Home Insurance News NAIC strategic priorities for year: Insurance legal news

NAIC strategic priorities for year: Insurance legal news

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NAIC strategic priorities for year: Insurance legal news
The Nationwide Insurance coverage Crime Bureau (NICB) is supporting laws in Florida to guard customers from predatory towing firms. The laws, SB 774, will implement protections and is sponsored by Senator Keith Perry and Rep. Melony Bell. Eric De Campos, senior director of technique, coverage and authorities affairs for the NICB, stated in an announcement: “Predatory towing locations vital monetary burdens on unsuspecting automobile house owners as a result of hidden towing charges and prices can escalate shortly, leaving people with an surprising and hefty expense. In some conditions, unscrupulous towers will delay notifying house owners that their automobile has been towed and can maintain the automotive hostage till all towing charges are paid, whereas racking up vital storage charges.”