Apr 06, 2021
A second state court in California has ruled that federal law does not preempt that law that would effectively outlaw the leased owner-operator model in the state.
Trucking news and briefs for Tuesday, April 6, 2021:
Another Calif. court opinion goes in favor of A.B. 5 applying to trucking
While the trucking industry’s larger case against California’s A.B. 5 law on motor carriers and owner-operators is still unfolding in a federal district court, a second state court in California has ruled that federal law does not preempt a law that would effectively outlaw the leased owner-operator model in the state.
New bill seeks to help small businesses collect on insurance claims due to COVID orders insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
North Carolina Senator
Vickie Sawyer serves as vice chair. The Committee discussed state actions relating to COVID-19 business immunity statutes, and adopted the NCOIL COVID-19 Limited Immunity Model Act (Model), sponsored by
Rep. Rowland and
Indiana Representative
Matt Lehman, NCOIL President. The Model will be considered by the NCOIL Executive Committee for final adoption at the NCOIL Spring Meeting in April.
Rep. Rowland said, I want to thank everyone who participated in the interim meeting. We had a great initial discussion on these issues in December at the NCOIL Annual Meeting, which included a number of speakers with differing views. That discussion enabled us to digest all the feedback on the initial draft of the Model and move forward with adoption of the Model during this interim meeting. I am pleased we were able to adopt the Model as so many states, including my home state of
American Property Casualty Insurance Association: Property & Casualty Insurers Report 27.5% Drop in Net Income During First Nine Months of 2020
Targeted News Service (Press Releases)
JERSEY CITY, New Jersey,
Feb. 10 (TNSRes)
In the first nine months of 2020, the private
U.S. property and casualty (P&C) insurance industry dealt with the effects of the COVID-19 pandemic as well an historic catastrophe season, according to a report from
Verisk (Nasdaq:VRSK), a leading global data analytics provider, and the
American Property Casualty Insurance Association (APCIA).
The industry s net income after taxes dropped 27.5 percent to
$35.1 billion in the first nine months of 2020 and net underwriting gains declined to
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In addition to dramatically changing the policies of former President Trump on the pandemic, the economy, immigration, and other key issues, the Biden Administration is likely to substantially increase the federal government’s oversight of the insurance industry in at least two ways. First, by regulating non-bank companies that own insurers, and, second, through HUD, scrutinizing homeowners insurers for discriminatory underwriting, rating, and claims practices.
A. The Federal Reserve May Again Supervise Non-Bank Companies Which Own Insurers
The federal Financial Stability Oversight Council, under the leadership of Treasury Secretary Yellen, will probably revive the Obama Administration view that large financial firms that own operating insurance companies are fit candidates for designation as “systemically important financial institutions,” whose solvency will ultimately be regulated by the Federal Reserve.