Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Conn. Gov.: When It Comes to Insurance Regulation, States Are Here to Stay
May 14 2014 // Speaking at the National Association of Insurance Commissioners’ International Insurance Forum, Connecticut Gov. Dannel P. Malloy told a crowd of U.S. and international regulators and insurance representatives that...
Sprinkler Clause Adds Wrinkle To Minnesota Bonding Debate
May 14 2014 // When it comes to the $846 million construction borrowing package being debated at Minnesota’s Capitol, many wonder if it’s it too big to fail. Or in the case of Gov. Mark Dayton, is too big to veto? Dayton...
Judge Strikes Down N.Y. Attorney General’s Subpoena for Airbnb User Data
May 14 2014 // New York’s investigation into whether Airbnb Inc. allows users to run illegal hotels hit a setback when a judge ruled that a request for information about the service’s rental home providers was too...
Players Association Lambasts New Orleans Saints-Backed Workers’ Comp Bill
May 12 2014 // The NFL Players Association is launching a campaign aimed at defeating the New Orleans Saints’ bid to change state law pertaining to workers’ compensation claims by players. NFLPA executive director DeMaurice...
Bill Would Give Tax Relief to Small, Rural P/C Insurers
May 12 2014 // About 600 small mutual property/casualty insurers serving rural communities would get a tax break under federal legislation filed last week in Congress. Introduced by Reps. Erik Paulsen, R-Minn., Ron Kind, D- Wis., and...
Republicans Fear U.S. ‘Surrender’ to International Group on Systemic Risk Designations
May 12 2014 // A group of Republican lawmakers demanded documents on Friday from U.S. regulators, voicing concerns that decisions about whether to designate large financial companies as systemically risky are unduly influenced by an...
CME, SIX to Provide Collateral Management Services to Swiss Insurers
May 12 2014 // CME Group Inc.’s European clearinghouse and SIX Group’s central-securities depository have agreed to offer an integrated collateral-management service to insurance companies operating in Switzerland. Once the...
Critics Say Financial Stability Council’s Transparency Falls Short
May 8 2014 // The U.S. financial risk council adopted new transparency measures on Wednesday, after critics raised concerns the group was too secretive about its decision-making process. In a unanimous vote, the Financial Stability...
U.S. Report: Climate Change Here, Deal With It
May 6 2014 // Climate change is in the here and now, according to a massive report issued on Tuesday. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for...
Louisiana Lawmakers at Odds on Gender Pay Gap
May 6 2014 // Democrats in Louisiana want to make unintentional pay discrimination based on gender illegal for private businesses, a move they believe will help bridge the wage gap. Republicans think the move is unnecessary and will...
West Virginia Judge Allows City’s Chemical Spill Investigation to Continue
May 5 2014 // A Putnam County judge has ordered a Hurricane landfill where wastewater from a Charleston chemical spill was dumped to produce documents sought by the city of Hurricane in its investigation. Circuit Judge Phillip Stowers...
Florida Supreme Court Leaves PIP Reforms Intact
May 5 2014 // The Florida Supreme Court has declined to review the state’s no-fault automobile insurance personal injury protection (PIP) reforms that were designed to lower the cost of the coverage by targeting fraud and...
NCCI Reports on Workers’ Comp Legislative Outlook
May 5 2014 // The National Council on Compensation Insurance Inc. (NCCI) published on April 8 its annual workers’ compensation issues report. Included in the report is a legislative and regulatory outlook across the country. The...
R.I. Begins Allowing Digital Proof of Auto Insurance
May 5 2014 // Rhode Island Gov. Lincoln Chafee has signed into law legislation allowing motorists in Rhode Island to use their smartphones to offer police proof they have auto insurance. The bills sponsored by Sen. William Conley Jr....
Vermont’s Updated Law Offers ‘Welcome Option’ for Inactive Captives
May 5 2014 // Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status. Vermont regulators said this latest modification reflects the state’s...
Iowa Commissioner Gerhart: Something for Everybody at the Global Insurance Symposium
May 5 2014 // The state of Iowa on May 20-22 will host its first-ever Global Insurance Symposium, a privately funded event that aims to bring insurance professionals and regulators from around the world together to discuss the...
Insurance in the Sharable Economy
May 5 2014 // The new sharable economy is growing across the country, and one question looms large: What are the insurance implications? Homeowners and renters understand the types of insurance they need and where they can buy coverage....
Coal Companies Challenge Black Lung Mining Regulation
May 4 2014 // More than a dozen coal companies, including a unit of Patriot Coal Corp., challenged a new federal mine-safety regulation aimed at reducing black lung disease, with some arguing the objectives are unattainable. The...
Florida Revises Insurer Solvency Review Process
May 4 2014 // The Florida legislature has approved legislation setting out new insurer solvency requirements while also requiring individuals to disclose information about any affiliated company. Sponsored by Senator David Simmons...
Missouri Law Bars Contractors from Paying Deductibles on Commercial Property
May 2 2014 // Missouri lawmakers have given final approval to legislation that supporters say is aimed at protecting commercial property. A 2011 Missouri law bars residential contractors who fix roofs or complete other exterior repairs...
