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The National Highway Traffic Safety Administration (NHTSA) is inviting states, territories and tribes to apply for $350 million in grants to upgrade and standardize state crash data collection systems.
In Virginia, Senate Bill 256 would require insurers to pay policyholders up to double the amount of a claim that they denied or refused if they were found, by a judge, to be acting in bad faith. The bill passed the Virginia General Assembly and is headed to Governor Glenn Youngkin's desk.
The American Property Casualty Insurance Association (APCIA) urged Gov. Youngkins to veto the bill because it could increase auto insurance costs. Milliman conducted a study for APCIA and estimates that the legislation could cause a median increase of 9.9% per policyholder annually.