Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Michigan Regulators OK Meadowbrook/Fosun International Transaction
Jun 22 2015 // Michigan insurance regulators have approved the acquisition of Southfield-based Meadowbrook Insurance Group Inc. by China’s Fosun International Limited. Meadowbrook Insurance Group announced that it received the...
Michigan Lawmakers OK Alcohol on Liability-Insured ‘Pedal Pubs’
Jun 22 2015 // People would be able to drink alcohol on certain pedal-powered vehicles under legislation going to Michigan Gov. Rick Snyder for consideration. The state House on June 18 gave final approval to the two bills. The bills...
Insurers, Bankers Can’t Be Scared Into Doing Right Thing: PwC Survey
Jun 22 2015 // A get-tough approach to poor employee performance, in terms of behavior and reaching targets, risks creating a climate of fear and breeding more unethical conduct in financial services – the opposite of what regulators,...
Mississippi Officials Want U.S. Long-Haul Truck Proposal Squashed
Jun 22 2015 // Mississippi’s transportation commissioners are urging U.S. Sen. Thad Cochran to help squash a proposal that would force the state to allow larger double-trailer trucks on its roads. “I don’t like Congress...
Utah TNC Bill Makes Optional Coverages Mandatory
Jun 18 2015 // When Utah’s brief legislative session came to a close in March, proponents of ridesharing services offered by transportation network companies rejoiced. The state had passed S.B. 294, sponsored by state Sen. Stuart...
No Clear Rescue Plan If Supreme Court Ends Obamacare Subsidies
Jun 18 2015 // Millions of Americans could lose their insurance if the U.S. Supreme Court rules against President Barack Obama on his healthcare law. And with the decision due in the next two weeks, the government has no backup plan. The...
U.S. Vows Commercial Drone Rules Within a Year
Jun 18 2015 // U.S. commercial drone operations could take flight on a large scale by this time next year, as federal regulators finalize rules allowing widespread unmanned aerial system use by companies, according to congressional...
North Carolina Appeals Court Rules UNC Violated Tenure Rules in Professor Firing
Jun 18 2015 // A state appeals court has ruled that the University of North Carolina didn’t follow proper procedures when it suspended and ultimately fired a tenured physics professor convicted of smuggling drugs in Argentina. The...
Florida Governor Signs State Insurance Licensing, Workforce Development Bill
Jun 18 2015 // The Florida Association of Insurance Agents (FAIA) is celebrating the passage of House Bill 1133, a bill it sponsored in cooperation with the Florida Department of Financial Services. Passed overwhelmingly by Florida...
New Vermont Law Makes Child Safety Priority
Jun 17 2015 // Vermont’s new child safety law shifts the state’s priority in protecting children to their well-being from an imperative to reunite them with their families, officials said Monday during the governor’s...
Systemic Risk Panel to Show Lawmakers Why Some Insurers Are Too Big to Fail
Jun 17 2015 // U.S. regulators will disclose to lawmakers more than 1,400 pages of documents explaining why companies such as American International Group Inc. and MetLife Inc. are subject to tougher oversight. The Financial Stability...
Alabama Metro Mayors Paving the Way for Uber in Their Cities
Jun 16 2015 // Mayors in several major Alabama cities are working to clear roadblocks to bring ride-hailing company Uber and others like it to their areas. “If it can work in Nashville, if it can work in Charlotte, then it can work...
North Carolina High Court Rules Duke Energy Has ‘Years’ to Cleanup Coal Ash
Jun 16 2015 // North Carolina’s highest court ruled June 11 that Duke Energy has years to clean up leaking coal ash dumps as outlined by a new state law. The state Supreme Court overruled a lower court judge’s decision that...
DelDOT Announces Approval for Rideshare Firm Uber to Operate in Delaware
Jun 15 2015 // The Delaware Division of Motor Vehicles has announced an agreement between state officials and Uber officially allowing the smartphone-powered private car service to operate in the state under new regulations. Over the...
Judge Rules for Greenberg in Suit Against AIG Bailout But Nixes Damages
Jun 15 2015 // Update: Greenberg Will Appeal AIG Bailout Case Win Over Lack of Damages The U.S. set illegal terms in demanding American International Group Inc. stock for an $85 billion bailout during the financial crisis, but that...
Battle Over Fast-Track Trade Authority Resumes This Week in House
Jun 15 2015 // A raging battle over President Barack Obama’s request for “fast-track” authority central to improving U.S. ties with Asia resumes in the House of Representatives this week when lawmakers are expected to...
Execs Worry More About Tech Costs Than Regulation, Cyber Attacks: Willis
Jun 15 2015 // Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday. IT costs came second only to macroeconomic concerns...
Judge Delays Ex-Massey CEO’s Trial, Keeps Case in West Virginia
Jun 15 2015 // A federal judge has agreed to delay the criminal trial of former Massey Energy CEO Don Blankenship. U.S. District Judge Irene Berger on Friday delayed the trial from July 13 to Oct. 1, The Charleston Gazette reports....
Florida Commissioner McCarty Warns Against U.S. Adopting ‘Bank-Like’ Regulation for Insurance
Jun 15 2015 // Florida Insurance Commissioner Kevin McCarty championed flexible state insurance regulation and warned against “one-size-fits-all” bank-like regulation for insurers in recent testimony before the U.S. Senate...
Florida High Court Rules that Sovereign Immunity Applies to University Athletic Program in Death of Football Player
Jun 15 2015 // A private corporation that runs the University of Central Florida’s athletic program won’t have to pay $10 million to the family of a football player who died during practice, the Florida Supreme Court ruled...
