Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
Court Rules Florida Workers’ Comp Rate Hike to Remain, For Now
Dec 19 2016 // Florida’s workers’ compensation rate increase of 14.5 percent will remain in effect while a Florida appeals court reviews a legal challenge to the state’s recent ratemaking process. The First District...
Brexit Opportunities, More M&A: Clyde & Co.’s 2017 Predictions, Part 1
Dec 19 2016 // M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & Co. Andrew Holderness, a...
Insurance Industry Sees Challenges with New York City Crawler Crane Requirements
Dec 19 2016 // The Department of Buildings of the City of New York’s (DOB) recent move to better regulate crawler crane operations in New York City has led to concern for some in the insurance industry that a stricter regulatory...
Lawmakers Examining New Jersey Transit Finances, Safety Record
Dec 19 2016 // Federal lawmakers have discussed the idea of merging embattled New Jersey Transit with other state agencies to save money to use for road, bridge and rail projects, and heard from experts about safety upgrades following a...
California Commissioner Issues Auto Collision Repair Regulations
Dec 19 2016 // California Insurance Commissioner Dave Jones issued new Auto Collision Repair Labor Rate Survey Regulations in early December that he said will increase consumer protections when a damaged vehicle is repaired. The...
California High Court Rules Firms Must Protect Households From Asbestos
Dec 19 2016 // The California Supreme Court says companies can be held liable for exposing members of a worker’s household to asbestos. The court ruled unanimously earlier this month that companies have a responsibility to prevent...
California Workers’ Comp Division Files Medical Fee Schedule Amendment
Dec 16 2016 // California’s Division of Workers’ Compensation has adopted and filed an amendment to the official medical fee schedule hospital outpatient departments and ambulatory surgical centers section with the Secretary...
North Carolina Lawmakers Approve $200M for Matthew, Fire Relief
Dec 16 2016 // North Carolina lawmakers on Wednesday finalized a $201 million hurricane and wildfire relief package sought by Gov. Pat McCrory in a special session he called. The Senate and House unanimously approved the final aid...
