Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
New York Issues First-in-Nation Regulation on Commercial Crime Insurance
Jan 23 2017 // New York State’s Department of Financial Services (DFS) in December issued a new regulation that prohibits insurance companies from denying commercial crime insurance coverage to New York businesses employing people...
People
Jan 23 2017 // Ryan Specialty Group LLC has named Charlie Rosson senior vice president. Rosson is based in San Francisco, Calif. He will work to develop RSG penetration with brokers on a national basis. He has 23 years of experience in...
Oregon’s New Fall Protections for Home Builders Much Stricter
Jan 23 2017 // A state regulation that took effect Jan. 1 requires Oregon construction contractors to make sure workers are protected from falls if work is done six or more feet above a surface. The Oregon Occupational Safety and Health...
Trump Administration Halts Obama Cut in Mortgage Insurance Premiums
Jan 23 2017 // Soon after Donald Trump was sworn in as president, his administration undid one of Barack Obama’s last-minute economic-policy actions: a mortgage-fee cut under a government program that’s popular with...
Trump Considering Not Enforcing Health Insurance Mandate, Says Top Aide
Jan 22 2017 // The Trump administration may stop enforcing the Obamacare requirement that most Americans carry health insurance even before Congress repeals the law, Kellyanne Conway, a top adviser to the new president, said in...
Massachusetts Court Reminds Auto Insurers of Importance of Retail Book Value
Jan 20 2017 // A Massachusetts appeals court used a recent case to warn auto insurers that it is important to take retail book value into consideration early in the settlement process. While the court ruled in favor of defendant...
Fairfax in Talks to Sell 25% of India’s ICICI Lombard, Worth Up to $1B
Jan 20 2017 // Fairfax Financial Holdings is in early talks to sell 25 percent of India’s largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a...
Brexit Cost Implications to Weigh on UK Re/Insurers: A.M. Best Report
Jan 20 2017 // The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not anticipate taking any rating...
Soft Market Is Main Factor Limiting Growth of UK MGAs: Survey
Jan 20 2017 // Soft market conditions have replaced regulation and compliance as the main factor affecting growth for UK managing general agents (MGA) in 2017, said a survey of members of the London-based Managing General Agents’...
Court Upholds Blankenship Conviction Over Fatal West Virginia Mine Blast
Jan 20 2017 // A federal appeals court on Thursday rejected former Massey Energy Co Chief Executive Officer Donald Blankenship’s bid to overturn his conviction and one-year prison sentence related to his role in a 2010 West...
Oklahoma Lawmaker Proposes Changes to Personal, Corporate Income Taxes
Jan 19 2017 // Oklahoma State Rep. Jason Dunnington has filed legislation that he says would generate more than $500 million in recurring revenue. Oklahoma is facing severe budget constraints, partly due to reduced energy industry...
Trade Group: Workers’ Comp Reform Among Key Issues for Illinois Insurers
Jan 19 2017 // Workers’ compensation, commercial insurance purchasing rules and auto insurance verification are among key challenges for insurers in Illinois legislative session, a national insurance trade organization...
Oklahoma Commissioner Touts Microinsurance, Other Ideas for Health Law Reform
Jan 19 2017 // Oklahoma Insurance Commissioner John D. Doak says microinsurance, the ability to sell health coverage across state lines and increased use of health savings accounts are ideas that should be looked at as lawmakers move...
Arkansas Commissioner Tapped for NAIC Committee Leadership Post
Jan 19 2017 // Arkansas Insurance Commissioner Allen Kerr has been named vice-chairman of the Market Regulation and Consumer Affairs (D) Committee of the National Association of Insurance Commissioners (NAIC). In a statement released by...
Arkansas Judge OKs $29.1M Payout in Cigarette Lawsuit
Jan 19 2017 // More than 21,000 Marlboro Lights smokers and their attorneys will receive a portion of $29.1 million from a lawsuit settlement fund approved by an Arkansas judge. A Pulaski County Circuit judge approved the payment on Jan....
State Agency Advocates for Self-Driving Car Legislation in Maryland
Jan 19 2017 // Maryland state’s Motor Vehicle Administration is advocating legislation that would transfer regulatory power of self-driving cars to the agency and the state police, saying the change may improve safety on Maryland...
Block Sworn in as Nebraska Workers’ Compensation Court Judge
Jan 18 2017 // Dirk V. Block is the newest judge to serve on the bench of the Nebraska Workers’ Compensation Court. He was sworn in on Jan. 13. Gov. Pete Ricketts appointed Judge Block on Dec. 8, 2016. Block fills a vacancy left by...
In His Final Year, New Jersey Governor Christie Aims to Tackle Drug Crisis
Jan 17 2017 // Republican Governor Chris Christie said that he will focus in his final year in office on New Jersey’s drug epidemic, promising to limit the supply of opioid drugs doctors can initially prescribe and seeking...
Massachusetts Lawmakers to Revisit Marijuana Law
Jan 17 2017 // Legislative leaders have made clear they are not through with making changes to the voter-approved recreational marijuana initiative, but it remains to be seen whether future action amounts to an overhaul of or a mere...
Judge Dismisses Biggest Civil Case in Austin Music Fest Crash
Jan 16 2017 // A judge has dismissed the largest civil case that had been brought against South by Southwest, the city of Austin and others from victims of a 2014 crash during the music festival that killed four people and injured...
