Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
2017 Florida Insurance Legislation to Watch
Mar 3 2017 // The Florida insurance market has been a hotbed of controversy over the last year, and many are looking at the Florida State Legislature to alleviate some of the concerns coming from consumers, businesses and the industry...
Iowa Workers’ Comp Bill Limits Job Injury Claims, Unions Say
Mar 2 2017 // Dozens of public workers gathered on March 1 at the Iowa Capitol in opposition to a bill that would reduce compensation for getting injured on the job, just weeks after legislators voted to severely limit their collective...
Workers’ Compensation Could Pay If Obamacare Replacement Falls Short
Mar 2 2017 // The workers’ compensation system could end up feeling some pain if changes to health care and other social insurance programs by Congress and the Trump Administration mean some Americans lose benefits, workers’...
Texas Businesses Line Up Against Lt. Governor’s High-Priority Insurance Bill
Mar 2 2017 // Major business interests are lining up against one of Lt. Gov. Dan Patrick’s top priorities — a bill that would make it harder for Texans to force their insurance companies to pay up when calamity strikes. Patrick...
Texas Lawmaker Seeks Insurance Policy Abortion Ban
Mar 2 2017 // An effort to prohibit coverage of abortion by many health insurance plans in Texas is back, despite stalling in previous years. Republican Sen. Larry Taylor of Friendswood is seeking to bar health insurance plans offered...
Hawaiian Lawmakers Seeking to Get Vacation Rental Data
Mar 2 2017 // Hawaii lawmakers may create a group to develop a way to collect data on how vacation rentals affect Hawaii’s tax revenue, housing supply and brand as a visitor destination. The Senate Ways and Means Committee passed...
XL Catlin Launches Five Financial Institutions Insurance Solutions in Iberia
Mar 2 2017 // XL Catlin’s insurance operation in Iberia announced that it is launching five new insurance solutions for financial institutions. The coverage is for directors & officers liability, civil liability, comprehensive...
Judge Dismisses 15-Year Case Against UBS Over Enron Collapse
Mar 2 2017 // A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp. from retail customers, a decision that may end a 15-year legal battle stemming from the energy...
House Republicans’ Report Hits ‘Too Big to Fail’ Designation Process
Mar 1 2017 // Congressional Republicans are taking aim at the regulatory process through which some financial institutions become subject to heightened regulation because they are deemed too big to fail. In a report released on Tuesday,...
New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact
Mar 1 2017 // As the insurance industry has closely followed developments regarding The New York State Department of Financial Services’ (DFS) cybersecurity regulation, concerns remain in terms of how the final regulation, set to...
Canada’s Echelon Insurance Gets Danish Regulatory Nod to Sell Europe Unit
Mar 1 2017 // Canada-based Echelon Financial Holdings Inc. announced it has received regulatory approval from the Danish Financial Services Authority for the sale of its European operations. This completes the necessary regulatory...
Oklahoma Senate OKs Bill Changing Oversight of Online Insurance Verification
Feb 28 2017 // The full Senate has approved legislation to transfer oversight of Oklahoma’s Compulsory Insurance Online Verification System (OCIVS) for motor vehicle liability policies from the Department of Public Safety (DPS) to...
Insurers Caught In Municipal Bond Slump While Awaiting Trump Tax Plan
Feb 28 2017 // The disruption in the municipal bond market is punishing some of the most loyal buyers of the debt. The insurance industry has seen more than $5 billion of gains erased on state and local bonds after Donald Trump’s...
Businesses Appeal U.S. Judge’s Ruling Upholding Broker Fiduciary Rule
Feb 28 2017 // The U.S. Chamber of Commerce appealed a Texas federal judge’s ruling upholding a Labor Department’s regulation aimed at putting retirement savers’ interest first on Friday, the latest salvo in the...
First Florida Bill Addressing AOB Introduced for 2017 Session
Feb 28 2017 // Florida now has legislation backed by the top Florida insurance regulator and the industry that promises to curtail homeowners insurance abuse under the assignment of benefits (AOB) feature. Senate Bill 1038, filed Feb. 17...
Singapore Tightens Rules for Sharing Economy that Could Disrupt Asia Ambitions
Feb 27 2017 // Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia. The rules, some...
UK, Canada Regulators Sign Agreement to Help Expansion of Fintech Firms
Feb 27 2017 // British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other’s markets, they said on Wednesday. The agreement between the UK’s Financial...
Republicans’ Replacement for Obamacare Taking Shape
Feb 27 2017 // Republican lawmakers expect that their Obamacare replacement will result in fewer Americans covered by health insurance, a fact that’s likely to increase blowback amid growing support for the program. New details of...
Staying Alive: Cutting U.S. Highway Death Rate to Zero
Feb 27 2017 // In the near future, the U.S. should be able to prevent thousands, and perhaps tens of thousands, of deaths on the roads and highways. The Department of Transportation has proposed a Road to Zero — the elimination of...
Texas Bill Seeks Limits on Hailstorm Lawsuits
Feb 24 2017 // A bill has been filed in the Texas Senate that seeks to curb what the authors of the legislation say is a skyrocketing number of lawsuits filed against insurers for bogus or inflated hailstorm claims. Senate Bill 10, filed...
