American Insurance Association (AIA) News

Texas ‘Hailstorm’ Litigation Bill Headed to Governor’s Desk

Legislation backed by the insurance industry and some Texas business groups that curtails the ability of policyholders to sue insurance companies over property claims following extreme weather events has passed the state Senate and is headed for the governor’s desk. …

Insurance Trade Group: Illinois Workers’ Comp Bill Unnecessary, ‘Burdensome’

A national trade association representing property/casualty insurers has come out against a proposed bill in Illinois that will create what group says are “burdensome and duplicative workers’ compensation regulations.” The synopsis of Illinois House Bill 2645 states that the bill …

Insurers Object to Workers’ Comp Reform Proposal in Illinois

Insurance industry lobbying groups are speaking out against a proposed amendment to an Illinois statute that would give insurance regulators in that state more control over workers’ compensation rates. Illinois House Amendment 4 to SB 2901 would, among other things, …

Oklahoma Supreme Court Rules Workers’ Comp Opt-Out Unconstitutional

The Oklahoma Supreme Court handed a major setback to proponents of workers’ compensation alternatives on Sept. 13, ruling that the state’s Opt Out Act is unconstitutional. The high court’s 7-2 ruling came in Vasquez v. Dillards, which was appealed to …

Viewpoint: How Trade Agreements Could Help P/C Insurers in Global Market

The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more open, interconnected global economy resulting in measurable …

Opposing Sides File Briefs in Challenge to Oklahoma’s Work Comp Opt-Out

The constitutionality of Oklahoma’s workers’ compensation alternative, the Oklahoma Option, which was established in the 2013 overhaul of the state’s workers’ comp system, is currently being challenged in an appeal to the state Supreme Court. The Oklahoma Employee Injury Benefit …

Business-Backed Group Pushes for Workers’ Comp Opt-Out in Illinois

An Illinois think tank has issued a report expressing support for a workers’ compensation opt-out system, stating that it would give employers the ability to lower costs and allow for a more flexible workforce. In its report, “Fixing Illinois’ Outdated …

Oklahoma Commissioner: 4 Insurers Have 55% of Earthquake Market

Data released at a May 24 hearing to determine the competitiveness of earthquake insurance coverage in Oklahoma shows that four insurance companies have 55 percent of the market in the state. That’s a concern for Insurance Commissioner John D. Doak, …

AIA Urges Mitigation, not Regulation to Ease Oklahoma’s Quake Coverage Woes

In testimony submitted to Oklahoma’s insurance commissioner, the American Insurance Association (AIA) has suggested that the state look at mitigation, rather than further regulation of the earthquake insurance market in order to alleviate concerns over lack of competition. Concerned about …

Insurance Trade Groups Oppose Minnesota Auto Insurance Bill

Property/casualty insurance trade groups, the American Insurance Association (AIA) and the National Association of Mutual Insurance Companies (NAMIC), have submitted testimony to the Minnesota Legislature in opposition to a proposed auto insurance regulation bill the groups say is misguided. According …