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Florida Warns of Crypto Scam, Louisiana Helps with $129 Million in Additional Claims, Connecticut Weighs in on Federal Subsidies
State by state variations of laws, compliance protocols, industry transparency, and general regulatory cultures can lend one the impression that maintaining with industry changes is just a little bit like herding cats. So, what higher approach to wrangle a few of the more localized insurance news than in a Regulatory Roundup? On an ongoing basis, […]
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Goodbye Courtroom? Florida Residents Wants Claims Disputes Heard by Admin Judges
By this time next year, Citizens Property Insurance policyholders and assignees of benefits could see their claims disputes decided, not in county or circuit courts, but by administrative judges who work for a Florida state agency.The Citizens Board of Governors on Wednesday voted to move ahead with a policy endorsement that would allow the insurer […]
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Judge Approves Boy Scouts Reorg Plan to Settle Sex Abuse Claims
A bankruptcy judge on Sept. 8 granted the Boy Scouts of America (BSA) approval of its $2.5 billion reorganization plan, which is able to allow the organization to settle tens of 1000’s of sexual abuse claims. U.S. Bankruptcy Court Judge Laurie Silverstein’s ruling means the Boy Scouts can proceed operating and exit Chapter 11. The […]