Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
New York’s Cybersecurity Rules: What Insurance Professionals Should Know
Mar 6 2017 // The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies (cyber rules) that went into effect March 1. The cyber rules, codified at 23 NYCRR §500, require...
Chinese Watchdog Weighs Relaxing Rules for Big Insurers’ Overseas M&A
Mar 6 2017 // China’s insurance regulator is considering an industry shake-up that could see the biggest and most solvent firms resuming an overseas expansion, while smaller, riskier insurers would come under tighter scrutiny. The...
Report Finds New York Construction Fatalities, Regulatory Violations Rising
Mar 6 2017 // The New York Committee for Occupational Safety and Health (NYCOSH) found in its latest construction fatality report that construction worker deaths are rising in New York, and many construction employers across the state...
New Bill Grants Bonding Assistance to Small Businesses in New Jersey
Mar 6 2017 // A recently passed bipartisan bill in New Jersey has brought good news to small businesses that want to participate on public construction projects. Senate Bill 123, signed by Gov. Chris Christie on Jan. 4, introduces a new...
Declarations
Mar 6 2017 // Cybersecurity Safeguards “These strong, first-in-the-nation protections will help ensure this industry has the necessary safeguards in place in order to protect themselves and the New Yorkers they serve from the...
Tiny Homes: How agents, insurers are helping to lay a foundation for a growing insurance market
Mar 6 2017 // Despite big media hype that has included TV shows, magazines and blogs, the tiny home market is still small. Figures on its current size are hard to come by but the tiny home movement of people looking to downsize and...
Later Last Call Times Proposed by California Lawmaker
Mar 6 2017 // Closing times at bars in California could go later if proposed legislation there gets passed. The bill proposed by state Sen. Scott Wiener, a Democrat who represents San Francisco, would let municipalities set their own...
Heat is on Florida Lawmakers to Tackle Assignment of Benefits Abuse
Mar 6 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...
London’s Uber Drivers Need to Pass English Language Tests, Court Rules
Mar 3 2017 // Uber Technologies Inc. lost a ruling over London transport rules that require language tests for drivers, which could keep 40,000 people from joining the industry over the next three years. Judge John Mitting ruled in...
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...
