Insurance-Related Bills Move in PA House
Bills to establish a flood insurance premium assistance task force and to establish new requirements for insurance data security were voted favorably by the House Insurance Committee this week.
Month: April 2023
2023 Maryland Legislative Session Recap
Review a snapshot of the issues that IA&B staff, lobbyists, and volunteers were actively involved with during the newly ended legislative session.
IA&B Members Take Their Message to Washington, D.C.
Learn about the top five issues IA&B members are discussing with federal lawmakers at this week’s Big “I” Legislative Conference.
Keep an Eye on Your Carriers’ Financial Ratings
As the outline of a hard market emerges, agents should pay close attention to their carriers’ financial ratings in connection with their E&O insolvency exclusion.
Protecting Competition in Baltimore Auto Market (MD HB 355)
IA&B opposed House Bill 355, which would have established a Baltimore City Lifeline Low-Cost Automobile Insurance Program in the Maryland Automobile Insurance Fund to offer low-cost automobile insurance policies to residents of Baltimore City. The bill did not pass.
Defense of Territory as a Rating Factor (MD SB 816)
IA&B opposed Senate Bill 816, which would have repealed certain confidentiality protections for proprietary rate-related information; and prohibited an insurer that uses territory as a factor in establishing automobile insurance rates from using more than five territories. The bill did not pass.
Opposition to New Insurance Card Requirements (MD HB 721)
IA&B opposed House Bill 721, which would have required insurers to provide an identification card that indicates all named insureds or separate insurance identification cards for each named insured on the policy on request of a named insured. The bill did not pass.
Opposition to Mandatory Enhanced Underinsured Motorist Coverage (MD HB 128)
IA&B vehemently opposed House Bill 128, which establishes EUIM as a de facto mandatory coverage for auto insurance policies. Unfortunately, the bill ultimately did pass, but not without changes to dramatically limit its scope.
Addressing Issues with the Maryland Automobile Insurance Fund (MD SB 530)
IA&B supported Senate Bill 530, with certain amendments. The bill was passed with many of the changes that IA&B had supported.
Help AgentPAC of MD Protect Your Business
While IA&B staff, lobbyists, and volunteers work tirelessly to help advocate for your business, we could use your help.