, but Drivers Using Their Phones in Riskier Ways

January 28, 2019 Although 16 states ban talking on a hand-held cellphone while driving and texting is banned in 47 states, a Jan. 24... Read more

NAMIC Releases Public Policy Issue Analysis on Litigation Funding

January 28, 2019 NAMIC released its first public policy issue analysis of the year on Jan. 28, titled Curbing a Questionable Practice: A Survey of Public Policy Measures to Address Concerns Surrounding Litigation Funding... Read more

New Highway Safety Laws Report From Advocates Focused on Occupant Protection

January 28, 2019 The Advocates for Highway & Auto Safety released a 56-page report titled “16th Annual Roadmap of State Highway Safety Laws” on Jan. 22, highlighting the developments and shortcomings of auto safety laws across the U.S... Read more

HFSC Democratic Organization Starts to Come Together

January 28, 2019 House Financial Services Committee Democrats held an organizational meeting Jan. 24 to officially select subcommittee chairs and begin to determine subcommittee assignments... Read more

Financial Services Committee’s Top GOP Member Asks Democrats to Focus on Key Issues

January 28, 2019 House Financial Services Committee ranking member Patrick McHenry, R-N.C., sent a letter Jan. 22 to the committee’s chairwoman, Rep. Maxine Waters, D-Calif., asking the committee’s Democratic leadership to prioritize a number of... Read more

Hawaii: Potentially Concerning Consumer Choice on Auto Repair Parts Bill Introduced

January 24, 2019 Sen. Rosalyn Baker, chair of the Senate Commerce, Consumer Protection and Health Committee, has introduced SB 823, which would require insurers to... Read more

California: Distracted Driving Motor Vehicle Driving License Points Bill Introduced

January 24, 2019 NAMIC-supported legislation to discourage and penalize distracted driving has been introduced. AB 47, co-authored by Assembly Members Tom Daly and Jim Frazier, is intended to remove... Read more

Oregon: NAMIC-Opposed Bill Removing Damages Caps for Non-Economic Damages in Wrongful Death Claims Introduced

January 24, 2019 Trial-bar-sponsored legislation, HB 2255, has been introduced to remove damages caps for non-economic damages in wrongful death claims... Read more

Washington: NAMIC Signs Onto Coalition Fact Sheet Opposing Wrongful Death Bills

January 24, 2019 NAMIC has joined its state advocacy partner, the Washington Liability Reform Coalition, in opposing trial bar anti-tort-reform legislation on wrongful death causes of action... Read more

Delaware, Rhode Island: Federal Government Shutdown Response Bills Take Aim at Private Insurance Contracts

January 24, 2019 In the wake of the longest federal government shutdown in U.S. history, bills have been introduced in Delaware and Rhode Island that would prohibit insurers from cancelling the policies of federal workers and contractors for... Read more

Wyoming: NAMIC Submits Testimony Seeking Amendment to Proposed Sales Tax on Services Bill, Legislation Tabled

January 24, 2019 NAMIC submitted written testimony recommending a proposed amendment to HB 67, Sales Tax on Services, to remove insurers and their agents from the potential scope of the new sales tax... Read more

West Virginia: Insurance Commissioner Appointed State’s Secretary of Administration

January 24, 2019 Gov. Jim Justice announced Jan. 23 that he has appointed Insurance Commissioner Allan McVey to the position of secretary of Administration... Read more

Montana: NAMIC Submits Testimony Opposing Bill to Change UM/UIM Offer of Coverage Requirements

January 24, 2019 NAMIC submitted written testimony to the House Transportation Committee opposing proposed changes to UM/UIM offer requirements articulated in HB 141, UIM Coverage Mandatory Offer... Read more

Colorado: NAMIC Submits Comments on Auto Insurance Consumer Protections, Consumer Notice

January 24, 2019 NAMIC has submitted written comments to the Colorado Division of Insurance raising concerns about a number of provisions in the second draft Regulation 5-2-12, Concerning Auto Insurance Consumer Protections... Read more

NAIC: NAMIC Provides Comments on Casualty Actuarial and Statistical Task Force’s Predictive Model White Paper

January 23, 2019 NAMIC recently submitted comments on the NAIC Casualty and Actuarial and Statistical Task Force’s Predictive Model White Paper that had been drafted and exposed for comment Nov. 15, 2018, for a 60-day period... Read more

Arkansas: NAMIC Opposes Mandatory Rental Coverage on Auto Policies

January 23, 2019 NAMIC provided written testimony on Jan. 22 opposing HB 1027 that would require auto insurers to provide rental coverage on all policies... Read more

New Mexico: NAMIC Opposes Doubling of Financial Responsibility Limits

January 23, 2019 NAMIC provided written testimony on Jan. 23 opposing HB 112 that would double the financial responsibility limits from 25/50 to 50/100... Read more

South Carolina: DOI Legislative Agenda Already Moving Senate Committee Process

January 22, 2019 A South Carolina Senate Banking and Insurance subcommittee met Jan. 17 to discuss several bills on the Department of Insurance legislative agenda... Read more

Arizona: NAMIC Supports Bill to Encourage Compliance With Financial Responsibility Laws

January 22, 2019 NAMIC provided written testimony Jan. 22 in support of SB 1015 that would make a minor change to the state’s financial responsibility laws... Read more

Key Congressman Presses U.S. Treasury Officials on Absence of U.S. Policy Statement in Recently Signed Covered Agreement

January 22, 2019 Rep. French Hill, R-Ark., a member of the House Financial Services Committee, sent a letter to a senior U.S. Treasury official Jan. 22 that included a number of questions regarding... Read more

NAMIC Hosts Symposium on ALI Restatement

January 22, 2019 In connection with NAMIC’s ongoing challenge to the flawed and dangerous ALI Restatement of Insurance Liability, NAMIC and other insurance trade groups hosted a symposium on the restatement at the Washington, D.C., offices of Crowell... Read more

House Financial Services Committee Adds New Members, Unveils New Subcommittees

January 22, 2019 Rep. Patrick McHenry, R-N.C., the ranking member on the House Financial Services Committee, announced Jan. 16 the panel’s addition of five freshmen GOP members... Read more

Rubio Introduces Data Privacy Legislation

January 22, 2019 In a Jan. 16 op-ed, Sen. Marco Rubio, R-Fla., made the case for the data privacy bill he introduced called the American Data Dissemination Act, S. 142. The bill would instruct... Read more

Tech Companies Propose Data Privacy Grand Bargain

January 22, 2019 The Information Technology and Innovation Foundation, a leading technology policy think tank supported by Google, Amazon, and Facebook, proposed a “grand bargain” on Jan. 14 for Congress to protect data privacy... Read more

NAMIC Speaks at the Transportation Research Board

January 22, 2019 Billed as the "World's Largest Gathering of Transportation Professionals," more than 13,000 industry leaders including NAMIC, policymakers, administrators, and researchers from government, industry, and academia attended the Transportation... Read more

Senate Autodial Bill Introduced

January 22, 2019 Sens. John Thune, R-S.D., and Edward Markey, D-Mass., introduced on Jan. 16 S.151 – the Telephone Robocall Abuse Criminal Enforcement and Deterrence... Read more

FAA to Propose New Drone Rules for Flying Over People, at Night

January 22, 2019 As reported by NAMIC, U.S. Department of Transportation Secretary Elaine Chao announced new federal policies to expand the legal use of commercial drones... Read more

NAMIC PAC Reaches New Heights

January 22, 2019 Thanks to NAMIC PAC members, NAMIC PAC reached an all-time high by raising $1,149,000 during the 2018 election cycle... Read more

Washington: OIC Provides Fact Sheet on Proposed Insurance Fraud Surcharge Account Legislation

January 22, 2019 The Office of the Insurance Commissioner has disseminated a fact sheet on its criminal investigative unit bill, HB 1069, Insurance Fraud Surcharge Account... Read more

Montana: NAMIC Submits Testimony Opposing Bill to Erode Statute of Limitations Law

January 22, 2019 NAMIC has submitted written testimony to the House Judiciary Committee opposing HB 202, Statute of Limitations... Read more

California: FEEDBACK REQUESTED on California Earthquake Authority Proposed Legislative Concept

January 22, 2019 The California Earthquake Authority has requested industry feedback on its legislative proposal to change in insurer assessments to fund the program and assist the CEA in purchasing reduced cost re-insurance... Read more

New Mexico: NAMIC Supports SB 164 to Allow Insurers, Agents to Offer Marketing Items to Customers

January 21, 2019 NAMIC provided written testimony Jan. 21 supporting SB 164 that would remove the prohibition on rebates by insurers for “prizes or gifts” to current or prospective customers that do not exceed $100 in the aggregate in value for a calendar... Read more

Colorado: NAMIC Submits Testimony Supporting Distracted Driving Legislation

January 21, 2019 NAMIC has submitted written testimony to the Senate Transportation and Energy Committee for the Jan. 24 public hearing on SB 12, Concerning the Use of Mobile Electronic Devices While Driving... Read more

Oregon: Bill With Punitive Damages for Violations of Insurance Code Introduced

January 21, 2019 The House Interim Committee on Business and Labor has pre-filed a bill that would allow for a private cause of action for an insurer’s alleged violation of the insurance code. The bill allows for an award of actual damages, attorney’s fees... Read more

Hawaii: Concerning OEM Parts Bill Introduced

January 21, 2019 The Hawaii Legislature starts of its legislative session with the introduction of a controversial pro-auto repair body shop bill. HB 62 states, “[t]he legislature finds that motor vehicle owners have the right to expect that their vehicles are repaired... Read more

Virginia: Statute Of Limitations Bill Assigned to Courts of Justice Subcommittee

January 17, 2019 HB 1888 has been introduced and assigned to a subcommittee of the Courts of Justice Committee. The measure seeks to eliminate the civil statute of limitations period for... Read more

Montana: NAMIC Working With Members To Address Concerns With Regulator Civil Restitution Bill

January 17, 2019 HB 74, Restitution for Insurance Consumers, was heard on Jan. 15 in the House Business and Labor and Committee. NAMIC is working with member companies and the... Read more

Washington: NAMIC-Opposed Wrongful Death Bills Introduced

January 17, 2019 The 2019 legislative session has started with trial bar anti-tort reform legislation on wrongful death causes of action... Read more

Wyoming: FEEDBACK REQUESTED on Proposed Sales Tax on Services

January 17, 2019 Please provided feedback on HB 67, Sales Tax on Services, which has been introduced and is waiting assignment for public hearing... Read more

Oregon: Legislation to Ban Use of CBIS in Auto Insurance to be Introduced

January 17, 2019 The 2019 legislative session is expected to start with a bang as several anti-tort reform bills from the trial bar and a proposed ban of credit-based insurance scoring are set to be introduced... Read more

Colorado: IMMEDIATE FEEDBACK REQUESTED on Second Proposed Draft of Amended Regulation on Auto Insurance Consumer Protections, Consumer Notice

January 17, 2019 In the spirit of cooperation, the Colorado Division of Insurance has disseminated a second draft of proposed Regulation 5-2-12, Concerning Auto Insurance Consumer Protections... Read more

Financial & Regulatory Brief: In the States

January 16, 2019 Michigan became the 26th state to adopt the NAIC Corporate Governance Annual Disclosure Model Act... Read more

Financial & Regulatory Brief: At the NAIC

January 16, 2019 The NAIC named its 2019 committee chairs and vice chairs. Remaining chair of the Financial Condition (E) Committee is David Altmaier, commissioner, Florida Office of Insurance Regulation... Read more

Financial & Regulatory Brief: In the World

January 16, 2019 NAMIC submitted comments (Att. 2 – Recovery Planning Comment Letter) to the International Association of Insurance Supervisors regarding the Recovery Planning Application Paper... Read more

Financial & Regulatory Brief: In the Nation

January 16, 2019 In a speech to the American Council of Life Insurers, Randy Quarles, vice chairman for supervision at the Federal Reserve, previewed a proposal for capital requirements for certain insurers under the Fed’s supervision... Read more

Florida: Committees Interested in Michael Recovery, Building Code Process

January 15, 2019 Read more

Oregon: License Issuance and Vehicle Registration System Set to Go Live

January 15, 2019 The Oregon DMV is set to go live on Jan. 22 with the rollout of its new License Issuance and Vehicle Registration System... Read more

SCOTUS Declines CFPB Challenge

January 14, 2019 Efforts to challenge the structure of the Consumer Financial Protection Bureau hit a major roadblock as the United States Supreme Court on Jan. 14 declined to hear a case challenging the bureau’s status as an independent agency. Read more

With Shutdown Ongoing, Committees Take Shape

January 14, 2019 With the government shutdown ongoing and Democrats transitioning into the majority, committee assignments for the 116th Congress are still in the queue to be determined this week... Read more

Race for 2020 Democratic Presidential Nomination Gets Underway

January 14, 2019 The floodgates have officially opened in the field for the Democratic presidential nominee. It was expected that the Democratic field would be large, but with candidates beginning to announce, we are about to find out exactly how large the field will be.. Read more

NAMIC Applies for Seat on Department of Transportation Advisory Committee

January 14, 2019 NAMIC is in the process of applying for membership on the Department of Transportation’s Air Ambulance and Patient Billing Advisory Committee... Read more

Federal Reserve Vice Chairman Previews Capital Requirements for ISLHCs

January 14, 2019 According to Randy Quarles, vice chairman for supervision at the Federal Reserve, the Fed has made good progress on its work on a proposal that “largely builds on state-based insurance capital standards"... Read more

House Bill Addressing Harmful Accounting Practice Introduced Prior to Shutdown

January 14, 2019 Days before the adjournment of the 115th Congress, Reps. Blaine Luetkemeyer, R-Mo., and Ted Budd, R-N.C., introduced H.R.7394, which would prohibit federal financial regulators from requiring compliance with the accounting standards Read more

Crumbling Foundations Provisions Included in House Government Funding Bill

January 14, 2019 Reps. Joseph Courtney, D-Conn., and John Larson, D-Conn., championed amendments to government funding legislation passed by the House that would provide more information about crumbling foundations... Read more

Congressman Introduces Host of NAMIC-Backed NFIP Reform Bills

January 14, 2019 Rep. Blaine Luetkemeyer, R-Mo., a member of the House Financial Services Committee, reintroduced four pieces of legislation Jan. 10 to reform the National Flood Insurance Program. Read more

Montana: NAMIC Submits Testimony Opposing Bill Altering Homeowners’ Insurance Exclusions

January 14, 2019 NAMIC submitted written testimony to the Senate Business, Labor and Economic Affairs Committee opposing SB 27, Temporary Waterproof Coverings and Exclusions... Read more

Colorado: NAMIC-Supported Distracted Driver Safety Bill Introduced

January 14, 2019 Sen. Lois Court and Rep. Jovan Melton have introduced a bill to prohibit use of mobile electronic devices while driving... Read more

Wyoming: NAMIC-Supported Asbestos Claim Transparency Bill Introduced

January 14, 2019 HB 92, Asbestos Actions, has been introduced and assigned to House Minerals Committee for public hearing... Read more

Ohio: Froment Reappointed ODI Director

January 14, 2019 Gov. Mike DeWine announced on Jan. 10 his choices to fill a number of state cabinet roles, including the Ohio Department of Insurance... Read more

Colorado: NAMIC Submits Comments to DOI Opposing Proposed Amended Regulation on Auto Insurance Consumer Protections, Consumer Notice

January 10, 2019 NAMIC has submitted written comments to the Colorado Division of Insurance raising concerns about a number of provisions in Draft Regulation 5-2-12, Concerning Auto Insurance Consumer Protections. NAMIC will also be meeting with the DOI in advance of the Read more

Montana: Feedback Requested on Proposed Market Conduct

January 10, 2019 The House Business and Labor and Committee will conduct a public hearing Jan. 16 on HB 75, Market Conduct. Read more

Wyoming: Motor Vehicle Titling Bill Introduced – FEEDBACK REQUESTED

January 10, 2019 The House Transportation Committee on Jan. 9 received HB 15, Motor vehicles-titles and bills of sale. The bill has yet to be scheduled for a public hearing, but it will likely be heard the week of Jan. 14 in the fast-paced Legislature. Read more

Florida: Senate Banking and Insurance Chair Mentions AOB Reform in First Committee Meeting

January 8, 2019 NAMIC attended the first meeting of the Florida Senate Banking and Insurance Committee Jan. 7, during the first interim committee week of 2019... Read more

Ohio: House of Representatives Elects Householder as Speaker

January 8, 2019 The Ohio House of Representatives on Jan. 7 elected Rep. Larry Householder as the next speaker of the House... Read more

Montana: Feedback Requested on Bill Adversely Impacting Homeowners’ Insurance Water Damage Failure to Mitigate Exclusions

January 8, 2019 The Senate Business, Labor and Economic Affairs Committee will conduct a public hearing Jan. 14 on SB 27, Temporary Waterproof Coverings and Exclusions... Read more

Colorado: Feedback Requested on Proposed Motorist Insurance Identification Database Regulation

January 8, 2019 The Department of Revenue/Division of Motor Vehicles has issued a proposed regulation on the Motorist Insurance Identification Database... Read more

NAMIC to Meet With Treasury Department on TRIA Program

January 7, 2019 NAMIC staff and representatives from several NAMIC member companies will be heading to the Treasury Department Jan. 8 to meet with key administration officials regarding the reauthorization of the Terrorism Risk Insurance Program... Read more

U.S. Officials Talk Tariffs in China

January 7, 2019 An American trade delegation is in Beijing to begin two days of trade negotiations with China. This is the first time U.S... Read more

ALI Restatement Symposium – Save the Date

January 7, 2019 In connection with NAMIC’s ongoing challenge to the flawed and dangerous ALI Restatement of Insurance Liability, NAMIC and other insurance trade groups will conduct a symposium on... Read more

NAMIC Pressed FEMA to Restore Normal NFIP Operations During Shutdown Halt

January 7, 2019 Despite legislation specifically intended to keep the National Flood Insurance Program operational during a lapse in federal spending authority... Read more

Demographics Facing the 116th Congress

January 7, 2019 The 116th Congress was sworn into office on Jan. 3rd, and it has shaped up to be the most diverse House in history. The 2018 midterms saw historic gains in congressional representation for women... Read more

Washington: Please Provide Feedback on Proposed Insurance Fraud Surcharge Account Legislation

January 3, 2019 The 2019 legislative session commences on Jan. 14. Please provide feedback on HB 1069, Insurance Fraud Surcharge Account... Read more

Colorado: Feedback Requested on Draft Proposed Regulation on Auto Insurance Consumer Protections, Consumer Notice

January 2, 2019 The Colorado Division of Insurance has requested informal comments on Draft Regulation 5-2-12, Concerning Auto Insurance Consumer Protections... Read more

Montana: Feedback Requested on CSI’s Omnibus Bill, Public Hearing Scheduled

January 2, 2019 The 66th session of the Montana Legislature convenes Jan. 7. Please provide NAMIC with feedback on HB 92, by Jan. 14. The proposed legislation, which is sponsored by the... Read more

Michigan: Governor Names New DIFS Director

January 2, 2019 Gov. Gretchen Whitmer announced on Dec. 27 a slew of administration leadership changes. .. Read more

Ohio General Assembly Adjourns Successful Legislative Session

December 21, 2018 The Ohio General Assembly on Dec. 18 concluded its legislative session, during which it considered a number of insurance-related bills. SB 263 – Unauthorized Branding of Titles and Electronic Signatures for Salvage Titles... Read more

Michigan Legislature Ends With a Flurry of Insurance Legislation

December 21, 2018 The Michigan Legislature on Dec. 21 ended its lame-duck session. While much of the relevant media coverage focused on the possibility of reform to Michigan’s no-fault auto system, those efforts failed to gain much momentum in the final days of session... Read more

Ohio: Legislature Passes Improved NAIC Model Cyber Security Act

December 18, 2018 The Ohio General Assembly passed on Dec. 13 SB 273, containing a number of relevant insurance provisions. Importantly, SB 273 contained an Ohio-specific adaptation of the NAIC Model Cybersecurity Act. Gov. John Kasich is expected to sign the bill into... Read more

Insurance Associations Hosting ALI Insurance Restatement Symposium

December 18, 2018 In connection with NAMIC’s ongoing challenge to the flawed and dangerous ALI Restatement of Insurance Liability, NAMIC and other insurance trade groups will conduct a symposium on Jan. 17, 2019, at the Washington, D.C., offices of Crowell & Moring... Read more

NFIP Authorization Tied to Government Funding, Set to Expire Dec. 21

December 17, 2018 With the expiration of the National Flood Insurance Program’s authority set to expire Dec. 21, the same day as broader federal spending, NAMIC continues to urge Congress to take action to avoid a lapse of the NFIP. Although members of the House and... Read more

Subcommittee Leadership Takes Shape for 116th Congress

December 17, 2018 Leadership assignments for key subcommittees continue to be filled for the next Congress as the House moves to Democratic control. Rep. Maxine Waters, D-Calif., will serve as chair of the powerful House Financial Services Committee as expected, with... Read more

HFSC Subcommittee Discusses Harmful Accounting Standard

December 17, 2018 The House Financial Services Financial Institutions and Consumer Credit Subcommittee convened for a Dec. 11 hearing titled “Assessing the Impact of FASB’s Current Expected Credit Loss (CECL) Accounting Standard on Financial Institutions and the Economy.” Read more

Heck, Hill Press Treasury on UK Covered Agreement, Importance of State-Based Insurance Regulation

December 17, 2018 Reps. Denny Heck, D-Wash., and French Hill, R-Ark., pressed the Department of Treasury’s under secretary for International Affairs, David Malpass, on why the Treasury’s policy statement issued with the European Union Covered Agreement was not included... Read more

NAMIC Meets With White House to Discuss 2019 Priorities

December 17, 2018 NAMIC joined a small group of other trade associations from both the insurance and the securities industries for a Dec. 14 roundtable discussion with White House officials on priority issues for 2019. Specifically, the administration was interested in... Read more

Grande Named Among the Top Lobbyists in Washington by The Hill

December 17, 2018 Jimi Grande, senior vice president of government affairs for NAMIC, was recognized as one of Washington’s top lobbyists by The Hill, a popular news publication covering politics and business in Congress and across the government. Grande was nominated... Read more

Insurance Associations Hosting ALI Insurance Restatement Symposium

December 17, 2018 In connection with NAMIC’s ongoing challenge to the flawed and dangerous ALI Restatement of Insurance Liability, NAMIC and other insurance trade groups will conduct a symposium on Jan. 17, 2019, at the Washington, D.C., offices of Crowell & Moring,... Read more

International Standards Act Could Pass as Part of Year-End Spending Deal

December 17, 2018 Congress is still searching for a solution to avoid a shutdown, and that solution could be the vehicle to pass the JOBS 3.0 legislative package. JOBS 3.0 contains H.R. 4537, the International Insurance Standards Act. The legislation would prevent U.S.... Read more

House Sends Farm Bill to President With No Cuts to Crop Insurance Program

December 17, 2018 After passing the Senate by a vote of 87 to 13 on Dec. 11, the House passed the 2018 Farm Bill by a vote of 386-47, sending the $867 billion legislative package to the president. Significantly, the soon-to-become law did not contain any cuts but... Read more

Momentum Building for Data Privacy Legislation Next Year

December 17, 2018 Sen. Brian Schatz, D-Hawaii, the top Democrat on the Senate Communications, Technology, Innovation, and the Internet Subcommittee, introduced a new data privacy bill Dec. 12 along with 14 Democratic co-sponsors. The bill lays out broad principles for... Read more

NAMIC Examines Developments in Drone Use

December 13, 2018 NAMIC has published a new white paper, Developments in Insurance Company Drone Use, detailing how insurance companies are finding more and greater uses in serving policyholders from developments in drone-related technology. Authored by Tom Karol, NAMIC... Read more

Iowa: Regulator Seeks Feedback on Draft Sandbox Bulletin

December 11, 2018 The Iowa insurance commissioner sent a letter Dec. 7 requesting comments on a draft bulletin to address its insurance innovation process. In the letter, the commissioner notes that Iowa has a well-established climate of encouraging innovation and... Read more

Florida: Florida Chamber Insurance Summit Tackles Ongoing and Emerging Issues

December 11, 2018 More than 200 attendees engaged with panelists and speakers on ongoing and emerging issues at the Florida Chamber Insurance Summit Nov 27-29 in Miami. NAMIC is a longtime lead sponsor of the event, which has become one of the premier insurance industry... Read more

New York: Governor Vetoes eDelivery Bill

December 11, 2018 Gov. Andrew Cuomo again vetoed legislation that would allow electronic delivery of property/casualty notices. The bill, A1683B / S2526B, would give customers options for how they would like to receive notices, including electronic receipt for those... Read more

NAMIC Works to Avoid NFIP Lapse, Congress Passes Another Extension in Funding Bill

December 10, 2018 Before the authorization of the National Flood Insurance Program was set to expire on Dec. 7, members of the House and Senate sent the president a two-week continuing resolution that extended the program’s authorization through Dec. 21. NAMIC has been... Read more

Last Ditch Effort to Pass Automated Vehicle Legislation

December 10, 2018 A new draft bill that would make changes to the Senate’s AV START Act has been circulated in Washington with the hope of reaching an agreement to have it attached to the spending bill that must pass to avoid a government shutdown on Dec. 21. House and... Read more

HUD Disparate Impact Rule Challenge Likely to Remain on Hold

December 10, 2018 A 12th Status Report on the Department of Housing and Urban Development’s disparate impact rule is due Dec. 18 in the long-pending NAMIC litigation challenging HUD’s rule in federal court. NAMIC will, yet again, press Judge Richard Leon of the... Read more

House Panel to Question Treasury Official on International Financial Issues

December 10, 2018 The House Financial Services Committee’s Subcommittee on Monetary Policy and Trade will hold a hearing Dec. 12 titled “Evaluating the Effectiveness of the International Financial Institutions,” featuring David Malpass, undersecretary for international... Read more

Senate Confirms Kraninger to Lead CFPB

December 10, 2018 The Senate voted 50-49 along party lines Dec. 7 to confirm Kathleen Kraninger to lead the Consumer Financial Protection Bureau. During a long and tumultuous nomination process, Kraninger, who will succeed Mick Mulvaney acting-CFPB director and... Read more

HFSC Subcommittee to Hold Hearing on Troubling New Accounting Standard

December 10, 2018 The House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit will hold a hearing Dec. 11 titled “Assessing the Impact of FASB’s Current Expected Credit Loss (CECL) Accounting Standard on Financial Institutions and... Read more

Washington: OIC Adopts Proposed Risk Mitigation Goods and Services Regulation

December 6, 2018 The Office of the Insurance Commissioner’s has adopted its Proposed Regulation on Risk Mitigation and Prevention Goods and Services for property insurance. NAMIC participated in the OIC workshop on the first draft of the proposed regulation and... Read more

New Jersey: Bad Faith Bill Remains a Threat for 2019

December 6, 2018 As we look ahead to 2019, the insurance industry will need to continue to keep the New Jersey Insurance Fair Conduct Act, or the bad faith bill at the forefront of its attention. The bad faith legislation would establish a cause of action for... Read more

Missouri: Regulator Proposes Rules Addressing Privacy Notices, Accounting, Reinsurance, Procedure

December 4, 2018 The Missouri Department of Insurance, Financial Institutions and Professional Registration proposed on Dec. 3 several regulations concerning various insurance matters. A copy of the proposed rulemaking, with proposals affecting health organizations... Read more

Illinois: Legislators Override Vetoes of Workers’ Comp Bills, Pass ‘Trailer Bills’ to Make Changes to Them

December 4, 2018 The Illinois General Assembly on Nov. 29 wrapped up the second half of its annual “veto session,” a two-week period every autumn when legislators address governor vetoes of bills that passed in the spring. During this period, they also can pass... Read more

President Makes Trade Deals at G20

December 3, 2018 President Trump and Chinese President Xi Jinping met for a working dinner last week at the G20 Summit in Argentina and struck a deal to hold off on additional tariffs on each other’s products until after Jan. 1. The United States already levied a 10... Read more

Key House Committee Leadership Continues to Take Shape

December 3, 2018 Rep. Patrick McHenry, R-N.C., was selected Nov. 30 to serve as the ranking member of the House Financial Services Committee in the 116th Congress. McHenry, the committee’s current vice chairman, said he was “honored” to be chosen and touted his “deep... Read more

Senate Advances CFPB Director Nominee to Final Vote

December 3, 2018 The Senate voted along party lines Nov. 30 to limit debate on controversial Consumer Financial Protection Bureau director nominee Kathy Kraninger, a senior official at the Office of Management and Budget. The vote tees up a full Senate confirmation... Read more

NAMIC Urges Treasury, National Economic Council to Move Forward With NARAB Board Appointments

December 3, 2018 NAMIC joined the collective insurance trades in writing a Nov. 27 letter to senior staff at the Department of Treasury and the National Economic Council urging them to support and move forward with appointments to the board of directors for the... Read more

Fed Discusses Financial System Vulnerabilities in Financial Stability Report

December 3, 2018 The Federal Reserve released its inaugural Financial Stability Report Nov. 28, identifying elevated asset prices, historically high debt owed by U.S. businesses, and rising issuances of risky debt as top vulnerabilities facing the U.S financial system. Read more

Wall Street Journal Editorial Supports Jobs 3.0, International Insurance Regulation Provision

