Guiding Your Next Big Move
Senate Bill 328, introduced by Sen. Jeff Irwin (D-Ann Arbor) and passed by the Senate Committee on Finance, Insurance and Consumer Protection on a 5-3 partisan vote, would require any insurer issuing or renewing an auto policy to reduce total premiums by at least 10% without cutting benefits. A companion measure, SB 329, would prohibit reinstatement fees or higher rates after a coverage lapse. The bill has yet to receive a full Senate floor vote.
The report, Cybersecurity for Insurers: Squaring Safety with Service, examines internal cybersecurity practices across property/casualty insurers and finds that while…
The number of policies rose 37%, while unique transactions increased 15%, coinciding with global M&A deal values approaching $5 trillion.…
The survey, based on responses from more than 100 underwriting and insurance executives, found that nearly half are already incorporating…