Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Best, Worst States for Insurance Regulation
Dec 1 2015 // Vermont, Utah, Iowa, Virginia and Kentucky get an “A” and North Carolina an “F” in one think tank’s annual grading of states on how they regulate the property/casualty insurance industry. The...
Tennessee Insurance Commissioner McPeak Elected as NAIC Officer
Dec 1 2015 // Tennessee Department of Commerce & Insurance (TDCI) Commissioner Julie Mix McPeak was elected Secretary-Treasurer of the National Association of Insurance Commissioners (NAIC). She joins the other 2016 NAIC officers...
Federal Reserve Votes to Retire AIG Bailout Tool
Nov 30 2015 // The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank’s controversial decision to aid AIG, Citigroup and others in...
GM Does Not Have to Turn Over Privileged Ignition Switch Documents: Judge
Nov 30 2015 // General Motors Co. and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in their vehicles, a...
Florida Counties Oppose State Fracking Proposal
Nov 29 2015 // Dozens of Florida cities and counties oppose a plan to give the state control over the oil and gas exploration process known as fracking. The Tallahassee Democrat reported on Nov. 28 that 20 counties and nearly 40 cities...
Florida Taxi, DMV Battle over Ridesharing Insurance Issue Takes Interesting Turn
Nov 24 2015 // The Florida ridesharing lawsuit filed by two taxi companies and an individual against the Florida Department of Highway Safety and Motor Vehicles (FDHSMV) is getting more contentious by the day. Two motions have been filed...
Judge Allows NFL Player’s Fraud Claims Against BofA to Proceed
Nov 24 2015 // National Football League player Dwight Freeney can proceed with his lawsuit alleging that Bank of America Corp. was complicit in a fraud scheme that caused him to lose more than $20 million and forced his Rolling Stone...
Massachusetts Lawmakers Go Home for Holidays; No Action on Ridesharing
Nov 23 2015 // In the home of the Pilgrims, lawmakers have gone home ahead of the Thanksgiving holiday. The Massachusetts Legislature has adjourned for 2015, having failed to move on any of four bills introduced this year that proposed...
U.S. to Pursue Covered Agreement with EU for Re/Insurers
Nov 22 2015 // The U.S. Treasury and U.S. Trade Representative announced plans on Friday to negotiate a covered agreement on insurance with the European Union, a move it said will “level the regulatory playing field for U.S-based...
FAA Task Force Recommends Requiring Registration for Most Drones
Nov 22 2015 // Owners of all but the smallest toy drones will have to register them with the U.S. government before the end of the year if the Obama administration adopts proposals issued by a task force it appointed. Registration...
Arizona Lawmaker Wants Another Cut to Insurance Company Taxes
Nov 20 2015 // One of the top Republican leaders in the Arizona House wants to accelerate cuts to insurance company taxes that were included in a bill he sponsored. Majority Whip David Livingston of Peoria has filed a bill for the...
R.I. Insurance Superintendent Torti to Leave Post, Join Fairfax Financial
Nov 19 2015 // Rhode Island Superintendent of Banking and Insurance Joseph Torti III will leave his post at the end of the year and join Fairfax Financial as vice president of Regulatory Affairs. Torti was appointed associate director...
Readopted Credit-Scoring Model Highlights NCOIL’s Annual Meeting
Nov 19 2015 // Cyber insurance, international regulatory efforts, the sharing economy and the successful state credit-scoring model dominated the agenda of this past week’s National Conference of Insurance Legislators meetings in...
Penn. Judges Recommend $50M Fine Against Rideshare Firm Uber
Nov 19 2015 // Judges for the Pennsylvania agency that regulates buses and taxis recommended on Tuesday a record $50 million fine against ride-sharing company Uber for operating in the state without approval. Two administrative law...
Battle Over Legalizing Marijuana Taking Shape in New Jersey
Nov 18 2015 // New Jersey’s Democratic-controlled Legislature took a step toward a showdown with Gov. Chris Christie over legalized marijuana on Monday. A state Senate panel convened a hearing on legalizing the drug, and a leading...
N.J. Gov. Opposes Driver’s Licenses for Undocumented Immigrants
Nov 18 2015 // New Jersey Gov. Chris Christie said Monday he would veto a bill that that would establish a New Jersey driver’s license for residents who cannot prove they are in the United States legally, dashing the hopes of...
Federal Reserve Pressured to Narrow Emergency Bailout Powers
Nov 18 2015 // The Federal Reserve is on the verge of relinquishing the tools it used to rescue American International Group Inc. and Bear Stearns Cos. That probably won’t appease lawmakers who’ve said they’re still...
New Hampshire Lawmakers Expected to Create Drug-Focused Task Force
Nov 17 2015 // New Hampshire state lawmakers are expected to create a task force aimed at tackling New Hampshire’s substance abuse crisis when they return to Concord, New Hampshire, on Wednesday for a special session. If all goes...
Louisiana Hosts Saudi Arabia, Philippines Insurance Regulators
Nov 17 2015 // The Louisiana Department of Insurance is hosting insurance regulators from Saudi Arabia and the Philippines as part of the National Association of Insurance Commissioners (NAIC) International Fellows Program. First...
California DMV’s Pedestrian Pace on Self-Driving Car Rules Makes Google Antsy
Nov 17 2015 // Hustling to bring cars that drive themselves to a road near you, Google finds itself somewhere that has frustrated many before: Waiting on the California Department of Motor Vehicles. The tech titan wants the freedom to...