Category: Political News

The political arena is ripe with news from the insurance industry – 2012 being a presidential election year, as well as other changes, have made for one of the hottest news topics we have.

Nevada bill blocks home insurance companies from discriminating against dog breeds

H. Cutner
Home insurance - bill to stop discriminating dog breeds

Pet owners will now be able to choose any breed they want without risk of challenges from their insurers. Dog owners will now face fewer challenges from housing and home insurance companies regardless of the breed of pet they have or want to adopt. Certain breeds or sizes of dog are often not accepted in apartments and affordable housing. Dogs such as German Shepherds, Pit Bulls or even any large breed are commonly not acceptable in apartments or affordable housing. There are also many home insurance companies that will refuse…

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16 More insurance companies file lawsuits against Pacific Power

Marc
Insurance companies - Lawsuit filed

The joint lawsuit against the utility and its parent company PacifiCorp is connected to the Archie Creek Fire. An additional 16 insurance companies have filed a joint lawsuit against PacifiCorp as well as Pacific Power, its subsidiary, for reasons relating to damages caused by the Archie Creek Fire. The lawsuit was filed by the insurers on January 5 in the Douglas County Circuit Court. The insurance companies are pursuing a combined $14.2 million from the electric utility and its subsidiary. The 16 insurers are based in eight different states, including…

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Fair auto insurance practices bill passes New Jersey legislature

Nordstrom
Auto insurance Law

The new law got the nod from the NJ General Assembly and Senate at the start of this week. A new auto insurance law was just approved by the New Jersey General Assembly and Senate, focused on improved enforcement of fair practices. The law allows people injured in car accidents to file civil lawsuits against insurers. The New Jersey Insurance Fair Conduct Act makes it possible for auto insurance policyholders to sue their insurers if they are unreasonably denied a claim for underinsured or uninsured coverage. They may also do…

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Iowa crop insurance discount applications must be submitted soon

Logan B.
Crop insurance - Crops

State Secretary of Agriculture Mike Naig is reminding farmers of the January 14th deadline. Iowa Secretary of Agriculture Mike Naig has released a reminder to farmers and growers across the state who intend to apply for the crop insurance discount in the state. The deadline of January 14 is rapidly approaching, and Naig is reminding those who plant cover crops to apply on time if they believe they are eligible. Eligible applicants will receive a discount of $5 per acre discount on their spring premiums. Applicants eligible for the discount…

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Michigan auto insurance coverage rate change deadline is coming

Nordstrom
Auto insurance coverage - Michigan

State leaders are encouraging residents to do so before the amnesty period runs out and rates increase. Michigan state leaders are pushing for uninsured drivers in the state to get their auto insurance coverage fast before premiums start rising when the amnesty period expires. The amnesty period is a component of the no-fault reform legislation in the state. The new legislation became effective in July 2020. The amnesty period was put in place to provide uninsured motorists with a reprieve, giving them the chance to obtain their legally required auto…

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Commissioner Ricardo requires more commercial property insurance from FAIR

Logan B.
Commercial property insurance - Business property insurance

The California plan has been ordered to include increases to the decades-old business coverage limits. California Commissioner Ricardo Lara has announced that his office has ordered that the FAIR Plan must incorporate his mandated increases to the limits to commercial property insurance. The commissioner made the order to boost the coverage limits to better support Californian businesses. Lara announced that the commercial property insurance changes were meant to support businesses in California. “My order is part of an ongoing commitment to helping businesses in California thrive as our economy recovers…

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2 Louisiana home insurance companies put into receivership

G. Turner
Home insurance companies

Commissioner Jim Donelon said he has placed the troubled insurers into receivership. Louisiana Commissioner Jim Donelon said he has placed two home insurance companies into receivership. The companies are Access Home Insurance Co. and State National Fire Insurance Co. Donelon placed the troubled insurers into receivership in the 19th Judicial District Court. He said that the decision on behalf of the home insurance companies is an important step in the direction of the Louisiana Insurance Guaranty Association taking control over claim payments. This is meant to make certain that policyholders…

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