Legislation to Crack Down on Staged Accidents Introduced
The bill would help deter insurance fraud, reduce unnecessary litigation costs and ease the pressure of rising insurance premiums.
On the Hill
New York Tackles Auto Insurance Fraud and Legal System Abuse
The bills signed into law last week address some of the core factors that have driven exorbitant auto insurance premiums in New York.
Fannie Mae and Freddie Mac Roll Back Property Insurance Requirements
For more than a year, the Big “I” worked constructively with Fannie Mae and Freddie Mac to revise their property insurance requirements for federally backed mortgages.
Medicare Advantage Providers Withdraw and Cut Agent Compensation
In response to providers significantly reducing or eliminating agent compensation, the Big “I” voiced its concerns in joint letters to Congress and to the Centers for Medicare and Medicaid Services.
‘Lower Costs, More Transparency Act’ Passes the House
The act aims to enhance price transparency within the healthcare system, fostering informed decision making for patients and employers.
Senate Holds Hearing on Challenges in the Property Insurance Market
The hearing highlighted the recent property insurance market turmoil due to the major disasters in Florida, Georgia, the Carolinas, California, Hawaii and Vermont.
Post-Election Unrest: Property Damage Coverage Issues
If an insured’s property is damaged by post-election riot, civil unrest, insurrection or war, is there coverage? Simply put, yes. Here’s why.
