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In January 2023, Tennessee increased the state property damage liability requirement for auto insurance from $15,000 to $25,000. Existing minimum coverage policyholders saw their property damage ...
Until 1956, when the New York legislature passed their compulsory insurance law, Massachusetts was the only state in the U.S. that required drivers to get insurance before registration. North Carolina followed suit in 1957 and then in the 1960s and 1970s numerous other states passed similar compulsory insurance laws.
Bankrate explains how CA, UT and VA car insurance laws are changing in 2025. ... New minimum car insurance liability limits: 50/100/25. Change effective Jan. 1, 2025.
Consumer Insurance Services: Responsible for educating consumers about insurance and resolving insurance-related conflicts. Insurance: Responsible for enforcing the state's insurance laws. Regulatory Boards: Responsible for regulating and licensing many different businesses and professions.
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
Georgia Gov. Brian Kemp on Thursday reiterated his simple pitch for lawsuit limits: They’ll halt rising insurance costs. Changes could reduce liability insurance costs for businesses and ...
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