Insurance subcommittee advances bill to bar AI-only denials, department seeks to codify guidance The House Insurance Subcommittee moved HB1406 forward after adopting an amendment that clarifies carriers must document AI use and that final adverse determinations be made by humans; the New Hampshire Insurance Department said the change largely codifies its existing AI bulletin.

New Hampshire's Insurance Subcommittee just took a bold step to ensure AI doesn't make critical health care decisions alone—humans will always have the final say!

Learn more here

#NH #InsuranceTransparency #AIEthics #CitizenPortal #NewHampshireInsurance #HealthCareRegulation

Committee adopts changes to insurance assessment credit: 7-year carry forward, $10M annual cap The committee adopted a substantial rewrite to HB 11 94 that shortens the insurer carry-forward period to seven years, sets a $10 million annual statewide cap and changes annual recognition rules; the amendment and the committee's 'ought to pass' recommendation passed largely along bipartisan lines (16–1). Insurance department and industry representatives spoke in support of negotiated changes.

New Hampshire's committee just revamped insurance tax credits, slashing the carry-forward period and capping annual claims—what does this mean for the industry?

Click to read more!

#NH #CitizenPortal #TaxCreditReform #NewHampshireInsurance #BipartisanSupport #InsurancePolicy

House budget proposal includes 5% insurance assessment fee amid industry pushback Budget plan raises administrative fees and motor vehicle records costs, facing strong industry opposition.

New Hampshire's Senate Finance Committee is facing a storm of opposition as they consider a controversial 5% fee on insurance assessments that could reshape the industry's financial landscape.

Click to read more!

#NH #CitizenPortal #InsuranceRegulations #BudgetaryIssues #NewHampshireInsurance

Protect the things that mean the most to you. #autoinsuranceagent #homeinsurancecoverage #maineinsurance #newhampshireinsurance #homeinsurance #TravellersInsurance #foremostinsurance #progressiveinsurance #autoinsurance #InsuranceReview

New Hampshire Department prioritizes succession planning amid staffing and budget discussions Officials address succession planning and staffing changes during budget review for insurance regulation.

New Hampshire's insurance department is at a critical crossroads, grappling with succession planning as seasoned experts retire and budget decisions loom.

Click to read more!

#NH #ConsumerProtection #BudgetManagement #NewHampshireInsurance #SuccessionPlanning #CitizenPortal