Political Advocacy

The legislation changes the amount a condominium unit owner may be required to pay toward the master policy deductible.

The bills were loosely connected to broader “storm chaser” legislation long sought by the insurance industry to combat fraud following severe weather events.

IA&B pushed back against legislation that would have prohibited wild animal collisions as an auto insurance rating factor, and instead submitted a letter of support for a bill related to deer population management.

IA&B opposed the bills because of their potential to drive up premiums by increasing claim severity and larger settlement payments.

IA&B worked with other industry representatives to amend legislation which will extend — and adjust — the workgroup.

IA&B worked with the Senate Finance Chair to draft amendments that could come into play if the legislation is revived in future sessions.

An IA&B-drafted amendment will limit the rate inadequacy program to two years, unless the General Assembly acts to extend or modify it.