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Insurance in the U.S. started with a group of firefighters in Philadelphia – one of whom was Benjamin Franklin.
The order tasks the insurance commissioner with improving the rate approval process, a long-time sticking point with carriers in the state.
The one-year moratorium will impact more than 15,000 policyholders in Del Norte and Siskiyou counties.
Previous regulations required that risk retention groups be domiciled in New York State in order to write policies for not-for-profits.
The weekly minimum benefits will increase from $150 to $275 in 2024 and $325 in 2025. By 2026, the minimum will equal one-fifth of the state's average weekly wage.
The first round will award 500 grants to Citizens homeowner policyholders.
After a banner 2022, the WSIA PAC Committee set an aggressive fundraising goal for 2023.
These are 2023 legislative priorities for the Wholesale and Specialty Insurance Association and its members.
Discover how intended 'fixes' may not prevent bad faith litigation and ways to navigate this complex legal terrain.
'We came so close,' said general counsel for the Independent Insurance Agents & Brokers of California.
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