• Insurance

    Clark County resident sees insurance rates jump after new state rule

    “In terms of senior citizens who may be impacted, we encourage people to contact our office if they’re getting a rate increase. We can contact their company on their behalf to see what additional issues there may be causing the change,” said Stephanie Marquis, media and outreach manager for the Office of Insurance Commissioner. “In general, we advise people to shop around as Washington has a very competitive insurance market. There may be insurers who rely less on credit scores and more on claims history and driving records,” Marquis added. However, Kreidler’s emergency order was invalidated Oct. 12 by a  

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  • Business Abbreviations

    CFPB releases debt collection rule FAQs | Ballard Spahr LLP

    The CFPB has released frequently asked questions on the limited-content message and call frequency provisions of its debt collection rule (Regulation F) that becomes effective on November 30, 2021.  While many of the FAQs repeat what is stated in the rule, they do provide some clarifying information which we highlight below. Limited content message (LMC).  As a general matter, the FAQs make clear that any deviance from the LMC “script” will result in the message not being a LMC and in the loss of the safe harbor protection from unauthorized third-party debt disclosure claims.  More specifically, the FAQs indicate: If  

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  • Vehicle Insurance

    How the new bumper-to-bumper vehicle insurance rule will impact consumers

    The law was drafted and brought in effect to safeguard the interest of a third party that suffers injuries or property damage due to an accident with the involvement of an insured vehicle. However, the own-damage insurance cover is optional, while the personal accident cover is necessary only for the owner-driver of the car. In this piece, we will look at how will the new bumper-to-bumper insurance of the vehicle impact the consumer wallet? What is the new vehicle insurance order? The Madras high court, in a judgement, has said all vehicles sold in Tamil Nadu after 1 September 2021,  

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  • Vehicle Insurance

    Some fear Mich. auto insurance rule will force victims into nursing homes

    Michigan is weeks away from enacting cost controls on medical care for auto accident victims, and critics are warning that this effort to lower insurance costs will cause some long-term care businesses to close and force some patients into nursing homes. The new rules begin in July and are Part II of the no-fault auto insurance overhaul that Gov. Gretchen Whitmer signed into law in spring 2019. The first part took effect last July and gave motorists a first-ever choice in the amount of no-fault medical coverage they must buy with auto insurance. Previously, Michigan drivers were required to buy  

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  • Insurance

    White House says medical insurance price transparency rule finalized

    WASHINGTON (Reuters) – U.S. President Donald Trump’s administration on Thursday finalized a requirement for health insurance companies to disclose to the public the price they pay for covered services and prescription drugs, the White House said. © Reuters/Leah Millis FILE PHOTO: A general view of the White House in Washington “Further, insurance companies will be required to disclose the estimated cost a patient will have to pay, prior to that patient receiving care,” the White House said in a statement. Healthcare costs during the coronavirus pandemic is one of the main issues in the campaign for Tuesday’s presidential election in  

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