Insurance
Top stories summarized by our editors
12/12/2019

The Hill's list of Top Lobbyists for 2019 includes APCIA's Nat Wienecke and J. Stephen Zielezienski.

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The Hill
12/12/2019

The Federal Emergency Management Agency is looking to recoup $4 billion from Pacific Gas and Electric for cleanup costs and other services provided after 2017 and 2018 wildfires in California. The funds would come from the $13.5 billion that PG&E has agreed to pay to victims of the fires.

12/12/2019

Dozens of state and local governments faced ransomware attacks this year. Some cities refused to pay hackers, while others tapped cyberinsurance policies to recover.

12/12/2019

The Michigan House has advanced a measure that would prohibit drivers younger than 18 from using a cellphone while behind the wheel. The bill now moves to the state Senate.

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Senate
12/12/2019

Fixed-indexed annuity sales in the first three quarters of 2019 rose 13% year over year, according to the LIMRA Secure Retirement Institute. Experts expect sales to continue to grow in 2020, spurred by investors' desire to mitigate risk, low interest rates and a move away from commission-based products toward fee-based products.

12/11/2019

Enforcement of the California Consumer Privacy Act, set to take effect on Jan. 1, will be based on companies' level of effort toward compliance, state Attorney General Xavier Becerra said. Becerra plans to "make an example of" companies that make insufficient efforts to comply with the law, he said.

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Reuters
12/11/2019

Johnson & Johnson is appealing a $465 million award imposed after an Oklahoma judge held that the company's marketing of opioids violated the state's public nuisance laws. The state also expects to appeal the award, which it says would fund only one year of its opioid-remediation efforts.

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The Associated Press
12/11/2019

Bruce Kelley, a member of the APCIA Board of Directors, will retire on March 11 as CEO of EMC Insurance Companies. Kelley, who has spent 35 years at EMC, will be succeeded by Scott Jean, who is currently executive vice president of finance and strategy.

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EMC Insurance Companies
12/11/2019

New York's opioid-overdose deaths outside New York City declined by about 16% in 2018, dropping for the first time since 2009, state Health Department data shows. Improvements in treatment and recovery have helped reduce fatal overdoses, said Arlene Gonzalez-Sanchez, commissioner of the state Office of Addiction Services and Supports.

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state Health Department
12/11/2019

The South Carolina Real Estate Commission has updated a standard disclosure form to require the disclosure of any flood claims filed for a property that is being sold. The commission, however, will not intervene if a buyer thinks a seller has provided inaccurate flood-claim information on the form.