National Hurricane Center to Add Inland Cone Graphic Warning
Beginning on or around Aug. 15, 2024, a new change to the National Hurricane Center’s inland tropical storm and hurricane watches and warnings will assist residents and business owners in preparing for...
View ArticleU.S. Treasury Drops Plan to Collect Insurer Data on Climate Risks
The U.S. government is stepping away from its effort to collect data on home insurance prices and availability at the ZIP code level as premiums soar and climate risks to property intensify. Instead,...
View ArticleFlorida Insurance Legislation Update: Bills That Passed; Bills That Didn’t Pass
A number of property insurance-related bills were introduced in the Florida legislature this year—from a fundamental change to the Citizens Property Insurance Corp. coverage model to further limiting...
View ArticleTriple-I: Regulatory Restrictions Contribute to Risk Crisis in California
Regulatory restrictions to actuarially sound insurance pricing and underwriting, coupled with the need for more mitigation and resilience efforts in the state of California, are placing financial...
View ArticleBan Expected for Last Form of Asbestos Used in U.S.
The U.S. Environmental Protection Agency on Monday finalized a rule that would ban using and importing cancer-causing asbestos, a material still used in some vehicles and in some industrial facilities...
View ArticleCould U.S. Workers and Companies Benefit From a 32-Hour Workweek?
The 40-hour workweek has been standard in the U.S. for more than eight decades. Now some members of Congress want to give hourly workers an extra day off. Sen. Bernie Sanders, the far-left independent...
View Article‘AI Washing’ Troubles: SEC Fines Investment Firms, Issues Warnings
The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing,” or essentially making false claims about their use of artificial...
View ArticlePennsylvania Issues ‘Expectations’ for Carriers Regarding AI Use
Pennsylvania has issued guidance for insurance companies’ use of artificial intelligence systems (AIS) based on a model adopted by the National Association of Insurance Commissioners (NAIC). The...
View ArticleIBHS: Virginia Edges Florida Out of First Place in Building Code Adoption
In a newly released ranking of hurricane-prone states, Virginia pushed Florida out of the lead to top the list in building code adoption and enforcement. The fifth edition of “Rating the States,”...
View ArticleFTC Issues Worker Non-Compete Ban as Chamber Lawsuit Looms
The U.S. Federal Trade Commission voted Tuesday to adopt a near-total ban on non-compete provisions that prohibit workers from switching jobs within an industry, a rule the Chamber of Commerce vowed to...
View ArticleNo More Auto Insurance Rate Hikes on the Widowed in Rhode Island
A new Rhode Island law prohibits auto insurers from charging policyholders more solely because they have been widowed. The new law bans insurers from treating widows or widowers any differently than...
View ArticleOSHA News: U.S. DOL to Restructure Workplace Safety, Health
Last month, the U.S. Department of Labor (DOL) announced planned changes to the structure of its Occupational Safety and Health Administration’s regional operations to reflect the nation’s changing...
View ArticleFEMA Is Ready for Hurricane and Wildfire Seasons, but Money a Concern
The head of the Homeland Security Department said Friday that the agency tasked with responding to disasters across the country is prepared as it goes into what is expected to be an intense hurricane...
View ArticleBiden Administration Raises FEMA Bar for Flood Resilience
The U.S. Federal Emergency Management Agency (FEMA) has finalized a rule mandating that projects built using its funds not only take into account previous and current levels of local flood risk, but...
View ArticleCoalition Asks FEMA to Consider Wildfire Smoke, Extreme Heat Eligible for...
A group of 14 attorneys general has formed a coalition to persuade the Federal Emergency Management Agency (FEMA) to initiate rulemaking to update its regulations to recognize extreme heat and wildfire...
View ArticleU.S. to Limit Chinese Vehicle Software in August
The U.S. Commerce Department plans to issue proposed rules on connected vehicles next month and expects to impose limits on some software made in China and other countries deemed adversaries, a senior...
View ArticleWhat Role Does Insurance Play in a Politically Charged Climate?
Law enforcement officials are continuing to investigate a July 13 shooting at a Butler, Pa. rally for former President Donald Trump’s 2024 election campaign. During the incident, the former president...
View ArticleProject 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance
A plan by a politically conservative group to dismantle the National Flood Insurance Program, if Donald Trump is elected president, has been met with approval from a private flood insurer but sharp...
View ArticleSenate Democrats Seek to Reverse Supreme Court Curb on Regulatory Agency Power
Democratic U.S. senators on Tuesday introduced a bill designed to undo a ruling last month by the U.S. Supreme Court that curtailed the ability of federal agencies to issue regulations addressing...
View ArticleU.S. Judge Will Not Block FTC Ban on Worker ‘Noncompete’ Agreements
A federal judge, last Tuesday, rejected a bid by a tree-trimming company to block a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to...
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