Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
Indiana’s Governor Still Against Legalizing Marijuana, Medical or Otherwise
Jan 4 2019 // Indiana Gov. Eric Holcomb remains opposed to efforts by state lawmakers to allow medical or recreational marijuana in the state, even such uses are becoming legal in a growing number of other states. The Republican...
Recreational Pot Legalization Debate in Illinois Shifts from ‘When’ to ‘How’
Jan 4 2019 // Proposed plans for the legalization of recreational marijuana use in Illinois have shifted from “when” to “how.” Democratic Gov.-elect J.B. Pritzker campaigned on the legalization issue and its...
Judge Grants Monsanto Request Limiting Evidence in Roundup Cancer Claims Trials
Jan 4 2019 // A federal judge overseeing lawsuits alleging Bayer AG’s glyphosate-based weed killer causes cancer has issued a ruling that could severely restrict evidence that the plaintiffs consider crucial to their cases. U.S....
Pennsylvania Judge to Rule on Suit Over Sideline Death at Football Game
Jan 3 2019 // A judge in Pennsylvania is considering whether to dismiss a lawsuit filed by the widow of a high school football team volunteer who died in 2016 after a player ran into him. Attorneys for the Valley View School District...
Judge Dismisses Privacy Suit Against Google Over Facial Recognition Technology
Dec 31 2018 // A lawsuit filed against Google by users who said the world’s largest search engine violated their privacy by using facial recognition technology was dismissed by a judge on Saturday. U.S. District Judge Edmond E....
China Re Completes Purchase of Chaucer Holdings from Hanover Insurance
Dec 31 2018 // China Reinsurance (Group) Corp. announced it has completed the 100 percent equity acquisition of Chaucer Holdings Ltd. — the major portion of Hanover Insurance Group’s Lloyd’s international specialty...
Insurance Journal Southeast’s Top Stories for 2018: Fraud, Hurricanes, Data Security Law
Dec 31 2018 // It was a busy year in the Southeast with two major hurricanes that wreaked havoc on the region, an escalating insurance crisis in Florida, and a new industry-specific cybersecurity law in South Carolina that takes effect...
