Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
New York State DFS Issues Updated Proposed Cybersecurity Regulation
Dec 28 2016 // New York State Department of Financial Services (DFS) Superintendent Maria T. Vullo has announced that the DFS has updated its proposed cybersecurity regulation to protect New York State from the ever-growing threat of...
Judge Upholds Ban on Guns in Delaware State Parks, Forests
Dec 28 2016 // A Delaware judge has sided with state environmental officials in a lawsuit challenging a ban on non-hunting firearms in state parks and forests. Members of the Bridgeville Rifle & Pistol Club and the Delaware State...
Top 12 Insurance Trends and News Stories of 2016: Countdown
Dec 27 2016 // In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and hoping for a hardening market; property/casualty insurance carriers reporting financial results...
Exiting U.S. Mine Safety Chief Hopeful Safety Progress Will Continue
Dec 27 2016 // The nation’s coal mines are headed for another record low year in workplace deaths, and the outgoing federal mine safety chief said he’s hopeful that mining companies will work with the incoming Trump...
State Regulation Report Card: R Street Grades Them from Best to Worst
Dec 22 2016 // For the second year in a row, Vermont has been graded at the top of the class as having the best insurance regulatory system, while North Carolina has again been graded as having the worst, according to the fifth edition...
South Central Regulation Report Card: Texas’ Grade Rises, Arkansas’ Drops
Dec 22 2016 // No South Central state had the best score and none had the worst in a report recently released by a conservative-leaning research organization that annually assesses the effectiveness states’ insurance regulatory...
Midwest Regulation Report Card: States’ Grades Range from A to D
Dec 22 2016 // Grades assigned to the insurance regulatory systems in the Midwest states of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin range from A to D in a...
Southeast Regulation Report Card: North Carolina Flunks; Florida, South Carolina Dispute Grades
Dec 22 2016 // North Carolina ranks the worst of all 50 states when it comes to insurance regulation, according to a 2016 insurance regulation report card by an insurance industry think tank. The R Street Institute’s 2016 Insurance...
West Regulation Report Card: California Most Politicized State
Dec 22 2016 // A report gives California’s insurance regulatory environment low marks for auto body repair rules, the insurance commissioner’s call for insurers to divest from coal, its prior approval law and being the...
East Regulation Report Card: Vermont Ranks Best for 3rd Straight Year
Dec 22 2016 // The R Street Institute, a nonprofit public policy research organization headquartered in Washington, D.C., has found that Vermont has the best insurance regulatory environment in the U.S. for the third straight year in its...
Hong Kong Agents, China Insurers Face Tech-Related Disruptions: 2017 Predictions, Part 4
Dec 22 2016 // The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but it’s actually a...
Vermont Governor-Elect Reappoints Commissioner Pieciak
Dec 22 2016 // Vermont Governor-elect Phil Scott announced he would reappoint Michael Pieciak as commissioner of the Department of Financial Regulation. The department will also retain the deputy commissioners for each of its four...
New York Financial Regulator to Delay Cyber Security Rules
Dec 22 2016 // New York’s financial regulator will delay an anticipated Jan. 1 deadline for banks and insurers doing business in the state to comply with controversial cyber security rules, a person familiar with the matter...
Trump Taps Billionaire Icahn, Activist Investor and Dodd-Frank Critic, as Regulation Advisor
Dec 22 2016 // Billionaire Carl Icahn will advise Donald Trump on rescinding what the activist investor called “excessive regulation” on U.S. businesses, the president-elect’s transition team announced on...
China’s Regulator Toughens Insurer Licensing Requirements: Sources
Dec 22 2016 // China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people...
New York Regulates Crime Insurance Underwriting of Firms Hiring Ex-Convicts
Dec 21 2016 // New York Governor Andrew Cuomo on Wednesday issued a regulation making it easier for businesses to hire former convicts by prohibiting insurance companies from refusing coverage for crime-related losses caused by...
Lawmakers OK Uber, Lyft to Operate in New Jersey
Dec 21 2016 // New Jersey lawmakers have given their OK to ride-hailing services like Uber and Lyft. Lawmakers on Monday approved a measure to make the services legal. If approved by Republican Gov. Chris Christie, the measure would...
Emerging Risks/Markets Offer New Opportunities: 2017 Predictions, Part 3
Dec 21 2016 // Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market knowledge and...
2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2
Dec 20 2016 // Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde &...
Republicans Prepare Assault on Obama’s Final Regulations
Dec 20 2016 // Republicans in Congress plan to deploy a powerful tool soon after Donald Trump is inaugurated to scuttle a host of rules put in place in the last months of Barack Obama’s presidency, yet they must act quickly for the...
