Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Federal Reserve Chair Yellen Defends Role in International Regulation
Feb 15 2017 // Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to halt global regulatory talks in the early stages of Donald Trump’s presidency, said in a letter the Fed has the authority and...
Heat Is on Florida Lawmakers to Fix Assignment of Benefits Crisis
Feb 15 2017 // Florida’s insurance industry will apply significant pressure on lawmakers to pass assignments of benefit (AOB) reform in the upcoming legislative session as consumers face rate increases and a looming coverage...
Aetna, Humana Officially End Merger Deal; Won’t Appeal Court Ruling
Feb 14 2017 // Health insurers Aetna Inc. and Humana Inc. walked away from their $34 billion merger deal on Tuesday, after a U.S. judge ruled in January the combination would stifle competition in the private Medicare Advantage program...
Automakers Want Regulatory Road Cleared for Self-Driving Vehicles
Feb 14 2017 // General Motors Co. and Toyota Motor Corp. officials will tell a U.S. House panel on Tuesday that automakers need changes to automotive safety rules to allow the deployment of self-driving cars on American...
Insurers Find Fault With Report Over How Auto Insurers Treat No-Fault Accidents
Feb 14 2017 // A national consumer group has charged that innocent drivers in most states are being forced to pay more for auto insurance for accidents in which they are not at fault. The report from the Consumer Federation of America...
Obamacare Foe, Former Surgeon Price Sworn In as Health Secretary
Feb 13 2017 // Tom Price was sworn in as U.S. secretary of health on Friday, putting in place a determined opponent of Obamacare to help President Donald Trump dismantle his predecessor’s law and reshape the nation’s...
South Dakota Lawmakers Reject Insurer Tax Credit Disclosure
Feb 13 2017 // South Dakota lawmakers have rejected a bill that was meant to increase transparency in the state’s school choice scholarship program. The bill, voted down 9-6 in the House Education Committee, would have required...
International Drone Racing Association Launches Primary Coverage for Drone Pilots
Feb 13 2017 // I The International Drone Racing Association (IDRA) has launched a primary UAV aircraft liability insurance policy to cover drone pilots worldwide. Included with the rollout of IDRA’s membership service, each IDRA...
Ohio Judge: Village Must Pay Back $3M in Traffic Camera Tickets
Feb 10 2017 // A judge in Ohio says a village must pay back all $3 million paid by drivers for speeding citations from automated traffic cameras. The Hamilton-Middletown Journal-News reports Butler County Judge Michael Oster issued his...
Undoing U.S. Financial Regulations Could Bar U.S. Firms from EU
Feb 10 2017 // Some U.S. financial institutions could be locked out of the European market if Donald Trump’s administration repeals global rules imposed in the wake of the financial crisis, a top EU official said on Friday. Valdis...
Washington Judge Orders Energy Drink Maker to Pay $4.3M
Feb 9 2017 // A King County judge has ordered the makers of 5-hour ENERGY to pay nearly $4.3 million in penalties and attorneys’ fees for violating the Washington state Consumer Protection Act. Attorney General Bob Ferguson filed...
UK Moves Closer to Triggering EU Exit Talks – with Bumpy Road Ahead
Feb 9 2017 // Theresa May’s latest Brexit victory should leave her happy — but might ultimately come at a price. Late on Wednesday, the U.K. prime minister persuaded the House of Commons to back her original 137-word draft...
U.S. Court Deals Opponents of Obama Fiduciary Rule a Setback
Feb 9 2017 // A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald Trump’s efforts to scale back...
Advocacy Groups Go to Court to Thwart Trump’s Bid to Undo Regulations
Feb 9 2017 // The White House defended the president’s executive order to U.S. agencies to rescind two government regulations for every new rule introduced, after several advocacy groups filed a lawsuit on Wednesday challenging...
Federal Judge Halts Anthem-Cigna Merger as Harmful to Competition
Feb 8 2017 // A federal judge on Wednesday ruled against U.S. health insurer Anthem Inc.’s proposed $54 billion merger with smaller rival Cigna Corp., derailing an unprecedented effort to consolidate the country’s health...
Tesco Bank Hack Still a Mystery – to Frustration of Other UK Lenders
Feb 8 2017 // British banking executives and security experts are growing frustrated at the dearth of information available more than three months after 2.5 million pounds ($3.09 million) was stolen from Tesco Bank in the UK’s...
Proof of Loss Deadline Extended for Florida Hurricane Matthew Claims
Feb 8 2017 // The Florida Office of Insurance Regulation announced that the Federal Emergency Management Agency (FEMA) has granted another extension giving National Flood Insurance Program (NFIP) policyholders in Florida an additional...
House Speaker Ryan Says Obamacare Replacement Bill to Pass This Year
Feb 7 2017 // The U.S. House of Representatives’ Republican leader said on Tuesday that legislation to replace former President Barack Obama’s signature healthcare law will be completed this year, trying to assuage concerns...
Vermont to See Decrease in Costs for Workers’ Compensation Insurance
Feb 7 2017 // Vermont Governor Phil Scott has announced that workers’ compensation insurance will cost less for most Vermont employers when new rates approved by the Vermont Department of Financial Regulation (DFR) become...
Marsh Launches Cyber Risk & Data Breach Cover for Non-US Clients
Feb 6 2017 // Marsh has launched Marsh CyberShield, an exclusive cyber risk and data breach insurance policy for mid- to large-sized organizations. Available globally to Marsh clients outside of the US, Marsh CyberShield can provide up...
