LOS ANGELES — In a significant step to aid wildfire survivors, California Insurance Commissioner Ricardo Lara has issued a directive compelling insurance companies to conduct comprehensive investigations into smoke damage claims and ensure policyholders receive fair compensation following the recent Southern California fires. The directive, detailed in Bulletin 2025-7, underscores insurers’ responsibilities under state law […]

Staying Safe Online: Here are some important guidelines that will help you protect yourself when using the internet. Thus, it is more important than ever to be careful in the digital environment and protect ourselves from various threats that exist in the network space.  Some of the risks include hacking, phishing scams, and identity theft

Michigan House Bill 6295, introduced on June 30, 2022, by Representative Jeff Yaroch, aims to amend the 1969 Public Act 296. This act governs the transfer of jurisdiction over highways and roads between various local authorities in Michigan. Specifically, H.B. 6295 would allow counties to transfer control of county roads to townships, provided there is

Washington DC – The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) secured a historic ruling against moving companies for transporting household goods without FMCSA registration, violating federal regulations. The judgment comes as FMCSA strengthens state partnerships and takes further actions to protect consumers moving across state lines. On September 11, 2024, the

Labor productivity in the nonfarm business sector of the US increased by 2.2% in the third quarter of 2024, a figure that was unchanged from the previous projections. A 1.2% increase in hours worked and a 3.5% increase in output were the primary reasons for this productivity increase. Productivity increased by 2.0% in the previous

January 17, 2024 Today Superintendent of Financial Services Adrienne A. Harris issued for public comment a proposed circular letter addressing the use of artificial intelligence by licensed insurers. “Technological advances that allow for greater efficiency in underwriting and pricing should never come at the expense of consumer protection,” said Superintendent Harris. “DFS has a responsibility

December 3, 2024 (LANSING, MICH) The Michigan Department of Insurance and Financial Services (DIFS) is urging residents to review their auto, home, and renters’ insurance policies to ensure they fully understand their coverage and have a plan to pay policy deductibles in the event of an emergency. Additionally, taking proactive steps to prevent winter-related damage

November 25, 2024 Florida Insurance Commissioner Mike Yaworsky is affirming that Florida’s property insurance market is stable, as demonstrated by the recent rating upgrades for three Florida special tax bonds. Moody’s Ratings recently upgraded ratings for several Florida assessment-backed special tax bonds, including Florida’s Hurricane Catastrophe Fund, Citizen’s Property Insurance Corporation and the Florida Insurance

Date: 11/26/2024 The Oregon Division of Financial Regulation (DFR), through its consumer advocates, recovered nearly $1.6 million for Oregonians in the third quarter of 2024. DFR’s consumer advocates field calls every day from concerned and confused Oregonians over insurance and financial issues from institutions that are regulated by the division. Advocates have extensive industry knowledge

December 3, 2024 Division releases annual Complaint and Recoveries Report. DENVER – Today the Colorado Division of Insurance (DOI), part of the Department of Regulatory Agencies (DORA), released its FY 2023-24 Annual Complaint and Recoveries Report(opens in new window). The report not only details the $26.4 million the DOI recovered for Coloradans, but also breaks