December 3, 2018 The Wall Street Journal published an editorial commending House leaders for their work on JOBS 3.0, a legislative package of 32 measures that would ease regulations and promote participation in capital markets, which cleared the House last July. The... Read more

House Democratic Leadership Takes Shape

December 3, 2018 The House Democratic Caucus met Nov. 28-29 to elect leadership for the next Congress, with many of the top spots going uncontested. Reps. Steny Hoyer of Maryland, Jim Clyburn of South Carolina, and Ben Ray Lujan of New Mexico were elected unopposed to... Read more

Second Largest Data Breach in History Revealed Days After Senate Hearing With FTC

December 3, 2018 Marriot International revealed Nov. 30 that its reservation database had been breached starting in 2014 by unknown perpetrators that exposed names, addresses, passport information, credit card numbers, and potentially other information of up to 500... Read more

The Fiduciary Rule Lives On

December 3, 2018 The Securities and Exchange Commission plans to issue a final rule on its advice standards package for broker-dealers and investment advisors by September 2019, according to the agency’s regulatory agenda. Specifically, the SEC is considering... Read more

NHTSA Hosts Stakeholders on AV Safety Standards Considerations

December 3, 2018 The National Highway Transportation Safety Administration held another stakeholder meeting Nov. 28-29 on the Federal Motor Vehicle Safety Standards considerations for automated driving systems. The working group was led by researchers at Virginia Tech... Read more

Senate Legislation Would Address Auto-Dialer Issues

December 3, 2018 Sens. John Thune, R-S.D., and Ed Markey, D-Mass., announced the introduction of S. 3655, the Telephone Robocall Abuse Criminal Enforcement and Deterrence, or TRACED Act, Nov. 16 to address impediments to criminal prosecution of robocallers who... Read more

House, Senate Pass NFIP Extension One Day Before Deadline

December 3, 2018 The House and Senate sent legislation on Nov. 29 to the president to extend the National Flood Insurance Program for one week, to Dec. 7. The bill, H.R. 7817, National Flood Insurance Program Further Extension Act of 2018, was signed into law by the... Read more

Washington: NAMIC Submits Testimony Opposing Key Provisions in Proposed Risk Mitigation Regulation

November 29, 2018 NAMIC testified at the Nov. 27 rulemaking hearing on the Office of the Insurance Commissioner's Proposed Regulation on Risk Mitigation and Prevention Goods and Services for Property... Read more

NAMIC Supports New Accreditation Requirements for Use of Third-Party Financial Analysts

November 28, 2018 The Financial Regulation Standards and Accreditation (F) Committee adopted new accreditation guidance to incorporate oversight requirements when insurance departments utilize a contractor to perform the primary supervisory review of financial... Read more

Examination, Analysis Best Practices to be Shared With All States; Regulators Respond to Question About Incorporation by Reference

November 28, 2018 The Risk- Focused Surveillance Working Group discussed the results of the 2018 sessions of the NAIC peer review project and plans for upcoming sessions in 2019 when it met during the NAIC Fall National Meeting. The peer review project is a program... Read more

Innovation and Technology Task Force Discusses Anti-Rebating Laws, Cybersecurity

November 28, 2018 The Innovation and Technology (EX) Task Force discussed state anti-rebating laws as a potential obstacle to the introduction of innovative product and service enhancements when it met during the NAIC Fall National... Read more

Big Data Working Group Briefed on State Resource Need Survey, Review of Information Sharing Laws

November 28, 2018 NAIC staff members briefed the Big Data (EX) Working Group on two initiatives related to the NAIC's support of states to better understand and process complex filings using large data... Read more

Reinsurance Task Force Adopts Credit for Reinsurance Model Revisions

November 28, 2018 The NAIC Reinsurance (E) Task Force adopted proposed revisions to the Credit for Reinsurance Model Law and the Credit for Reinsurance Model Regulation to incorporate provisions of the U.S.-EU Covered Agreement in its meeting on Nov. 17 during the NAIC... Read more

Predictive Model Review Best Practices White Paper Draft Exposed for Comment

November 28, 2018 The Casualty Actuarial and Statistical (C) Task Force has exposed for public comment a draft white paper on the regulatory review of predictive... Read more

NAMIC Paper Acknowledged at First In-Person Meeting of NAIC Cannabis Working Group

November 28, 2018 NAMIC's recently released public policy paper, "Cannabis: From Criminality to Commercial Enterprise: Understanding the Intersection with Property/Casualty Insurance," was noted with appreciation in the first in-person meeting of the NAIC's Cannabis... Read more

Auto Study Group Disbanded After Setting Plans for Data Analysis and Report

November 28, 2018 The NAIC's Auto Study (C/D) Working Group was disbanded by its parent committees after it finalized plans to complete its planned report analyzing nationwide market data provided by the industry's statistical... Read more

Group Capital Calculation Template, Instructions Exposed for Comment

November 28, 2018 The Group Capital Calculation Working Group received a presentation from NAIC staff that illustrated the construction of the GCC field-testing template and corresponding when it met on Nov. 15 during the NAIC Fall National... Read more

NAMIC Responds to NHTSA on AV Deployment

November 26, 2018 NAMIC, in consultation with the members of the AV Council, submitted comments to the National Highway Traffic Safety Administration regarding its Advanced Notice of Proposed Rulemaking, Pilot Program for Collaborative Research on Motor Vehicles with... Read more

Will Data Security Take Center Stage at FTC Commissioners Hearing?

November 26, 2018 The Senate Commerce Subcommittee on Consumer Protection, Product Safety, Insurance and Data Security will hold a hearing Nov. 27 titled "Oversight of the Federal Trade Commission," where the question of if FTC should have expanded authority with... Read more

Fed’s Vice Chair Appointed to Head Financial Stability Board

November 26, 2018 The Financial Stability Board announced Nov. 26 that Randal Quarles, governor and vice chairman for supervision at the Federal Reserve has been named as its new Chair for a three-year... Read more

House Panel to Question Treasury Official on International Financial Issues

November 26, 2018 The House Financial Services Committee's Subcommittee on Monetary Policy and Trade will hold a hearing Nov. 28 titled, "Evaluating the Effectiveness of the International Financial Institutions," featuring David Malpass, undersecretary for international... Read more

Pelosi Builds Support for Speakership in 116th Congress

November 26, 2018 After more uncertainty than was expected and lots of palace intrigue, it appears that indeed House Minority Leader Nancy Pelosi, D-Calif., will once again become Speaker Pelosi when the 116th Congress convenes in January. While a small group of... Read more

Senate Panel Eyes Surface Transportation Infrastructure

November 26, 2018 The Senate Committee on Environment and Public Works will convene for a hearing Nov. 28 titled, "Addressing America's Surface Transportation Infrastructure Needs." While witnesses have not yet been publicly announced, panelists are expected to... Read more

NAMIC Continues Working to Avoid NFIP Lapse

November 26, 2018 With funding for the National Flood Insurance Program set to run out Nov. 30, NAMIC is continuing to work to avoid a program... Read more

Congressional Leadership Races Update

November 19, 2018 The House Democratic leadership picture has become a little muddled. Immediately following the election, it appeared that the top three spots in leadership were all but a lock. While Rep. Steny Hoyer still appears to be a lock for majority leader... Read more

NAMIC Pushes to Avoid NFIP Lapse Ahead of Month-End Deadline

November 19, 2018 With funding for the National Flood Insurance Program set to run out on Nov. 30, NAMIC was a signatory on a joint industry letter sent on Nov. 15 to congressional leadership and members of the House and Senate calling on Congress to take immediate... Read more

Latest Election News and How We Got Here

November 19, 2018 Everyone has voted, the results are in, and we know who will control the U.S. Senate and the U.S. House - but several races remain unresolved. As of Nov. 19, news outlets have yet to project winners in four races: one for the U.S. Senate, three for the... Read more

ALI Restatement Symposium – Save the Date

November 19, 2018 In connection with NAMIC's ongoing challenge to the ALI Restatement of Insurance Liability, NAMIC, AIA, and PCI will conduct a symposium on Jan. 17, 2019, at the Washington, D.C., offices of Crowell & Moring, 1001 Pennsylvania Ave. N.W. The symposium... Read more

Trump Administration Reviewing Automobile Parts Tariffs Report

November 19, 2018 President Donald Trump met with his top trade advisors Nov. 13 to discuss a draft report on the Commerce Department investigation into whether automobile and automotive parts imports threaten national... Read more

Fed Vice Chairman Testifies Before Congressional Committees

November 19, 2018 The House Financial Services Committee and Senate Banking Committee convened last week to hear semi-annual testimony from the Federal Reserve's vice chairman for Supervision, Randal... Read more

Senate Approves Fed Board of Governors Nominee, Prepares to Vote on CFPB Director

November 19, 2018 The Senate voted Nov. 15 to approved Michelle Bowman to be a member of the Board of Governors of the Federal Reserve System by a 64-34 margin. Bowman, Kansas' banking commissioner, is assuming a role the Fed specifically earmarked for either a... Read more

Washington: NAMIC Submits Comments to OIC’s Proposed Rulemaking on Adverse Action Consumer Notice

November 13, 2018 NAMIC has submitted written comments to the Office of the Insurance Commissioner on its Proposed Amendments to the Adverse Action Consumer Notice Regulation. According to the OIC notice, the amended regulation is intended to increase consumer awareness... Read more

New Majority Presents Challenges, Opportunities

November 13, 2018 Democrats won the House majority in the Nov. 6 elections, leaving many wondering what this means for the insurance industry. Conventional wisdom says the industry is in for a much rougher ride than under the Republican majority, and in some ways this... Read more

Fed Vice Chairman to Testify Before Congress

November 13, 2018 The House Financial Services Committee will hold a hearing Nov. 14 to hear from the Federal Reserve regarding activities and plans with respect to the supervision and regulation of depository institution holding companies and other financial firms. Read more

NAMIC Allies Announce Bids for Leadership Posts in Key Committees

November 13, 2018 Rep. Patrick McHenry, R-N.C., a long-time ally of NAMIC currently serving as the deputy majority whip in the United States House of Representatives, announced on Oct. 8 his bid to become ranking member of the House Financial Services Committee. Read more

2018 Midterm Elections Hit Voter Turnout Record

November 13, 2018 Voter turnout for the 2018 midterm elections reached new highs, as an estimated 113 million voters cast their ballots, making this year the first midterm to exceed 100 million votes. According to the United States Election Project, nearly 48 percent of... Read more

Congressional Outlook for Automated Vehicle Legislation

November 13, 2018 Democrats will take control of the U.S. House of Representatives in January, which leaves the path to becoming law for automated vehicle legislation somewhat unclear. Rep. Frank Pallone, D-N.J., was a vocal supporter of the House passed SELF-DRIVE Act... Read more

Senate Intelligence Committee Unveils Data Privacy Legislation

November 13, 2018 The Senate Intelligence Committee has released new draft data privacy legislation that attempts to grant authority to the Federal Trade Commission to oversee and assess monetary penalties to all industry sectors. The structure of the bill uses the Fair... Read more

Brookings Institution Examines 'The Future of Financial Regulation'

November 13, 2018 NAMIC attended a Nov. 9 event at the Brookings institution titled, “The Future of Financial Regulation,” which featured Randal Quarles, vice chairman of the Federal Reserve. During his keynote opening remarks, Quarles primarily discussed the changes... Read more

NAMIC Attends FEMA’s National Advisory Council Meeting

November 13, 2018 The Federal Emergency Management Agency’s National Advisory Council convened for a public session Nov. 7 to vote on recommendations to share with FEMA administrator Brock Long. The recommendations were compiled during the previous day’s standing... Read more

Cannabis Ballot Initiatives Pass in Michigan, Missouri, Utah

November 13, 2018 Michigan and North Dakota voted Nov. 6 on legalizing adult-use, recreational cannabis while Utah and Missouri voted on measures to legalize medical marijuana. The Michigan, Utah, and Missouri initiatives passed while North Dakotans rejected their... Read more

New York: DFS Meets With Industry Representatives on Cybersecurity

November 7, 2018 The New York Department of Financial Services met Nov. 2 with insurance industry representatives, including NAMIC. The meeting was in response to a coordinated industry request to discuss the DFS Frequently Asked Questions related to its cybersecurity... Read more

NAMIC Submits Comments to NAIC on Its 2019 Annual Budget

November 7, 2018 The National Association of Insurance Commissioners released its proposed 2019 budget that plans to increase spending by $12 million and increase operating revenues by $1.1 million over the 2018 budget. A majority of the increase in spending is for... Read more

NAMIC Meets With Treasury, IRS to Push for Tax Reform Rules

November 5, 2018 NAMIC met Oct. 31 with officials from the Treasury Department and Internal Revenue Service tasked with the implementation of the tax reform legislation that passed late last year. The changes to the tax code enacted as a part of the reform package... Read more

Your Vote Matters to Our Mutual Industry

November 5, 2018 The stakes could not be higher in tomorrow's midterm elections, as a battle is being waged to decide which vision of America will prevail – that of President Donald Trump or that of his... Read more

NAMIC Meets With Treasury Department, USTR on New Covered Agreement With UK

November 5, 2018 NAMIC met with the Federal Insurance Office, top Treasury officials, and the Office of the United States Trade Representative on Oct 30 to discuss their plans for negotiating a new covered agreement with the United Kingdom. The UK has requested the... Read more

Quarles to Speak at Brookings Institute Event on Financial Regulation

November 5, 2018 The Brookings Institute, a public policy think tank, will host an event Nov. 9 titled "The Future of Financial Regulation," featuring remarks by Randal Quarles, vice chairman of supervision at the Federal... Read more

CRS Reports on US-Mexico-Canada Trade Agreement

November 5, 2018 The Congressional Research Service published a report Oct. 30 on the differences between NAFTA and the newly proposed U.S.-Mexico-Canada Agreement. The new agreement is expected to be signed by all three countries at the G20 later this month. It must... Read more

House Financial Services Committee to Hold Hearing With Fed Vice Chairman for Supervision

November 5, 2018 Randal Quarles, vice chairman for supervision for the Federal Reserve, will appear before the House Financial Services Committee on Nov. 14 to provide semi-annual testimony on the efforts, activities, objectives, and plans of the Federal Reserve with... Read more

FEMA, DHS National Advisory Council Meets on Insurance, Mitigation, Preparedness

November 5, 2018 The Federal Emergency Management Agency's National Advisory Council will convene Nov. 6 for two days of meetings focused on issues concerning disaster preparedness and... Read more

NAMIC Releases Public Policy Issue Analysis on Cannabis and Insurance Intersection

November 1, 2018 NAMIC released on Oct. 31 its fourth public policy issue analysis of the year. The latest analysis is titled "Cannabis – From Criminality to Commercial Enterprise: Understanding the Intersection With Property/Casualty Insurance." The issue analysis... Read more

South Carolina: DOI Holds Annual Conference to Announce Legislative Agenda

November 1, 2018 NAMIC participated in the South Carolina Insurance Department's annual legislative conference on Oct. 31 in Columbia. More than 100 industry representatives registered to visit with Insurance Director Ray Farmer and his staff during the event. A link... Read more

Oregon: DFR Disseminates Proposed Amended Regulation on Annual Financial Statement Forms, Blanks

October 30, 2018 The Oregon Division of Financial Regulation has disseminated a proposed amended regulation that prescribes the required financial statement forms, with instructions, to be filed annually by insurers; the required financial statement forms, with... Read more

Washington: OIC Disseminates Regulatory Notice of Proposed Rulemaking on Adverse Action Consumer Notice

October 30, 2018 The Office of the Insurance Commissioner has disseminated a notice and Proposed Amendments to the Adverse Action Consumer Notice Regulation. Written comments are due by... Read more

Florida: NAMIC Thought Leaders on Blockchain, Automated Vehicles Featured at Annual Chamber Insurance Summit

October 30, 2018 The Florida Chamber Insurance Summit will be held Nov. 27-29, 2018, in Miami, providing interactive discussions on crucial issues facing the Florida insurance industry. Besides insurance executives, elected officials and political leaders will also be... Read more

NCOIL: NAMIC Joins National Trades in Outlining Concerns With Proposed Private Flood Insurance Amendments to Disaster Mitigation Legislation

October 30, 2018 NAMIC submitted a letter on Oct. 25 to the National Council of Insurance Legislators along with the other national trade associations expressing concern over proposed amendments to the NCOIL State Flood Disaster Mitigation and Relief Model... Read more

Treasury to Negotiate Another Covered Agreement With United Kingdom

October 29, 2018 The Federal Insurance Office and the Office of the United States Trade Representative have notified Congress of their intent to negotiate a new covered agreement with the United Kingdom. This would be the second such covered agreement to be negotiated... Read more

Immigration Ombudsman Hosting Session on H-1B Visa Petitions

October 29, 2018 The Office of the Citizenship and Immigration Services Ombudsman will host a listening session about how the suspension of premium processing for H-1B visa petitions is affecting businesses and H-1B beneficiaries. The session will be held... Read more

NAMIC Helps Guide ULC Committees on Drones, AVs

October 29, 2018 Committees of the Uniform Law Commission met in Detroit Oct. 26-28 to continue work on model laws governing drone use and automated driving systems. As an official observer of both committees, NAMIC was on hand and actively participated in the... Read more

HUD Challenge to Remain on Hold

October 29, 2018 NAMIC's continued challenge to the U.S. Department of Housing and Urban Development disparate impact rule, promulgated in 2103, has yet again been stayed in the District Court of the District of... Read more

Win a NAMIC PAC Prize With Election Trivia

October 29, 2018 The midterm elections are Nov. 6 when voters will elect candidates for 35 seats in the U.S. Senate, the entire House of Representatives, 36 governors, and thousands of other state and local elective offices across the... Read more

FTC to Update Gramm-Leach-Bliley-Act Data Security Rules

October 29, 2018 Included in the Trump administration's fall regulatory agenda is the announcement of a long-awaited report to be submitted to the Federal Trade Commission in November that could lead to updated federal data security rules for the financial services... Read more

Trade Tensions Could Impact Auto Costs

October 29, 2018 Central to the administration's trade policies are attempts to increase manufacturing jobs in the United States. While this is a well-intentioned goal, many of the tariffs being implemented to further this effort target automobile and auto parts... Read more

FEMA Indicates Forthcoming Action on NFIP WYO Compensation

October 29, 2018 The Federal Emergency Management Agency has indicated it could soon issue the initial stages of a rulemaking affecting writers in the National Flood Insurance Program's Write-Your-Own... Read more

Illinois: Governor Issues Executive Order Establishing ‘Autonomous Illinois’ Initiative

October 25, 2018 Gov. Bruce Rauner issued Executive Order 2018-13 on Oct. 25 instructing the state’s Department of Transportation to lead the “Autonomous Illinois” initiative. The initiative is to “promote the development, testing and deployment” of connected and autonom Read more

Pennsylvania: Legislature Adjourns, Passes CGAD, Workers’ Comp Reform; Statute of Limitations Bill Stalls in Senate

October 25, 2018 The Pennsylvania General Assembly adjourned its two-year legislative session on Oct. 17, having considered several bills with potential impacts on the property/casualty insurance industry. In the workers’ compensation realm, the General... Read more

NAMIC, Other Trades Submit ALI Response Model to NCOIL

October 25, 2018 PCI and AIA have signed on to NAMIC’s legislative model response to the ALI Law of Liability Insurance Restatement, which was submitted to the National Council of Insurance Legislators for consideration in developing its own proposal. Read more

Financial & Regulatory Brief: In the States

October 25, 2018 Pennsylvania is the 25th state to adopt the NAIC Corporate Governance Annual Disclosure after their governor signed the bill that passed both legislative chambers in October. One other state... Read more

Financial & Regulatory Brief: At the NAIC

October 25, 2018 NAMIC submitted a comment letter to the Investment Risk-Based Capital Working Group on a proposal that would update the bond designation factors included in the property/casualty RBC formula. The IRBCWG has decided to expand the... Read more

Financial & Regulatory Brief: In the World

October 25, 2018 NAMIC is working with members on a response to the International Association of Insurance Supervisors regarding the Insurance Capital Standard 2.0 Consultation document.... Read more

Financial & Regulatory Brief: In the Nation

October 25, 2018 The Federal Insurance Office’s annual report was submitted to Congress and the president in September. It highlighted the Economic Growth, Regulatory Relief and Consumer Protection Act... Read more

Treasury to Negotiate New Covered Agreement With United Kingdom

October 24, 2018 The Federal Insurance Office and the Office of the United States Trade Representative have notified Congress of their intent to negotiate a new covered agreement with the United Kingdom. This would be the second such covered agreement to be... Read more

NAMIC Hosts First Annual Government Affairs Conference

October 22, 2018 NAMIC hosted its first annual Government Affairs Conference Oct. 17-18 in Washington, D.C., beginning the event with the individual meetings of the Federal Affairs Committee and the State Affairs Committee. These committees play an important role in... Read more

Uniform Law Commission to Meet on Drones, Automated Vehicles

October 22, 2018 Uniform Law Commission committees drafting proposed uniform state laws on drones and autonomous vehicles will both meet in Detroit on Oct. 26-28. NAMIC is an official observer to both committees and will advocate for the principles adopted by the... Read more

HUD Status Report Offers Little Progress

October 22, 2018 NAMIC submitted a joint status report with the Department of Housing and Urban Development as part of the ongoing challenge to HUD's disparate impact rule in response to the district court's July order staying the... Read more

In Aftermath of Hurricane Michael, Homes in Panhandle Revealed to Have Weakened Codes

October 22, 2018 Following the devastating aftermath of Hurricane Michael, it has been revealed that unlike homes in South Florida and other parts of the state, those in the Panhandle had an exemption that until recently did not require homeowners to build to modern... Read more

Your Vote Matters to Our Mutual Industry

October 22, 2018 The stakes could not be higher in the upcoming U.S. midterm elections, as a battle is being waged to decide which vision of America will prevail. Control of statehouses, the House of Representatives, and the Senate are at stake. Political observers on... Read more

Trump Administration to Begin Negotiating Three New Trade Deals

October 22, 2018 The United States Trade Representative officially notified Congress on Oct. 16 that the Trump administration intends to negotiate three separate trade agreements with Japan, the European Union, and the... Read more

Conn. Congressmen Hold Press Conference on New Crumbling Foundations Ruling From the IRS

October 22, 2018 Reps. John Larson, D-Conn., and Joe Courtney, D-Conn., held a press conference Oct. 16 with Bonnie Stewart, executive director of the Connecticut Society of Certified Public Accountants, and Brenda Draghi, attorney for those affected by crumbling... Read more

Georgia: Post-Michael Claims Village Scheduled in Albany Oct. 18-19

October 18, 2018 NAMIC has learned that the Georgia Department of Insurance has scheduled a Catastrophe Claims Village in Albany on Oct. 18 and Oct. 19. "Georgia residents have suffered serious losses, and we are here to help them on the road to recovery,” said... Read more

NAIC Working Group Adopts New Examination Procedures to Test Insurers Cybersecurity Controls

October 16, 2018 The NAIC's IT Examination Working Group adopted new examination procedures for the Financial Condition Examiners Handbook, including key sections from the NAIC Insurance Data Security Model Law, #668. The changes will be included in the next version... Read more

UAS Privacy Provisions Become Law in FAA Reauthorization Bill

October 8, 2018 A 5-year bill that would authorize federal aviation safety and infrastructure programs set to expire was signed into law Oct. 5 by President Trump. Read more

NHTSA Unveils New AV Regs Proposal

October 8, 2018 The National Highway Traffic Safety Administration has announced the publication of "Automated Vehicles 3.0 Preparing for the Future of Transportation," which will appear in the Federal Register. Read more

Historic Disaster Reforms Signed Into Law

October 8, 2018 President Donald Trump signed into law a set of historic disaster mitigation reforms on Oct. 5, fulfilling a long-standing goal of NAMIC's. Read more

FEMA Takes Steps to Expand Private Flood Market

October 8, 2018 A new policy from the Federal Emergency Management Agency went into effect Oct. 1 to increase the involvement of the private sector in the flood insurance market. The change ends the Write-Your-Own non-compete clause, which had prevented WYO... Read more

Pennsylvania: House Advances Civil Statute of Limitations Extension With Revivor Clause

October 4, 2018 The House of Representatives on Sept. 25 passed an amended version of Senate Bill 261, relating to statutes of limitation for sexual misconduct. The bill eliminates the criminal statute of limitations for sexual abuse of children and extends the... Read more

Michigan: Governor Mandates Establishment of Anti-Fraud Unit, Funding Expected to Come From Industry

October 2, 2018 Gov. Rick Snyder issued on Sept. 11 an executive order creating an anti-fraud unit in the Michigan Department of Insurance and Financial Services. Broadly, the DIFS anti-fraud unit is tasked with investigating criminal and fraudulent activity related... Read more

A.M. Best Plans to Evaluate Insurers' Innovation and Incorporate Assessments in Credit Ratings

September 27, 2018 A.M. Best indicated in a recent report on innovation that it plans to develop new criteria to evaluate insurers' innovation and will explore how to incorporate the resulting assessment into its credit rating methodology. Read more

North Carolina/South Carolina: Oct. 1 Insurance Camp in N.C. cancelled; Insurance Village in S.C. Scheduled Instead

September 27, 2018 NAMIC has heard from the North Carolina and South Carolina insurance departments that there has been a change to the Insurance Camp/Village schedule for Monday, Oct. 1. Read more

North Carolina: Last Round of Insurance Camps Scheduled

September 25, 2018 The North Carolina Department of Insurance has again asked NAMIC to communicate to members plans for post-Florence Insurance Camps. As you know from the Sept. 21 State of the States, Insurance Camps are taking place in New Bern on Sept. 25 and... Read more

Start the Bidding … NAMIC PAC’s 2018 Silent Auction is Now Live

September 24, 2018 If you are attending NAMIC's Annual Convention in San Antonio, remember to stop by Advocacy Central located in Hall 1 Registration North in the Henry B. González Convention Center to place a bid on one or many exciting products and experiences. Read more

NAMIC-Led BuildStrong Coalition Pushes Congress to Pass Disaster Reform Legislation

September 24, 2018 In the wake of Hurricane Florence causing widespread destruction in the Carolinas and Mid-Atlantic, the BuildStrong Coalition is launching an aggressive push asking Congress to pass legislation as soon as the week of Sept. 24 to better protect... Read more

Senate Banking Holds Hearing on Fintech, Discusses Federal Breach Notification Standards

September 24, 2018 NAMIC attended a Senate Banking hearing on Sept. 18 titled “Fintech: Examining Digitization, Data, and Technology” which featured the following witnesses: Steven Boms, president, Allon Advocacy, on behalf of Consumer Financial Data Rights Stuart Rubi... Read more

FACI Convenes for Final Meeting in 2018, Discusses FIO Developments, Risk Transfer

September 24, 2018 NAMIC attended the Federal Advisory Committee on Insurance’s September meeting on Sept. 18, which featured Federal Insurance Office updates from Director Steve Dreyer and a presentation on “Public Sector Risk and Risk Transfer – A Perspective to... Read more

Maine Insurance Superintendent Tapped to Join FSOC

September 24, 2018 State insurance regulators last week appointed Eric Cioppa, current superintendent of the Maine Bureau of Insurance, to a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council. Cioppa will... Read more

New U.S. Tariffs on China Include Auto Parts

September 24, 2018 The Trump administration announced on Sept. 17 new tariffs on $200 billion of Chinese-made goods based on the finding in the United States Trade Representative’s investigation of China under Section 301 of the Trade Act of 1974. The tariffs will be... Read more

Justice Department Statement of Interest in New Asbestos Trust Proposal

September 24, 2018 The Department of Justice filed a groundbreaking Statement of Interest on Sept. 13 related to the creation of a new asbestos trust in In re Kaiser Gypsum Co. in the U.S. Bankruptcy Court for the Western District of North Carolina. The debtors in the... Read more

California: CDI Disseminates Proposal to Eliminate Gender as Optional Auto Insurance Rating Factor – FEEDBACK REQUESTED

September 21, 2018 The California Department of Insurance has scheduled a pre-notice discussion for Oct. 2, 2018, with the insurance industry on its Regulatory Proposal to Eliminate Gender as an Optional Auto Insurance Rating Factor. According to the CDI, the proposed... Read more

Colorado: DOI Adopts Revised Regulations on Third-Party Auto Insurance Settlements

September 21, 2018 The Colorado Division of Insurance has adopted Revised Regulation 5-2-15, Consumer Protection for Vehicle Valuation and Rental Reimbursement. The revised regulation goes into effect on Nov. 1, 2018. NAMIC included an article in the Sept. 21 edition of... Read more

North Carolina: Post-Florence Claims Insurance Camps Set for Sept. 25-26

September 21, 2018 NAMIC received a communique on Sept. 21 from the North Carolina Department of Insurance on Insurance Camps scheduled for Sept. 25-26. In Chief Deputy Commissioner Michelle Osborne’s letter, she expressed the department’s appreciation with the... Read more

Texas: NAMIC Provides Feedback on Proposed DMV Legislation

September 20, 2018 NAMIC provided feedback on Sept. 19 to the Texas Department of Motor Vehicles on its proposed legislation for the 2019 Texas legislative session. NAMIC pointed out the proposed bill should be further refined to clarify what constitutes a declared... Read more

