California Bill Would Allow Insurers to Promote DRPs in Any Circumstance
The California Assembly is considering a bill that states insurers can provide claimants with truthful, non-deceptive information about DRP shops at any time while discussing a claim. The bill adds the following to California Insurance Code Section 758.5, the anti-steering statute: Nothing in this section prohibits an insurer from providing a claimant with truthful, nondeceptive
California Bill Would Allow Insurers to Promote DRPs at Any Time While Discussing Claims
The California Assembly is considering a bill that states insurers can provide claimants with truthful, non-deceptive information about DRP shops at any time while discussing a claim. The bill would add the following to California Insurance Code Section 758.5, the anti-steering statute: Nothing in this section prohibits an insurer from providing a claimant with truthful,
Legislative Lowdown
Federal – The U.S. Department of Justice recently released the final rules for the National Motor Vehicle Title Information System (NMVTIS), created by a 1992 law to prevent title washing. The rules, which were effective April 1, require insurers to report vehicles that have been declared total losses under state law and by their own
Connecticut Considers Laws on Supplements, Steering, Total Loss Value
The Connecticut Committee on Insurance and Real Estate had a public hearing this week on three bills dealing with steering, total loss calculations and supplements, drawing testimony from the collision repair and insurance industries. Supplements S.B. 896 would reserve the right for an insurer to authorize any repair work beyond the original estimate before a
Laws on Supplements, Steering and Total Loss Value Considered in Connecticut
The Connecticut Committee on Insurance and Real Estate had a public hearing this week covering three bills dealing with steering, total loss calculations and supplements, drawing testimony from the collision repair and insurance industries. Supplements S.B. 896 would reserve the right for an insurer to authorize any repair work beyond the original estimate before a
Legislative Lowdown
• Alabama – Alabama Gov. Bob Riley recently named Jim L. Ridling the state’s insurance commissioner. Ridling takes over the position from Walter Bell, who resigned in August to become chairman of Swiss Re America Holding Corp. Ridling is former president and CEO of Southern Guaranty and is one of the founders of River Bank
Legislative Lowdown
Federal – Aaron Lowe, vice president of government affairs for the Automotive Aftermarket Industry Association (AAIA), briefed legislators in the House Small Business Committee on the Motor Vehicle Owners’ Right to Repair Act (H.R. 2694) on Sept. 25. Introduced last year, H.R. 2694 (Rep. Edolphus Towns, D-NY) would require car companies to make the same
Legislative Lowdown
Federal – The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on “The State of the Insurance Industry: Examining the Current Regulatory and Oversight Structure.” U.S. Sen. Tim Johnson (D-South Dakota) addressed the need for modernization of the insurance regulatory structure into an optional federal charter (OFC) to establish the United
Who’s the Wolf?
I’m sure many of you saw the article on our Web site in “Breaking News” about the American Insurance Association calling auto repair anti-steering legislation a “wolf in sheep’s clothing.” And I’m pretty sure it irked you as much as it did me. The article basically said that this legislation could cost consumers millions of
Legislative Lowdown
Connecticut – A Connecticut bill that would require disclosure to consumers that they have the right to choose the repair facility to complete repairs to their motor vehicles was recently approved by the state’s Senate. House Bill 5152 will now go to Gov. M. Jodi Rell for final approval. If passed, the bill would require