Alaska — From the Department of Insurance: Regulatory Order R 20-01.
Here is a link to the order: https://www.commerce.alaska.gov/web/Portals/11/Pub/INS_R20-01.pdf
Surplus Lines Placement List
On November 6, 2019, in accordance with 3 AAC 25.040, the Division of Insurance hearing officer on behalf of the director held a hearing pursuant to Alaska Statute (AS) 21.06.180-21.06.230 to receive testimony concerning the kinds of insurance for which insureds generally are unable to secure coverage from admitted insurers. Written testimony closed at 4:30 p.m. November 14, 2019. Based on this testimony, the director has decided what types of insurance coverage to include on the surplus lines placement list.
For the reasons set out in the linked regulatory order, the director orders that the 2017 surplus lines placement list as presented in Regulatory Order R 17-02 issued on January 27, 2017, will be amended for the change to cyber liability.
The list in the regulatory order is the surplus lines placement list to be used until a replacement order is issued.
This order is effective January 8, 2020.
Regulatory Order R 20-01: https://www.commerce.alaska.gov/web/Portals/11/Pub/INS_R20-01.pdf
California — Commissioner Lara Likes Governor’s Budget: Insurance Commissioner Ricardo Lara issued the following statement on Governor Gavin Newsom's 2020 budget.
“The Governor's priorities align with the needs of California's consumers and working families for a secure and healthy future. I and the Department of Insurance will continue to be his partner in combating the rising price of prescription drugs and preparing our communities to confront climate change. Insurance non-renewals due to wildfires continue to threaten the integrity of real estate markets and local revenues for emergency services. With the Governor's $100 million commitment to hardening homes to withstand fires, I urge the insurance industry to come to the table to help us create a fire-safe state — because we must do more to keep insurance available to all.
“Stronger consumer protections through the creation of a new state department of financial protection will help us resist the Trump Administration’s corporate-driven agenda that is shifting wealth from working families to the richest Americans.
“Extending Medi-Cal to our undocumented seniors will bring dignity to thousands of people who have helped build California’s economy over decades and are still contributing to our future. So many of our seniors have died too early because they put off care for cancer and other diseases they could not afford to treat or caught too late. Thank you to Governor Gavin Newsom, Senator María Elena Durazo and Assemblymember Joaquin Arambula for finally delivering on this dream that so many have shed blood and tears to make a reality.”
Source link: California Department of Insurance
California — Gig Worker Law & Truckers: Los Angeles Superior Court judge William Highberger says the state’s new gig worker law does not apply to independent truck drivers. They — he said — are subject to a federal statute that supersedes the state’s law.
The new law — opposed by Uber, Lyft and other companies — took effect on January 1st. It makes it harder for companies such as those just mentioned to classify workers as contractors.
Source link: Insurance Journal
California — State Fund Salaries: A high-priced team of pros were hired to turn around the state’s broken workers’ compensation fund. The six-figure salaries execs — after a few years — managed to get the job done. However, some are now being critical of those high salaries and at how much they overshadow the salaries of other state workers.
The criticism started after an article in the Los Angeles Times. Among other things it said, “Bonuses and incentives awarded by State Fund’s board have boosted compensation to more than $500,000 each for its seven top managers including its CEO, whose annual pay is some $732,000 — more than three times the $210,000 salary of the governor. The salaries have prompted some lawmakers to call for an oversight hearing to determine whether the compensation is justified.”
Consumer Watchdog agrees and says the salaries are top-heavy and “out of proportion.”
Source link: Insurance journal
Montana — $3.1 Million More For Elections: A few weeks ago, on the winter solstice, federal legislation was signed into law which provides $3.1 million to Montana for Elections. We have five years to spend the money, else it reverts back to the U.S. Treasury.
This money is similar to an additional $3 million we received a couple years ago, and traces its authorization origin to 2002 Help America Vote Act (HAVA) money. HAVA money has fundamentally changed the way our nation funds elections, centralizing certain aspects which had previously been done by the 50 states.
Of course, with federal money comes strings attached! Montana has to put up a twenty percent match, and we have to spend the money (officially called "Election Security Grants") on things like enhanced election technology, security improvements, and generally improving the administration of Montana's federal elections. More to follow.
We'll update you over the next few months, as our office has to submit a budget and 'program narrative' to the Elections Assistance Commission (EAC) by April 27, 2020.
Montana Secretary of State
Nevada — Las Vegas Cyber Attack: A cyber attack hit Las Vegas a couple of weeks ago and was aimed at the city’s computer systems. No word yet if any data was compromised.
City spokesman David Riggleman said the city took the necessary steps to stop the attack and that it get hit about 279,000 times every month.
Source link: Insurance Journal
Oregon — Bulletin for Controlled Substances: The Division of Financial Regulation (DFR) is issuing the attached proposed bulletins for public comment. The proposed bulletins provide guidance on the use of exclusionary language with regards to controlled substances and intentional acts.
Public comments may be submitted to Raven.V.Collins@oregon.gov. The deadline for comments is 5 p.m., Friday, January 24. Please be aware that comments received by DFR are part of the public record and may be published on the division’s website.
DFR will be hosting a conference call on Friday, January 10 at 1:30 p.m. to discuss the proposed bulletins and to answer any questions.
Dial in: (888) 278-0296
Last day for public comment: Friday, January 24, 2020
Proposed Bulletin on Controlled Substances.pdf — https://content.govdelivery.com/attachments/ORDCBS/2020/01/06/file_attachments/1352987/Proposed%20Bulletin%20on%20Controlled%20Substances.pdf
Proposed Bulletin on Intentional Acts Exclusions.pdf — https://content.govdelivery.com/attachments/ORDCBS/2020/01/06/file_attachments/1352988/Proposed%20Bulletin%20on%20Intentional%20Acts%20Exclusions.pdf