In the States: NAIC Financial Regulation Model Updates

September 20, 2018 There are 24 states that have adopted one or both NAIC models on the Corporate Governance Annual Disclosure. Two states– Massachusetts and Pennsylvania – have introduced bills that would require insurers to document information about their corporate... Read more

At the NAIC: NAMIC Working With Trades to Respond to NAIC on GCC; New IT Examination Procedures Exposed for Comment; Maine Superintendent of Insurance Appointed to FSOC

September 20, 2018 NAMIC is working with members and a group of trade associations to offer responses to questions posed by NAIC staff regarding the development of the Group Capital Calculation. The Scope of Group/Non-Insurance Testing memo (Att. 2 – GCC Memo) that was... Read more

In the World: Insurance Capital Standard 2.0 to be Compared Against All Other Approaches, Including the U.S. Aggregation Approach; ComFrame Consultation Includes Changes to Scope of Group; IAIS Stakeh

September 20, 2018 The International Association of Insurance Supervisors released for consultation Insurance Capital Standard 2.0 with a comment deadline of Oct. 30. When completed, the capital standard will be used as the “reference version” to compare different... Read more

In the Nation: House Passes Legislation to Limit Federal Reserve Oversight of ISLHCs; Consumer Information Notification Requirement Act Approved by House Financial Services Committee

September 20, 2018 The House of Representatives recently passed legislation that would limit the Federal Reserve’s oversight of the insurance subsidiaries of insurance savings and loan holding companies. NAMIC has supported this legislation since its introduction in the... Read more

North Carolina: DOI Insurance Camp for Post-Florence Efforts Scheduled in Kinston

September 18, 2018 The North Carolina Department of Insurance has asked NAMIC to share with members companies that the first “Insurance Camp” to assist with post-Florence claims activity will take place Thursday, Sept. 20, 2018, at Lowes located at 4489 Hwy 70 West in... Read more

Washington: NAMIC Submits Comments on Proposed Risk Mitigation Regulation

September 13, 2018 NAMIC has submitted written comments to the Office of the Insurance Commissioner on the office’s second draft of the Proposed Regulation on Risk Mitigation for Property Insurance. The OIC held a workshop on the first draft proposed regulation, which... Read more

South Carolina: DOI Holds Insurance Data Security Act Information Session

September 11, 2018 The South Carolina Department of Insurance held an informational session Sept. 10 on the new Insurance Data Security Act. NAMIC was in attendance, along with about 45 other industry and interested-party representatives, for the two-hour session. Read more

Alabama: DOI Terminates Request for Information From Insurers

September 11, 2018 Updating a NAMIC advisory published Sept. 6 regarding an information request posted by the Alabama Department of Insurance on the System for Electronic Rate and Form Filings, or SERFF, the department posted on Sept. 7 that no more replies to the... Read more

Washington: Department of Licensing Provides NAMIC With New Explanatory Information on Motor Vehicle ADR Changes

September 7, 2018 The Department of Licensing has provided to NAMIC additional information on the motor vehicle ADR changes. At NAMIC’s request, the DOL has also agreed to host a call for insurers on any industry questions pertaining to the new ADR policy. If you... Read more

California: CDI Releases Final Draft of Revised Proposed Regulation on Workers’ Compensation Deductible Policies – FEEDBACK REQUESTED

September 7, 2018 The California Department of Insurance held a public hearing Aug. 13 on Reg. 20017-00018, Workers’ Compensation Deductible Policies. The proposed regulation imposes new requirements on insurers offering workers’ compensation deductible policies. NAMIC... Read more

Washington: Department of Licensing Seeking Comment on Proposed Novice Driver Safety Legislation Draft – FEEDBACK REQUESTED

September 6, 2018 The Department of Licensing has asked interested stakeholders for their opinions on proposed legislation to address safety concerns posed by novice drivers. As noted in a DOL fact sheet, motor vehicle crashes are the leading cause of death for people... Read more

Colorado: NAMIC Submits Comments on DOI Revised Proposed Regulations for Third-Party Auto Insurance Settlements

September 6, 2018 NAMIC has expressed concerns to the Colorado Division of Insurance about their Revised Draft Regulation 5-2-15, Consumer Protection for Vehicle Valuation and Rental Reimbursement. The proposed revised regulation addresses a number of NAMIC’s concerns... Read more

Alabama DOI Requests Information from Insurers

September 6, 2018 The Alabama Department of Insurance has posted a message on the System for Electronic Rate and Form Filings, or SERFF, requesting information from homeowners and personal auto carriers. The message reads as follows: The Alabama Department of Insurance... Read more

Illinois: Governor’s Amendatory Veto Strips Insurance Provision From “Turo” Bill

September 4, 2018 Gov. Bruce Rauner amendatorily vetoed* SB 2641, a bill to regulate “car-sharing” companies such as Turo, Aug 28, sending it back to the General assembly with specific recommendations for change. Car-sharing, where the owners of vehicles temporarily... Read more

California: Auto Repair Labor Rates Bill Died at End of Session

September 4, 2018 AB 2276, Motor Vehicle Insurance: Auto Body Repair, which NAMIC actively supported in conjunction with its state advocacy partners, died in the Senate after passing out of the Assembly by a 58-1 vote. The two-year legislative session adjourned at the... Read more

Washington: NAMIC asks DOL and OIC to Schedule Industry Meeting and Delay Implementation of Changes to MVR Records Reporting

September 4, 2018 NAMIC has made a formal request to the Department of Licensing and the Office of the Insurance Commissioner to schedule an industry meeting and delay implementation of the proposed changes to the MVR – titled as ADR – records reporting. Read more

California: Governor Signs Homeowners’ Insurance Estimating Replacement Cost Bill

August 30, 2018 Gov. Jerry Brown has signed into law AB 1797, Residential Property Insurance, that requires homeowners’ insurers issuing replacement cost coverage policies to provide an estimate of the cost necessary to rebuild or replace the insured structure every... Read more

Illinois: Governor’s Amendatory Veto Removes Civil Litigation Portion of Workers’ Comp Prompt Pay Bill

August 30, 2018 Gov. Bruce Rauner on Aug. 28 amendatorily vetoed SB 904, a workers’ compensation “prompt pay” bill that would have allowed providers to bypass the workers’ compensation system and sue in civil court for payment of certain claims. While the amendatory... Read more

Washington: NAMIC Secures Additional Information on Proposed Rulemaking on Adverse Action Consumer Notice

August 30, 2018 The Office of the Insurance Commissioner has amended its notice on Proposed Amendments to the Adverse Action Consumer Notice Regulation to reflect that comments from insurers are now due on Oct. 23. Since no proposed text has been provided to insurers... Read more

Alaska: NAMIC-Supported Workers’ Compensation Omnibus Bill Signed Into Law

August 30, 2018 NAMIC-supported HB 79, Workers’ Compensation Omnibus bill, has been signed into law by Gov. Bill Walker. The bill has varying effective dates, as set forth in Sections 24 and 27 through Section 29. Although HB 79 was extensively amended and revised to... Read more

Massachusetts: DOI Hosting Discussion on Dog-Related Claim Data Reporting

August 30, 2018 The Division of Insurance will host a discussion on Sept. 5 to collect industry input to consider as the division prepares the legislatively required reporting relating to dog claims. The discussion will begin at 10 a.m. EDT. Read more

Washington: OIC Disseminates Notice of Proposed Rulemaking on Adverse Action Consumer Notice

August 28, 2018 The Office of the Insurance Commissioner has disseminated a notice to insurers that it plans to begin formal rulemaking on Sept. 13 on Proposed Amendments to the Adverse Action Consumer Notice Regulation. No proposed text has been... Read more

Illinois: Governor Trims Workers’ Comp, Short-Term Health Provisions From Omnibus Insurance Bill

August 28, 2018 The Illinois Constitution grants the governor the power to amendatorily veto a bill, which means returning the bill along with specific recommendations for change to the General Assembly. The legislators can then override the veto, accept the... Read more

Hawaii: Update on DOI Authorizing Use of Nonresident, Unlicensed Independent Adjusters Post-Hurricane Lane

August 28, 2018 NAMIC issued a Compliance Alert on Aug. 23 regarding the insurance division issuing a declaration on the assistance of nonresident unlicensed independent adjusters after Hurricane Lane. The association has subsequently been informed that the... Read more

Colorado: DOI Schedules Rulemaking on Proposed Regulation on Vehicle Valuation, Rental Reimbursement – FEEDBACK REQUESTED

August 28, 2018 The Colorado Division of Insurance has scheduled a rulemaking hearing for Sept. 4 at 1 p.m. MDT on Proposed Amended Regulation 5-2-15, which amends current law on Consumer Protection for... Read more

Montana: DOLI Schedules Rulemaking for Workers’ Comp Rules – REQUEST FOR FEEDBACK

August 28, 2018 The Montana Department of Labor and Industry has scheduled a public hearing for Aug. 31 on a proposed regulation pertaining to... Read more

NAMIC PAC Hosting Luncheon With Fiorina at Convention

August 27, 2018 One of the most anticipated events at this year’s Annual Convention is NAMIC PAC’s VIP Luncheon with Carly Fiorina. Fiorina, an American businesswoman, political figure, and... Read more

NAMIC PAC Election Update: Congressional Primary Season

August 27, 2018 NAMIC PAC furthers NAMIC’s advocacy efforts by supporting candidates who help advance the policy goals of the property/casualty insurance industry. NAMIC political staff constantly observes the ongoing political climate, and... Read more

NAMIC Member Companies Host Members of Congress

August 27, 2018 During the past week, multiple members of Congress visited NAMIC members to learn about issues affecting their companies, as well as the property/casualty insurance industry. Rep. Jim Jordan, R-Ohio, visited Ohio Mutual in Bucyrus, Ohio, on Aug. 22 to... Read more

NHTSA, EPA Considering Insurance Costs in Proposed Emissions Rules

August 27, 2018 The National Highway Traffic Safety Administration and the Environmental Protection Agency are proposing new rules to revise the existing corporate average fuel economy and tailpipe carbon dioxide emissions standards for passenger cars and light... Read more

Senate Committee Holds Hearing on Key Homeland Security Posts

August 27, 2018 The Senate Committee on Homeland Security & Governmental Affairs held a nomination hearing Aug. 22 to hear from Peter Gaynor, nominee to be deputy administrator for the... Read more

NAMIC Works to Advance Disaster Resilience Policy in Senate

August 27, 2018 With summer recess winding down and senators already back to work on Capitol Hill, NAMIC is continuing to work to advance the Disaster Recovery Reform Act in... Read more

Senate Banking Committee Approves Key Nominations to CFPB, Export-Import Bank

August 27, 2018 The Senate Banking Committee convened Aug. 23 to vote on nominees to lead three government agencies, the Consumer Financial Protection Bureau, the Export-Import Bank, and the... Read more

In the States: NAIC Financial Regulation Model Updates

August 23, 2018 In June, Missouri became the latest state to adopt the NAIC Corporate Governance Annual Disclosure Model Act. There are now 24 states that have adopted one or... Read more

At the NAIC: NAMIC Report on NAIC Summer National Meeting

August 23, 2018 NAMIC staff traveled to Boston for the NAIC Summer National Meeting, and while it did not feature much by way of final or momentous decisions, it did offer not just the contemplation of action but material developments in a number of areas... Read more

In the World: IAIS Releases Final ICS Consultation Before Field Testing Begins; Public Disclosure Standard Issued for Comment; IAIS Paper on Board Role Incongruent With U.S. Standards

August 23, 2018 Released following the International Association of Insurance Supervisors’ Global Seminar in Moscow were final consultations on ComFrame and the Insurance Capital Standard 2.0  that is part of... Read more

In the Nation: House Passes International Insurance Standards Act, Approves State Insurance Regulation Preservation Act; Senate Bill Would Elevate State Insurance Commissioner Role on FSOC

August 23, 2018 The House of Representatives passed on July 17 a legislative package that included the International Insurance Standards Act. The bill would provide significant protections for the state-based system of insurance regulation from being... Read more

Nevada: NAMIC Meets With DOI on Use of DUI Offenses in Rating – Insurers Must Comply With Guidelines

August 23, 2018 NAMIC met with the Department of Business and Industry, Division of Insurance about its DUI Violations Advisory, which impacts insurers’ auto rating practices. The technical guidance advisory was... Read more

Colorado: DOI Requests Feedback on Proposed Revised Bulletin on Homeowners’ Right to Obtain Additional or Enhanced Coverages

August 23, 2018 The Colorado Division of Insurance has disseminated a draft proposed revised bulletin: B-5.35, Homeowners’ Right to Obtain Additional or Enhanced Coverages. It has asked for... Read more

South Carolina: DOI Seeking Storm Ready Expo Participants

August 21, 2018 The South Carolina Department of Insurance is holding its annual Storm Ready Expo on Sept. 15 at the West Ashley Home Depot on 2008 Magwood Dr. in... Read more

California: Conference Committee Removes Inverse Condemnation Liability Reform for IOUs From Further Discussion

August 21, 2018 Democratic state Sen. Bill Dodd informed the media on Aug. 17 that state's current liability law, which investor-owned utilities have... Read more

Idaho: DOI Disseminates Proposed Legislation – FEEDBACK REQUESTED

August 21, 2018 The Idaho Department of Insurance has disseminated to the insurance industry drafts of three proposed bills the IDOI plans on introducing in the... Read more

Washington: OIC Disseminates Second Draft of Proposed Regulation on Risk Mitigation for Property Insurance

August 21, 2018 The Office of the Insurance Commissioner has disseminated its second draft of its Proposed Regulation on Risk Mitigation for Property Insurance. The OIC recently held a workshop on the first draft proposed regulation... Read more

Candidates, Lawmakers Meet With NAMIC Members During August Recess

August 20, 2018 The halls of Congress may be a little less crowded during August, but the annual in-district work period gives congressional members the opportunity to... Read more

NAMIC Consulting with Lawmaker on Draft Federal Cybersecurity Legislation

August 20, 2018 NAMIC and other insurance industry advocates are working with Rep. Blaine Luetkemeyer, R-Mo., to provide feedback on draft cybersecurity legislation that he is planning to introduce when the House returns from its August recess. NAMIC has been engaged... Read more

NAMIC Files Disparate Impact Comments With HUD

August 20, 2018 NAMIC filed comments with the Department of Housing and Urban Development on Aug. 20 making clear that HUD must revise its disparate impact rule to comply with the rulings of the... Read more

NAMIC Hosts Discussion With Former FAA Counsel on Drone Regulation

August 20, 2018 The NAMIC Drone Working Group hosted an Aug. 15 call with Reggie Govan, former general counsel of the Federal Aviation Administration, and Ben Husch, transportation director of... Read more

Check Out NAMIC PAC at Convention

August 20, 2018 During NAMIC's 123rd Annual Convention in San Antonio, NAMIC PAC has many opportunities for attendees to have a little fun while investing in our important efforts to support industry-friendly political candidates. Read more

NAMIC Hosts Discussion With British Insurance Industry on New UK AV Law

August 20, 2018 The NAMIC Automated Vehicles Council hosted a call with representatives from the British insurance industry Aug. 15 to learn about the AV law recently enacted in the United Kingdom. During the conversation with... Read more

Oregon: DFR Agrees to Consider Insurer Requests for Time Extension to Comply With ‘Non-Specified Gender Identification’ Bulletin

August 16, 2018 The Oregon Division of Financial Regulation issued Bulletin DFR 2018-3 regarding non-specific gender designations and actions required by insurers to accommodate persons who do not designate a gender on their driver’s licenses, identification cards, or... Read more

Montana: DOL Schedules Rulemaking for Workers’ Comp Rules

August 16, 2018 The Montana Department of Labor and Industry has scheduled a public hearing for Aug. 31 on a proposed regulation pertaining to New Rules I – Calculating Subsequent Injury Fund paid and New Rule II – Use of signatures when documents are being... Read more

California: NAMIC Submits Comments on Revised Proposed Regulation on Workers’ Comp Deductible Policies

August 16, 2018 NAMIC has submitted written comments to the California Department of Insurance on Reg. 20017-00018, Workers’ Compensation Deductible Policies. The proposed regulation imposes new requirements on insurers offering workers’ compensation deductible... Read more

Accreditation Guidance for Third-Party Analysts Exposed for Comment

August 16, 2018 The Financial Regulation Standards and Accreditation (F) Committee exposed a memo for a 30-day comment period on proposed revisions to the Review Team Guidelines to incorporate when insurance departments utilize a contractor as a primary supervisor of... Read more

Accounting Group Defers Action on Credit Losses, Adopts Tax Reform Measures

August 16, 2018 The Statutory Accounting Principles Working Group adopted five non-substantive revisions and exposed 18 non-substantive and four substantive revisions to statutory accounting during its two-and-one-half hour meeting on Aug. 4. In addition to these... Read more

Climate Change Hears Presentations on Disclosures from International Organizations

August 16, 2018 The Climate Change and Global Warming (C) Working Group heard a presentation from an organization called Principles for Responsible Investment that advocated for a disclosure from insurance companies citing their metrics and targets for climate-related... Read more

NAMIC Cites High Consumer Satisfaction While Questioning Need for Rate Increase Explanations

August 16, 2018 The provision of consumer disclosures explaining the reasons for a large rate increase may best be left to the marketplace as a potential feature to highlight for consumers, NAMIC suggested during a meeting of the NAIC’s Transparency and Readability of... Read more

Model Bulletin to Prohibit Pre-Dispute Mandatory Arbitration Clauses in Personal Lines Adopted

August 16, 2018 The NAIC’s Pre-Dispute Mandatory Arbitration Clauses (D) Working Group and the Market Regulation and Consumer Affairs (D) Committee approved a model bulletin intended to prohibit the use of arbitration, choice of law, and choice of venue clauses in... Read more

NAMIC, Industry Encourage Regulators to Share Examination Best Practices With All States

August 16, 2018 There was a lot of positive discussion among regulators and the industry at the Risk-Focused Surveillance Working Group meeting about ways to improve the NAIC Peer Review Program for both the financial analysis and financial examination functions. In... Read more

NAMIC-Backed Industry Proposal on Group Capital Exposed for Comment – Feedback Requested

August 16, 2018 The Group Capital Calculation Working Group discussed several comment letters received on an updated NAIC staff memorandum related to the scope of the group and treatment of non-insurance entities in the group capital calculation. NAMIC and other... Read more

Reinsurance Task Force Hears From NAMIC, Others on Revisions to Credit for Reinsurance Model Law, Regulation

August 16, 2018 The Reinsurance (E) Task Force discussed proposed revisions to the Credit for Reinsurance Model Law and the Credit for Reinsurance Model Regulation proposed to incorporate provisions of the U.S.-EU Covered Agreement in its meeting on Aug. 6 during the... Read more

Big Data Working Group Updated on Plans to Develop Best Practices for Model Review

August 16, 2018 The Big Data (EX) Working Group heard an update from the Casualty Actuarial and Statistical (C) Task Force on CASTF’s plans to develop best practices and regulatory guidance for the review of complex predictive models when it met in Boston during the... Read more

Auto Study Group Lays Plans for Data Analysis and Report

August 16, 2018 The NAIC’s Auto Study (C/D) Working Group discussed an outline for its planned report analyzing nationwide market data provided by the industry’s statistical agents and heard reports on two analyses performed by the Missouri Insurance Department... Read more

Innovation and Technology TF Adopts Initiatives to Explore Innovation in Regulation

August 16, 2018 The Innovation and Technology (EX) Task Force approved a plan to tackle three new regulatory innovation projects and tapped North Dakota Commissioner Jon Godfread to lead in these efforts. The task force also heard a presentation from the United... Read more

Texas: NAMIC Comments on Proposed Standardized Catastrophe Data Call

August 14, 2018 NAMIC provided comments Aug. 14 to the Texas Department of Insurance on the proposed standardized catastrophe data call. NAMIC has long urged TDI to adopt a standardized catastrophe data call to reduce the compliance burden created by data calls that... Read more

South Carolina: DOI Holds Data Security Act Information Session; WC Commissioner Holds Claims Workshop

August 14, 2018 Following up on the evident desire for additional compliance clarification and education expressed by NAMIC and others in the industry, the South Carolina Department of Insurance has scheduled a Data Security Act Information Session for Sept. 10 from... Read more

Colorado: DOI Schedules Rulemaking on Proposed Regulation on Vehicle Valuation, Rental Reimbursement – FEEDBACK REQUESTED

August 14, 2018 The Colorado Division of Insurance has scheduled a rulemaking hearing for Sept. 4 at 1 p.m. MDT on Proposed Amended Regulation 5-2-15, which amends current law on Consumer Protection for Vehicle Valuation and Rental Reimbursements. Please provide... Read more

California: CDI Says Prop 103 Allows Policyholders to Inspect Insurers’ Underwriting Guidelines

August 14, 2018 The California Department of Insurance issued a press release contending that its department’s legal counsel has determined that “that under insurance reform law Proposition 103, insurers' underwriting rules submitted with a rate application must be... Read more

Kansas: Court of Appeals Strikes Down Workers’ Compensation Reform

August 14, 2018 The Kansas Court of Appeals struck down on Aug. 3 the part of the 2013 workers’ compensation reform that required the “Sixth Edition of the American Medical Association Guides to the Evaluation of Permanent Impairment” be used for measuring the... Read more

California: NAMIC Joins Industry in Submitting Alert to Assembly on Wildfire-Related Insurance Bills

August 9, 2018 SB 917: Insurance policies, as amended on July 2 and SB 894: Property Insurance, as amended on July 5, are scheduled for third reading in the Assembly on Aug. 9... Read more

Oregon: Pro-Business Tax Reform Ballot Measure Meeting Scheduled, Insurers Invited to Attend Webinar

August 9, 2018 Initiative Petition 31, now known as Measure 104, has qualified for the November general election. The coalition “Yes on 104, End Easy Tax Hikes” will be hosting a webinar on the initiative and campaign to pass this tax reform measure... Read more

New Hampshire Shares Discussion Draft of Rule on Filings

August 7, 2018 In a communication to interested parties, the New Hampshire Insurance Department is planning to propose a new rule outlining... Read more

Texas: NAMIC Membership Meeting Set for Nov. 14 in Austin

August 7, 2018 NAMIC will be hosting a meeting for its membership to discuss the Texas 2019 legislative session. Representatives from Texans for Lawsuit Reform and Office of Public Insurance Council have... Read more

California: NAMIC, Trades Submit Testimony to Conference Committee on Wildfire Legislation

August 3, 2018 NAMIC, along with other industry trade groups, has sent a letter to California lawmakers working to address issues regarding public utilities and the wildfires that continue to impact the state. The Conference Committee on wildfire legislation is... Read more

Washington: OIC Publishes Agenda for Workshop on Proposed Property Insurance Risk Mitigation Regulation

August 3, 2018 The Office of the Insurance Commissioner has scheduled a workshop for Aug. 9 on its Proposed Regulation on Risk Mitigation for Property Insurance and disseminated an agenda for the meeting. The proposed regulation is intended to implement HB 2322... Read more

Nevada: DOI Disseminates Proposed Regulation on Consumer Information Protection – FEEDBACK REQUESTED

August 2, 2018 The Department of Business and Industry, Division of Insurance disseminated a proposed regulation in early July on Standards to Safeguard Customer Information. No public rulemaking hearing has been scheduled to date. The proposed regulation would... Read more

Ohio: State Limits Precedential Value of ALI Restatement on Liability Insurance

July 31, 2018 Gov. John Kasich on July 30 signed SB 239 into law. While SB 239 generally relates to regional councils for local governments, the bill contains an important repudiation of the American Law Institute’s recently passed Restatement on Liability... Read more

DOL Mails 2018 Final Assessment Bill Under LHWCA, DCCA

July 31, 2018 The U.S. Department of Labor, Office of Workers’ Compensation, announced the July 26 mailing of the 2018 Final Assessment bill under the Longshore and Harbor Workers’ Compensation Act and its extensions and the District of Columbia Compensation... Read more

South Carolina: Industry, DOI Discuss Data Security Act Implementation; Storm Ready Expo Scheduled; Auto Plan Advisory Board Meeting

July 31, 2018 NAMIC co-hosted a meeting with the South Carolina Insurance Association on July 26 to discuss with other industry partners and the South Carolina Department of Insurance how the recently enacted South Carolina Insurance Data Security Act will be... Read more

Washington: OIC Schedules Workshop on Proposed Regulation on Risk Mitigation for Property Insurance

July 31, 2018 The Office of the Insurance Commissioner has scheduled a workshop for Aug. 9 on its Proposed Regulation on Risk Mitigation for Property Insurance. The proposed regulation is intended to implement HB 2322 on insurer-provided risk mitigation goods and... Read more

Massachusetts: Consumer Report, Security Breach Bill Pending With Governor

July 31, 2018 The Legislature finalized a conference committee report on House Bill 4806 on July 25. Gov. Charlie Baker has 10 days to act from receipt of the bill. It appears the bill could have negative unintended consequences, including... Read more

Colorado: NAMIC Submits Comments to DOI on Revised Draft Regulations on Vehicle Valuation, Rental Reimbursement

July 24, 2018 NAMIC has expressed concerns to the Colorado Division of Insurance about its Revised Draft Regulation 5-2-15, Consumer Protection for Vehicle Valuation and Rental Reimbursement. The proposed revised draft regulation addresses a number of NAMIC’s... Read more

Tennessee: WC Premium Audit Teleconference Aug. 1

July 24, 2018 The Tennessee Bureau of Workers Compensation has announced its fourth quarterly premium audit teleconference is scheduled for Aug. 1 at 10 a.m. CDT. NAMIC members with relevant business are encouraged to participate. The teleconference will continue... Read more

California: CDI Schedules Hearing on Revised Proposed Regulation on Workers’ Comp Deductible Policies

July 24, 2018 The California Department of Insurance has scheduled a public hearing for Aug. 13 at 10 a.m. PDT on Reg. 20017-00018, Workers’ Compensation Deductible Policies. The proposed regulation imposes new requirements on insurers offering workers’ compensation... Read more

Six-State Insurer Climate Survey Due Aug. 31

July 19, 2018 Insurers with $100 million or more in premiums that are licensed in California, Connecticut, Minnesota, New Mexico, New York, and Washington are again obligated to submit the climate risk disclosure survey by Aug. 31. These companies are required to... Read more

SPECIAL REPORT: 2018 Summer NCOIL Meeting Recap

July 18, 2018 The National Council of Insurance Legislators convened for its summer meeting last week in Salt Lake City. Fifty-one legislators from 34 states attended the meeting to discuss emerging trends in insurance as well as to advance model legislation. Read more

NAMIC Releases Policy Paper Reviewing Evolution of Regulatory Standards in Data Security

July 17, 2018 NAMIC has released a new policy paper that reviews the development of regulatory standards applicable to insurance companies regarding cybersecurity issues, including data security measures and data breach response. Read more

Washington: OIC Sets Aug. 31 Due Date for Annual Climate Risk Disclosure Survey

July 17, 2018 The Office of the Insurance Commissioner has requested companies authorized to do business in the state to respond to the annual mandatory insurer climate risk disclosure survey. The completed survey is due Aug. 31, 2018. Please register and submit... Read more

Idaho: DOI Disseminates Notice of a Scheduled Negotiated Rulemaking – FEEDBACK REQUESTED

July 17, 2018 The Idaho Department of Insurance is working on negotiated rules for the 2019 legislative session this summer, and it has scheduled public meetings to receive industry comments on proposed rule revisions as part of its negotiated rulemaking process. Read more

Court Puts Disparate Impact Challenge on Hold Again

July 16, 2018 Judge Richard Leon of the federal District Court for the District of Columbia issued yet another stay July 16 to NAMIC's legal challenge to the Department of Housing and Urban Development's... Read more

NAMIC PAC Election Update: Primary Runoffs to Watch in July

July 16, 2018 Alabama's primary election on June 5 resulted in no one candidate receiving 50 percent of the vote in the 2nd Congressional District. This lack of majority triggered a runoff scheduled for... Read more

Treasury Secretary Pressed on International Insurance Standards

July 16, 2018 During a July 12 hearing on the State of the International Financial System, multiple members of the House Financial Services Committee pressed Treasury Secretary Steve Mnuchin on the potential for... Read more

Energy and Commerce Committee Proposed Study on Internet of Things

July 16, 2018 H.R. 6032, The SMART IoT Act, sponsored by Rep. Bob Latta, R-Ohio, was passed by the Energy and Commerce Committee July 12. The bill directs the secretary of Commerce to conduct a study and submit to... Read more

U.S. Imposes Tariffs on Automobile Parts

July 16, 2018 The United States Trade Representative is implementing Section 301 of the Trade Act of 1974 to impose two rounds of 25 percent tariffs on products imported from China. The lists cover a range of... Read more

Unmanned Systems Caucus Hosts Panel Discussion on Drone Use

July 16, 2018 The Congressional Unmanned Systems Caucus, chaired by Reps. Dan Lipinski, D-Ill., and Frank LoBiondo, R-N.J., hosted a panel discussion July 13 on how commercial unmanned aerial system end-users in... Read more

NAMIC Releases Paper Surveying Cybersecurity Regulatory Landscape

July 16, 2018 NAMIC released an issue analysis whitepaper, Understanding the Evolving Cybersecurity Landscape for Insurers, July 12, its third whitepaper in 2018. In the paper, Paul Tetrault, NAMIC's state and... Read more

