Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Iowa Judge: ‘Shadow Insurance’ Documents Are Confidential
Sep 18 2017 // An Iowa judge has ruled that the details of “shadow insurance” subsidiaries created by several life insurers can remain confidential. Indiana University professor emeritus Joseph Belth sought the documents last...
Audi Goes Full Speed on Automated Driving, While Competitors Wary of Liability, Regulation
Sep 18 2017 // German carmaker Audi is taking a lead in bringing more automated driving to roads, but rivals seem in no rush to follow while legal and regulatory uncertainties still cloud the technology. At the Frankfurt car show, Audi...
Researcher Says Some Auto Insurers Illegally Overcharge Michigan Women
Sep 18 2017 // A group defending Michigan’s auto insurance system says it has uncovered instances of insurers illegally selling more expensive policies to women and widowed drivers, raising questions about state oversight of rating...
Mixed Messages Sent Over Texas’s New Cat Claims Statute
Sep 18 2017 // Ambiguity surrounding a Texas law that went into effect on Sept. 1 had insurance industry representatives and attorneys who represent insurance policyholders issuing conflicting messages to insureds who may have suffered...
Delaware Updates Law to Address Advances in Cyber Threats
Sep 18 2017 // Delaware Governor John Carney has signed into law House Substitute 1 for House Bill 180, legislation that provides the first updates in Delaware law to address advances in cyber threats in more than a decade. The...
Why the Federal Flood Program Is Sinking Deeper into Debt: CBO Report
Sep 18 2017 // The federal flood insurance program is on a course to continue falling deeper in debt, even when there is no catastrophic storm like Katrina or Harvey. The National Flood Insurance Program (NFIP) is currently on a path...
Brokers Keep Trucking Market Motoring Despite Insurer Exits
Sep 18 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the...
Arizona Supreme Court Won’t Review Lower Court Ruling on Medical Marijuana
Sep 15 2017 // The Arizona Supreme Court is letting stand a lower court’s ruling that the state’s medical marijuana law is constitutional in requiring counties to approve reasonable zoning regulations. Maricopa County...
How New EU Rules Make It Tougher for Insurers, Hedge Funds to Manage Currency Risk
Sep 15 2017 // New European Union regulations on foreign exchange trading will make it harder and more expensive to manage currency risk, traders said, especially for large financial counterparties such as hedge funds and insurance...
AIA and Zurich Make Separate Bids for Australian Insurance Businesses: Reuters
Sep 15 2017 // Hong Kong-based insurance giant AIA Group Ltd. has shown interest in buying Commonwealth Bank of Australia’s insurance business, which is likely to be valued at about $4 billion, people with knowledge of the matter...
Obama Coal Ash Waste Regulation Getting New Look by Trump EPA
Sep 15 2017 // The U.S. Environmental Protection Agency on Thursday said it will reconsider a rule regulating coal ash waste from power plants in a win for utility industry groups that petitioned for changes. The EPA, the lead...
Judge Allows Ex-AIG Leader Greenberg’s Defamation Claim Against Ex-AG Spitzer
Sep 14 2017 // Maurice “Hank” Greenberg, former chief executive of American International Group Inc., may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state...
Trucking Industry Backs Bills Easing Self-Driving Vehicle Regulation
Sep 14 2017 // A U.S. trucking trade group and truck maker Navistar International Corp. urged a U.S. Senate panel on Wednesday to include self-driving commercial trucks in proposed legislation intended to speed autonomous vehicles to...
California Commissioner Issues Decision on Jan. 1, 2018 Worker’s Comp Filing
Sep 12 2017 // California Insurance Commissioner Dave Jones on Tuesday issued a decision regarding the Workers’ Compensation Insurance Rating Bureau’s Jan. 1, 2018 regulatory filing, which was submitted to the California...
Utah Judge Awards Ex-Teen Bride $16M in Case Against Polygamous Group
Sep 12 2017 // A woman who was married to her cousin at age 14 in a ceremony overseen by polygamous sect leader Warren Jeffs has won a $16 million lawsuit against the group. Elissa Wall’s lawyer said that the decision lets...
Trump Administration Revises Obama Self-Driving Vehicle Policy
Sep 12 2017 // The Trump administration will alter the course set by the Obama administration on autonomous vehicle policy after industry raised concerns about elements of that initial proposal. The revised guidance — to be...
Lacking Political Support, Global Capital Rule for Insurers Stalls
Sep 11 2017 // The first global standard for investors to compare how much capital insurers from different countries hold to keep policies safe is caught in a transatlantic tussle, casting doubt on whether it is practical, industry and...
Some Auto Insurers Illegally Charge Michigan Women More, Researcher Says
Sep 11 2017 // A group defending Michigan’s auto insurance system says it has uncovered instances of insurers illegally selling more expensive policies to women and widowed drivers, raising questions about state oversight of rating...
California Bill Would Force Wells Fargo to Court Over Fake Accounts
Sep 8 2017 // The California Legislature backed a measure this week that could require Wells Fargo to go to court with consumers who say they were harmed by the bank’s fake account scandal. The legislation would prohibit the San...
Trust But Verify: New York Cyber Regs Mean Managing Third-Party Security
Sep 8 2017 // This year, the beginning of September marked a critical implementation deadline for some of the toughest new cybersecurity regulations in the country – the New York State Department of Financial Services (NYDFS) 23NYCRR...
