Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Regulator to Lawmakers: Leave Michigan Catastrophic Claims Association Funds Alone
Jul 20 2015 // Michigan’s top insurance regulator has taken a stance against a bill that would allow lawmakers to appropriate money for road projects from the state-created mechanism to reinsure unlimited medical benefits for auto...
New Regulatory Guidance Affects Insurers, Producers
Jul 20 2015 // detailed illustration of a compass with Cyber Security text, eps10 vector Producers, brokers and insurers are all targeted by cyber attackers looking for personal identifiable information (PII) that can be used to open...
Arizona Supreme Court Ruling May Expose Agents to Lawsuits
Jul 17 2015 // An Arizona Supreme Court ruling may expose agents who write auto policies to malpractice lawsuits if they are accused of failing to inform their customers about uninsured and underinsured motorists coverage – even with a...
California Judge Rules Apple Workers Can Sue as a Class Over Searches
Jul 17 2015 // For California workers seeking to be paid for time spent getting bags searched after their shifts end, state law may provide the remedy that federal law doesn’t. On Thursday, a judge in San Francisco said that Apple...
Head of UK Financial Watchdog Resigns; Government Refuses to Extend Contract
Jul 17 2015 // The head of Britain’s financial watchdog is stepping down early in a move some industry watchers said was a sign the government wants to take a less confrontational stance towards banks. Sources familiar with the...
Judge Blocks Access to Government Witnesses in GM Lost Value Suit
Jul 17 2015 // General Motors Co. customers suing over faulty ignition switches lost their bid for access to witnesses interviewed by the government in a probe of the automaker, a U.S. judge said. The customers, who are demanding as much...
Signed, Sealed, Delivered: Florida’s 2015 Insurance Legislation Takes Effect
Jul 17 2015 // Below is a list of insurance-related Florida legislation passed by lawmakers in the 2015 regular session. All legislation has been approved by Governor Rick Scott and became effective as of July 1, 2015. HB1133 –...
California Judge Rejects Lawsuit Claiming Google Privacy Violations
Jul 16 2015 // Google Inc. users were blocked from suing over alleged privacy violations by a judge who said they failed to show any of their information had been disclosed. It was the fourth time U.S. Magistrate Judge Paul Grewal...
California Judge Fines Uber $7.3 M, and Suspends Service
Jul 16 2015 // Uber has been fined $7.3 million for refusing to give California regulators information about the ride-hailing company’s business practices, including accident details and how accessible vehicles are to disabled...
Ambiguity Over Spousal Benefit Rules Could Test Gay Marriage Ruling
Jul 16 2015 // The Supreme Court was definitive in its decision to legalize gay marriage nationwide, but what is far from clear is whether U.S. companies must offer corporate benefits to same-sex spouses. Many large and mid-sized...
U.S. Appeals Court Rules for Whistleblowers in State Farm Katrina Fraud Case
Jul 16 2015 // Whistleblowers who sued State Farm Fire and Casualty Co. can seek more evidence of fraud against the U.S. government after 2005’s Hurricane Katrina, a federal appeals court ruled July 13. In its decision, the New...
Federal Court Rules Against Religious Groups Over Birth Control Coverage Opt-Out
Jul 15 2015 // Religious nonprofit groups must formally opt out of a U.S. health-care mandate if they wish to avoid a requirement that employers provide health-insurance coverage for birth control, a federal appeals court said. The...
Number of Food Recalls and Their Costs Are Increasing: Swiss Re Report
Jul 15 2015 // “Food manufacturers operate in a vast, globalized supply chain, where one mislabeled product or contaminated ingredient can cause sickness, death, multi-million dollar losses and massive reputational damage for the...
Regulator to Lawmakers: Leave Michigan CCA Funds Alone
Jul 14 2015 // Michigan’s top insurance regulator has taken a stance against a bill that would allow lawmakers to appropriate money for road projects from the state-created mechanism to reinsure unlimited medical benefits provided...
Drone Supporters Clash with Georgia Over Capitol Airspace Ban
Jul 14 2015 // Drone enthusiasts are calling a ban on the unmanned vehicles within five miles of Georgia’s Capitol an overreach of authority by state officials, while agency officials argue the change is necessary and follows...
Q&A: As Obama Health Law Survives, Republicans Divided Over Next Move
Jul 10 2015 // Having lost their latest war against President Barack Obama’s health care overhaul, Republicans must decide how to wage battles that could fan the issue for the 2016 elections. Last month’s Supreme Court...
Bankruptcy Judge Approves $2.5M Cleanup Deal in West Virginia Spill Case
Jul 10 2015 // A bankruptcy judge has approved a $2.5 million deal involving the cleanup of a massive 2014 chemical spill in West Virginia. The order July 8 by U.S. Bankruptcy Judge Ronald Pearson says the agreement is in the best...
Bermuda Adopts Solvency II ‘Equivalency’ Measures for ‘Open Insurance Markets’
Jul 10 2015 // A bulletin from Bermuda notes that the island’s parliament took regulatory action this week to align its regulatory insurance procedures, which it hopes will lead to “recognition by the European Commission as...
Insurance Managers Association of Cayman Appoints Deputy Head of Insurance
Jul 10 2015 // The Insurance Managers Association of Cayman (IMAC) has appointed Razaak “Raz” Busari as deputy head of the Insurance Supervision Division. Busari officially started in his post June 22, 2015, bringing with him...
Bank of England to Rule on Risk Models as Insurers Prepare for Solvency II
Jul 10 2015 // The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for the new European Union rules known as Solvency...