NAMIC Sends Letter Calling for Action to Avoid NFIP Lapse

July 16, 2018 NAMIC, along with other stakeholders, sent a letter to House and Senate leadership July 10 urging Congress to take immediate action to avoid a lapse of the National Flood Insurance Program after... Read more

NAMIC-Led BuildStrong Coalition to Testify on Hurricane Prep, Cost-Share Incentive Law

July 16, 2018 Former Federal Emergency Management Agency administrator and BuildStrong Coalition senior advisor David Paulison will testify on behalf of the NAMIC-Led BuildStrong Coalition at a July 18 hearing of the... Read more

NAMIC Board Meets in D.C. With Lawmakers, Administration Officials

July 16, 2018 NAMIC's board of directors will meet with key members of Congress and administration officials to discuss the association's federal agenda during the July 17 board meeting at the... Read more

House Passes International Insurance Standards Act

July 16, 2018 The House of Representatives passed H.R. 4537, the International Insurance Standards Act, July 10 by a voice vote. This NAMIC-backed legislation would provide significant protections for... Read more

Connecticut: Insurance Commissioner Responds to Implementation Questions on Surcharge

July 13, 2018 Connecticut Insurance Commissioner Katherine Wade responded by letter to industry questions about the new $12 surcharge. Read more

Nevada: DOI Unveils Proposed Consumer Information Protection Regulation – FEEDBACK REQUESTED

July 12, 2018 The Department of Business and Industry, Division of Insurance has disseminated a proposed regulation on Standards to Safeguard Customer Information. No public rulemaking hearing has been scheduled to date. The proposed regulation would establish new... Read more

California: CDI Schedules Public Hearing on Revised Proposed Workers’ Compensation Deductible Policies Regulation

July 12, 2018 The California Department of Insurance has scheduled a public hearing at 10 a.m., PDT, on August 13, on Reg. 20017-00018, Workers’ Compensation Deductible Policies. The proposed regulation imposes new requirements on insurers offering workers'... Read more

Connecticut: NAMIC Files Amicus Brief on Issue of Collapse in Crumbling Foundation Cases

July 10, 2018 NAMIC and other trade associations filed an amicus brief with the Connecticut Supreme Court on July 6 in a case involving the highly publicized issue of whether crumbling foundations are covered by the term “collapse” in standard homeowners insurance... Read more

ARKANSAS: NAMIC Provides Comments in Response to Proposed Rule on Pharmacy Benefits Managers

July 10, 2018 NAMIC provided written comments July 10 in response to proposed Regulation 118 from the Arkansas Insurance Department regarding pharmacy benefits managers. NAMIC stressed in its comments to the department that workers’ compensation plans are not... Read more

MISSOURI: GOVERNOR PARSON SIGNS AUTO INSURANCE AND TORT REFORM BILLS

July 10, 2018 Missouri Gov. Mike Parson signed SB 708 and SB 608 into law July 5, the last two bills relating to insurance that were passed by the General Assembly during this year’s session. SB 708, Renewal on Reduced/Altered Terms and Property Damage Minimum, does... Read more

ILLINOIS: NAMIC URGES GOVERNOR TO VETO WORKERS COMPENSATION CLAIMS LITIGATION BILL

July 10, 2018 NAMIC sent a letter to Gov. Bruce Rauner July 9 urging him to veto SB 904, a poorly crafted, hastily passed bill that undermines the workers compensation exclusive remedy by allowing providers to file lawsuits for payment of certain workers... Read more

Florida: XML Motorist Modernization Slides Available Online

July 10, 2018 The Florida Department of Highway Safety and Motor Vehicles Bureau of Motorist Compliance has posted the PowerPoint presentation from the June 26, 2018, conference call regarding the XML Motorist Modernization that is now underway. The presentation... Read more

Rhode Island: Governor Decides on Auto Body, Surplus Lines Bills

July 5, 2018 The Rhode Island Automobile Insurance Coalition advised that Gov. Gina Raimondo's office reports that she returned the auto body bills, H8013 Sub A and S2679 Sub B to the Legislature. As the bills were not vetoed, they will become effective without... Read more

Key Senators Introduce Bill to Elevate State Insurance Commissioner on FSOC

July 2, 2018 Sens. Tim Scott, R-S.C., and Doug Jones, D-Ala., members of the Senate Banking Committee, introduced a bill June 28 to elevate the role of a state insurance commissioner sitting on the Financial Stability Oversight Council. The bipartisan legislation... Read more

House Poised to Pass Bill Protecting U.S. Insurers From Harmful International Regulation

July 2, 2018 The House is expected to vote on legislation the week of July 9 designed to protect domestic insurers from harmful international regulatory standards. H.R. 4537, the International Insurance Standards Act, would provide clear guidance to federal... Read more

National Security Investigation Could Lead to Tariffs on Imported Automotive Parts

July 2, 2018 NAMIC submitted joint comments with the American Insurance Association and Property Casualty Insurers Association of America to the Commerce Department on June 29 in response to Commerce's investigation to determine the effects on national security... Read more

HUD Secretary Claims No Authority to Regulate Insurance

July 2, 2018 Housing and Urban Development Secretary Ben Carson, M.D., acknowledged that his department does not have the authority to regulate insurance in response to questions from the House Financial Services... Read more

TRIP Office Releases 2018 Report on TRIA Program’s Effectiveness

July 2, 2018 The Treasury Department's Terrorism Risk Insurance Program Office submitted its 2018 Report on the Effectiveness of the Terrorism Risk Insurance Program June 29 to the House Committee on Financial Services and the Senate Banking... Read more

NAMIC Challenge to HUD Disparate Impact Rule Continues

July 2, 2018 NAMIC filed its Status Report in federal court June 25, asking federal district court Judge Richard Leon to set a date for a hearing on the long-standing motion for a summary judgement striking down the Department of Housing and Urban Development's... Read more

Senate Passes Farm Bill With No Cuts to Crop Insurance

July 2, 2018 The Senate passed a farm bill that affects a broad swath of food and agriculture programs, among others, on June 28 by a vote of 86-11. The bill did not contain any harmful changes or cuts to the nation's crop insurance... Read more

Senate Farm Bill Includes 6-Month NFIP Extension as Reauthorization Scenarios Emerge

July 2, 2018 With the July 31 expiration of the National Flood Insurance Program less than a month away, the Senate passed a farm bill June 28 that included an extension of the NFIP through Jan. 31, 2019. The extension was offered via an amendment by... Read more

California: NAMIC Joins Industry in Opposing Personal Information Privacy Bill

June 28, 2018 NAMIC has joined the other insurance trades in submitting a letter of opposition to AB 375, Privacy: Personal Information: Business. The proposed legislation, which would take effect on Jan. 1, 2020, would enact the California Consumer Privacy Act of... Read more

NAIC Panel Seeking Comments on Disclosures for Large Rate Increases

June 28, 2018 As noted in a previous advisory, the NAIC's Transparency and Readability of Consumer Information (C) Working Group is seeking comments on the topic of insurers providing consumer disclosures when they implement large increases for private passenger... Read more

NAIC Panel to Develop Best Practices, Regulatory Guidance for Predictive Model Use in Rating

June 28, 2018 The NAIC's Property and Casualty (C) Committee approved new charges during a June 27 conference call that will likely result in a significant step forward in the regulatory review of predictive models and their use in insurance... Read more

North Carolina: Budget Bill Makes Insurance Commissioner Enforcer of Vehicle Fair Market Value

June 28, 2018 A provision in the North Carolina budget bill, SB 99, designates the insurance commissioner the enforcer of laws regarding vehicle fair market value on third-party claims. The language had originally appeared in HB 1007 and essentially carves out... Read more

Maryland: Insurance Commissioner Proposes Repeal of Agent Contact Cancellation Prohibition

June 28, 2018 The Insurance Commissioner Al Redmer Jr. has proposed a repeal of Regulations .01 and .02 of COMAR 1.15.09 relating to Automobile Liability... Read more

Labor Fiduciary Rule Officially Dead

June 25, 2018 The federal 5th Circuit Court of Appeals officially ended the Department of Labor's Fiduciary Rule, issuing a mandate to that effect on June... Read more

HUD Asks for Public Comment on Disparate Impact Rule, Again

June 25, 2018 The Department of Housing and Urban Development published an advanced notice of proposed rulemaking inviting public comments on possible amendments to its disparate impact rule, which has been the subject of a long and sustained challenge by NAMIC and... Read more

Administration: Do Imported Auto Parts Threaten U.S. National Security?

June 25, 2018 The secretary of Commerce has initiated an investigation to determine the effects on national security of imports of automobiles, including cars, SUVs, vans, and light trucks, and automotive parts. The investigation, which began on May 23, is... Read more

Connecticut Lawmakers Urge Carson to Act on Crumbling Foundation Issue

June 25, 2018 Sens. Richard Blumenthal and Chris Murphy and Reps. John Larson and Joe Courtney, all of Connecticut, sent a letter to Department of Housing and Urban Development Secretary Ben Carson on June 19, thanking him for his recent visit... Read more

Federal Judge Rules CFPB Structure Unconstitutional

June 25, 2018 Judge Loretta Preska of the federal District Court for the Southern District of New York ruled June 21 that the structure of the Consumer Financial Protection Bureau was unconstitutional. Preska's ruling is contrary to the ruling from the Court of... Read more

Senate Homeland Security Committee Advances DRRA With Major Reform

June 25, 2018 The Senate Committee on Homeland Security and Governmental Affairs has advanced its version of the Disaster Recovery Reform Act, which includes a NAMIC- and BuildStrong-backed provision to massively boost the nation's Pre-Disaster Mitigation... Read more

House Passes Farm Bill With No Harmful Changes to Crop Insurance

June 25, 2018 The House of Representatives passed its farm bill June 21 by a 213-211 vote. Significantly, the bill did not have any harmful changes or cuts to the nation's crop insurance... Read more

BuildStrong Participates in T&I Roundtable on Cost-Share Guidance

June 25, 2018 Members of the NAMIC-led BuildStrong Coalition participated in a June 20 roundtable hosted by Rep. Lou Barletta, R-Pa., chairman of the House Transportation and Infrastructure Subcommittee. The event was designed to discuss the Federal Emergency... Read more

NAMIC PAC Election Update: Congressional Primary Season

June 25, 2018 Voters from Colorado, Maryland, New York, Oklahoma, and Utah will head to the polls June 26 to choose their candidates for the general elections in... Read more

New Jersey: Legislature Sends Workers’ Compensation Attorney Fee Bill to Governor

June 22, 2018 The New Jersey General Assembly voted on June 21 to pass A-2510/S-2145. This bill deals with attorney fees for workers' compensation awards. While fees may increase, injured workers may receive... Read more

Michigan: No-Fault Reform Plans Touted by Candidates

June 22, 2018 In what has become a biennial tradition in Michigan, candidates from across the political spectrum have floated plans aimed at lowering Michigan's auto insurance rates. Democratic candidate for governor Abdul El-Sayed held a news conference June... Read more

California: Insurance Industry Seeking Wildfire Claims Data to Assist in Legislative Advocacy – MEMBER ASSISTANCE NEEDED

June 21, 2018 The California insurance industry's pro-consumer homeowner's insurance coalition, "Rebuild with Resilience," is working with Insurance Information Institute to gain greater understanding of the insurance industry's general effectiveness in handling... Read more

Massachusetts: Senate to Consider Gender X Designation for Driver’s Licenses

June 21, 2018 According to reports, the Massachusetts Senate is scheduled to consider legislation, SB 2377 on June 28 to allow an individual to designate gender as X in lieu of male or female on various state identification, including a driver's... Read more

Rhode Island: House Passes Auto Parts, Repair Bill

June 21, 2018 House Bill 8013, as amended, passed the House on June 19 by a vote of 52-18. While the Senate has already voted on a slightly different bill, Senate Bill 2679 as amended, they are expected to pass the House bill, which contains a glass exemption... Read more

South Carolina: Compliance Training Scheduled on New Insurance Data Security State Law

June 19, 2018 NAMIC is co-hosting a Data Security Act Education Seminar at 9 a.m. on July 26 in Columbia at the South Carolina Department of Insurance Office at 1201 Main Street across from the Statehouse. Geoff Baker, NAMIC's director of compliance, will be... Read more

Oregon: NAMIC Secures Clarification on 'Non-Specified Gender Identification' Bulletin

June 19, 2018 The Oregon Division of Financial Regulation issued Bulletin DFR 2018-3 regarding non-specific gender designations and actions required by insurers to accommodate persons who do not designate a gender on their driver's licenses, identification... Read more

Florida: Highway Safety and Motor Vehicles Department XML Conversion Video Conference Scheduled

June 19, 2018 The Florida Department of Highway Safety and Motor Vehicles is inviting insurance company representatives to participate in a video conference call to discuss the XML Conversion and answer any development/testing questions. The call is scheduled... Read more

Senate Ag Committee Advances Farm Bill

June 18, 2018 The Senate Agriculture Committee advanced the chamber's farm bill June 13 by a 20-1 vote. Importantly, the committee approved the bill without making any major changes to negatively impact the nation’s crop insurance... Read more

Major Disaster Reform Provision Added to Senate NDAA

June 18, 2018 A NAMIC and BuildStrong-Coalition-backed provision that would dramatically boost the nation's Pre-Disaster Mitigation Fund was added June 12 to a must-pass defense authorization bill in the... Read more

Senate Committee Eyes AVs, Infrastructure

June 18, 2018 The Senate Committee on Environment and Public Works held a hearing June 13 titled "Innovation and America's Infrastructure: Examining the Effects of Emerging Autonomous Technologies on America's Roads and Bridges." The committee, chaired by... Read more

NAMIC PAC Election Update: Congressional Primary Season

June 18, 2018 This year's congressional primary season is now beyond the halfway point. Voters from the District of Columbia and Arkansas will head to the polls June 19 to choose their candidates for the general elections in November. Arkansas already held its... Read more

Georgia, Missouri Come to Washington for CCP

June 18, 2018 Company representatives from Georgia and Missouri will head to Capitol Hill on June 20-21 to meet with 20 federal legislators and continue the discussion of the issues most important to the property/casualty insurance industry. The groups will be... Read more

Trump Names New Nominee to Head CFPB

June 18, 2018 President Trump indicated on June 16 that he would name Kathy Kraninger to serve as the head of the Consumer Financial Protection Bureau. Kraninger currently serves as associate director of the Office of Management and Budget under OMB director and... Read more

Fiduciary Rule Potentially Reborn at SEC

June 18, 2018 The Securities and Exchange Commission is accepting comments until Aug. 7 on a proposed rule establishing a standard of conduct for broker-dealers and their associates when making a recommendation of any securities transaction or investment strategy... Read more

FAA Working on New Drone Rules

June 18, 2018 The Office of Information and Regulatory Affairs is reviewing a Federal Aviation Administration proposed rule for "Operations of Small Unmanned Aircraft Over People." The rule would provide relief from FAA operational restrictions and set standards... Read more

OIRA Designates Review of HUD Disparate Impact Reconsideration as 'Concluded'

June 18, 2018 The Office of Information and Regulatory Affairs has said that it has concluded its review of a regulation from the Department of Housing and Urban Affairs title... Read more

California: Amended Insurance-Related Wildfire Bills Pass Out of Senate Insurance Committee

June 15, 2018 The Senate Insurance Committee has passed four Assembly-sponsored insurance-related wildfire bills. Since the insurance industry successfully negotiated important amendments with the bills’ authors and the Assembly Insurance Committee staff, NAMIC and... Read more

Nevada: DOI Shares Tax Cuts and Jobs Act of 2017 Questions for Insurer Rate Filings

June 15, 2018 At the request of NAMIC, the Department of Business and Industry, Division of Insurance has disseminated its standard five questions that the Property and Casualty Section of the Nevada Division of Insurance is asking insurers in regard to the Tax Cuts... Read more

North Carolina: Industrial Commission Rulemaking Feedback Requested

June 14, 2018 The North Carolina Industrial Commission is seeking informal feedback from stakeholders on draft proposed rule changes. The proposed changes were developed as a result of a recent, several months-long review of the IC’s Workers’ Compensation Rules... Read more

North Carolina: Asbestos Trust Transparency Becomes Law; DOI Bill Passes

June 14, 2018 SB 470, which addresses bankruptcy trust claims in asbestos-related personal injury action, became law June 12 without the governor’s signature. NAMIC and others in the insurance industry and business community championed the bill, which was the first... Read more

Maine: BMV to Allow Non-Binary Gender Designations on Licenses, ID cards

June 14, 2018 The Maine Bureau of Motor Vehicles has announced that it is now offering the option of non-binary gender designation on driver’s licenses and ID cards. In Oregon and California the allowance of non-binary gender designations on ID cards and licenses... Read more

Senate Committee Examines Drone Legislation

June 11, 2018 The Senate Committee on Homeland Security & Governmental Affairs held a hearing June 6 on S. 2836, the Preventing Emerging Threats Act of 2018: Countering Malicious Drones, a bill that would authorize the Department of Homeland Security and the ... Read more

House Committee Advances NAMIC-Backed FIO Reform Bill

June 11, 2018 The House Financial Services Committee voted June 7 to advance NAMIC-backed legislation that would reform and refocus the Federal Insurance Office. The bill, H.R. 3861, the Federal Insurance Office Reform Act of 2017, was adopted by a vote of ... Read more

New Jersey: Senate Passes Bad Faith Bill

June 8, 2018 The New Jersey Senate on June 7 passed S-2144 by a 21-14 vote. Twenty-one votes are needed to pass a bill. The tally was suspenseful as some legislators were slow to make their vote. The bill would establish a cause of action for “unnecessary delay ... Read more

North Carolina: DOI Agency Bill Moves Out of Committee

June 7, 2018 The North Carolina Senate Commerce and Insurance Committee on June 7 unanimously approved HB 382. As reported by NAMIC on June 1, provisions in the bill pertain to the reporting of certain consent-to-rate data to North Carolina Department of ... Read more

Illinois: Peer-to-Peer Car-Sharing Bill With Insurance Provisions Passes

June 7, 2018 The Illinois General Assembly on May 31 completed work on SB 2641, which sets standards for “car-facilitation companies” operating in the state.  The bill will soon be on the governor’s desk. CFCs, such as Turo and Getaround, are part of the new ... Read more

South Carolina: Annual DOI Coastal Hearing Scheduled in Myrtle Beach

June 5, 2018 The South Carolina Department of Insurance will hold its annual coastal insurance issues hearing in Myrtle Beach on June 27. The hearing is in accordance with the requirements of Section 38-75-310(7). The purpose of the hearing is to provide an ... Read more

Illinois: Workers’ Compensation Rate Regulation Bill Tucked Into Omnibus Insurance Bill

June 5, 2018 The Illinois General Assembly on May 31 passed SB 1737, a wide-reaching piece of legislation that touches on numerous insurance issues, including one to expand the regulation of workers’ compensation rates in the state. The bill, however, does not ... Read more

California: NAMIC-Opposed Bill on Homeowners’ Insurance Contents Coverage Dies in Senate

June 5, 2018 NAMIC commends the Senate for its thoughtful consideration of the public policy ramifications and the adverse practical implication for insurance consumers of SB 897, Residential Property Insurance: Wildfires. The proposed legislation touched an ... Read more

GAO Issues Report on UAS, Consulted With NAMIC

June 4, 2018 The U.S. Government Accountability Office issued a report May 24 in response to a request from the Senate Committee on Commerce, Science, and Transportation and the House Committee on Transportation and Infrastructure titled "Unmanned Aircraft ... Read more

NAMIC Sends Letter in Support of Legislation to Protect State-Based Regulatory System

June 4, 2018 NAMIC sent a letter to Reps. Dennis Ross, R-Fla., and Denny Heck, D-Wash., on May 29 in support of their recently introduced bi-partisan legislation designed to protect the state-based system of insurance regulation. Ross and Heck introduced in April ... Read more

Litigation Funding Disclosure Bill Introduced in Senate

June 4, 2018 S. 2815, the Litigation Funding Transparency Act, was introduced May 10 by Sens. Chuck Grassley, R-Iowa, Thom Tillis, R-N.C., and John Cornyn, R-Texas. The bill would require disclosure – of any agreement between a party to the case and any ... Read more

NAMIC Makes Push for FIO Reform Legislation

June 4, 2018 H.R. 3861, which would bring much-needed reforms to the Federal Insurance Office, could be marked up by the House Financial Services Committee as early as June 7, and NAMIC is intensifying its push to advance the legislation. The legislation, ... Read more

Senators Seek Info From AV Manufacturers

June 4, 2018 Sens. Edward Markey, D-Mass., and Richard Blumenthal, D-Conn., sent letters to 26 car and technology companies on May 25 seeking details about their testing activities as part of a broader investigation into the safety of driverless vehicles. Most of ... Read more

Texas: NAMIC Provides Comments to Texas A&M Task Force Making Recommendations From Lessons Learned in Hurricane Harvey

June 1, 2018 NAMIC provided written comments June 1 to Gov. Greg Abbott’s office and to the staff at Texas A&M University who have been tasked with making recommendations to the state on lessons learned from Hurricane Harvey. Insurance representatives met with ... Read more

Illinois: NAMIC-Opposed Workers’ Comp Provider Payment Bill Passes

June 1, 2018 The Illinois Senate concurred with the House’s amendments to SB 904 and passed the legislation May 31. NAMIC opposed the bill at its hearing in the House.After the hearing the bill was amended to restore the current 1 percent per month interest ... Read more

North Carolina: DOI Agency Bill Ready to Move

June 1, 2018 The North Carolina Department of Insurance agency bill language circulated by NAMIC May 24 could be taken up in a Senate committee as early as June 6. As indicated then, the North Carolina Short Session is moving quickly, and legislative leadership ... Read more

California: NAMIC-Supported Auto Repair Costs Bill Passed by Assembly

June 1, 2018 AB 2276, Motor Vehicle Insurance: Auto Body Repair, has passed out of the Assembly on a 58-1 vote. The bill will now be heard by the Senate Committee on Insurance. The proposed legislation would provide ... Read more

Wisconsin: Office of the Commissioner of Insurance Seeks Comments on Certificates of Insurance Bulletin

June 1, 2018 Wisconsin Act 241 creates a new unfair marketing practice for the improper use of evidence of insurance, such as a certificate of insurance. Usually this misuse involves adding language that appears to create a change in the underlying insurance ... Read more

California: Wildfire Landslide Bill Passed by Senate

May 31, 2018 Sen. Hannah-Beth Jackson’s controversial wildfire related insurance bill, SB 917, has passed as amended out of the Senate and has been assigned to the Assembly Committee on Insurance for review and a public hearing. The proposed legislation would ... Read more

Colorado: NAMIC Comments on Revised Draft Regulations on Vehicle Valuation and Rental Reimbursement

May 31, 2018 NAMIC has expressed concerns to the Colorado Division of Insurance about its Revised Draft Regulation 5-2-15, Consumer Protection for Vehicle Valuation and Rental Reimbursement. The proposed revised draft regulation addresses a number of NAMIC’s ... Read more

Mississippi: Proposed Rule Amendment for Gramm-Leach-Bliley Act Changes

May 30, 2018 The Mississippi Insurance Department has given notice of a proposed rule amendment to conform to changes made to the Gramm-Leach-Bliley Act. It will amend existing Title 19, Part 1, Chapter 28, Rule 34.11, “Privacy of Consumer Financial and Health... Read more

North Carolina: Insurance Department Gives Notice for Chapter 16 Actuarial Services Rules Readoption and Changes

May 30, 2018 The North Carolina Department of Insurance has given notice that the agency intends to readopt, with substantive changes, a number of rules that affect company reporting. A public hearing on the rules changes has been scheduled for July 23, in Room... Read more

Louisiana: NAMIC opposes premium tax bill; Governor Signs Bill Amending Database Security Breach Notification Law

May 29, 2018 NAMIC provided written testimony May 25 opposing SB 11, which was scheduled to be heard Tuesday, May 29 in the Senate Revenue and Fiscal Affairs Committee. The Louisiana Legislature is in a special session now to address a number of fiscal issues with... Read more

Michigan: Workers’ Compensation Agency Releases Guidance on Use of Explanation of Benefits

May 29, 2018 The Michigan Workers’ Compensation Agency, Health Care Services Division, has released guidance on carriers’ use of an Explanation of Benefits as it relates to third-party medical cost-containment networks and payors. The HCS notes that carriers and... Read more

Mississippi: Insurance Department Issues Bulletin Regarding GLBA Privacy Notices

May 29, 2018 The Mississippi Insurance Department has issued a bulletin to provide guidance to licensees regarding the provision of annual privacy practices notices pursuant to the Gramm-Leach-Bliley Act. Citing the recent changes to federal law whereby entities... Read more

Vermont: Governor Vetoes Medical Monitoring Bill

May 24, 2018 Gov. Phil Scott vetoed the medical monitoring bill, S. 197 on May 22. The governor’s veto letter outlines his objections as well as his recommendations if the Legislature decides to take up the issue in the future. NAMIC issued an Action Alert asking... Read more

North Carolina: Asbestos Trust Transparency Bill First to Pass in Short Session

May 24, 2018 A bill championed by NAMIC and others is the first to pass during the General Assembly’s short session, which convened May 16. The short session is held in the second year of the biennium. SB 470 addresses bankruptcy trust claims in asbestos-related... Read more

Illinois: NAMIC-Opposed Workers’ Comp Bill Moves to House Floor

May 24, 2018 The House of Representatives Labor and Commerce Committee on May 23 voted Do-Pass on SB 904 as amended. The bill amends the state’s workers’ compensation code by: Ordering employers or insurers pay interest at the rate of 2 percent per month, up from ... Read more

New Jersey: DOL Adopts New Rule Regarding Electronic Medical Bills in Workers’ Compensation Claims

May 24, 2018 The New Jersey Department of Labor, Division of Workers’ Compensation, has adopted a new rule regarding the submission and acceptance of electronic medical bills for workers’ compensation claims. The new rule requires health care providers and other... Read more

Colorado: Supreme Court Finds Insurers Must Make Partial Payments Despite Dispute Over Other Elements of Claim

May 24, 2018 The Colorado Supreme Court has ruled, contrary to arguments asserted in an amicus brief filed by NAMIC, that insurers have a duty to pay covered parts of a claim without delay even though other components of an insured’s claim may still be reasonably... Read more

Louisiana: Governor Signs Bill Related to Cost of Motor Vehicle Reports

May 23, 2018 Gov. John Bel Edwards has signed HB 752, which clarifies when insurers may charge producers for the cost of a motor vehicle report and when producers can pass that cost along to the applicant seeking an insurance quote. Under the bill, insurers must ... Read more

Mississippi: Supreme Court Denies Motion to Create State Class Action Procedure

May 23, 2018 In line with the opposition of NAMIC and a broad range of businesses and organizations, the Mississippi Supreme Court has denied a motion to amend the state’s Rules of Civil Procedure to create a state-level process for class actions. NAMIC joined in ... Read more

Tennessee: General Assembly Enacts Bill Expanding Commercial Risk Rate and Form Filing Exemption

May 23, 2018 Gov. Bill Haslam has signed SB 1795, which adds seven new exemptions to the requirement that insurers file rates and forms for commercial risk insurance under Tennessee Code § 56-5-106. Under current law, rates, supplementary rate information, policy ... Read more

Texas: DOI Issues Bulletin Regarding Use of Lower Federal Tax Rate in Rate-Making Methodologies

May 22, 2018 The Texas Department of Insurance has issued a bulletin to all property/casualty insurers regarding the department’s expectation that insurers will use the revised 21 percent federal rate tax rate to update the tax assumptions in their ratemaking ... Read more

Idaho: Amendments to Workers’ Comp Rules Approved by Legislature, Effective Retroactively

May 22, 2018 The Legislature approved amendments to several workers’ compensation rules during the 2018 session. Rules adopted by Idaho administrative agencies are not effective until approved by the Legislature in the year following their adoption. The approved ... Read more

Florida: Workers’ Comp Reimbursement Dispute Proposed Rule Changes Released

May 22, 2018 The Florida Division of Workers’ Compensation recently released proposed changes to the administrative rules governing reimbursement disputes between workers’ compensation carriers and health care providers. The proposed changes will be discussed ... Read more

NAIC Panel to Take Comments on Disclosures for Large Rate Increases

May 22, 2018 The NAIC’s Transparency and Readability of Consumer Information (C) Working Group will take comments on the topic of insurers providing consumer disclosures when they implement large increases, with plans to host an in-person discussion on the issue ... Read more

New Hampshire: General Court Enacts Form and Rate Filing Confidentiality Law

May 22, 2018 Gov. Chris Sununu has signed HB 1379, which enacts a clarifying law regarding the confidentiality of form and rate filings made with the New Hampshire Insurance Department. Under the bill, all rate and form filings are treated as confidential until ... Read more

California: Update on CDI Expectations of Auto Insures on Rating of Non-Binary Gender Drivers

May 21, 2018 NAMIC visited with Ken Allen, deputy commissioner of rates for the California Department of Insurance, on May 17 about the department’s expectations of insurers in regard to rating of non-binary gender drivers. NAMIC has sought clarification of the... Read more

