Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Canada Eyes Regulation of Crypto-Trading Platforms Amid Ongoing Quadriga Scandal
Mar 15 2019 // Canada is moving to overhaul its securities regulations to cover crypto trading platforms such as Quadriga Fintech Solutions Corp., a digital exchange that lost access to C$260 million ($195 million) of investor assets...
Florida Governor Urges Lawmakers to Address AOB as Reforms Move Forward
Mar 15 2019 // Just over a week into the 2019 legislative session, insurance industry-supported bills aimed at reforming Florida assignment of benefits (AOB) abuse are making progress in the state legislature. Lawmakers in the Florida...
UK Lawmakers Vote Overwhelmingly to Ask EU for Brexit Delay
Mar 14 2019 // British lawmakers voted overwhelmingly on Thursday to seek a delay in Britain’s exit from the European Union, setting the stage for Prime Minister Theresa May to renew efforts to get her divorce deal approved by...
UK Parliament Rejects No-Deal Brexit; Vote Planned to Delay EU Exit
Mar 13 2019 // British lawmakers on Wednesday overwhelmingly rejected leaving the European Union without a deal, paving the way for a vote to delay Brexit to seek a way out of Britain’s worst political crisis in...
EU Decision to Put Bermuda on List of Global Tax Havens ‘a Setback’: Premier Burt
Mar 13 2019 // Bermuda’s Premier David Burt on Tuesday called the European Union’s decision to put the British overseas territory on a list of global tax havens “a setback” but said he was confident it would soon...
RenaissanceRe Gets Regulatory Nod to Proceed with Tokio Millennium Re Purchase
Mar 13 2019 // RenaissanceRe Holdings Ltd. announced it has received all regulatory approvals required in connection with its planned acquisition of Tokio Marine Holdings’ reinsurance platform. The deal was first announced on Oct....
Brexit Chaos Continues as Parliament Again Defeats PM May’s EU Divorce Deal
Mar 13 2019 // British lawmakers crushed Prime Minister Theresa May’s European Union divorce deal on Tuesday, thrusting Britain deeper into crisis and forcing parliament to decide within days whether to back a no-deal Brexit or...
Florida Regulator to Hold Public Hearing on Citizens Rate Increase
Mar 13 2019 // The Florida Office of Insurance Regulation (OIR) will conduct a rate hearing to receive public comment on the proposed rate changes from Citizens Property Insurance Corp. for its business in the Coastal Account (CA),...
Oklahoma House Passes Bill Aimed at Increasing Volunteer Firefighter Numbers
Mar 12 2019 // The Oklahoma House of Representatives has unanimously passed legislation that will allow paid firefighters after retirement to return to service as volunteers without effect to their state pensions. House Bill 2051 passed...
Wells Fargo CEO Grilled at Congressional Hearing Probing Customer Abuse Scandal
Mar 12 2019 // Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional hearing that saw Sloan...
Connecticut Lawmakers Continue Push to Address Crumbling Foundations
Mar 11 2019 // Connecticut lawmakers were urged Friday to pass additional legislation to address the state’s crumbling foundations problem and also find additional funds to help impacted homeowners. Michael Marglaras,...
Oklahoma Judge Denies Purdue Pharma Bid to Delay Landmark Opioid Trial
Mar 11 2019 // OxyContin maker Purdue Pharma LP and two other drugmakers on Friday lost a bid to delay a landmark trial set for May in a multibillion-dollar lawsuit by Oklahoma’s attorney general accusing them of helping fuel an...
New Hampshire High Court Rules Board Wrong to Deny Workers’ Comp for Medical Pot
Mar 8 2019 // The New Hampshire Supreme Court has ruled that a labor appeals board was wrong to determine that workers’ compensation insurance can’t reimburse an employee for the cost of medical marijuana. The court found...
Emerging Markets to Drive Global Insurance Growth over Next Decade: Swiss Re’s Sigma
Mar 8 2019 // Emerging markets will remain the growth engine of the global economy and insurance industry over the next decade, reflecting a continuing shift of economic power from west to east, according to Swiss Re Institute’s...
Georgia House Passes Bill Expanding Access to Medical Marijuana
Mar 8 2019 // The production and sale of low-potency medical marijuana oil could soon be allowed in Georgia under a bill passed Tuesday by the House. Lawmakers voted 123-40 to clear the measure, two days ahead of a legislative deadline...
The Story Behind the Aon and Willis Towers Watson Deal that Died a Quick Death
Mar 7 2019 // It’s not often that you hear about a $24 billion deal brewing in the financial services industry. It’s even rarer that it goes from confirmation to breakup in less than a day. On Tuesday afternoon, Aon Plc...
California Bills Would Add More Punch to Consumer Data Protection Law
Mar 6 2019 // Professionals in the cyber arena could find themselves quite busy in the near future with the possibility of California consumers gaining even more power to sue corporations for mishandling personal data under two recently...
Defamation Can Be Implied in Idaho, High Court Rules
Mar 6 2019 // The Idaho Supreme Court says individuals have the right to sue if they think someone implied – but didn’t outright say – something defamatory. The ruling was handed down this week in a lawsuit brought by former...
Judge Orders PG&E Compliance With Fire-Safety Laws
Mar 6 2019 // A federal judge is requiring PG&E Corp. to abide by rules governing how the utility operates its power lines in California, seeking to reform what he described as “dismal” management that led to a series of...
Mass. High Court Rules Statute of Repose Applies to Asbestos-Related Claims
Mar 6 2019 // The Massachusetts Supreme Judicial Court has ruled that a statute of repose barring many construction-related personal injury claims after a time limit of six years also applies to claims involving diseases with extended...
