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Council Recap: Waukesha Police, Fire Memorial Approved & More

Council Recap: Waukesha Police, Fire Memorial Approved & More
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American Property Casualty Insurance Association wary of Rhode Island legislation

Financial Regulation News American Property Casualty Insurance Association wary of Rhode Island legislation By Douglas Clark  |   May 24, 2021   |   Industry The American Property Casualty Insurance Association (APCIA) is concerned with two Rhode Island bills that could increase consumer auto costs. © Shutterstock The APCIA said the concern stems from H. 6324 and H. 6325, which the organization noted threaten to add costs related to parts, materials, sublet services, and a new industry standard markup loophole. “House 6324 would effectively allow the autobody industry to use whatever part invoicing system they want, including several known to be open to potential manipulation, and an insurer would be required to pay without contest as long as an invoice is produced,” Frank O’Brien, vice president of Government Relations for the APCIA, said. “Even more concerning for consumers, it includes a broad but ambiguo

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