NAMIC to Attend House Energy and Commerce Listening Session on Cyber Security

May 21, 2018 NAMIC will be attending a May 23 listening session on cyber security hosted by the House Energy and Commerce Subcommittee on Digital Commerce and Consumer Protection. The committee has held several listening sessions with industry groups as it seeks... Read more

New Hampshire: General Court Enacts New Discontinuance of Line of Business Disclosure Requirement

May 21, 2018 Gov. Chris Sununu has signed HB 1308, related to the provision of notice when an insurer exits a line of business. Under the bill, an insurance company authorized to transact fire or casualty business in New Hampshire will be required to provide a... Read more

Nevada: Legislative Commission Approves Corporate Governance Annual Disclosure Rules

May 21, 2018 The Nevada Division of Insurance’s adoption of the NAIC’s model Corporate Governance Annual Disclosure regulation has been approved by the relevant legislative commission. Legislative commission approval is required in Nevada before an administrative... Read more

Louisiana: Legislature Enacts Law Permitting Electronic Delivery of Insurance Documents

May 21, 2018 Gov. John Bel Edwards has signed HB 370, which allows for the electronic delivery of insurance documents and notices upon consent of the recipient. NAMIC actively supported the... Read more

Florida: OIR Issues Notice Regarding Licensing-Related Legislative Changes

May 21, 2018 The Florida Office of Insurance Regulation has issued a notice regarding producer and adjuster licensing-related changes included within HB 1073, which was enacted this... Read more

Maryland: Change to Insurance Identification Card Requirements for Commercial Motor Vehicle Liability Policies Enacted

May 21, 2018 Gov. Larry Hogan has signed SB 1131, amending MD Code § 19-503.1 as it relates to the period of validity of an insurance identification card issued on a commercial motor vehicle liability policy. Under current law, an insurance identification card is... Read more

Washington: OIC Posts 2018 Interim Session Proposed Rules Agenda

May 21, 2018 The Office of the Insurance Commissioner has posted its 2018 Interim Session Proposed Rules Agenda. Of particular interest to NAMIC and the property/casualty insurance industry will be the proposed rules... Read more

Michigan: No-Fault Insurance Reform Bill Introduced in Legislature

May 18, 2018 SB 1014, relating to no-fault insurance reform, was introduced on May 16 into the Michigan Senate. The bill as introduced modifies automobile insurance policy rating and adds a new definition for “excessive rates” as “likely to produce a profit that ... Read more

Louisiana: Governor Vetoes Intelligent Mail Barcode Bill for Policy Cancellation Notices

May 18, 2018 Gov. John Bel Edwards on May 11 vetoed HB 169, which would have permitted insurers to use Intelligent Mail barcoding for policy cancellation notices. In his veto message, Edwards stated “Policyholders that have their insurance policies cancelled ... Read more

Arizona: Governor Vetoes Key Insurance Bills

May 18, 2018 Gov. Doug Ducey on May 16 vetoed two bills closely followed by the insurance industry. HB 2002 would have increased funding for the Automobile Theft Authority. Ducey cited the need for such funding efforts to go through the normal appropriation ... Read more

California: NAMIC Joins Other Trades in Raising Concerns About Eliminating Right to Subrogate Against Utilities

May 17, 2018 NAMIC, in conjunction with the other trades, is educating legislators about proposals regarding investor-owned utilities. The proposals would shift the IOUs’ legal liability exposure for wildfires onto homeowners. NAMIC and the trades have submitted ... Read more

Financial & Regulatory Brief: In the States

May 17, 2018 Tennessee becomes the latest state to adopt the NAIC Corporate Governance Annual Disclosure Model Act. There are now 23 states that have adopted one or both NAIC models on CGAD. Three other states – Hawaii, Missouri, and Pennsylvania – have ... Read more

Financial & Regulatory Brief: At the NAIC

May 17, 2018 The NAIC hosted its annual International Insurance Forum May 14-15. Attendees heard from international regulators, European Insurance and Occupation Pensions Authority, Financial Stability Oversight Council, International Association of Insurance ... Read more

Financial & Regulatory Brief: In the World

May 17, 2018 The International Association of Insurance Supervisors has released a draft issues paper related to climate change risk developed in collaboration with the Sustainable Insurance Forum, an organization initially chaired by California Insurance ... Read more

Financial & Regulatory Brief: In the Nation

May 17, 2018 Reps. Dennis Ross, R-Fla., and Denny Heck, D-Wash. introduced, a bill on April 27 that would make the state insurance commissioner who sits on the Financial Stability Oversight Council an official voting member. The bill would modify the structure of ... Read more

Louisiana: Bills Regarding Insurance Producers, Policyholder Rights Enacted

May 16, 2018 Gov. John Bel Edwards has signed SB 85, revising Louisiana’s Policyholder Bill of Rights, and HB 227, regarding the time frame when a producer may reapply for a license after it has been revoked. SB 85 amends RS § 22:1892 to allow for workers’ ... Read more

North Carolina: Rate Bureau Issues Circulars Regarding Mobile Home , Personal Auto Endorsements

May 16, 2018 The North Carolina Rate Bureau has issued a circular letter regarding corrections to the Mobile Home MH(F) 300 and MH(C) 300 Special Provisions Amendatory Endorsements Assignment of Benefits and Reasonable Repairs. The amended endorsements were ... Read more

Pennsylvania: Compensation Rating Bureau Adopts New Indemnity Data Call, Beginning 2020

May 16, 2018 The Pennsylvania Compensation Rating Bureau has adopted a new Indemnity Data Call. The data call will begin with indemnity claims activity occurring in the second quarter of calendar year 2020. Participation in the Indemnity Data Call is mandatory but ... Read more

Virginia: Bureau of Insurance Revises Producer Appointment Action Notification Process

May 16, 2018 The Virginia Bureau of Insurance has issued a notice that it is revising its notification process to insurance companies when producer appointments are terminated due to an action taken by the bureau, such as license withdrawal, termination, or ... Read more

California: Insurance Industry Disseminates Fact Sheet to Legislators on Insurer Compromises on Pending Legislation

May 15, 2018 The insurance industry’s pro-consumer homeowner’s insurance coalition, Rebuild with Resilience, which NAMIC is a member, has generated a wealth of materials for insurers and insurance trades to use in educating legislators about policyholder impact of ... Read more

Nevada: DOI to Host Property/Casualty Committee Meeting – MEMBER FEEDBACK REQUESTED

May 15, 2018 The Department of Business and Industry, Division of Insurance has scheduled its quarterly Property/Casualty Advisory Committee meeting for June 7 at 9:30 a.m. The DOI has disseminated the following draft agenda: An update on the status of ... Read more

Alaska: Legislature Passes Workers’ Comp Omnibus Reform Bill

May 15, 2018 NAMIC-supported HB 79, Workers’ Compensation Omnibus bill, has been revised in the House after passing out of the Senate. The bill has also been retitled as SCR 33. The bill is now eligible for Gov. Bill Walker’s anticipated signature. NAMIC has ... Read more

Georgia: Bills Regarding Policy Cancellation, Self-Evaluative Privilege Enacted

May 15, 2018 Gov. Nathan Deal has signed HB 878 and HB 592, regarding policy cancellation and the insurance compliance self-evaluative privilege, respectively. HB 878 amends Georgia Code § 33-24-44.1 to allow a policyholder to request cancellation of coverage ... Read more

Maryland: MIA Issues Invitation to Carriers to Participate in Property/Casualty Rate, Form Filing Conference Calls

May 14, 2018 The Maryland Insurance Administration has issued a notice to Maryland-licensed property/casualty insurance companies regarding the rates and forms filing process. The MIA will be conducting conference calls with carriers on the topic of rate and form ... Read more

Nebraska: Governor Signs Bill Adopting Latest Revisions to NAIC Model Credit for Reinsurance Law

May 14, 2018 Gov. Pete Ricketts has signed LB 815, adopting the latest revisions to the NAIC's credit for reinsurance model law. The revised model law includes graduated levels of collateral requirements for alien reinsurers, instead of the previously mandatory ... Read more

Nevada: Workers’ Compensation Section Issues Reminder Regarding Claims Activity Reporting

May 14, 2018 The Workers' Compensation Section of the Department of Business and Industry, Division of Industrial Relations, has issued the following memo to remind insurers that the reporting of all claims activity is still required: “The Workers’ Compensation ... Read more

Georgia: Governor Vetoes Problematic Workers' Comp Language Per NAMIC Request

May 14, 2018 Gov. Nathan Deal on May 8 vetoed HB 795 that included problematic language regarding the state’s workers’ compensation system that was added to the bill during the final hours of the legislative session. It was a highly unusual action because the ... Read more

NAMIC Attends Federal Advisory Committee on Insurance Meeting

May 14, 2018 NAMIC attended a May 10 meeting of the Federal Advisory Committee on Insurance at the Treasury Department. During a nearly four-hour meeting, FACI listened to presentations from guest speakers covering the InsurTech landscape, support for InsurTech ... Read more

NAMIC Members Blanket the Hill; Meet With House, Senate Committee Chairs

May 14, 2018 NAMIC’s 2018 Congressional Contact Program is in full swing this month, with member companies from a dozen states traveling to Washington, D.C., to meet with their elected officials. NAMIC welcomed member companies from Virginia, New Jersey, Texas ... Read more

Idaho: Amendments to Workers’ Comp Notice, Claims Servicing Rules Approved by Legislature, Effective Retroactively

May 14, 2018 Recent amendments to IDAPA 17.02.08.061, relating to the provision of notice upon a change in status, and IDAPA 17.02.10.051.09, relating to prompt claims servicing, were approved by the Legislature during this year’s session. The amendments are ... Read more

Connecticut: Legislature Passes $12 Surcharge on Homeowners Policies

May 14, 2018 The Legislature on May 9 passed a $12 surcharge on homeowners policies. Next, it will go to Gov. Dannel Malloy. Together, House Bill 5209 as amended by House “B” and House Bill 5321 as amended by House “B”, and House “C” address crumbling ... Read more

Colorado: Legislature Adjourns; Good Session for Insurers, Policyholders

May 14, 2018 NAMIC is pleased to report that the two most troubling bills of the session, arbitration bills HB 1261 and HB 1262, are dead. Unfortunately, they are likely to be back next session. The Colorado Civil Justice League, which NAMIC is a member, led the ... Read more

California: Assembly Passes Bill Increasing Statute of Limitations for Declared Disaster-Related Claims

May 14, 2018 AB 2594, which would increase the statute of limitations for a civil cause of action in the event of a declared disaster from 12 months to 24 months, has passed out of the Assembly and is now headed to the Senate for public hearing. The author ... Read more

ICYMI: HUD Litigation Update – Delays, Disclosures, Exasperation

May 14, 2018 The Department of Housing and Urban Development issued a press release May 10 announcing it would seek public comment on whether its disparate impact rule is in compliance with a 2015 Supreme Court opinion. The release came just two hours prior to the ... Read more

Maine: Bureau of Insurance to Email Initial Licenses Beginning May 15

May 14, 2018 The Maine Bureau of Insurance will be implementing a new process by which initial licenses will be emailed to producers, adjusters, consultants, and business entities. Initial licenses will be sent to the business email address provided in the ... Read more

NAMIC PAC Election Update: Congressional Primary Season in Full Swing

May 14, 2018 NAMIC PAC furthers NAMIC’s advocacy efforts by supporting candidates who help advance the policy goals of the property/casualty insurance industry. NAMIC political staff constantly observes the ongoing political climate, and as elections arise, works ... Read more

FAA Reveals UAS Integration Pilot Program Projects

May 14, 2018 Transportation Secretary Elaine Chao and the Federal Aviation Administration revealed on May 9 the 10 selected projects for the federal Integration Pilot Program, representing 10 states working in conjunction with state, local, and corporate ... Read more

AAMVA Publishes Guidelines for Local Testing of Highly Automated Vehicles

May 14, 2018 The American Association of Motor Vehicle Administrators published “Guidelines for the Safe Testing and Deployment of Highly Automated Vehicles” on May 14 to assist motor vehicle and law enforcement agencies seeking to address the testing or use of ... Read more

NAMIC to Join ADS Project at NHTSA

May 14, 2018 NAMIC is the only insurance organization chosen to participate in the Virginia Tech Transportation Institute’s multidisciplinary project at the National Highway Traffic Safety Administration to develop technical translations to existing Federal Motor ... Read more

House Set to Vote on Farm Bill, NAMIC Works to Defend Crop Insurance Program

May 14, 2018 The House of Representatives expected to vote on H.R. 2, the Agriculture and Nutrition Act of 2018, also known as the farm bill, as soon as May 14. NAMIC will continue working to defend the nation’s crop insurance program, which provides a critical ... Read more

HUD Says It Could Issue Private Flood Insurance Rulemaking Before Year End

May 14, 2018 The Department of Housing and Urban Development gave an indication May 10 that it could initiate a proposed rulemaking before the end of 2018 to expand the private flood insurance market. HUD said in its filing for the Unified Agenda of Federal ... Read more

Tennessee: Bureau of Workers' Comp Adopts New Claims Handling Rules, Effective Aug. 2

May 14, 2018 The Tennessee Department of Labor and Workforce Development, Bureau of Workers' Compensation, has repealed and replaced its workers’ compensation claims handling rules, TAC 0800-2-14-.01 through -.11. The rules relate to claims handling ... Read more

South Carolina: 122nd General Assembly Adjourns

May 14, 2018 The second regular session of the 122nd South Carolina General Assembly adjourned at 5 p.m. May 10, but lawmakers will return later in May and in June to address unfinished business, including the state budget, gubernatorial vetoes, conference ... Read more

New Hampshire: Insurance Department Issues Guidance Regarding After Market Parts Law

May 11, 2018 The New Hampshire Insurance Department has issued a bulletin providing guidance on the interpretation of NH RSA § 407-D, the “after market parts... Read more

Michigan: DIFS Issues Notice Regarding Rate Filings

May 11, 2018 The Michigan Department of Insurance and Financial Services has issued a notice regarding the completion of the Property & Casualty Rate Filing Checklist FIS 2332 (5/18)... Read more

Minnesota Gov. Signs Bill Enacting Revised NAIC Model Credit for Reinsurance Law

May 11, 2018 Minnesota Gov. Mark Dayton has signed HF 3622, which enacts the National Association of Insurance Commissioners’ revised Credit for Reinsurance model law... Read more

Georgia: Governor Signs Bills Requiring Notice of Reduction in Coverage Upon Renewal and Eliminating Annual Notice of Privacy Practices

May 11, 2018 Georgia: Governor Signs Bills Requiring Notice of Reduction in Coverage Upon Renewal and Eliminating Annual Notice of Privacy Practices... Read more

Colorado DOI Releases Revised Draft Proposed Regulation on Vehicle Valuation And Rental Reimbursement – FEEDBACK REQUESTED

May 11, 2018 Colorado DOI Releases Revised Draft Proposed Regulation on Vehicle Valuation And Rental Reimbursement – FEEDBACK REQUESTED... Read more

California: Four Amended Insurance-Related Wildfire Bills Headed to Senate After Assembly Passage

May 11, 2018 The California Assembly has passed four amended insurance related wildfire bills, AB 1772, AB 1799, AB 1800, and AB 2229 over to the Senate... Read more

Alabama: Department of Insurance Rescinds Installment Fee Bulletin

May 11, 2018 The Alabama Department of Insurance has issued an email stating that it has withdrawn the Department bulletin dated July 17, 2000, titled “Installment Fee Plan Filing Requirements.” ... Read more

South Carolina: Governor Signs Bill Enacting NAIC Model Credit for Reinsurance Law

May 10, 2018 Gov. Henry McMaster has signed HB 4656, enacting the NAIC’s revised Credit for Reinsurance model law. When an insurer cedes business to a licensed reinsurer, the cedent is permitted under... Read more

Connecticut: CID Reduces Seasoning Requirements for Insurers Filing UCAA Expansion Applications

May 10, 2018 The Connecticut Insurance Department has issued a bulletin to inform insurers not currently licensed in the state that it has reduced its “seasoning” requirement for carriers filing UCAA expansion applications with the CID... Read more

Georgia: Governor Signs NAMIC-Supported Hands-Free Act Into Law

May 10, 2018 Gov. Nathan Deal on May 2 signed HB 673, the Hands-Free Georgia Act, into law. NAMIC attended the bill-signing ceremony at the invitation of bill sponsor Rep. John... Read more

Nevada: Transportation Authority Adopts Comprehensive Autonomous Vehicle Network Company Rules

May 10, 2018 The Nevada Transportation Authority has adopted a new chapter of the Nevada Administrative Code, 706B, that establishes a framework for the regulation of autonomous vehicle network companies... Read more

Colorado: Child Support Interception of Insurance Settlements Bill Passes Out of Legislature

May 10, 2018 HB 1363, Recommendations of Child Support Commission, has been enrolled by the Legislature with bipartisan support. The bill will soon be sent to Gov. John Hickenlooper for his anticipated signature... Read more

Maryland: Governor Signs Bills Allowing Commission Expense Reduction Plans; Increase in Value of Promotional Materials

May 9, 2018 Gov. Larry Hogan has signed HB 1078, permitting the use of Commission Expense Reduction Plans in the sale of exempt commercial policies, and HB 1083, related to rebates and inducements... Read more

California: NAMIC Joins Trades in Supporting Wildfire Risk Prevention, Mitigation, Consumer Protection Legislation

May 9, 2018 NAMIC, in conjunction with the other insurance trades, submitted floor alerts to the Assembly in support of four wildfire bills/resolutions designed to educate consumers about wildfire risk... Read more

Oklahoma: Governor Signs Bill Enacting Insurance Business Transfer Act

May 9, 2018 Gov. Mary Fallin has signed SB 1101 that enacts the Insurance Business Transfer Act. The act allows an insurer to transfer policies to another insurer without obtaining affirmative consent of policyholders or reinsurers... Read more

Tennessee: Bureau of Workers’ Compensation Adopts Revised Statistical Data Reporting Form

May 8, 2018 The Tennessee Bureau of Workers’ Compensation has adopted a revision to the “Statistical Data Form for Injuries On/After July 1, 2014 – Form SD-2.” The revised form was adopted on May 6... Read more

Pennsylvania: Governor Signs Bill Amending Rebating/Inducement Laws to Allow Provision of Loss Mitigation Services

May 8, 2018 Gov. Tom Wolf has signed SB 878 that amends Pennsylvania’s rebating and inducement laws to allow carriers to offer or give to an insured or a prospective insured,... Read more

Hawaii: NAMIC-Supported Opioid Warning Label Bill to Governor for Signature

May 8, 2018 NAMIC-supported HB 1602, HD1, SD 1, Opioid Label Warnings, has been sent to Gov. David Ige for his signature... Read more

Oregon: NAMIC to Meet With Regulator to Discuss ‘Non-Specified Gender Identification’ Bulletin – SECOND REQUEST FOR FEEDBACK

May 8, 2018 The Oregon Division of Financial Regulation has issued Bulletin DFR 2018-3, regarding non-specific gender designations and actions required by insurers to accommodate persons who do not designate a gender on their driver’s license... Read more

Nevada: DOI Adopts Final Version of Proposed Regulation on Claims Settlements on Motor Vehicle Total Losses

May 8, 2018 The Department of Business and Industry, Division of Insurance has adopted a final version of a proposed regulation on claims settlements on motor vehicle total losses... Read more

California: Asbestos Tort Claims Reform Bill Amended, Sent Back to Committee

May 8, 2018 AB 2793, Asbestos Tort Clams, authored by Assemblymember Kevin Kiley, has been amended and re-referred back to the Assembly Committee on Judiciary for a public hearing... Read more

Oklahoma: Insurance Department Issues Bulletin Regarding GLBA Privacy Notices

May 7, 2018 The Oklahoma Insurance Department has issued a bulletin to provide guidance to carriers regarding annual privacy notices required by the Gramm-Leach-Bliley Act. Citing the recent passage of the federal... Read more

North Carolina: Rate Bureau Introduces Enhanced Version of ManageUSR for Workers’ Comp Carriers

May 7, 2018 The North Carolina Rate Bureau has issued a circular letter to workers’ compensation carriers that it will introduce an enhanced version of the ManageUSR web application on May 18... Read more

Tennessee: Governor Signs Bill Enacting NAIC Models on Credit for Reinsurance, Group-wide Supervision, CGAD

May 7, 2018 Gov. Bill Haslam has signed HB 1808, which, among other things, enacts the NAIC model credit for reinsurance law, adopts the amendment to the NAIC model holding company act regarding... Read more

Alabama: Bill Amending Insurance Guaranty Association Statutes Enacted

May 4, 2018 Senate Bill 283, amending several sections of the Alabama Code governing the Alabama Insurance Guaranty Association, has been enacted. Among other things,... Read more

North Carolina: Industrial Commission Issues Companion Guide for New Rule Implementation

May 4, 2018 The North Carolina Industrial Commission Rules for the Utilization of Opioids, Related Prescriptions, and Pain Management in Workers’ Compensation Claims became effective as of May 1, 2018... Read more

Minnesota: Workers’ Compensation Regulator Proposes Vocational Rehab Reimbursement Changes

May 4, 2018 The Minnesota Department of Labor and Industry on April 30 proposed an amendment to the state’s regulations that govern reimbursement for vocational rehabilitation services... Read more

California: WCIRB Issues Bulletin Regarding Terrorism Risk Insurance Data Call

May 4, 2018 Workers' Compensation Insurance Rating Bureau of California has issued Bulletin 2018-08 regarding the Federal Insurance Office’s 2018 terrorism risk insurance data call. Read more

Louisiana: Governor Signs Bill Regarding Insurance Agency Compliance

May 4, 2018 Gov. John Bel Edwards has signed HB 641, regarding the designation by insurance agencies of a person responsible for compliance. Under LA R.S. §22:1546, an agency must designate one or more licensed... Read more

Delaware: DOI Repeals Regulation 303 Supplement to Annual Statement

May 3, 2018 The Delaware Department of Insurance has repealed 18 DE Admin. Code 303, “Regulation 303 Supplement to Annual Statement of Property or... Read more

Idaho: Three New Regulations Now Effective

May 3, 2018 Pursuant to recent approval by the Idaho Legislature, three Idaho regulations applicable to property/casualty insurers are now effective: the NAIC model... Read more

Louisiana: Producer, Adjuster Continuing Education Bills Enacted

May 3, 2018 Gov. John Bel Edwards has signed SB 36 and SB 86, related to continuing education for producers and adjusters... Read more

California: Two Amended Insurance-Related Wildfire Bills Pass Out of Assembly Committee, Negotiations Continue

May 3, 2018 The Assembly Committee on Insurance held a public hearing May 2 on two controversial insurance-related wildfire bills. As expected, both bills, as amended, passed out of the... Read more

Nevada: DOI Issues Bulletin Regarding Annual Producer Appointment Renewal

May 3, 2018 The Nevada Division of Insurance has issued a notice regarding its annual producer appointment renewal process for 2018... Read more

Utah: Insurance Department Adopts Record Retention Rule

May 3, 2018 The Utah Insurance Department has adopted R590-276, establishing a record retention requirement for certain insurers, including foreign and commercially domiciled insurers... Read more

Colorado: NAMIC-Supported Motor Vehicle E-Titling, Acceptance of E-Signatures Passes Out of Senate Committee

May 3, 2018 NAMIC-supported HB 1299, Electronic Filing Title Registration Motor Vehicles, has passed out of the Senate Finance Committee and is now off to the Senate Appropriations Committee... Read more

Florida: OIR Announces Workers’ Compensation Rate Decrease

May 2, 2018 The Florida Office of Insurance Regulation has announced that it has approved a 1.8 percent rate decrease for workers’ compensation coverage effective June 1... Read more

Oklahoma: Governor Signs Bill Enacting Travel Insurance Act

May 2, 2018 Gov. Mary Fallin has signed SB 1156, enacting the Oklahoma Travel Insurance Act. The act generally follows the provisions of the... Read more

Hawaii: Governor Signs Bill Delaying Effective Date of 2017 Act Regarding Insurance Producer Appointments

May 2, 2018 Gov. David Y. Ige has signed HB 1624, which delays the effective date of sections 7, 8, and 9 of 2017 SB 953. Those sections of SB 953 were enacted to conform Hawaii's insurance producer licensing... Read more

Indiana: Workers’ Compensation Bureau Adds Three Compliance Notices to Its Website

May 1, 2018 The Indiana Workers’ Compensation Bureau has added three new notices on its website. The notices address the following topics... Read more

Nebraska: Governor Signs Bill Modernizing Forms of Payment of Workers’ Compensation Benefits

May 1, 2018 Gov. Pete Ricketts has signed LB 957, which allows workers’ compensator payors, including insurers, to enter into a written or electronic agreement with payees that periodic... Read more

Oklahoma: Annual Anti-Fraud Assessment Fee Due July 1

May 1, 2018 The Oklahoma Insurance Department has issued a notice that the Anti-Fraud Assessment Annual Fee is due July 1... Read more

Texas: DOI Adopts New Telemedicine/Telehealth Rule

May 1, 2018 The Texas Department of Insurance has adopted 28 TAC §133.30 regarding access to telemedicine and telehealth services within the Texas workers' compensation system... Read more

Wisconsin: OCI Conducting Voluntary Survey Regarding Autonomous Vehicles

May 1, 2018 The Wisconsin Office of the Commissioner of Insurance has notified property/casualty insurers that it is conducting a voluntary survey regarding autonomous and connected vehicles... Read more

California: Insurance Industry Launches Homeowners Insurance Educational Website

May 1, 2018 NAMIC is proud to be an active participant in the California insurance industry’s pro-consumer homeowners insurance coalition Rebuild with Resilience. The coalition has launched its website to educate consumers, legislators... Read more

Colorado: Senate Considers House Amends Increasing County Court Monetary Jurisdiction

May 1, 2018 SB 56, County Court Jurisdiction, has passed out of the House with two significant amendments to the Senate version of bill: 1) the proposed legislation would increase the current $15,000 monetary threshold... Read more

Hawaii: NAMIC-Opposed Amended Consumer Privacy Notice Bill Dies Without Conference Committee Hearing

May 1, 2018 SB 2643, SD1, HD2, Consumer Privacy Notice, which passed out of the House, was sent back to the Senate for concurrence, but the Senate disagreed with the House amendments... Read more

Kentucky: Governor Signs Insurance Fraud Prevention Bill

May 1, 2018 Gov. Matt Bevin on April 26 signed HB 323, relating to insurance fraud, into law. Under current law, there is a prohibition against civil recovery against an individual in the absence of a criminal conviction.. Read more

Nevada: DOI Adopts Language of NAIC Model CGAD Rule

April 30, 2018 The Nevada Division of Insurance has adopted the NAIC’s model Corporate Governance Annual Disclosure regulation... Read more

South Carolina: Governor Signs Bill Adding Exception to Fingerprint Requirement Upon Producer License Renewal

April 30, 2018 Gov. Henry McMaster has signed HB 4654, which adds an exception to the requirement that resident producers submit a new set of fingerprints with each renewal of their license. .. Read more

Alabama: Regulation Amendments to be Considered at June Hearing

April 30, 2018 The Alabama Department of Insurance has given notice of a hearing on June 14 at 10 a.m. CDT in the 5th floor conference room of its office at 201 Monroe Street, RSA Tower, Montgomery... Read more

Maryland Court of Appeals Ends Presumed Contributory Negligence for Owner-Passengers

April 30, 2018 The Maryland Court of Appeals on April 20 issued its decision in the case of Victoria Seaborne-Worsley v. Jeffrey Mintiens and abolished the presumption of imputed contributory negligence for owner-passengers in motor vehicles... Read more

Colorado: NAMIC-Supported Distracted Driving Bill Dies in Senate

April 30, 2018 NAMIC-supported HB 1272, Concerning the Availability of Network-Level Mobile Phone Distracted Driving Prevention Technology, has died in the Senate State, Veteran and Military Affairs Committee... Read more

Hawaii: OEM/Aftermarket Parts Bills Die Without Conference Committee Hearing

April 30, 2018 The 2018 legislative session will adjourn May 3 after a roller-coaster ride of activity on two original equipment manufacturer/aftermarket parts bills, HB 1620 and SB 2243... Read more

California: Independent Adjuster Licensing Bill Passes, as Amended Out of Senate Insurance Committee

April 30, 2018 NAMIC’s state advocacy partner, the Personal Insurance Federation of California, provided testimony at the Senate Committee on Insurance public hearing in opposition to SB 1291, Independent Insurance Adjusters. Unfortunately, the bill passed, as amended, Read more

Alaska: Compensation Omnibus Reform Bill Still Sitting in Senate With 16 Days Remaining in Session

April 30, 2018 NAMIC-supported HB 79, Workers’ Compensation Omnibus bill, which passed out of the House in March, has been sitting since April 4 in its final standing committee, Senate Finance, awaiting a public hearing. Read more

Kentucky: Governor Signs Bill Regarding Refunds of Local Premium Taxes

April 27, 2018 Gov. Matt Bevin has signed HB 402, amending Kentucky's local government premium tax laws regarding the payment of... Read more

California: Controversial Insurance-Related Wildfire Bills Pass Out of Committee, Negotiations on Amendments Continue

April 27, 2018 The Senate Committee on Insurance held a public hearing April 25 on four controversial insurance-related wildfire bills – 824, SB 894, SB 897, and SB 917. All four bills passed out of committee. SB 894 and SB 897 were provided a professional courtesy... Read more

