Abortion insurance bill moves through Washington Senate

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The measure is now on its way to the state House, in which previous years have passed it. The Washington Senate recently passed an abortion insurance bill, sending it forward to the House. Should the measure become law, it would mean that insurance companies in the state that offer maternity care would also be required to provide coverage for contraception and elective abortions. Senate Bill 6219 passed the Senate with a vote of 26-22, including the vote of one Republican. In this vote, Senator Joe Fain (R) voted along with…

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New federal insurance bill would require racial disparity study in premiums calculations

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Congressman from California cites ProPublica and consumer reports auto coverage industry analysis. U.S. Rep. Mark Takano (D-CA) introduced a federal insurance bill last week which requires authorities across the country to take a closer look at auto insurance premiums calculations. The bill cites an April 2017 article co-published between Consumer Reports and ProPublica pointing to racial disparities. The auto insurance racial disparity legislation boasted six Democratic co-sponsors. The federal insurance bill was created partially as a reproach to the Trump administration when it sought to alter the Treasury Department’s Federal…

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Minnesota auto insurance company to refund $315,000 to over 1,600 drivers

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Farmers Insurance Exchange has been accused of unfair pricing practices and is reimbursing affected policyholders. Minnesota auto insurance company, Farmers Insurance Exchange, is responding to accusations of unfair pricing practices with a refund to more than 1,600 drivers in the state. The policyholders affected by the pricing practices in question will be receiving a portion of a $315,000 total amount. The insurer is providing the refunds in response to an investigation into the way it was setting its rates. The Minnesota auto insurance provider underwent a pricing practice examination. The…

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Texas insurance companies may soon see drop in lawsuits

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A new bill in the state House would discourage homeowners from suing as a result of certain claims. Texas insurance companies could soon find themselves facing fewer lawsuits relating to claims involving weather damage. The Texas House passed a bill discouraging homeowners insurance policyholders from filing lawsuits against their insurers in regard to claims involving flood, hurricane or hail damage, for example. At the moment, Texas insurance code provisions include a penalty for failing to follow-through with claims payments. This means that Texas insurance companies risk having to pay more…

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State Farm insurance rates will soon be slashed, judge’s orders

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California Insurance Commissioner Dave Jones supports the judge’s decision to reduce premiums. State Farm insurance rates in California may soon be on their way down following a judge’s ruling. That said, homeowners, condo and renters insurance policyholders will need to wait to know if they will also get refunds. That will depend on the outcome of a lawsuit. The judge ruled that State Farm is required to comply with a state order for reducing its rates. That same judge said that while State Farm insurance rates must be reduced, the…

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