Tag: legislative changes

Texas Legislature Considers Mandatory Workers Compensation Coverage for Construction Industry

Logan B.
Texas Legislature Considers Mandatory Workers Compensation Coverage

Texas Legislature Considers Mandatory Workers Compensation Coverage for Construction Industry As the Texas legislative session unfolds, lawmakers are set to debate several bills aimed at reforming the state’s workers compensation system. Of particular focus are S.B. 338 and H.B. 875, which propose making workers compensation coverage mandatory for contractors and subcontractors in the construction industry. These legislative efforts mark a significant shift in Texas, which is currently the only state in the U.S. that does not require employers to purchase workers compensation insurance. Current State of Workers Comp in Texas…

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New York Implements Opt-In System for Spousal Liability Coverage

Angela Linders
Spousal Liability Coverage discussed with an agent

New York has made a notable change to its automobile insurance policies, now requiring most policyholders to choose actively if they want supplemental spousal liability (SSL) coverage. This adjustment aims to refine insurance practices while resolving issues tied to automatic coverage enrollment. Exploring Supplemental Spousal Liability Coverage Supplemental Spousal Liability offers crucial additional protection, catering to claims made by a policyholder’s spouse following an accident. This coverage is particularly significant when an injured spouse seeks compensation due to the other spouse’s driving negligence. By opting into SSL coverage, policyholders can…

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Maryland Insurance Professionals Face Stricter Standards

H. Cutner
Maryland Insurance Professionals Face Stricter Standards

Protecting Maryland Consumers: A Closer Look at Stricter Penalties Starting October 1, consumers in Maryland will witness the implementation of more stringent penalties for unauthorized insurance activities. These legislative changes, introduced by the Maryland Insurance Administration, aims to protect consumers from fraudulent practices while ensuring that insurance professionals uphold the highest standards. Unauthorized Insurer Fines Soar: The fines for unauthorized insurers have substantially increased, with penalties rising from $50,000 to a maximum of $125,000. Higher Penalties for Dishonest Practices: Insurance producers and public adjusters indulging in dishonest or incompetent practices…

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