Missouri: NAMIC-Supported Commercial Lines Modernization Legislation Passes

April 27, 2018 The Missouri House of Representatives on April 25 completed work on SB 594, NAMIC-supported legislation to modernize the regulation of commercial insurance in the state. The bill now goes to the governor for his expected... Read more

Illinois: NAMIC-Opposed Bill Creating State Workers' Compensation Insurer Passes House

April 27, 2018 The Illinois House of Representatives on April 26 passed HB 4595, which drains $10 million from the insurer-funded Workers' Compensation Commission Operations Fund to create a politicized entity that would sell workers' compensation in Illinois's... Read more

Florida: Amendments to Anti-Fraud Plan, Fraud Reporting Regulations Effective May 8

April 27, 2018 The Florida Department of Financial Services, Division of Investigative and Forensic Services, has adopted amendments to its rules related to the filing and format of anti-fraud plans, as well as mandatory anti-fraud reporting. The amendments... Read more

Georgia: NAMIC Asks for Veto on Problematic Workers' Comp System Language

April 27, 2018 NAMIC has requested that Gov. Nathan Deal veto HB 795 due to problematic language regarding the state's workers' compensation system that was added to the bill during the final hours of the legislative session. It was a highly unusual action because... Read more

Colorado: NAMIC-Supported E-Signatures for Motor Vehicle Titles Bill Passes Out of Senate

April 27, 2018 SB 255, Electronic Signatures on Vehicle Titles, has passed out of the Senate with a minor technical amendment. The bill moved through the Senate in nine days, and NAMIC is hopeful that it will continue its rapid progression through the House in the... Read more

Hawaii: NAMIC-Supported Bill Promoting Insurance Services Modernization Passes Out of Conference Committee

April 27, 2018 HB 1876, HD1, SD1, Motor Vehicle Insurance Claims Service and Sales, has passed out of the conference committee after the House disagreed with the Senate's amendment that would have required insurers to have an insurance producer's office on every... Read more

NAMIC Issues Letter to Five Insurance Regulators Citing Continuing Concerns With Multi-State Insurance Diversity Survey

April 26, 2018 NAMIC issued a letter on April 25 to Dave Jones, California insurance commissioner, and four other commissioners or superintendent from the District of Columbia, New York, Oregon, and Washington regarding the Multi-State Insurance Diversity... Read more

North Carolina: NCRB Issues Circulars Regarding Dwelling Policy Program, Mobile Home Programs

April 26, 2018 The North Carolina Rate Bureau has issued circular letters regarding amendments to endorsements used with policies in the Dwelling Policy Program and Mobile Home MH(F) and... Read more

Missouri: Corporate Governance Annual Disclosure Bill Passed

April 26, 2018 SB 593, which adopts the NAIC's Corporate Governance Annual Disclosure model law, has passed the Missouri House and Senate. Pursuant to the bill, all "insurers," as defined in Mo. Stat. §375.012(4), will be required to file a CGAD with the Missouri... Read more

Oklahoma: Governor Signs Bill Amending Time Frame for Notification of Acceptance or Denial of a Claim

April 26, 2018 Gov. Mary Fallin has signed SB 1485, which, among other things, amends two Oklahoma statutes, 36 Ok. St. §1250.7 and 36 Ok. St. §3629, that set forth time frames in which insurers must accept or reject a claim after receipt of a properly executed... Read more

Arkansas: Insurance Department Issues Bulletin Regarding Producer Appointment Renewals

April 26, 2018 The Arkansas Insurance Department has issued Bulletin 5-2018 setting forth the requirements for producer appointment renewals for 2018. Important deadlines related to termination of appointments and payment for appointment renewals are noted in the... Read more

Maryland: Governor Signs Bills Related to Travel Insurance, Rate and Form Filing for Exempted Commercial Risks

April 26, 2018 Gov. Larry Hogan has signed HB 979 related to travel insurance, and SB 876 regarding rate and form filings for exempt commercial... Read more

Rhode Island: DBR Adopts Amendments to Privacy Rules

April 26, 2018 The Rhode Island Department of Business Regulation has adopted amendments to its rules related to the privacy of consumer financial and health information. The amendments incorporate the provisions of former Insurance Regulations 99 and 100 regarding... Read more

Idaho: DOI Issues Communication Regarding New Standard UM/UIM Disclosure Form

April 26, 2018 The Idaho Department of Insurance has asked interested parties, including NAMIC, to inform carriers of the department's position regarding auto insurers' use of the new standard uninsured/underinsured disclosure form required under recently amended... Read more

Rhode Island: NAMIC Submits Testimony Opposing Surplus Lines Bill

April 25, 2018 NAMIC is discouraging the Rhode Island House Corporations Committee from moving forward with a bill that, if passed, may disrupt the role of the surplus lines market and the flexibility it provides for unique or nonstandard... Read more

California: NAMIC Joins Other National Trades in Opposing Utilities Bill

April 25, 2018 SB 1088, Safety, Reliability, and Resiliency Planning, would require utilities to prepare a safety, reliability, and resiliency plan for submission to the California Public Utilities Commission. The industry has been working with interested... Read more

Hawaii: NAMIC-Supported Opioid Warning Label Bill Passes Out of Conference Committee

April 25, 2018 NAMIC-supported HB 1602, HD1, SD 1, Opioid Label Warnings, has passed, as amended, out of Conference Committee after the House disagreed with the Senate amendments to the bill. CD1 amendment is not yet in... Read more

Colorado: NAMIC-Supported Asbestos Tort Trust Transparency Bill Dies in House

April 25, 2018 NAMIC-supported SB 123, Asbestos Tort Trust Transparency Act, has died in the House Judiciary Committee... Read more

Louisiana: NAMIC Supports Auto Insurance Rate Task Force, Opposes Restrictions on Territorial Rating

April 25, 2018 NAMIC submitted letters of testimony April 24 on two bills making their way through the... Read more

Pennsylvania: Legislature Passes Prescription Drug Formulary Bill, Awaits Executive Action

April 24, 2018 The Legislature on April 18 completed action on SB 936, which adopts a drug formulary for workers' compensation insurance. The bill is designed to combat the opioid crisis, provide better health outcomes for injured workers, and decrease the costs... Read more

Texas: TDI Requests Comments on Draft Rule to Require Notice to Lienholders – FEEDBACK REQUESTED

April 24, 2018 The Texas Department of Insurance has prepared an informal working draft of a rule regarding notice of nonrenewal or cancellation of certain personal automobile insurance coverages and is soliciting comments on the proposed... Read more

North Carolina: NCRB Circular Regarding FIO Data Collection Required by TRIPRA Section 111

April 24, 2018 The North Carolina Rate Bureau has issued a Circular Letter regarding the Federal Insurance Office's data call required by Section 111 of TRIPRA. Workers' compensation carriers writing in North Carolina do not need to directly respond to the FIO's... Read more

California: NAMIC-Supported Pro-Consumer-Protection Towing, Storage Fees Bill Passes Out of Committee

April 24, 2018 AB 2392, Vehicles: Towing and Storage, has passed out of the Assembly Transportation Committee and is now headed to the Assembly Appropriations... Read more

Colorado: NAMIC Submits Testimony Supporting E-Signatures for Motor Vehicle Titles Bill

April 24, 2018 NAMIC has submitted written testimony to the Senate Business, Labor and Technology Committee in support of SB 255, Electronic Signatures on Vehicle... Read more

New York: Governor Signs Bill Amending Notice of Conditional Renewal of Workers' Compensation Policies

April 24, 2018 Gov. Andrew Cuomo has signed SB 7283/AB 8932, amending Section 54(b) of the New York workers' compensation law regarding the provision of notice of conditional renewal of coverage for carriers under common... Read more

New York: Governor Signs Bill Amending SUM Law; DFS Issues Memorandum Regarding Risk Management Relating to the NRA

April 23, 2018 New York Gov. Andrew Cuomo has signed SB 7288/AB 8993, amending New York's supplementary uninsured/underinsured motorist coverage statute, which was initially signed into law in December. Subject to an insured's right to opt out, new policies issued... Read more

Wisconsin: Governor Signs Corporate Governance Annual Disclosure Bill

April 23, 2018 Gov. Scott Walker has signed AB 877, requiring Wisconsin domestic insurers and domestic insurance holding company systems to file a Corporate Governance Annual Disclosure by June 1 of each year. Wisconsin is the 22nd state to adopt this... Read more

South Carolina: NAIC Data Security and Credit for Reinsurance Models Pass

April 23, 2018 The South Carolina Senate on April 18 passed HB 4655, the South Carolina Insurance Data Security Act, and HB 4656, regarding credit for reinsurance. Both bills were top priority items for the Department of Insurance and were based on NAIC model... Read more

Ohio: DOI Issues 2018 Appointment Renewal Procedures

April 23, 2018 The Ohio Department of Insurance has issued its 2018 Appointment Renewal Procedures. As noted in the letter, any agent or agency appointment that is active on June 30, 2018, will automatically be renewed effective July 1, 2018. A renewal invoice will... Read more

Nebraska: Workers' Compensation Court Issues Notice Regarding Electronic Data Interchange Program

April 23, 2018 The Nebraska Workers' Compensation Court has issued a notice that it will be transitioning from IAIABC Claims Release 1 standards to IAIBC Claims Release 3.1 standards for electronic reporting of workers' compensation injury and payment... Read more

Idaho: Workers' Comp Premium Rates to Decrease 3.4 Percent Beginning June 1

April 23, 2018 The Idaho Department of Insurance has issued a news release reporting that it has approved reduction in workers' compensation rates by 3.4 percent, beginning with policies issued or renewing after May 31. Director Dean Cameron attributes the rate... Read more

Florida: FSU Insurance Discussion in May; NAMIC-Sponsored Chamber Insurance Summit Scheduled for November

April 23, 2018 Florida State University's Catastrophic Storm Risk Management Center and the Center for Risk Management Education and Research are hosting a half-day insurance discussion forum on May 17. The agenda includes several new... Read more

Colorado: Child Support Interception of Insurance Settlements Bill is Back

April 23, 2018 The Legislature in 2016 passed legislation to mandate that insurers intercept certain insurance claims settlements to pay child support in arrearage. HB 1165, Child Support Attachment, was amended to make insurer participation in the insurance... Read more

Colorado: DORA Re-Issues Bulletin Regarding Lender-Placed Insurance on Residential Property

April 23, 2018 The Colorado Department of Regulatory Agencies has re-issued Bulletin B-5.34, originally issued in 2013, regarding lender-placed insurance on residential properties. Per the bulletin, because lender-placed policies are considered commercial... Read more

California: NAMIC Joins Industry in Opposing-Unless-Amended Senate Insurance-Related Wildfire Bills

April 23, 2018 The Senate Committee on Insurance is scheduled to hold a public hearing April 25 on four controversial insurance related wildfire bills – SB 824, SB 894, SB 897, and SB 917. NAMIC has joined the other insurance industry trade associations in... Read more

Arizona: Governor Signs Towing-Related Bill

April 23, 2018 Gov. Doug Ducey has signed HB 2306 related to requirements and restrictions for towing companies' vehicle transport and storage, billing practices, and release of vehicles. NAMIC submitted a letter of support for... Read more

Michigan: DIFS Issues Informational Bulletin on Insurance 'Sliding'

April 20, 2018 The Michigan Department of Insurance and Financial Services on April 19 issued Informational Bulletin 2018-10-INS relating to insurance "sliding." As defined by the informational bulletin, insurance sliding is "an agent's failure to fully... Read more

Tennessee: NAIC Credit for Reinsurance, Corporate Governance Annual Disclosure Models on the Way to Governor

April 20, 2018 HB 1808, which contains NAIC model act language for Credit for Reinsurance and Corporate Governance Annual Disclosure, passed the Senate on April 19 and is now eligible for the governor's... Read more

Colorado: NAMIC-Supported E-Signature Certificates of Title Bill Introduced

April 20, 2018 NAMIC-supported SB 255, Concerning the Use of Electronic Formats in the Issuance of Certificates of Title for Vehicles, has been introduced and assigned to the Senate Business, Labor and Technology Committee for public... Read more

California: NAMIC-Supported Auto Repair Costs Bill Passes Out of Committee

April 20, 2018 AB 2276, Motor Vehicle Insurance: Auto Body Repair, has passed out of the Assembly Insurance Committee on a 13-0 vote, as it did last year before being turned into a two-year bill in the Assembly Appropriations Committee. The bill is now being sent back.. Read more

California: Assembly Insurance Committee Passes Wildfire Bills With Insurer-Supported Amendments

April 19, 2018 The Assembly Insurance Committee on April 18 heard five Assembly Member sponsored wildfire bills of concern to... Read more

Oregon: NAMIC Plans to Meet With Regulator About ‘Non-Specified Gender Identification’ Bulletin – FEEDBACK REQUESTED

April 19, 2018 The Oregon Division of Financial Regulation has issued Bulletin DFR 2018-3 regarding non-specific gender designations and actions required by insurers to accommodate persons who do not designate a gender on their driver’s licenses, identification ... Read more

Nebraska: Automated Vehicle Bill Passes Legislature

April 19, 2018 On the final day of session, April 18, the Legislature passed on a 34-8-7 vote LB 989 to legalize the operation of automated vehicles on the state’s roads. The bill, which started as a law to authorize the testing of automated vehicles in certain ... Read more

Colorado: NAMIC-Supported Distracted Driving Prevention Bill Passes Out of House

April 19, 2018 NAMIC-supported HB 1272, Concerning the Availability of Network-Level Mobile Phone Distracted Driving Prevention Technology, has passed out of the House. The proposed legislation would require a provider of commercial mobile communications services in ... Read more

Federal & Regulatory Brief: At the NAIC

April 19, 2018 NAMIC State, Federal, and Policy Affairs staff attended the NAIC spring meeting held March 23-27 in Milwaukee. Please view the NAMIC NAIC Review to learn about the latest developments at the... Read more

Financial & Regulatory Brief: In the States

April 19, 2018 The New Mexico Legislature introduced in January a bill that would have enacted the NAIC Own Risk and Solvency Assessment Model Act, but as it happened last year, it failed to pass. The bill would have... Read more

Federal & Regulatory Brief: In the World

April 19, 2018 The International Association of Insurance Supervisors is developing a five-year strategy and sought feedback from stakeholders on the issues to include from several perspectives – social, technological, economic, political, etc. NAMIC took this... Read more

Tennessee: Governor Signs Bill Eliminating Requirement of Workers’ Comp Claims Office in State

April 19, 2018 Gov. Bill Haslam has signed SB 1615, which eliminates the statute requiring workers’ compensation insurers to maintain a clams office in Tennessee or to contract with a Tennessee-situated claims adjuster. The bill takes effect ... Read more

Oregon: DFR Issues Special Notice Regarding Auto Insurance Exclusions

April 19, 2018 The Oregon Department of Financial Regulation has issued a special notice to all carriers writing personal and commercial auto insurance coverage in Oregon. The DFR reminds insurers that ORS §§ 742.450, 742.454, and 742.530 do not allow exclusions ... Read more

Federal & Regulatory Brief: In the Nation

April 19, 2018 NAMIC met with Treasury officials on April 12 to discuss the progress being made on the implementation of the U.S.-EU Covered Agreement that was finalized in January 2017. The U.S. has five years to eliminate reinsurance collateral for EU-based... Read more

Ohio: Bureau of Workers’ Compensation Adopts Rule Amendments

April 18, 2018 The Ohio Bureau of Workers’ Compensation has adopted amendments to several rules as the result of recent statutory changes governing the administration of the Ohio Workers’ Compensation Program. The amendments, which became effective April 5, include... Read more

Michigan: Governor Signs Bill Amending Business Corporation Act

April 18, 2018 Gov. Rick Snyder has signed SB 442, amending several sections of Michigan’s Business Corporation Act, MCL 450.1131 et seq. Among other items addressed, SB 442 contains provisions related to the provision of electronic notices, maintenance and... Read more

Illinois: Workers’ Comp Rate Regulation Bill Passes Senate; NAMIC Will Continue to Oppose

April 18, 2018 Unfortunately, but as expected, the Illinois Senate on April 17 passed SB 2863, harmful legislation that would mandate prior approval of workers’ compensation insurance rates. The bill passed on a largely party-line vote. Notably, NAMIC’s 2017... Read more

Indiana: Governor Signs Bill Amending UM/UIM Commercial Excess Liability, Umbrella Statute

April 18, 2018 Gov. Eric Holcomb has signed HB 1301, which, among other things, amends I.C. § 27-7-5-2(d) as it relates to the provision of uninsured and underinsured motorists coverages within a commercial umbrella or excess liability... Read more

Arizona: Governor Signs Bills Regarding Non-English Language Policies, Workers’ Comp Claims Settlement, Auto Insurance Identification Cards

April 18, 2018 Gov. Doug Ducey has signed HB 2083 related to non-English language policies, SB 1100, addressing settlement of workers’ compensation claims, and SB 1287, which requires insurers to include the number assigned by the insurer by the Arizona Department... Read more

California: NAMIC-Supported Opposition Coalition to Consumer Privacy Initiative Looking for Signatories

April 17, 2018 The California Consumer Privacy Act of 2018, which has been filed with the California attorney general for the November 2018 election, has raised serious concerns for the business community and insurance industry. The proponents of the initiative... Read more

Alaska: DOI to Issue Bulletin on New CBIS on Policy Renewals Bill

April 17, 2018 NAMIC-supported HB 195, which was signed into law by Gov. Bill Walker and goes into effect on June 25, will be addressed in a soon-to-be disseminated advisory bulletin by the Division... Read more

Colorado: NAMIC-Supported Motor Vehicle Title Records Access Efficiency Bill Signed by Governor

April 17, 2018 NAMIC-supported SB 183, Agent of Insurer Motor Vehicle Title Records, has been signed into law by Gov. John Hickenlooper. The bill has a safety clause so it went into effect upon being signed by the governor on... Read more

Oregon: Division of Workers’ Comp Requests Feedback on Proposed 2019 Legislation – FEEDBACK REQUESTED

April 17, 2018 The Oregon Workers' Compensation Division has invited NAMIC and the other trades to meet with the regulator to discuss its 2019 Legislative Concepts. The legislative proposals pertain to an increase in the division’s civil penalty cap and a data... Read more

Hawaii: NAMIC-Supported Bill Promoting Insurance Services Modernization Headed to Conference Committee

April 17, 2018 HB 1876, HD1, SD1, Motor Vehicle Insurance Claims Service and Sales, is headed to a conference committee after the House disagreed with the Senate’s amendment that would require insurers to have an insurance producer’s office on... Read more

Kansas: Commissioner Issues Consumer Alert on Post-Claim Benefit Assignments

April 16, 2018 Insurance Commissioner Ken Selzer issued a consumer alert April 16 informing the public that “Post-storm, be careful what you sign.” The alert, which informs consumers that they are not required to sign a post-claim assignment of benefits to a ... Read more

Minnesota: Anti-Deductible Waiver Bill Passes House

April 16, 2018 The Minnesota House of Representatives on April 12 passed HF 2899. The bill will require that a contractor provide the insured with written notification in its original estimate of the current prohibition on advertising or promising to pay all or ... Read more

Oregon: Governor Signs Bill Creating Autonomous Vehicle Task Force

April 16, 2018 Gov. Kate Brown has signed HB 4063, authorizing the creation of the Task Force on Autonomous Vehicles under the Oregon Department of Transportation. The task force will be comprised of 31 people, one of which must come from the auto insurance ... Read more

New York: DFS Issues Circular Letter Regarding Consideration of Insured’s Use of Commercial GPS in Underwriting

April 16, 2018 The New York Department of Financial Services has issued Insurance Circular Letter No. 2, 2018, to all property/casualty insurers authorized to write commercial automobile coverage in New York. In the letter, the DFS states that the recent accident in ... Read more

Hawaii: NAMIC-Opposed Amended Consumer Privacy Notice Bill Passes Out of House, Set for Likely Conference Committee

April 16, 2018 The House has passed SB 2643, SD1, HD2, Consumer Privacy Notice, without a single no vote. The bill was then sent back to the Senate for concurrence, but the Senate disagreed with the House amendments. The bill is now likely to be referred to a ... Read more

California NAMIC Joins Trades in Expressing Concerns About Utilities Bill Adversely Impacting Homeowners’ Insurance Consumers

April 16, 2018 SB 1088, Safety, Reliability, and Resiliency Planning, has been assigned to the Senate Committee on Energy, Utilities and Communications for a public hearing. The proposed legislation would require utilities to prepare a safety, reliability, and ... Read more

Alaska: NAMIC-Supported Opioid Risk Patient Disclosure Bill Passes Out of House Finance Committee as Amended

April 16, 2018 The House Finance Committee and the House Health and Social Services Committee have passed, as amended, HB 268, Opioid Prescriptions. The bill will now be scheduled for a House floor vote. The proposed legislation requires physicians to provide ... Read more

California: CDI Adopts Amended Workers' Compensation Classification and Rating Rules

April 16, 2018 The California Department of Insurance has adopted amendments to the workers' compensation classification and rating rules. The amended rules relate to the Workers' Compensation Uniform Statistical Reporting Plan, the Workers' Compensation Experience ... Read more

Nebraska: DOI Announces Producer Appointment Renewal Process

April 13, 2018 The Nebraska Department of Insurance has announced the producer appointment renewal process for 2018. All appointment renewals must be filed electronically through the National Insurance Producer Registry. The appointment renewal date begins ... Read more

Arizona: Governor Signs Bill Amending Information Security Breach Notification Law

April 13, 2018 Gov. Doug Ducey signed HB 2154, amending Arizona’s information security breach notification law. Among other things, the bill specifies the content of a breach notice, identifies the methods of dissemination of notice, and, if the breach affects ... Read more

Ohio: NAMIC Testifies on Autonomous Vehicles

April 13, 2018 NAMIC participated on a panel on autonomous vehicles April 11 before the House Committee on Transportation and Public Safety. The panel, comprised of representatives from other national trades and NAMIC member companies, provided testimony relating ... Read more

Vermont: House Committee Hears Testimony on Liability for Toxic Substance Exposures Bill

April 13, 2018 The Vermont House Judiciary Committee is holding public hearings April 12-13 on S 197, a bill that would increase liability standards for toxic substance exposures or releases. The highly controversial bill would allow anyone who is exposed to a ... Read more

Texas: Agent, Adjuster License Expiration Moving to Last Day of Birth Month

April 12, 2018 The Texas Department of Insurance has announced that the license expiration date for agents and adjusters is moving to the last day of the agent’s or adjuster’s birth month. New expiration dates will be shown on the TDI’s website beginning April ... Read more

New Hampshire: Insurance Department Issues Update Regarding Data Call

April 12, 2018 The outreach coordinator for the New Hampshire Insurance Department has issued an email regarding the property/casualty data call. Please contact me with questions about the state of New Hampshire and the Northeast region. Compliance questions may be ... Read more

New York: WCB Issues Bulletin Regarding Revised Medical Authorization Request Forms

April 12, 2018 The New York State Workers’ Compensation Board has issued Bulletin 046-1048, explaining recent changes to five medical authorization request forms: Attending Doctor's Request for Authorization and Carrier's Response (Form C-4AUTH), Attending Doctor's ... Read more

Maryland: Governor Signs Bill Amending Law Regarding Anti-Fraud Plans

April 12, 2018 Gov. Larry Hogan has signed SB 59, amending the state’s anti-fraud plan requirements. Currently, the law mandates that each authorized insurer that “issues or delivers” policies in Maryland must have an anti-fraud plan and must file that plan with the ... Read more

Virginia: Bureau of Insurance Issues Notice of Agent Licensing Statutory Changes

April 11, 2018 The State Corporation Commission, Bureau of Insurance, has issued a notice of agent-licensing-related statutes enacted or amended and re-enacted during the 2018 session of the General Assembly. The effective date of these changes is July 1, 2018 .. Read more

Pennsylvania: No Contributions Required for Workers’ Compensation Security Fund in 2018

April 11, 2018 The Pennsylvania Insurance Department has announced that insurers will not be required to make contributions to the Workers’ Compensation Security Fund in 2018. The department has determined that the balance in the fund meets the statutory requirement ... Read more

Wisconsin: WCRB Issues Notification of Change in Ownership Endorsement, Revision to Experience Rating Plan Manuals

April 11, 2018 The Wisconsin Compensation Rating Bureau has announced that the Wisconsin Office of the Commissioner of Insurance has approved revisions to the Notification of Change in Ownership Endorsement and the Experience Rating Plan Manual, effective January 1 ... Read more

California: Bill Requiring Policy Limits Increase for Declared Emergencies Withdrawn

April 11, 2018 SB 1263, which would have required an insurer to increase the policy limits of a residential property insurance policy by an amount equal to 50 percent of the policy limits if an insured had suffered a loss relating to a declared state of emergency ... Read more

Oregon: Division of Workers’ Comp Requests Feedback on Proposed Legislation for 2019, FEEDBACK REQUESTED

April 11, 2018 The Oregon Workers' Compensation Division has invited NAMIC and the other trades to meet with the regulator to discuss its 2019 legislative concepts. The legislative proposals pertain to an increase in the division’s civil penalty cap and a data ... Read more

Delaware: DCRB Releases Version 2 of Workers’ Comp Data Pro

April 10, 2018 The Delaware Compensation Rating Bureau has announced the release of Version 2 of its Workers’ Compensation Data Pro product. It is available only to DCRB member carriers. The system provides access to aggregated premium and loss data; allows carrier ... Read more

Maryland: General Assembly Passes Peer-to-Peer Car Sharing Legislation

April 10, 2018 On the last day of the legislative session, April 9, the Maryland General Assembly passed SB 743, relating to peer-to-peer car sharing programs like Turo and Getaround. Turo and Getaround – often referred to as “the Airbnb of rental cars” – offer ... Read more

Colorado: NAMIC-, Industry-Supported Motor Vehicle Title Records Efficiency Bill Introduced

April 10, 2018 Current law authorizes the creation and maintenance of an electronic system that vehicle towers, insurers, and salvage pools may use to access motor vehicle title records, if the vehicle is insured and in possession of those entities. SB 183 is designed.. Read more

New Hampshire: Department Proposing Credit Rule Changes

April 10, 2018 The New Hampshire Insurance Department has informed interested parties of its intent to re-adopt its insurance scoring rule with changes. The proposal to amend Ins 3300 has several changes, including: Allowing for “waiver or suspension of rules” (in ... Read more

Florida: Governor Signs Bills Amending Unfair Trade Practices Laws

April 10, 2018 Gov. Rick Scott has signed HB 483, which amends the unfair trade practices law regarding the provision of gifts by insurers and producers to insureds, prospective insureds, and others. Under the current law, carriers and producers are prohibited from ... Read more

Kentucky: DOI Releases Annual Bulletin Regarding Local Government Premium Tax

April 10, 2018 The Kentucky Department of Insurance has issued Bulletin 2018-01 to all licensed carriers subject to Kentucky Local Government Premium Tax. Under KRS 91A.080, LGPT is imposed on insurance risks located within the corporate limits of the local ... Read more

Massachusetts: WCRIBMA Issues Circular Regarding Terrorism Coverage Data Reporting

April 9, 2018 The Workers’ Compensation Rating and Inspection Bureau of Massachusetts has issued a Circular Letter regarding workers’ compensation data reporting related to terrorism coverage. WCRIBMA is advising member companies that they are not required to ... Read more

Idaho: Governor Signs Bill Amending Idaho’s Trespass Laws

April 9, 2018 Gov. C.L. “Butch” Otter has signed HB 658, amending several sections of Idaho’s code relating to trespass. The bill is intended to strengthen Idaho's private property rights protections by: Creating consistent definitions across key sections of the ... Read more

South Carolina: Crossover Deadline April 10; DUI-E Bill, Litigation Loan Proviso Raised in Legislature

April 9, 2018 April 10 is the crossover deadline for bills being considered during the 2017-2018 legislative session, causing a flurry of activity immediately following furlough weeks around Easter holiday. HB 4480, which would prohibit driving under the influence ... Read more

Colorado: NAMIC-Supported Distracted Driving Bill Passes Out of Committee

April 9, 2018 NAMIC-supported HB 1272, Concerning the Availability of Network-Level Mobile Phone Distracted Driving Prevention Technology, has passed out of the House Transportation and Energy Committee on a 9-5 vote with one Republican voting in favor of the ... Read more

California: NAMIC Joins Coalition Opposing Medicinal Cannabis Employment Discrimination Bill

April 9, 2018 NAMIC has joined a broad-based business and insurer coalition led by the California Chamber of Commerce to oppose AB 2069, Medicinal Cannabis; Employment Discrimination. The bill would undermine an employer’s ability to provide a safe and drug-free ... Read more

Louisiana: NAMIC Opposes Legislation to Extend Statutes of Limitation and Restrict Territorial Rating

April 6, 2018 NAMIC has voiced opposition opposed two problematic bills being considered by the Louisiana Legislature. HB 720 would extend the prescription period – the Louisiana Civil Code equivalent of a statute of limitations – for bad faith actions to ten ... Read more

Hawaii: Senate Changes to OEM/Aftermarket Parts Study Bill Raise Concerns

April 6, 2018 The Senate Committee on Commerce, Consumer Protection and Health has amended HB 1620, HD2, OEM/Aftermarket Parts, which was an auto repair parts study bill, to now impose specific original equipment manufacturer parts payment requirements on ... Read more

