Robert Damron News

Ruling Allows Hawaii Dam Break Lawsuits Against Insurers To Advance

A state appeals court ruling has cleared the way for stalled lawsuits involving a deadly 2006 Kauai dam breach to move forward. The state Intermediate Court of Appeals sent the case back to circuit court, vacating the lower court’s ruling …

Legislators, Surplus Lines Groups Weigh a Lighter SLIMPACT Tax Deal

As the deadline to implement the surplus lines insurance modernization bill — or the Nonadmitted & Reinsurance Reform Act (NRRA) in the Dodd-Frank Act — quickly approaches, some of the nation’s legislators are searching for a way to find consensus …

Clock is Ticking on Surplus Lines Tax Reform

The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in the massive reform bill that would modernize regulation and taxation issues for surplus lines. …

Clock is Ticking on Surplus Lines Tax Reform

With Less Than a Year to Go, Can States Agree on Tax Sharing Plan? The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in …

People

Jim Johnstone has joined Westbrook, Conn.-based The Gowrie Group of Cos. as a producer in the Boat/Yacht department. Jim brings deep marine and sailing industry expertise that will enable Gowrie to broaden its reach into the boating market and the …

New York’s Seward to Head Insurance Legislators Group

New York State Senator James Seward has been named president of the National Conference of Insurance Legislators (NCOIL). NCOIL is an organization of state legislators whose main area of public policy interest is insurance legislation and regulation. Most legislators active …

Insurance Legislators to Regulators: Slow Down Market Conduct Plan

Naming critical concerns regarding confidentiality and authority, the National Conference of Insurance Legislators (NCOIL) advised a slowdown of a market conduct annual statement (MCAS) proposal being considered by the National Association of Insurance Commissioners (NAIC). The NCOIL Executive and State-Federal …

NCOIL Names New Officers

The National Conference of Insurance Legislators (NCOIL), elected the following officers for 2008: Sen. James Seward (NY) as President-Elect; Rep. Robert Damron (KY) as Vice President; Rep. George Keiser (ND) as Secretary; and Sen. Carroll Leavell (NM) as Treasurer. In …

Ky. Becomes the 22nd State to Sign Interstate Compact

Kentucky became the 22nd state to join the Interstate Insurance Product Regulation Compact when Governor Ernie Fletcher signed House Bill 112 into law in Frankfort this week. The compact streamlines the regulatory process, creating uniformity among states. Twenty-six states are …

NCOIL President Announces Committee Leaders

Florida State Sen. Steven A. Geller, recently elected president of the National Conference of Insurance Legislators (NCOIL), today named several leading state lawmakers as chair of key NCOIL committees and subcommittees in 2004. The appointees will serve until the end …