Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
N.Y. Lawmakers Urge Passage of Pregnancy Accommodation Bill
Jun 4 2014 // A bipartisan group of lawmakers in the New York State Legislature is urging passage of a bill that would accommodate the needs of pregnant women in the workplace. The measure would require employers to provide reasonable...
Illinois Passes Rideshare Legislation with Insurance Component
Jun 3 2014 // The Illinois Legislature passed legislation this session that provides for regulating transportation networking companies (TNCs) and closing insurance gaps, according to the Property Casualty Insurers Association of...
Fed Adds Ex-Regulator to Oversee Systemic Risk Insurers
Jun 3 2014 // The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a council of regulators identified for tougher scrutiny last year. Thomas Sullivan, who led the...
MetLife Unwavering in Battle Over Systemic Risk Rules
Jun 3 2014 // Steven Kandarian got MetLife Inc. out of banking to escape Federal Reserve oversight. Now, the insurer is fighting again to avoid the central bank’s reach. Kandarian, MetLife’s chief executive officer, has...
Industries Want West Virginia to Delay Storage Tank Regulations
Jun 2 2014 // Months after state officials approved a law to safeguard against chemical spills, West Virginia industry groups want some requirements delayed and some of their storage tanks shielded from added oversight. Though the new...
Best Upgrades State Farm General’s ICR; Affirms State Farm and Subs FSR’s
Jun 2 2014 // A.M. Best has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of State Farm General Insurance Company, and...
Professional Sports Teams Looking for Terrorism Insurance Win in Congress
Jun 2 2014 // Renewal of a U.S. terrorism insurance plan is gaining momentum in Congress, thanks to some big-league backing from a coalition that includes professional football, baseball, basketball and hockey leagues. The sports...
The Importance of Having an Integrated Services Solution
Jun 2 2014 // U.S. multinational businesses are increasingly seeking opportunities in new regions of the world, expanding outside of the United States and continental Europe into sub-Saharan Africa, Asia and Latin America. As their...
Conn. Governor Defends State-Led Insurance Regulation
Jun 2 2014 // Connecticut Gov. Dannel P. Malloy recently told a crowd of U.S. and international regulators that when it comes to insurance regulation, states are “here are stay” and that the states – not the federal...
N.Y. Seeks More Rules for Investment Firms’ Buys of Insurers
Jun 2 2014 // The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in...
Delaware Lawmakers Eye Workers’ Comp Rates
Jun 2 2014 // Delaware lawmakers are expected to act quickly on recommendations from a state task force aimed at lowering workers’ compensation insurance rates. The task force presented lawmakers a report on May 15 proposing that...
North Carolina Wants Shorter Sea Level Forecast
Jun 2 2014 // A North Carolina commission is asking scientists to only make a 30-year prediction of how fast the ocean will rise off the state’s coast. The N.C. Coastal Resources Commission caused an uproar in 2010 when its...
Small, Rural P/C Insurers Seek Tax Change
Jun 2 2014 // About 600 small mutual property/casualty insurers serving rural communities would get a tax break under federal legislation filed last month in Congress. Introduced by Reps. Erik Paulsen, R-Minn., Ron Kind, D- Wis., and...
Court Rules Against Ohio Workers’ Comp Agency in Overcharge Case
Jun 2 2014 // The director of Ohio’s insurance fund for injured workers said he’s disappointed with an unusually pointed appeals court decision that says the fund overcharged employers by hundreds of millions of...
Ohio Insurance Director: New Insurance Reforms Benefit Consumers
May 30 2014 // Lieutenant Governor and Department of Insurance Director Mary Taylor says the passage of reforms to Ohio’s insurance law will help maintain the strength and competitiveness of Ohio’s insurance marketplace while...
N.Y. Orders Narragansett Bay Insurance to Pay $327,400 Fine
May 29 2014 // New York Gov. Andrew Cuomo’s administration announced today that Narragansett Bay Insurance Company will pay a $327,400 penalty for failing to perform timely inspections of Superstorm Sandy damage claims as required...
New Orleans Saints’ Workers’ Comp Bill Dies in Legislature
May 29 2014 // Louisiana state lawmakers are getting out of a dispute between New Orleans Saints owner Tom Benson and the NFL team’s players about how to handle workers’ compensation claims for professional athletes. Rep....
Judge Rejects Ex-AIG CEO Greenberg’s Bid to Avoid Trial
May 28 2014 // A New York state judge has rejected a request by Maurice “Hank” Greenberg, the former American International Group Inc. chief executive officer, to dismiss a long-running civil lawsuit by the state’s...
PCI Backs Ride Sharing Rules in Columbus, Wants Chicago to Wait
May 28 2014 // A property/casualty insurance trade group is supporting proposed ride sharing regulations in Columbus, Ohio, but is urging the city council in Chicago, Ill., to delay action on proposed rules in that city. The Property...
Judge Reinstates Harper Lee’s Suit Against Alabama Museum
May 28 2014 // A federal judge has reinstated a lawsuit that “To Kill a Mockingbird” author Harper Lee filed against a museum in her hometown of Monroeville, Alabama. U.S. District Judge William Steele signed an order...