Rhode Island: Senate Judiciary Committee Considering Additional Parts and Repair Restrictions

April 6, 2018 The Rhode Island Senate Judiciary Committee held a hearing April 3 to consider Senate Bill 2679. The bill would limit the ability for insurers to “require any repairer to use repair specifications or procedures that are not in compliance with the ... Read more

New Jersey: Bad Faith, Wrongful Death Bills Pass Out of Senate Committees

April 6, 2018 The New Jersey Senate Commerce Committee voted April 5 to pass Senate Bill 2144 out of committee. The bill would establish a cause of action for “unnecessary delay or unreasonable denial for payment of claims under an insurance policy.” The bill ... Read more

Wisconsin: Gov. Signs Bill on Certificates of Insurance and Nonrenewal Notifications/Affiliate Renewals

April 6, 2018 Wisconsin Gov. Scott Walker has signed AB 744, relating to the content of certificates of insurance and insurance policy nonrenewal notifications and affiliate renewals. First, the bill adds a new subsection to Wis. Stat. § 628.34, unfair marketing practi Read more

Michigan Gov. Signs Asbestos Transparency Bill

April 6, 2018 Michigan Gov. Rick Snyder signed HB 5456, the Asbestos Bankruptcy Trust Claims Transparency Act, into law April 2. The bill closely tracks the national model bill and implements transparency and evidentiary standards for individuals making asbestos ... Read more

California: CDI Introduces New Form for Registration of Non-Licensed Adjusters

April 5, 2018 The California Department of Insurance has issued a notice to property/casualty carriers and licensed adjusters regarding the introduction of a new form that may be used to register non-licensed adjusters in certain circumstances ... Read more

Missouri: NAMIC-Supported Civil Justice Reform Measures Advance

April 5, 2018 The Missouri Senate Government Reform Committee voted April 4 to report “Do-Pass” HB 1645, regarding asbestos transparency, and HB 1578, on “litigation tourism” by a 5 to 2 margin. NAMIC has been a consistent supporter of these reforms. Both bills ... Read more

Hawaii: Insurance Division Issues Reminder Regarding 2018 Annual License Extension Fees and Dues

April 5, 2018 The Hawaii Insurance Division is reminding insurers that fees and forms for the annual extension of Certificates of Authority or Registration are due August 16. If payment is not received on or prior to August 16, a statutory penalty of 50 percent of ... Read more

Hawaii: NAMIC Opposes Amended Consumer Privacy Notice Bill

April 5, 2018 NAMIC has submitted written testimonyto the House Committee on Finance in opposition to SB 2643, SD1, HD1Insurance; Financial Information; Privacy. The originally introduced version of the bill was supported by NAMIC, because it was a consumer ... Read more

South Carolina: Revised MSPM is Now Available For Purchase Online

April 5, 2018 The South Carolina Workers’ Compensation Commission has announced that the revised Medical Services Provider Manual is now available for purchase through its website. The MSPM was revised last month to include a conversion factor of $50 and to adopt ... Read more

Colorado: NAMIC Supports Distracted Driving Prevention Mobile Technology Bill

April 5, 2018 NAMIC has submitted written testimony in support of HB 1272, Concerning the Availability of Network-Level Mobile Phone Distracted Driving Prevention Technology[link to attached pdf]. The House Transportation and Energy Committee will hold an April 5 ... Read more

Kentucky Legislature Passes Tax on Automobile Repairs; Governor to Review

April 5, 2018 The Kentucky General Assembly passed HB 366, a comprehensive tax reform plan, April 2, and submitted it to Gov. Matt Bevin HB 366 applies the existing Kentucky sales tax of six percent to wide range of previously untaxed services and ... Read more

Delaware: DOI Issues Revised Bulletin Regarding Insurance Fraud Reporting Form

April 5, 2018 The Delaware Department of Insurance has issued Revised Bulletin 15 regarding the mandatory reporting of insurance fraud under 18 Del. C. § 2408 and Delaware’s required fraud reporting form. The bulletin was amended to update the Department’s website ... Read more

Wisconsin: Governor Signs NAMIC-Supported Civil Justice Reform Package

April 4, 2018 Gov. Scott Walker on April 3 signed AB 773. The bill enacts several civil justice reforms to include: Mandating the disclosure of contingent-fee-based agreements with third-party litigation financiers; Reducing the interest rate from 12 percent to ... Read more

South Dakota: DOI Updates Bulletin Governing Defense Within The Limits Policies

April 4, 2018 The South Dakota Division of Insurance on March 29 issued Bulletin 18-01, “Defense within Limits of Liability & Professional Liability Products.” The bulletin updates the guidance found in previous Bulletin 07-02. The bulletin restricts Defense ... Read more

Oregon: DFR Issues Inaugural Insurance Newsletter

April 4, 2018 The Oregon Division of Financial Regulation has issued the first edition of “Common Ground,” its new insurance-related newsletter. The newsletter includes a summary of new laws and recent DFR bulletins. NAMIC members can subscribe to receive ... Read more

Hawaii: Regulatory Sandbox Bill Amended to Apply Only to Health Insurance

April 4, 2018 SB 2938, SD1, HD1, Relating to Insurance Regulatory Variance, has been amended by the House Committee on Consumer Protection and Commerce to apply to only health insurance. The bill originally applied to property/casualty insurance. The bill has now ... Read more

Colorado: NAMIC-Supported Motor Vehicle Title Records Access Efficiency Bill Off to Governor

April 4, 2018 The House has passed SB 183, Agent of Insurer Motor Vehicle Title Records, so the bill is now off to Gov. John Hickenlooper for his signature. Current law authorizes the creation and maintenance of an electronic system that vehicle towers, insurers ... Read more

Tennessee: Blockchain Technology, Smart Contracts Recognized as Legally Binding, Valid

April 4, 2018 Gov. Bill Haslam has signed SB 1662, which recognizes the legal authority to use blockchain technology and smart contracts when conducting electronic transactions. The new law, which is codified at TCA §§47-10-201 – 47-10-202, defines blockchain ... Read more

Property and Casualty Insurance Committee Briefed on Plan to Explore Explanations for Large Rate Increases

April 4, 2018 The chair of the NAIC’s Transparency and Readability of Consumer Information (C) Working Group reported to the Property and Casualty Insurance (C) Committee that it plans to explore the topic of “consumer disclosures regarding the reason or reasons ... Read more

Despite NAMIC Opposition, Arbitration Clause Panel Appears Close to Adopting Model Bulletin

April 4, 2018 The NAIC’s Pre-Dispute Mandatory Arbitration Clauses (D) Working Group seemed poised to vote on and possibly adopt a model bulletin that purports to restrict insurers’ use of arbitration clauses as well as choice of venue and choice of law clauses ... Read more

SAPWG Focuses on Balance Between Accounting, RBC

April 4, 2018 Statutory accounting and risk-based capital together form a unique solvency framework that requires experts from both areas to collaborate on key conceptual matters. Several of these types of issues were discussed, referred, and/or exposed for comment ... Read more

NAIC Approves Expanding to 20 Bond Categories to Calculate RBC

April 4, 2018 The Valuation of Securities Task Force will work with NAIC staff to begin the necessary IT work to expand the number of bond designation categories that are included in the RBC formulas. The technical project – adopted by the Capital Adequacy Task ... Read more

Despite Vote of Three States, Groupwide Supervision to Become Accreditation Standard in 2020

April 4, 2018 The Financial Regulation and Accreditation Standards (F) Committee met to address several accreditation decisions. Most significantly it addressed an issue it had deferred at the Fall National Meeting regarding whether to make the 2014 changes to the ... Read more

Financial Stability Task Force Works With Receivership Task Force on Recovery, Resolution Plans

April 4, 2018 The Financial Stability (EX) Task Force announced at the 2017 summer meeting its intentions to determine if there are gaps in macroprudential data related to large insurance groups. The task force indicated it was looking for aggregate information ... Read more

Big Data Working Group Asks NAIC Leadership to Research Regulator Needs for Complex Model Review Assistance

April 4, 2018 The NAIC’s Big Data (EX) Working Group’s charges include: 1) review current regulatory frameworks used to oversee insurers' use of consumer and non-insurance data, also known as “big data”; 2) facilitate states in their efforts to conduct technical ... Read more

NAMIC Urges NAIC to Focus on Regulatory Efficiency, Organization Role as It Implements Strategic Plan

April 4, 2018 In comments before the NAIC’s Industry Liaison meeting, NAMIC said regulatory efficiency should be emphasized as an important value as the organization implements its “State Ahead” strategic plan over the next three years. As a strong and steady ... Read more

Group Capital Calculation Working Group Notes Intent to Speed Process

April 4, 2018 The Group Capital Calculation Working Group is trying to calculate an aggregated amount of total capital that an insurance group is holding in all its affiliates. This is intended to fend off international pressures to adopt a group capital ... Read more

Reinsurance Task Force Discusses Implementation of the Covered Agreement

April 4, 2018 At the 2018 NAIC Fall Meeting, the Reinsurance Task Force discussed the options for implementing the EU/U.S. Covered Agreement. The Covered Agreement requires reinsurance collateral requirements for European Union reinsurers to be the same as those ... Read more

Indiana: Governor Signs Bill Eliminating Rebuttable Presumption Related to Theft/Vandalism of Rental Auto

April 3, 2018 Gov. Eric Holcomb has signed HB 1060, amending Indiana Code § 24-4-9-13 related to rental car agreement provisions and the renter’s liability for theft and vandalism. Under current Indiana law, a renter and rental company may agree that the renter has no Read more

Massachusetts: WCRIBMA Issues Circular Letters 2329-2332 Regarding July 1 General Rate Revision

April 3, 2018 The Workers’ Compensation Rating and Inspection Bureau of Massachusetts has released four new Circular Letters related to the July 1 general rate revision that NAMIC reported on March 26. Circular letters 2329, 2330, 2331, and 2332 address ... Read more

Connecticut: Judiciary Committee Votes Against Moving Crumbling Foundations Bill Forward

April 3, 2018 The Judiciary Committee defeated on April 2 Senate Bill 518 with a 16-24 vote. Recall prior communications outlined provisions of the bill and shared that NAMIC submitted a written statement in opposition. Thank you again to members who provided ... Read more

Hawaii: Consumer Privacy Notice Bill Amended Again

April 3, 2018 SB 2643, Insurance; Financial Information; Privacy, was originally introduced as a consumer privacy notice reform bill that was modeled after the federal Fixing America’s Surface Transportation Act amendments to the Gramm-Leach-Bliley Act. The purpose ... Read more

Idaho: Legislative Session Ends Without Passage of NAMIC-Opposed Bills to Increase Mandatory Automobile Liability Insurance Coverage

April 3, 2018 NAMIC is pleased to inform its members that HB 488, Financial Responsibility Limits of Coverage, died a quiet death in committee. The legislation would have increased the current automobile minimum liability insurance coverage limits of ... Read more

NAMIC Launches ‘Insurance Uncovered’ Podcast

April 3, 2018 NAMIC launched its new podcast, Insurance Uncovered, April 2 on the association’s website and in the iTunes store. The podcast is produced in-house to inform, educate, and entertain NAMIC members and others who are interested in the property/casualty ... Read more

Indiana: DOI Extends Temporary Rule Repealing Exemptions to Form F Enterprise Risk Report Filing Requirement

April 2, 2018 As NAMIC reported in January, the Indiana Department of Insurance issued an emergency rule temporarily repealing 760 IAC-1-15.1-3.1, which sets forth exemptions to the Form F enterprise risk report filing requirement. The emergency rule expired on ... Read more

Florida: Governor Signs Bills Amending Several Insurance Statutes

April 2, 2018 Gov. Rick Scott has signed HB 465, which amends several insurance-related statutes. NAMC followed the bill closely and assisted with on-the-ground lobbying efforts to keep the bill moving. Among the many statutory changes effected by the passage of ... Read more

Georgia: Distracted Driving, Reductions in Coverage, Cancellation by Insured Bills Pass on Final Day of Session

April 2, 2018 The Georgia General Assembly adjourned March 29. HB 673, which NAMIC and property/casualty insurance industry partners as well as other interests supported throughout the session, was finally agreed to by the House and Senate at the 11th hour ... Read more

South Dakota: Governor Signs Bill Regarding Data Security Breach Notification

April 2, 2018 Gov. Dennis Daugaard has signed SB 62, regarding the provision of notice of a breach of system security. The bill requires any “information holder” that has been subject to a breach of system security to notify all affected individuals within 60 days ... Read more

Alabama: Governor Signs Data Breach Notification Act of 2018

April 2, 2018 Gov. Kay Ivey has signed SB 318, enacting the Alabama Data Breach Notification Act of 2018. The bill, which is effective June 1, passed unanimously in the Alabama House and Senate. Much like Nebraska Legislative Bill 757, enacted earlier this year ... Read more

Michigan: No-Fault Auto Insurance to Increase

April 2, 2018 The Michigan Catastrophic Claims Association announced on March 29 a 13 percent increase to the current $170 assessment paid by auto insurance companies to cover catastrophic claims under Michigan’s no-fault system. The increase brings the total ... Read more

Mississippi: Windstorm Underwriting Association Bill Passes Prior to Adjournment

April 2, 2018 As the Mississippi legislative session was winding down to adjournment on March 28, both the House and Senate on March 27 adopted the conference report for SB 2467. The final version of the bill extends collection by the Mississippi Windstorm ... Read more

Colorado: NAMIC-Supported Asbestos Tort Trust Transparency Bill Passes Out of Senate

April 2, 2018 The Senate passed SB 123, Asbestos Tort Trust Transparency Act, after a lengthy third reading delay on the floor and a referral back to second reading to remove an amendment that would have excluded asbestos claims asserted by veterans from the ... Read more

Idaho: NAMIC-Opposed Bill on Inadmissibility of Seatbelt Use Evidence Signed Into Law

April 2, 2018 Gov. C.L. “Butch” Otter has signed into law HB 554, Seatbelt Use, which had overwhelming legislative support. The new law states: The failure to use a safety restraint shall not be considered under any circumstances as evidence of contributory or ... Read more

Alabama: Guaranty Association Update Passes Prior to Last Days Dustups

March 29, 2018 The Alabama legislature on March 27 enrolled SB 283, legislation to modernize the state guaranty association limits. The bill increases coverage up to $300,000 and includes other modernizations. The House had given SB 283 third reading on March ... Read more

West Virginia: Governor Signs Bill Regarding Commercial Lines Rate Filing Exemptions

March 29, 2018 Gov. Jim Justice has signed SB 495, amending WV Code § 33-20-4 and designating certain commercial insurance coverages as exempt from rate filing requirements. The following commercial lines are now designated as exempt from rate filing: Surety and ... Read more

Connecticut: Crumbling Foundations Bill Heard in Senate Judiciary Committee

March 29, 2018 The Senate Judiciary Committee held a hearing March 26 on Senate Bill 518 for which NAMIC submitted a written statement in opposition. NAMIC shared details on March 21 of the bill with members. Many NAMIC members expressed their strong concerns ... Read more

New Mexico: OSI Adopts New Resident Producer Licensing Rules

March 29, 2018 The New Mexico Office of the Superintendent of Insurance has adopted NMAC 13.4.2, repealing and replacing the resident licensing requirements. The new rule establishes requirements for obtaining a license from the insurance superintendent as, among ... Read more

Alaska: NAMIC-Supported CBIS on Policy Renewals Bill Becomes Law

March 29, 2018 NAMIC-supported HB 195 has been signed into law by Gov. Bill Walker. The bill removes a serious administrative impediment to insurers using credit-based insurance scoring on policy renewals. NAMIC actively supported this pro-consumer legislation for ... Read more

California: Asbestos Tort Claims Reform Bill Introduced

March 29, 2018 AB 2793, Asbestos Tort Clams, authored by Assembly member Kevin Kiley, has been introduced and assigned to the Assembly Committee on Judiciary for a public hearing. The proposed legislation would require a court to grant a plaintiff the trial ... Read more

Virginia: Governor Signs Bill Amending Law Mandating Disclosure of Limits of Liability

March 29, 2018 Gov. Ralph Northam has signed SB 535, which amends VA Code § 8.01-417 to add an additional basis under which an insurer must disclose its insured’s limits of liability in a personal injury matter. Under current Virginia law, insurers must disclose ... Read more

Michigan: DIFS Issues Bulletin Regarding Limited Exception to Producer Appointment Requirement

March 28, 2018 The Michigan Department of Insurance and Financial Services has issued Bulletin 2018-09-INS regarding the limited exception to the requirement that producers be appointed with an insurer in order to write a policy. Under MCL § 500.1207(4), a producer ... Read more

Tennessee: Governor Signs Bill Making Common Law Rules of Contract Construction Statutory

March 28, 2018 Gov. Bill Haslam has signed HB 1977, amending T.C.A.§ 56-7-102 that establishes the "entire contract" rule as statutory to now include additional statutory rules of contract construction of... Read more

Mississippi: Governor Signs Bill Prohibiting Civil Liability for Reporting Insurance Fraud

March 28, 2018 Gov. Phil Bryant has signed SB 2527 insulating those persons reporting information about suspected or completed insurance fraud to law enforcement, regulators, or others from civil liability. The... Read more

Kansas: Governor Signs Bill Exempting Insurers' Claims Handling Operations From Local Licensing, Registration Ordinances in the Event of Disaster

March 28, 2018 Gov. Jeff Colyer has signed HB 2469 related to the licensing and registration of claims handling operations established as a result of a disaster. Under the bill, when there has been a "catastrophic... Read more

Utah: Governor Signs Bill Regarding Uninsured, Underinsured Motorist Coverage

March 27, 2018 Gov. Gary Herbert signed SB 190, amending Utah Code §§ 31A-22-305 and 31A-22-30 related to underinsured and uninsured motorist insurance. The bill establishes the following: UM coverage does not cover benefits paid or payable that are payable as ... Read more

Washington: Governor Signs NAMIC-Supported Risk Mitigation Goods, Services Bill

March 27, 2018 Gov. Jay Inslee has signed SHB 2322, which allows property insurers to provide certain risk mitigation goods or services to their personal insureds. As NAMIC noted March 16, the association and its members invested extensive time negotiating and ... Read more

Oregon: Governor Signs Bill Amending Breach of Security Notification, Cybersecurity Laws

March 27, 2018 Gov. Kate Brown has signed SB 1551, which amends Oregon’s breach of information security notification and cybersecurity laws. The bill requires any person or entity that owns, licenses, or otherwise possesses “personal information,” as defined in the ... Read more

Idaho: Governor Signs Bill Amending Content of Certificates of Insurance

March 27, 2018 Gov. Clement Leroy “Butch” Otter signed HB 522, amending Idaho Code § 41-1850, adding a new restriction on the permissible content of a certificate of insurance. Under current law, a certificate of insurance may not reference an underlying ... Read more

Hawaii: NAMIC-Supported OEM/Aftermarket Parts Study Bill Passes Out of Committee

March 27, 2018 The Senate Committee on Commerce, Consumer Protection and Health has passed as amended HB 1620, HD2, OEM/Aftermarket Parts Study. The bill has been amended to include the contrary provisions of SB 2243, SD1, the aftermarket parts de-facto prohibition ... Read more

Colorado: NAMIC Submits Testimony Supporting Motor Vehicle Title Records Access Efficiency Bill

March 27, 2018 NAMIC has submitted written testimony to the House Business Affairs and Labor Committee on SB 183, Agent of Insurer Motor Vehicle Title Records, for the March 27 public hearing. Current law authorizes the creation and maintenance of an electronic ... Read more

Kansas: NAMIC Opposes Parts of School Safety Bill Mandating Coverage, Changing Negligence Standard

March 27, 2018 NAMIC submitted written testimony on March 27 opposing two provisions in HB 2789, the school safety bill. One section would forbid insurers from not covering or from charging a higher rate to school districts that allow employees to possess a ... Read more

Virginia: Governor Signs Bill Regarding ‘Virtual’ Meetings of Members of Non-Stock Corporations

March 26, 2018 Gov. Ralph Northam has signed HB 1205, which allows non-stock Virginia corporations to hold member meetings “virtually.” Existing Virginia law allows for remote participation in meetings by members; however, it does not provide the corporation the ... Read more

Oregon: Worker’s Compensation Division Revises Bulletin 124 Regarding Vocational Assistance

March 26, 2018 The Oregon Workers’ Compensation Division has revised Bulletin 124 regarding forms, examples, checklists, and a chart for insurers and vocational assistance providers to use under Oregon Administrative Rule (OAR) 436-120. The bulletin also provides ... Read more

New Jersey: DBI Issues Bulletin Regarding Disclosure of Supplemental Compensation Exhibits

March 26, 2018 The New Jersey Department of Banking and Insurance has issued Bulletin No. 18-03 to all New Jersey domestic insurers and other licensees regarding how the DBI will address future requests for disclosure of the Supplemental Compensation Exhibits ... Read more

Massachusetts: WCRIBMA Issues Circular Letter Regarding General Rate Revision

March 26, 2018 The Workers’ Compensation Rating and Inspection Bureau of Massachusetts has issued Circular Letter 2328, notifying its members and subscribers that it has approved a stipulation for a general revision of workers’ compensation rates applicable to new ... Read more

Georgia: House Passes FAST Act Privacy Notices Update; Must Agree With Senate on Reductions in Coverage, Cancellation by Insured Bills

March 26, 2018 The Georgia House on March 23 passed NAMIC-supported SB 350, which will update the notices required by state law in accordance with implementation of the federal Fixing America’s Surface Transportation Act amendments to the Gramm-Leach-Bliley Act in ... Read more

Florida: Governor Signs Bill Revising Mandatory Disclosures Regarding Law, Ordinance Coverage, Flood Insurance

March 26, 2018 Gov. Rick Scott has signed HB 1011 amending § 627.7011. F.S. to revise the language of the mandatory homeowner's insurance policy disclosures related to law and ordinance coverage and flood insurance. The additional language advises insureds to ... Read more

District of Columbia: DISB Relocates Office

March 26, 2018 The District of Columbia Department of Insurance, Securities and Banking announced March 26 that it has moved its office to 1050 First Street NE, Suite 801, Washington, DC 20002. Department telephone numbers and email addresses have not changed. Read more

Colorado: Reminder – Amendments to Private Passenger Automobile Policy Disclosure Rule Effective April 1

March 26, 2018 The Colorado Department of Regulatory Agencies, Division of Insurance, on Oct. 12, 2017, adopted amendments to 3 CCR 702-5, regarding summary disclosure forms for private passenger auto policies. The amendments are effective April 1. The amended rules ... Read more

California: NAMIC Submits Comments on Proposed Regulation on Workers’ Comp Deductible Policies

March 26, 2018 NAMIC has submitted written comments to the California Department of Insurance's on its proposed Reg. 20017-00018, Workers' Compensation Deductible Policies. The proposed regulation imposes new requirements on insurers offering workers' compensation ... Read more

Arizona: Governor Signs Bill Amending Workers’ Compensation Rate Deviations Law

March 26, 2018 Gov. Doug Ducey has signed HB 2025, effecting a minor revision to ARS §20-359, “Deviations from filed workers’ compensation rates.” The amendment clarifies that an insurer cannot simultaneously apply a deviation and a schedule rating to the same ... Read more

Kansas: NAMIC-Endorsed Transparency in Asbestos Lawsuits Reform Heads to Governor’s Desk

March 26, 2018 The state Senate approved on March 22 HB 2457, NAMIC-supported legislation that creates greater transparency in asbestos litigation. It now goes to the governor, who is expected to sign the bill. NAMIC submitted testimony to committees in both the ... Read more

Georgia: Distracted Driving Legislation Headed in Right Direction; Reductions in Coverage Bill Scheduled for Senate Floor

March 23, 2018 HB 678, which is intended to curb distracted driving – specifically the use of handheld mobile devices while driving – was approved by the Senate Judiciary Committee March 22 with just a few changes. Only a few legislative days are left in the ... Read more

Idaho: NAMIC-Supported DUI Prevention Bill Passes Out of Legislature

March 23, 2018 HB 551, Ignition Interlock: DUI, has passed out of the House on a 55-14-1 vote and then out of the Senate on a 21-12-2 vote. The bill is now eligible for Gov. C. L “Butch” Otter to sign into law. The proposed legislation would require mandatory ... Read more

Hawaii: NAMIC Submits Testimony Supporting Resolution to Study Property/Casualty Insurance Modernization

March 23, 2018 NAMIC has submitted written testimony to the House Committee on Consumer Protection and Commerce on HCR 87 and its companion resolution HR 71. The resolutions specifically request that the insurance commissioner convene an insurance modernization ... Read more

Colorado: NAMIC-Supported Motor Vehicle Title Records Access Efficiency Bill Passes Out of Senate

March 23, 2018 SB 183, Agent of Insurer Motor Vehicle Title Records, has passed out of the Senate on a 34-0 vote after passing out of the Business, Labor and Technology Committee on a 6-0 vote. It will soon be scheduled for a hearing in the House Business Affairs ... Read more

California: NAMIC-Supported Time-Limited Demands Reform Bill Introduced – ASSISTANCE REQUESTED

March 23, 2018 The Civil Justice Association of California is spearheading a broad-based business and insurance industry coalition to try to reform the current law on time-limited demands. A significant number of plaintiff attorneys have used the current law as a ... Read more

Vermont: DFR Adopts Elimination of Provision of Annual Privacy Notice

March 22, 2018 The Vermont Department of Financial Regulation has adopted Regulation B-2017-01, eliminating the requirement that insurers provide annual privacy practices notices to policyholders, subject to certain conditions. Pursuant to the regulation, an insurer ... Read more

Nebraska: DOI Announces New Temporary Location

March 22, 2018 The Nebraska Department of Insurance has announced that it has a new temporary location at 1135 M Street, Suite 300. The department can be reached at (402) 471-2201. Read more

North Carolina: Rate Bureau Announces Workers’ Compensation ManagePolicy System Improvements

March 22, 2018 The North Carolina Rate Bureau has issued a Circular Bulletin to its members writing workers’ compensation coverage, announcing that it will be introducing an enhanced version of its web application “ManagePolicy” on April 5. Per the letter, the improved Read more

Massachusetts: WCRIBMA Issues Bulletin Regarding Final 2015 VDAC Reapportionment

March 22, 2018 The Workers’ Compensation Rating and Inspection Bureau of Massachusetts has issued Special Bulletin No. 03-18, announcing its implementation of the final reapportionment for policy year 2015 for the Voluntary Direct Assignment Program. The bulletin ... Read more

Colorado: NAMIC-Supported Motor Vehicle e-Titling, Acceptance of e-Signatures Bill Introduced

March 22, 2018 NAMIC-supported HB 1299, Electronic Filing Title Registration Motor Vehicles, has been introduced and assigned to the House Transportation and Energy Committee for a public hearing. Current law prohibits denying legal effect or enforceability of an ... Read more

California: Legislature Holds Informational Hearing on Drought, Climate Change, Homeowners’ Insurance

March 22, 2018 The Joint Legislative Committee on Emergency Management and the Senate Committee on Insurance held an informational hearing on “Drought, Climate Change and Fire: How is the California Homeowners’ Insurance Market Responding?”Sen. Hannah-Beth Jackson ... Read more

Washington: NAMIC-Supported Natural Disaster Risk Study Bill Dies; Could be Revived at Regulatory Level

March 21, 2018 NAMIC-supported SB 6036, a natural disaster risk mitigation and resiliency study bill, and its House companion bill, HB 2320, died during the 2018 legislative session. However, the industry is still hopeful that this important public safety project ... Read more

Louisiana: NAMIC Provides Testimony on Various Bills Being Considered by Legislature

March 21, 2018 NAMIC provided testimony March 20 to both the Louisiana House and Senate Insurance committees on four pending bills. NAMIC supports the electronic delivery of insurance notices provisions in HB 370. This legislation will reduce compliance costs and ... Read more

Idaho: NAMIC-Opposed Inadmissibility of Seatbelt Use Evidence Bill Passes Out of Committee

March 21, 2018 NAMIC-opposed HB 554, Seatbelt Use, has passed out of the Senate Judiciary Committee and will soon be voted on by the full Senate. The proposed legislation states: The failure to use a safety restraint shall not be considered under any circumstances ... Read more

Hawaii: NAMIC Submits Testimony Supporting OEM/Aftermarket Parts Study Bill

March 21, 2018 The Senate Committee on Commerce, Consumer Protection and Health, which passed on a 6-0 vote SB 2243, OEM Parts, a de-facto ban on the use of aftermarket parts in auto insurance claims, will be hearing HB 1620, HD2, OEM/Aftermarket Parts Study. In ... Read more

Colorado: NAMIC-Opposed Public Adjuster Bill Dies in Committee

March 21, 2018 NAMIC is pleased to report that the controversial public-adjuster-sponsored bill, HB 1153, Property Casualty Insurance Claim Appraisal Procedures, has died in the House Finance Committee. The bill would have created legal confusion as to the ... Read more

California: Wildfire Risk Model ‘Spot Bill’ Amended to Require Consumer Appeal Process

March 21, 2018 AB 2611, a “spot bill” or a legislative placeholder, has been amended to provide a policyholder with the right to have his or her insurer’s wildfire underwriting score appealed to the insurer, with any adverse underwriting actions subject to review by ... Read more

