Commissioner Issues Regulations Prohibiting Gender Discrimination in Automobile Insurance Rates
Posted on Jan 3, 2019 in Insurance Regulation | Comments Off on Commissioner Issues Regulations Prohibiting Gender Discrimination in Automobile Insurance Rates
California Insurance Commissioner Dave Jones has issued new regulations that prohibit the use of gender in private passenger automobile insurance ratings in California. The Gender Non-Discrimination in Automobile Insurance Rating Regulation became effective on January 1, 2019. “My priority as Insurance Commissioner is to protect all California consumers, and these regulations ensure...
D.C. Department of Insurance to Hold Public Hearing on Insurance Premiums
Posted on Jan 24, 2018 in Insurance Developments and Trends, Insurance Regulation, Technology Impacting Auto Insurance | Comments Off on D.C. Department of Insurance to Hold Public Hearing on Insurance Premiums
On January 30, 2018, the D.C. Department of Insurance, Securities, and Banking is expected to hold a public hearing to cover a variety of issues impacting private auto insurance, including topics like price optimization and the use of credit scores in underwriting. More broadly, the hearing is intended to examine the causes of recent increases in auto insurance premium rates in D.C.,...
House Subcommittee Panel Unanimously Approves Self-Driving Legislation
Posted on Jul 20, 2017 in Insurance Regulation, Technology Impacting Auto Insurance | Comments Off on House Subcommittee Panel Unanimously Approves Self-Driving Legislation
The Energy and Commerce Committee’s Digital Commerce and Consumer Protection panel unanimously approved a bill that would be Congress’s first attempt at adopting laws for autonomous vehicles. The bill’s bipartisan support was due in part to the Republican leadership’s adoption of Democratic proposals on safety oversight by federal regulators. In essence, the bill would allow...
The FTC and NHTSA Plan Workshop on Vehicles and Cybersecurity
Posted on Jun 21, 2017 in Industry News, Insurance Regulation, Technology Impacting Auto Insurance | Comments Off on The FTC and NHTSA Plan Workshop on Vehicles and Cybersecurity
The Federal Trade Commission (FTC) and National Highway Traffic Safety Administration (NHTSA) are hosting a public workshop to discuss consumer privacy issues posed by technological developments in vehicles, particularly those with some form of wireless connectivity. The potential dangers to consumers from such connected vehicles are significant, as one estimate provides that by 2020...
Texas Law Permits Free Operation of Autonomous Vehicles
Posted on Jun 20, 2017 in Insurance Regulation, Technology Impacting Auto Insurance | Comments Off on Texas Law Permits Free Operation of Autonomous Vehicles
A bill recently signed in Texas, which becomes effective in September, allows autonomous vehicles to operate freely on state roads–without a driver’s supervision. The law requires the autonomous vehicles to be in compliance with federal laws and safety standards, to be registered with the Texas Department of Motor Vehicles, to be covered by insurance, and to have a...
Dealing with Uninsured Drivers
Posted on May 3, 2017 in Insurance Regulation | Comments Off on Dealing with Uninsured Drivers
The problem of uninsured motorists is one that has plagued states and insurers since the first financial responsibility laws were enacted. States have attempted to address this problem through legislation and enforcement, but those actions have had limited success. For example, one research study indicates that “no pay, no play” laws banning uninsured drivers from suing for...
