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NY Enacts Social Media Protections for Minors New York Gov. Kathy Hochul (D) signed first-in-the-nation legislation ( SB 7694 ) prohibiting social media platforms from providing algorithmic feeds to...
CA to Make Changes to Labor Law Costing Employers Billions Business and labor groups in California have agreed on changes to the Private Attorney’s General Act, a landmark state law that has allowed...
PBMs Driving Up Prescription Drug Prices The three largest pharmacy benefit managers—CVS Health, Cigna and UnitedHealth Group—often “steer patients toward pricier drugs, charge steep...
With America facing an obesity epidemic , it’s no wonder some are embracing the concept that food—simple, healthy, nutritious food—is medicine in and of itself, a philosophy that’s...
VT Gov Vetoes Tough Privacy Bill Vermont Gov. Phil Scott (R) vetoed HB 121 , which would have been one of the strongest consumer data privacy laws in the nation, allowing residents to sue data brokers...
At a Standard & Poor’s webinar last week entitled “IN/sights: Outlook and Trends for U.S. Insurers—What to Expect in 2024 and Beyond,” Tim Zawacki, principal insurance analyst, S&P Global Market Intelligence, said the biggest challenge P/C insurers will face next year is resistance from regulators to the continued push for rate increases as underwriting results improve.
“I think we will see results get better,” he said. “I think we will also continue to see rate increases. And I think the juxtaposition of those two things at some point is likely to generate conflict.” (INSURANCE JOURNAL)
Kansas insurance companies will start paying a lower surplus lines tax rate next year, due to legislation (HB 2090) enacted in April lowering the rate from 6% to 3%. The new rate will apply to policies that take effect on or after January 1, 2024, as well as to any endorsements. (INSURANCE JOURNAL, LEXISNEXIS STATE NET)
—Compiled by SNCJ Managing Editor KOREY CLARK
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