Arkansas: Department Issues Bulletin Regarding NAIC Accounting Practices and Procedures Manual Updates

March 21, 2018 The Arkansas Department of Insurance has issued Bulletin 2-2018, providing notification to domestic insurers and other entities of the department’s intent to adopt the amendments, revisions, or modifications to the NAIC’s Accounting Practices and ... Read more

Arizona: Governor Signs Bill Raising Impermissible Inducement Dollar Limit

March 21, 2018 Gov. Doug Ducey has signed HB 2098 raising the dollar limit over which the provision of prizes, goods, wares, merchandise, or tangible property would be considered impermissable from $25 to $100. The limit is subject to exceptions as noted in existing ... Read more

Oregon: DOT Establishes Standards for Distracted Driving Avoidance Courses

March 21, 2018 The Oregon Department of Transportation has adopted new standards for distracted driving avoidance courses provided to persons guilty of violating ORS § 811.507, Oregon’s distracted driving law. Among other provisions, the new rules set standards for ... Read more

Connecticut: New Crumbling Founds Bill – FEEDBACK REQUESTED

March 21, 2018 The Senate Judiciary Committee will be debating Senate Bill 518. NAMIC is requesting member feedback by 12 p.m. on March 23 on the bill’s potential impact. Recall that in 2017 the Connecticut Legislature passed Senate Bill 1502, which NAMIC reported ... Read more

Alabama: Governor Signs Bill Relating to Dangerous Dogs, Owners’ Insurance Requirements

March 21, 2018 Gov. Kay Ivey has signed SB 232, which enacts “Emily’s Law” related to dangerous dogs. Under the bill, which is effective June 1, 2018, a dog may be found to be dangerous, but if it has not caused serious physical injury to a person it may be ... Read more

Georgia: Two Weeks Left in Session; Hearings on Distracted Driving, Statute of Limitations on Childhood Sexual Offences Elicit Emotional Testimony

March 20, 2018 Bills regarding distracted driving, HB 673, and the statute of limitations on childhood sexual offenses, HB 605, continue to be controversial topics in Georgia General Assembly, which is likely to adjourn in two weeks. The Senate Judiciary Committee ... Read more

Hawaii: NAMIC-Supported Resolutions to Have Commissioner Study Property/Casualty Insurance Modernization Introduced

March 20, 2018 HCR 87, its companion resolution HR 71, and HCR 144 have been introduced and assigned to the House Committee on Consumer Protection and Commerce and the House Committee on Finance. NAMIC will be submitting written testimony to the committees in ... Read more

Colorado: Compromise Language in Bill to Increase County Court Monetary Jurisdiction Passes Out of Senate

March 20, 2018 SB 56, County Court Jurisdiction, has passed out of the Senate and has been assigned to the House Judiciary Committee for a public hearing. The introduced version of the proposed legislation would have increased the current $15,000 monetary threshold ... Read more

California: NAMIC Attends Opposition Meeting on Consumer Privacy Initiative

March 20, 2018 The California Consumer Privacy Act of 2018 has been filed with the California attorney general for the November 2018 election. The proponents of the initiative have until April 24 to secure the requisite 600,000 signatures necessary to qualify the ... Read more

Alabama: Guaranty Association Update Nearing Passage

March 20, 2018 Legislation to modernize the state guaranty association limits, SB 283, is nearing the finish line for passage. Alabama has not changed its law since the early 1980s. The bill increases coverage up to $300,000 worth of property/casualty ... Read more

Idaho: NAMIC Submits Fact Sheet Opposing Bill on Inadmissibility of Seatbelt Use Evidence

March 19, 2018 NAMIC-opposed HB 554, Seatbelt Use, which passed out of the House Judiciary, Rules and Administrative Committee on a 16-1 vote and the House on a 69-0-1 vote, has now been scheduled for a hearing in the Senate Judiciary Committee. The proposed ... Read more

Colorado: Broad-Based Coalition Leading Fight Against Trial-Bar-Sponsored Arbitration Bills

March 19, 2018 The Colorado Civil Justice League, which NAMIC is a member of, is leading a broad-based coalition against a trial-bar legislative effort to stack the deck in favor of plaintiffs in civil lawsuit arbitrations and provide plaintiff attorneys with new ... Read more

California: NAMIC Attends CDI Pre-Notice Workshop on Workers’ Comp Deductible Policies – FEEDBACK REQUESTED BY MARCH 21

March 19, 2018 NAMIC attended the California Department of Insurance’s industry pre-notice of rulemaking workshop March 16 on its proposed Reg. 20017-00018, Workers’ Compensation Deductible Policies. The CDI has requested the insurance industry to submit written ... Read more

Texas: NAMIC Provides Written Comments Supporting Workers’ Compensation Telemedicine Rules

March 19, 2018 NAMIC provided written comments March 16 on proposed telemedicine rules promulgated by the Texas Division of Workers’ Compensation. These proposed rules will make telemedicine more accessible to injured workers, providing them with specialist ... Read more

Oregon: Governor Signs Bill Regarding Prescription Drug Price Transparency; ODCBS Amends Medical Fee Payment Rules

March 16, 2018 Gov. Kate Brown signed HB 4005 on March 12, enacting the Prescription Drug Price Transparency Act. Beginning in 2019, manufacturers of prescription drugs exceeding a certain price level must annually provide the Oregon Department of ... Read more

Iowa: NAMIC-Supported Seat Belt, Fraud Bills Advance

March 16, 2018 Gov. Kim Reynolds on March 15 signed SF 2135, which increases from 5 percent to 25 percent the amount of a judgment that can be reduced for a plaintiff who was not wearing a seatbelt when injured in an automobile accident. This amount is ... Read more

Washington: NAMIC-Supported Risk Mitigation Goods, Services Bill to Governor for Signature

March 16, 2018 SHB 2322, allowing property insurers to assist their insureds with risk mitigation goods or services, passed unanimously from the Senate floor in the final hours of session. The bill is now off to Gov. Jay Inslee for his anticipated ... Read more

Nebraska: NAMIC-Supported Assignment of Benefits Legislation on Way to Governor’s Desk

March 16, 2018 The Legislature on March 15 passed LB 743 to regulate public adjusters and establish minimum requirements for post-claim loss assignment of benefits contracts. NAMIC has been a strong supporter of assignment of benefits reform. NAMIC expects ... Read more

Mississippi: Insurance Fraud, Texting/Driving Bills Headed to the Governor; Windstorm Underwriting Association Changes Still in Play

March 16, 2018 SB 2527, which prohibits civil liability against a person or entity for reporting insurance fraud, was amended and passed by the House on March 1. The Senate concurred on March 14, and the bill is now headed to the governor. Another bill on ... Read more

Hawaii: NAMIC-Supported Bill Promoting Insurance Services Modernization Amended by DOI in Concerning Way

March 16, 2018 The Senate Committee on Commerce, Consumer Protection and Health amended HB 1876, HD 1, Motor Vehicle Insurance Claims Service and Sales, to add a limiting provision by the Division of Insurance that would require every island to have an ... Read more

Alabama: Governor Signs Bills Amending Producer Continuing Education Laws; Wind Loss Mitigation Premium Discounts

March 16, 2018 Gov. Kay Ivey has signed HB 125, amending Alabama’s insurance producer continuing education laws. The amendments include: Providing the authority to the Alabama Department of Insurance to fine producers that file fraudulent ..., Read more

Virginia: NAMIC Asks Governor to Veto Court Reporter Legislation

March 15, 2018 Following up on its efforts to kill the bill prior to passage, NAMIC joined a coalition effort on March 15 to ask Gov. Ralph Northam to veto SB 545, which prohibits multi-state court... Read more

South Carolina: Registration Open for Workers' Compensation Commission Regulation Update Seminar

March 15, 2018 Registration is open for the April 13 regulation update seminar hosted by the South Carolina Workers' Compensation Commission. To register for the seminar... Read more

Missouri: Senate Passes NAMIC-Endorsed Bill to Close Bad Faith Loophole

March 15, 2018 The Missouri Senate on March 14 took up HB 1531, a NAMIC-supported measure to protect insurers from bad-faith traps in situations where liability is admitted and the insurer pays the proceeds to... Read more

South Dakota: Governor Signs Bill Regarding Salvage Auto Titles

March 14, 2018 Gov. Dennis Daugaard has signed HB 1236, relating to salvage titles of autos subject to insurance claims. Under the new law, if an insurer is unable to obtain a certificate of title for a motor vehicle from the owner or lienholder within ... Read more

Nebraska: DOI Adopts Amendments to Audited Financial Report Regulation

March 14, 2018 The Nebraska Department of Insurance has adopted amendments to 210 NAC Ch. 56, the Annual Audited Financial Reports Rule. The amendments to Nebraska’s regulation conform with the NAIC’s most recent amendments to its ... Read more

Washington: Governor Signs Corporate Governance Annual Disclosure Act into Law

March 14, 2018 Gov. Jay Inslee has signed SB 6059 into law, enacting the insurance Corporate Governance Annual Disclosure Act. The bill is closely modeled after the National Association of Insurance Commissioners’ model CGAD act. The act takes effect on ... Read more

Vermont: Insurance Division Revises Bulletin Regarding Company Admission Criteria

March 14, 2018 The Vermont Insurance Division has re-issued Bulletin 43, revising its criteria and application procedures for companies seeking to be admitted in Vermont. The revised bulletin lists those criteria that companies seeking admission must ... Read more

Louisiana: NAMIC Provides Testimony Supporting Legislation Promoting Modernization

March 14, 2018 NAMIC provided written testimony March 13 in support of two important modernization bills – HB 169 SB 85. NAMIC supports HB 169 that would allow for the use of Intelligent Barcode when mailing policy cancellation notices. Current law requires ... Read more

Hawaii: House, Senate, Concurrent Resolutions Introduced to Study Adequacy of Mandated TNC Insurance Coverages

March 14, 2018 HCR 110, and related SR 134, SCR 184, HR 98, and HCR 171 have been introduced. In 2016, Act 236, HB 260, HD1, SD1, CD1, was enacted to address the insurance coverage gap associated with transportation network company activities. The act established ... Read more

Georgia: Many Insurance Bills Positioned for Final Passage

March 14, 2018 The Georgia General Assembly is closing in on its 40-day session with a great deal of committee activity in both chambers. HB 592, which would eliminate the sunset provision of June 30, 2018, established when self-evaluative privilege was ... Read more

Colorado: NAMIC-Supported Motor Vehicle Title Records Access Efficiency Bill Passes Out of Committee

March 14, 2018 SB 183, Agent of Insurer Motor Vehicle Title Records, has passed out of the Senate Business, Labor and Technology Committee on a 6-0 vote. It will soon be scheduled for a floor vote in the Senate. Current law authorizes the ... Read more

Alaska; NAMIC-Supported Workers’ Comp Omnibus Reform Bill Passes Out of House

March 14, 2018 HB 79, Workers’ Compensation Omnibus bill, has passed out of the House. The bill will now be assigned to a committee in the Senate for a public hearing. NAMIC supports the proposed legislation because ... Read more

Maryland: Workers' Compensation Commission Amended Rules Became Effective March 12

March 13, 2018 The Maryland Workers' Compensation Commission recent amendments to its rules became effective on March 12. The amendments include ... Read more

Wyoming: Legislature Adjourns; CGAD Bill Signed by Governor

March 13, 2018 The Legislature has adjourned its 20-day budget session. Of interest to insurers is the passage and signing by Gov. Matt Mead of SF 7, the Insurance Corporate Governance Annual Disclosure bill. The bill is closely modeled after the ... Read more

Rhode Island: DBR Adopts Amendments to Auto Pre-Inspection Rules; Issues Bulletin Attaching Forms

March 13, 2018 The Rhode Island Department of Business Regulation, Insurance Division, has adopted primarily non-substantive amendments to 230 RICR 20-05-5, Pre-Inspection of Private Passenger Motor Vehicles. The amendments, adopted and effective March 11, include ... Read more

Kansas: NAMIC Opposes Bill Prohibiting Depreciation of Labor

March 13, 2018 SB 362, which would prohibit insurers from applying depreciation to the labor component of structural repairs, will be heard on March14 by the Senate Financial Institutions and Insurance Committee. NAMIC will submit ... Read more

Colorado: NAMIC-Supported Uninsured Motorist Bill Dies in Committee

March 13, 2018 The House Judiciary Committee has postponed indefinitely the committee vote on Rep. Susan Beckman's uninsured motorist bill, HB 1204. The bill is now dead for the session. NAMIC supported the proposed legislation because the bill was a well-intended ... Read more

Washington: Legislature Adjourns, NAMIC-Opposed Bill Increasing Mandatory Arbitration Monetary Damages Limits Passes

March 13, 2018 As the 2018 regular session of the Legislature has come to an end, insurance-industry and business-community-opposed Engrossed EHB 1128, Mandatory Arbitration Limits, is on its way to Democrat Gov. Jay Inslee for his anticipated ... Read more

Hawaii: NAMIC Submits Testimony Supporting Amended Bill Promoting Insurance Services Modernization

March 13, 2018 NAMIC has submitted written testimony to the Senate Committee on Commerce, Consumer Protection and Health in support of HB 1876, HD 1, Motor Vehicle Insurance Claims Service and Sales. The proposed amended legislation would grant insurers greater ... Read more

California: CDI to Start Rate Review Regulatory Process to Evaluate Specific Impact of Change in FTE Factor on Insurers’ Rates

March 13, 2018 The California Department of Insurance held a meeting March 12 with NAMIC and the other insurance trades to discuss its planned regulatory review process to effectuate the recently revised 10 CCR 2644.18. Federal Income Tax Factors and ... Read more

Tennessee: Bill to Address Proposed ALI Restatement Passes

March 12, 2018 Moving rapidly with no amendments, Tennessee legislation to address the American Law Institute's problematic proposed Restatement of the Law of Liability Insurance, SB 1862/HB 1977, was given final approval March 5 and is now on the way to the ... Read more

Florida: General Assembly Finishes Business During Rare Sunday Afternoon Session

March 12, 2018 The 2018 Florida legislative session adjourned sine die two days late on March 11 due to delays in the budget negotiation process between the House and Senate. The insurance omnibus bill, HB 465, had its final vote of approval and was sent to the ... Read more

Regulators, Legislators Seek to Address Drone Safety, Liability Issues

March 12, 2018 Federal officials seeking to expand drone use in the United States said on March 6 that they are developing legislative proposals to give more federal agencies powers to identify, track, disrupt, and disable drones that pose security dangers. Read more

NAMIC Meets With HUD, DOJ on Disparate Impact Rule Challenge

March 12, 2018 NAMIC and other insurance trade representatives met with Paul Compton, general counsel for the Department of Housing and Urban Development, and the staffs of HUD and the Department of Justice on March 5 to discuss NAMIC's ongoing challenge to the HUD ... Read more

Texas Primary Results Provide Few Clear Wins

March 12, 2018 While most of the primaries for open and competitive seats in Texas are headed to a runoff after no candidate took a majority of the vote on March 6, three districts have all but elected their next member of Congress. Read more

NAMIC Looks to Include International Provisions in Senate Regulatory Reform Bill

March 12, 2018 NAMIC has been working with lawmakers to strengthen the international insurance provisions in the Senate's financial regulatory reform bill, S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. Those efforts are focused on ... Read more

NAMIC Release White Paper on Blockchain, Insurance

March 12, 2018 NAMIC released a new issue analysis March 6 titled "Blockchain: What Possibilities Lay Ahead For Property/Casualty Insurers." Blockchain, the technology that makes cryptocurrencies work, has possibilities for the property/casualty insurance industry... Read more

House Subcommittee Examines Thrift Subsidiary Bill

March 12, 2018 The House Financial Services Committee Subcommittee on Housing and Insurance held a legislative hearing March 7 on a bill designed to protect insurers with thrift subsidiaries that meet state and federal capital standards from onerous Federal Reserve ... Read more

NAMIC, BuildStrong Coalition Submit Comments on FEMA's National Mitigation Investment Strategy

March 12, 2018 The NAMIC-led BuildStrong Coalition submitted comments] March 10 on the Federal Emergency Management Agency's draft National Mitigation Investment Strategy. The NMIS, originally unveiled Jan. 11 by FEMA's Mitigation Framework Leadership ... Read more

Key Congressman Sends Letter Pressing Fed Chairman on International Insurance Regulation

March 12, 2018 A key member of the House Subcommittee on Housing and Insurance sent a letter March 8 to Federal Reserve Chairman Jerome Powell pressing him on the actions of the Financial Stability Board in creating international capital standards for internationally... Read more

Washington: NAMIC-Supported Corporate Governance Annual Disclosure Bill Sent to Governor

March 12, 2018 SB 6059, addressing the insurer corporate governance annual disclosure model act, passed out of the House on a unanimous vote after passing out of the Senate on a vote of 47-2. The proposed legislation is modeled after the ... Read more

Oregon: Legislature Adjourns After Brief, Fairly Non-Controversial Session for Insurers

March 12, 2018 The Legislature has adjourned for the year after one of the least concerning sessions for insurers in the past decade. None of the highly controversial and contested trial-bar proposals were introduced in the session. However, NAMIC expects that first ... Read more

Colorado: NAMIC Submits Testimony Supporting Motor Vehicle Title Records Access Efficiency Bill

March 12, 2018 NAMIC has submitted written testimony to the Senate Business, Labor and Technology Committee on SB 183, Agent of Insurer Motor Vehicle Title Records, for the March 12 public hearing. Current law authorizes the creation and maintenance of an ... Read more

Ohio Valley/Mid-Atlantic: Kirkner Named NAMIC Regional Vice President

March 12, 2018 Andrew Kirkner, JD, has been named NAMIC regional vice president for the Ohio Valley/Mid-Atlantic region beginning March 12. He brings expertise in legislative, regulatory, litigation, amicus, and policy realms to his new role with NAMIC and is poised ... Read more

California: Legislative Action Day - REMINDER

March 12, 2018 NAMIC is proud to once again be co-hosting with industry colleagues Legislative Action Day in Sacramento on March 14 from 9 a.m.-1 p.m. (PST) at the California Chamber of Commerce, 1215 K Street, Suite 1400. Read more

North Carolina: Rating Bureau Issues Circulars Regarding Data Quality Report, NAIC Terrorism Risk Data Call

March 9, 2018 The North Carolina Rate Bureau has issued two Circular Letters applicable to workers' compensation members of the Bureau, Circular C-18-6 and C-18-7. Circular C-18-6 notifies member carriers writing workers' compensation coverage that the 2017 ... Read more

Missouri: House Overwhelmingly Passes NAMIC-Supported Asbestos Transparency Bill

March 9, 2018 The House of Representatives on March 8 passed, by a vote of 96-48, HB 1645, a bill to provide greater transparency in asbestos lawsuits. Earlier this session NAMIC filed testimony supporting the bill. Read more

Tennessee: Amended Workers' Compensation Rules, Credit for Reinsurance Rules Adopted

March 9, 2018 The Tennessee Bureau of Workers' Compensation has adopted amendments to TAC 0800-2-1-.1 through .12, the state's general workers' compensation rules. The amendments repeal and replace the existing rules in Chapter 0800-02-01 regarding the designation ... Read more

Alaska: NAMIC-Supported Opioid-Risk Patient Disclosure Bill Passes Out of First Committee

March 9, 2018 The House Health and Social Services Committee has passed, as amended, HB 268, Opioid Prescriptions, which requires physicians to provide, pursuant to state professional licensure, patients and injured workers with risk disclosures on prescribed ... Read more

Washington: Autonomous Vehicle Study Bill to Governor for Signature

March 9, 2018 SHB 2970, the autonomous vehicle work group bill, passed out of the Senate on a 48-0 and then quickly achieved a concurrence vote in the House. The bill will soon be sent to Gov. Jay Inslee for his expected signature. Read more

Colorado: Distracted Driving Prevention Mobile Technology Bill Introduced

March 9, 2018 State Sen. Lois Court and Reps. Jovan Melton and Mike Foote have introduced a second bill to reduce distracted driving in the state. The proposed legislation addresses mobile technology that may be used by a consumer. Read more

Virginia: Governor Signs Domestic Surplus Lines Insurer Bill

March 9, 2018 Senate Bill 542 was signed March 5 by Gov. Ralph Northam. The new law includes the following provisions related to the creation of Virginia domestic surplus lines insurers ... Read more

NAIC Taking Comments on Draft Bulletin to Restrict Arbitration, Choice of Law and Venue Clauses

March 8, 2018 The NAIC's Pre-Dispute Mandatory Arbitration Clauses (D) Working Group is seeking comments on a draft bulletin that purports to restrict insurers' use of arbitration clauses as well as choice of venue and choice of law clauses. Read more

Hawaii: NAMIC-Supported Consumer Privacy Notice Reform Bill Amended

March 8, 2018 SB 2643, Insurance; Financial Information; Privacy, which is consistent with federal Fixing America's Surface Transportation Act amendments to the Gramm-Leach-Bliley Act, has been amended. NAMIC opposed the recently adopted amendment because it is... Read more

Nebraska: DOI Issues Notice to Medical Malpractice Insurers

March 8, 2018 The Department of Insurance has issued a Notice to medical malpractice insurers regarding coverage for telemedicine. If a physician located outside Nebraska provides medical services to a patient in Nebraska, such services will be covered by the Excess.. Read more

Kansas: NAMIC Urges Committee to Endorse Transparency in Asbestos Lawsuits

March 8, 2018 HB 2457, which provides greater transparency in asbestos legislation, will be heard on March 8 by the Senate Judiciary Committee. NAMIC has submitted testimony urging the committee to advance the bill. Read more

South Dakota: Insurers Will Be Permitted to Transact Business in Languages Other Than English

March 8, 2018 House Bill 1093, enacted on March 6, amends the South Dakota insurance code to allow insurers to transact business in languages other than English through an employee or an interpreter. Insurance policies, endorsements ... Read more

Colorado: NAMIC Submits Testimony Supporting Uninsured Motorist Bill, Industry-Sponsored UM/UIM Amendment

March 8, 2018 NAMIC has submitted written testimony to the House Judiciary Committee in support of Rep. Susan Beckman's uninsured motorist bill HB 1204. The bill is scheduled for a public hearing on March 8. The proposed legislation would ... Read more

Alaska: Credit for Reinsurance Bills Introduced - FEEDBACK REQUESTED

March 7, 2018 Two credit for reinsurance bills have been introduced and assigned to committees for review and public hearings. SB 213 has been assigned to the Senate Labor and Commerce Committee and ... Read more

Maryland: Workers' Compensation Commission Amends Rules Regarding Insurers' Responsibilities

March 7, 2018 The Maryland Workers' Compensation Commission has adopted amendments to COMAR Section 14.09.12.02 and 14.09.12.03 effective March 12. The former was amended to lengthen the time frame for... Read more

New Mexico: New Premium Tax Law Enacted, Transfers Collection Authority to Department of Revenue

March 7, 2018 House Bill 223 was enacted on March 2 transferring the premium tax collection duties from the Department of Insurance to the Department of Revenue and creating a new Insurance Premium... Read more

Kentucky: Department of Insurance Updates No-Fault Rejection Form

March 7, 2018 The Kentucky Department of Insurance has amended 806 KAR 39:030 regarding the content of and submission of the Kentucky No-Fault Rejection Form. The form allows a person to reject limitations on... Read more

Nevada: DOI Disseminates Consumer Notice on New Financial Responsibility Auto Insurance Liability Coverage Requirements

March 7, 2018 The Department of Business and Industry, Division of Insurance has coordinated a consumer education program with the Nevada Department of Motor Vehicles, Nevada Highway Patrol, and... Read more

Mississippi: Governor Signs Bills Relating to Policy Cancellation/Nonrenewal Notices; Windstorm Mitigation

March 7, 2018 Gov. Phil Bryant signed SB 2311 and SB 2465 into law on March 5. Under SB 2311, effective July 1, an insurer is not required to issue a notice of nonrenewal or cancellation of an auto liability, auto... Read more

Hawaii: NAMIC-Opposed Motor Vehicle Title Registration Bills Dead for Session

March 7, 2018 HB 1933 and the Senate companion bill, SB 2707, Motor vehicle title registration, are officially dead for the session because the bills failed to timely progress through the legislature before... Read more

Colorado: Trial-Bar-Sponsored Arbitration Bills Scheduled for Public Hearing - FEEDBACK REQUESTED

March 7, 2018 Two arbitration bills have been introduced by the trial bar and scheduled for hearing in the House Judiciary Committee. The public hearing on the bills is scheduled for... Read more

South Carolina: 'Driving Under the Influence of Electronic Devices' Ban Legislation Moves to Senate; Concerning Building Codes Language Taken Up in Subcommittee

March 6, 2018 The South Carolina Senate Transportation Committee approved SB 957 on Feb. 28. The bill would prohibit the use of handheld electronic devices while driving, an issue NAMIC is supporting in a... Read more

Virginia: Spoliation Bill Recommitted

March 6, 2018 After heavy grassroots activity by NAMIC members, HB 1336 is on its way to being dead for the session. The bill would change the simple question - was evidence destroyed to prevent its use in litigation... Read more

Kentucky: PIP Reform Passes Senate

March 6, 2018 Following multiple rounds of grassroots efforts by NAMIC members, the Senate has passed SB 121 to advance PIP reform to the House. The measure aims to infuse the system with cost controls and a... Read more

Alaska: NAMIC-Supported CBIS on Policy Renewals Bill Passes Out of Legislature

March 6, 2018 NAMIC-supported HB 195 has passed out of the Senate and is now eligible to be sent to Gov. Bill Walker for his signature. NAMIC actively supported this pro-consumer legislation because... Read more

Alabama: NAMIC Co-Hosts House Insurance Committee Dinner; Bill to Streamline Wind Mitigation Process Ready for Final Passage

March 6, 2018 NAMIC returned to Montgomery on Feb. 28 to co-host the Alabama Insurance Coalition's House Insurance Committee dinner. Chair Kerry Rich and other committee members, as well as Insurance... Read more

Colorado: State Supreme Court Proposes Revision to Rules of Civil Procedure Rule 16.1 - FEEDBACK REQUESTED

March 6, 2018 The Colorado Supreme Court will conduct a hearing April 11 at 3 p.m. on proposed revisions to the Colorado Rules of Civil Procedure, Rule 16.1, Simplified Procedures for Civil Actions. The hearing will... Read more

Washington: NAMIC-Opposed Bill Increasing Small Claims Court Jurisdiction Dies

March 6, 2018 SSB 5989, Concerning Small Claims Court, has died in the House Rules Committee without a House floor vote. The bill previously passed out of the Senate on a unanimous vote. The proposed legislation... Read more

Florida: Last Week of Session a Sprint to the Finish Line

March 6, 2018 The Florida Legislature is in its final week of the 2018 session, with adjournment slated for March 9. As usual, it likely will be a photo finish for bills of interest to the insurance... Read more

Senate to Take Up Bipartisan Financial Regulatory Reform Legislation

March 5, 2018 The Senate will take up its financial regulatory reform bill, S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. Senate Majority Leader Mitch McConnell, R-Ky., filed... Read more

Autonomous Vehicles a Focus for Department of Transportation

March 5, 2018 NAMIC participated in a March 1 Department of Transportation policy discussion on automated vehicles at the invitation of Secretary Elaine Chao. Senior leadership from major stakeholders, including those from... Read more

New York: DFS Notifies Covered Entities of Failure to File Cybersecurity Compliance Certificate

March 5, 2018 It has come to NAMIC's attention that some New York insurance licensed individuals and entities have received an email from the New York Department of Financial Services stating that the DFS has not... Read more

Nebraska: Department of Insurance Temporarily Relocates Due to Fire

March 5, 2018 The Nebraska Department of Insurance offices located in the Terminal Building, 941 O Street, were closed as a result of a fire that occurred on Feb. 19. The NDOI offices have been relocated to a... Read more

Washington: NAMIC-Opposed Wrongful Death Bill Dies Without House Floor Vote

March 5, 2018 2SSB 6015, Wrongful Death, is dead for the 2018 legislative session. The proposed legislation was scheduled to be the final bill up for a floor vote in the House before cutoff. The bill was... Read more

Virginia: Motor Vehicle Liability Insurance Coverage Limits Bill to Be Carried Over to 2019

March 5, 2018 The Virginia House Commerce and Labor Committee last week adopted the substitute to SB 364 during the week of Feb. 26, yet the bill will be carried over until 2019. The legislation would... Read more

Georgia: Many Property/Casualty Insurance Bills Survive Crossover Deadline

March 5, 2018 As expected, there was a great deal of activity at the Georgia General Assembly in the days leading up to the crossover deadline Feb. 28. Legislation that did not pass at least one body by the... Read more

Colorado: NAMIC Submits Testimony Opposing Public Adjuster Bill

March 5, 2018 NAMIC has submitted written testimony to the House Finance Committee in opposition to HB 1153, Property Casualty Insurance Claim Appraisal Procedures. The proposed bill was scheduled for public... Read more

California: Pro-Reform Construction Defect Litigation Bill Introduced

March 5, 2018 Assemblyman Jim Frazier has introduced AB 2353, Construction Defects: Actions: Statute of Limitations. The bill has been assigned to the Assembly Judiciary Committee for public hearing. The proposed... Read more