Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Pennsylvania’s Altman Named to Leadership Position on Health Insurance with NAIC
Feb 5 2018 // Acting Pennsylvania Insurance Commissioner Jessica Altman will serve as vice chair of the Health Insurance and Managed Care Committee of the National Association of Insurance Commissioners (NAIC), the organization reported...
Filing Deadline Approaching for New York’s Cybersecurity Regulation
Feb 5 2018 // New York Department of Financial Services Superintendent Maria T. Vullo has reminded all regulated entities and licensed persons covered by the Department of Financial Services’s (DFS) cybersecurity regulation that...
8 Ways Cyber Threats and Business Security Will Change This Year: Aon’s Predictions
Feb 2 2018 // As cyber attacks increasingly threaten business and grow in volume and scale, companies will be forced to take new measures to address cybersecurity risk holistically, integrating it more aggressively into their enterprise...
EU Will Not Offer Post-Brexit Passporting for UK Insurers, Banks: Diplomats
Jan 31 2018 // European Union negotiators see no room for discussion with Britain on maintaining “passport” access to EU financial markets for its banks after Brexit, but they are willing to look at free trade in the sector,...
General Liability Underwriters to Play Vital Role in Drone Insurance: IUA Report
Jan 30 2018 // Traditional aviation insurance policies are unlikely to address all elements of emerging risks from the rapidly increasing use of drones, according to a report from the International Underwriting Association (IUA). As a...
Trump’s SEC Considering Shielding Companies from Investor Class Action Suits
Jan 29 2018 // In its determination to reverse a two-decade slump in U.S. stock listings, a regulator might offer companies an extreme incentive to go public: the ability to bar aggrieved shareholders from suing. The Securities and...
China Weighs Merger of Banking, Insurance Regulators: Sources
Jan 26 2018 // China is considering a merger of its banking and insurance regulators, people familiar with the matter said, as it seeks to better coordinate its attempts to counter financial risks in the world’s second-largest...
P/C Insurers’ Bottom Line Should Benefit from Trump Tax Cut
Jan 25 2018 // Federal tax reform was a big topic of discussion at the Insurance Information Institute’s 2018 P/C Joint Industry Forum, with panelist Jay Gelb of Barclays Capital stating the recently passed tax law is going to be...
Florida Agents March on State Capitol in Lawmaker Push to Reform AOB
Jan 25 2018 // More than 125 insurance agents from across Florida, along with members of the Consumer Protection Coalition (CPC), march to the Florida Capitol on Wednesday to highlight the need for Assignment of Benefits (AOB) reform....
Filing Deadline Approaching for New York’s Cybersecurity Regulation
Jan 23 2018 // New York Department of Financial Services Superintendent Maria T. Vullo has reminded all regulated entities and licensed persons covered by the Department of Financial Services’s (DFS) cybersecurity regulation that...
Lawmaker Sues Oklahoma Private Investigation Firm in Spying Case
Jan 22 2018 // An Oklahoma lawmaker who found a tracking device attached to his pickup truck last month is suing a private investigation company and an investigator who works for the company over the device. Discovery of the tracking...
Pennsylvania’s Altman Named to Leadership Position on Health Insurance with NAIC
Jan 22 2018 // Acting Pennsylvania Insurance Commissioner Jessica Altman will serve as vice chair of the Health Insurance and Managed Care Committee of the National Association of Insurance Commissioners (NAIC), the organization reported...
London Market’s Priorities in 2018 Are Regulation, Brexit, Modernization: IUA
Jan 22 2018 // Regulatory developments, such as the EU’s new data protection law, will dominate priorities for the London company insurance market in 2018, according to the International Underwriting Association in its annual...
Saudi Arabia Asks U.S. Judge to Throw Out 9/11 Lawsuits
Jan 22 2018 // Saudi Arabia asked a U.S. judge to throw out lawsuits claiming it helped al-Qaeda carry out the Sept. 11 terrorist attacks, arguing the victims haven’t provided any evidence to back their cases. Michael Kellogg, a...
Tennessee Lawmakers Introduce Medical Marijuana Bill
Jan 22 2018 // Two Republican lawmakers have introduced legislation to make medical marijuana legal in Tennessee, but only in oil-based products. Sen. Steve Dickerson of Nashville and Rep. Jeremy Faison of Cosby announced the...
Judge Rules North Dakota Law Limiting Malpractice Damages Unconstitutional
Jan 22 2018 // A state district judge has ruled as unconstitutional North Dakota’s law limiting damages in medical malpractice cases. The Bismarck Tribune reports the ruling came in a case involving a Fort Yates woman who suffered...
Florida Appeals Court, Regulator Reject Policy Language Aimed at Curbing AOB Abuse
Jan 22 2018 // A Florida appeals court has sided with the state’s insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision could have a...
The Hartford and Travelers Among Companies Offering Bonuses Due to New Tax Law
Jan 22 2018 // Hartford, Conn.-based The Hartford and New York City-headquartered Travelers confirmed they are among several companies giving their employees bonuses of $1,000 each if they earn $75,000 or less annually as a result of...
Tennessee Captive Insurance Companies Exceed $1 Billion in Premiums
Jan 19 2018 // The state of Tennessee saw domestic captive insurance companies exceed $1 billion in written premiums in 2017 for the first time – a milestone for Tennessee’s burgeoning captive insurance marketplace. In addition...
AIG Taps Barron from PwC as Head of International Government Affairs
Jan 19 2018 // American International Group (AIG) announced that Ed Barron will join the company as head of International Government Affairs, effective March 2018. In this new role, Barron will be responsible for developing a cohesive,...
