Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
California Governor Proposes $150M in Wildfire Investments, 911 Fee
Jan 10 2019 // California Gov. Gavin Newsom has pledged fresh investments to prevent, fight and escape wildfires, including millions to help local governments improve their communication during emergencies and a fee to fund an update for...
California Could Require Businesses to Offer E-Receipts Under New Bill
Jan 10 2019 // California would become the first state to require businesses to offer electronic receipts unless customers ask for paper copies under legislation proposed this week. Many businesses and consumers already are moving toward...
EU Lawmakers Seek to Beef Up Financial Services Protections Ahead of Brexit
Jan 10 2019 // The European Union moved a step closer on Thursday to beefing up its regulators to increase safeguards for consumers and create an EU capital market that reduces the bloc’s reliance on Britain’s financial...
Texas Insurance Department Recommends Flood Disclosure on Property Policies
Jan 9 2019 // In its 2018 Biennial Report, the Texas Department of Insurance made several recommendations to the legislature regarding issues the agency believes are worth looking at by lawmakers in the 2019 legislative session. One, at...
Wildfires, Dynamex Dominate California Wholesaler Conference
Jan 8 2019 // Wildfires and the Dynamex decision. Those two topics dominated discussions at an insurance wholesaler conference this week. The California Wholesaler Association conference in La Jolla, Calif. from Sunday through today...
Allstate, State Farm, USAA Sue California Utility Over Wildfires
Jan 8 2019 // Several insurance companies have filed lawsuits blaming Pacific Gas & Electric Co. for a deadly California wildfire that destroyed 14,000 homes and triggered billions of dollars in insurance claims. The lawsuits filed...
Judge Blocks NYC Law Demanding Airbnb Disclosures
Jan 8 2019 // A New York City law forcing Airbnb and HomeAway home-sharing platforms to reveal a “breathtaking” amount of information about their businesses seems unconstitutional, a judge decided Thursday, forcing the law...
Neon Sponsors 2nd ILS Transaction via UK Transformer Vehicle NCM Re
Jan 8 2019 // Neon announced it successfully has raised third party capital to support its second insurance linked securities (ILS) transaction through its UK-based transformer vehicle, NCM Re. This marks the first reinsurance renewal...
California Utility’s Bankruptcy Talk Sets Stage for Showdown with State
Jan 7 2019 // In weighing a bankruptcy, power giant PG&E Corp. may be firing a warning shot to California lawmakers: Help us or watch the largest utility in your state go insolvent. The company is considering whether to file for...
If Brexit Deal Is Rejected, UK Would Enter Uncharted Territory: PM May
Jan 7 2019 // Prime Minister Theresa May said on Sunday [Jan. 6] that Britain would be in uncharted territory if her Brexit deal is rejected by parliament later this month, despite little sign that she has won over skeptical...
AGCS, Praedicat to Offer Product Safety Resource to Industrial Companies
Jan 7 2019 // Allianz Global Corporate & Specialty (AGCS), and Praedicat, an insurtech analytics company based in Los Angeles, have expanded their partnership to provide access to ChemMeta, Praedicat’s software product...
Electric Scooters Have Been Burned, Buried and Butchered. They’re About to Be Regulated.
Jan 7 2019 // Thousands of new riders have embraced the electric pay-per-minute scooters that have proliferated on America’s streets. Other people have set them on fire, tossed them off buildings and decorated them with dog...
Western Region Could See Action on Disaster Mitigation, Independent Contractors, Workers’ Comp
Jan 7 2019 // Most eyeballs were on California during the midterm elections in November, with polar opposite candidates facing off in the race for governor as well as the office of insurance commissioner. As in most years, Democrats...
Midwest Legislative Priorities Include No-Fault Auto, Distracted Driving, Contractor Fraud, Tort Reform
Jan 7 2019 // With some of the highest auto insurance rates in the nation, Michigan’s no-fault insurance laws — much maligned by the insurance industry and business interests — are sure to be a target for legislative...
Natural Disasters to Dominate Insurance Agenda in Texas; Oklahoma’s New Commissioner Eyes Uninsured Motorists
Jan 7 2019 // The Texas Legislature meets every two years, so when state lawmakers are in Austin, they have a lot to deal with. That’s unlikely to change when the 140-day 86th Legislature’s regular session convenes on Jan....
U.S. Signs Agreement with UK on Post-Brexit Insurance Regulation
Jan 7 2019 // The U.S. Treasury and U.S. Trade Representative have officially signed an agreement with the United Kingdom to provide insurance regulatory continuity after Britain exits the European Union. The agreement is similar to one...
3 Reasons Recovery from Hurricane Florence is Different from Hurricane Michael
Jan 7 2019 // Lessons from Past Storms and Economic Changes Suggest Rebuilding Efforts After Florence Will Be Arduous As the saying goes – location is everything. Following the two largest U.S. hurricanes this year, Hurricane...
States Surprised with Burst of Insurance Fraud-Related Legislation in 2018
Jan 7 2019 // Lawmakers Debated More Than 100 Fraud-Related Bills and Passed 33 into Law The introduction of new bills slows down during years when legislators tend to be more concerned with reelection. That’s why 2018 was such a...
California Supreme Court Upholds Commissioner’s Regulatory Actions Against PacifiCare
Jan 4 2019 // The California Supreme Court let stand an appeals court decision upholding California Insurance Commissioner Dave Jones’ Fair Claims Settlement Practices Regulations, paving the way for millions of dollars in...
UK Prime Minister’s Party Opposes Brexit Deal, as Uncertainty Hits Economy
Jan 4 2019 // British Prime Minister Theresa May’s bid to push her Brexit plans through parliament was dealt another blow on Friday when a survey showed most of her own party’s members oppose the agreement and would prefer...
