Blue Cross Blue Shield of NC joins insurance commissioner to build rural fire houses

Blue Cross Blue Shield of NC - Fire truck in fire station

Insurance Commissioner Mike Causey worked with the insurer to pay for the building construction. Blue Cross Blue Shield of NC and the state’s insurance commissioner, Mike Causey, joined together to help fund the construction of rural fire house in the state. The commissioner is seeking to improve the rural fire department quality as a whole. Causey has taken on the project to help the state’s rural fire departments to return to better health. Blue Cross Blue Shield of NC joined him in helping to finance the effort, and he has…

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Special National Association of Insurance Commissioners session to underscore race and diversity

National Association of Insurance Commissioners - Virtual Meeting

The NAIC Summer 2020 National Meeting to seek actions to stop discriminatory practices. The National Association of Insurance Commissioners has announced its intentions to hold a special session focused on race and diversity in the industry. Its NAIC Summer 2020 National Meeting is meant to place the spotlight on these issues in the insurance sector, said its president, Ray Farmer. NAIC is seeking to open a meaningful and needed dialogue on vital issues regarding discrimination. “As leaders, we need to have meaningful conversations about how to stop discriminatory practices against…

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New Michigan auto insurance law to become effective next month

Michigan auto insurance law - Michigan license plate

The new regulations meant to lower prices for drivers in the state will become effective July 1. On Tuesday, June 23, 2020, the state Department of Insurance and Financial Services held a meeting to answer questions about the new Michigan auto insurance law. The meeting was meant to answer questions and provide more information about the regulations. The new Michigan auto insurance law was developed in the hopes of reducing the cost of the coverage. At the same time, it is meant to help keep up the highest options available…

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Commissioner Lara doesn’t want easier rate changes for home insurance companies

Home insurance companies - home, money, calculator

The California Insurance Commissioner is siding with consumer activists to halt legislation. California Insurance Commissioner Ricardo Lara is taking the side of consumer activists in an effort to stop a bill that would make it faster and easier for home insurance companies to change their rates. AB 2167 passed the state Assembly on Monday by a vote of 56-3. That said, the bill’s opponents say that this would set the stage for home insurance companies to impose substantial premiums spikes for homeowners in parts of the state hardest hit by…

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New Jersey Senate passes bill for COVID-19 dependent benefits

COVID-19 dependent benefits -nurse wearing mask

The bill will provide a weekly supplement to family members of essential workers who die from the virus. The New Jersey Senate has just passed a bill for providing COVID-19 dependent benefits supplements when essential workers in the state die from having the coronavirus. SB 2476 passed on Monday by a vote of 38-1 and will use the NJ Second Injury Fund. Essential workers whose dependents would qualify should the worst happen from coronavirus infection include fire, police and other first responders. They also include medical and other health care…

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Police liability insurance mandate central to Minneapolis reform suggestions

Police liability insurance - Police vehicle vanadalism - George Floyd Protests

A number of advocacy groups have issued law enforcement practice reform recommendations. A police liability insurance mandate was a key component of recommendations made by a number of advocacy groups regarding Minneapolis reform law enforcement practices. These recommendations were made following the City Council’s support for abolishing the police department. Twelve members of the City Council showed support for the police department’s complete abolishment after the death of George Floyd, an unarmed Black man who was in police custody at the time. Two chapters of Black Lives Matter, the Minneapolis…

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Business interruption insurance bill moves ahead in Louisiana Senate

Business interruption insurance - Agreed

The bill is meant to provide improved transparency in regard to this commercial coverage. Louisiana’s state Senate has advanced a business interruption insurance bill to provide greater transparency with this type of coverage. Over several weeks, many companies were surprised to discover their coverage didn’t cover pandemics. Senator Rick Ward (R-Port Allen) informed his colleagues that the dismay due to the lack of transparency in business interruption insurance was all too commonplace. The bill was introduced to try to improve the clarity of a policy’s coverage. Insurers have responded by…

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