New law requires insurers to pay for documented OEM and paint manufacturer procedures. Also adds independent appraisal provision to settle disputes. Rhode Island Governor Dan McKee signed legislation June 26 that passed by the state legislature earlier in the month that will update several sections of the Rhode Island Unfair Claims Practices Act to address […]
Rhode Island Legislature Passes Bill Updating Unfair Claims Practices Act
Requires insurers to pay for documented OEM and paint manufacturer procedures, adds independent appraisal provision to settle disputed loss amounts. Clarifies direction to pay requirements for auto rentals. The Rhode Island legislature passed a bill June 16 that amends several sections of the Rhode Island Unfair Claims Practices Act to address items such as payment […]
Rhode Island Legislation Seeks to Double Threshold Before Physical Inspection Required on Collision Repair Claims
Legislation that seeks to amend Unfair Claims Settlement Practices regulation adopted in 2019 that set $2,500 threshold and 3-day inspection requirement for auto insurance claims to have hearing today. The Rhode Island Senate Judiciary Committee will hear testimony today on Senate Bill 2784 (SB2784) that seeks to modify the thresholds and timeframe for auto insurers […]
Rhode Island Legislature Votes to Overturn Governor’s Veto of Unfair Claims Practices Regulation Bill
Legislation revises the state’s unfair claims handing regulations related to total losses, sublet markup and refinish materials calculations. The Rhode Island House and the Senate voted to overturn Rhode Island Governor Dan McKee’s July veto of House Bill 6324 (HB 6324) during its session on Tuesday, January 4 at the State House. The Rhode Island […]
New Jersey Legislation Providing Right to Sue Insurers for Unfair Claims Handling Practices Scheduled for Hearing
Bill would provide claimants with ability to file civil suits for violations of state fair claims practices regulations and treble damages. Legislation providing for the right to file civil lawsuits for violations of regulations that define unfair and deceptive insurance practices is scheduled for a hearing in the New Jersey Assembly Financial Institutions and Insurance […]
Rhode Island Governor Vetoes Rental Car Unfair Claims Practices Legislation
Legislation sought to make it an unfair claim practice for an insurer to refuse to compensate a claimant for the loss of use of a damaged rental vehicle. Rhode Island Governor Gina Raimondo on Wednesday, July 13 vetoed legislation that sought to requires insurers to provide owners of damaged rental vehicles with loss of use […]