Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Declarations
Apr 7 2014 // Consumer Recoveries “We are constantly working to streamline regulations, cut red tape and expand the banking and insurance markets, but when our licensees violate our laws and regulations, we take action and hold...
P/C Reinsurance Market Softer Due to Alternative Capital: Execs
Apr 7 2014 // A new survey from Towers Watson confirms that more than half (55 percent) of property/casualty insurance chief financial officers believe the property reinsurance market is softer than the primary market, while about...
Canadian Pacific Backs Insurance Mandate for Firms Shipping Oil by Rail
Apr 4 2014 // Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada’s second-largest rail operator...
West Virginia Storage Tank Safety Bill Signed Into Law
Apr 4 2014 // West Virginia Gov. Earl Ray Tomblin has signed legislation imposing new safeguards on above-ground storage tanks and water systems in response to a Jan. 9 chemical spill in Charleston. The Water Resources Protection Act...
U.K. Financial Markets Watchdog Under Fire for Insurance Leak
Apr 3 2014 // The U.K.’s top financial conduct watchdog’s first birthday today was marred by complaints from the government and lawmakers about its handling of a leak that sent shares in insurance companies tumbling last...
GM CEO Barra Has Few Answers on What Went Wrong
Apr 2 2014 // General Motors Co CEO Mary Barra on Tuesday called her company’s slow response to faulty ignition switches linked to at least 13 deaths “unacceptable,” but could not give U.S. lawmakers many answers as to...
Federal Judge in Pittsburgh Orders $1.54B Payout in Marvell Patent Verdict
Apr 1 2014 // A federal judge ordered Marvell Technology Group Ltd to pay nearly $1.54 billion for infringing two hard disk drive patents held by Carnegie Mellon University, nearly one-third more than a jury had previously awarded. In a...
Judge Cuts Billionaire Koch’s $12M Award in Fake Wine Case to $1M
Mar 31 2014 // Billionaire William Koch’s $12 million damages award in a lawsuit accusing a fellow wine collector of selling counterfeit Bordeaux was reduced by a U.S. judge to a little less than $1 million. The punitive damages a...
Poll’s Preemptive Strike Against Colorado Rideshare Bill
Mar 31 2014 // Days before a key vote in Colorado Legislature on ridesharing regulation a large insurer has come out with a poll that shows the majority of Coloradans believe rideshare companies should cover their drivers with commercial...
Arizona Joins Fray Over Ridesharing Services
Mar 31 2014 // Arizona has joined a number of states debating how to regulate so-called ridesharing programs that have popped up around the country and riled traditional taxi and limousine establishments. An amendment to an unrelated...
South Dakota Judge: No Dismissal of $1.2B ‘Pink Slime’ Defamation Suit
Mar 31 2014 // A South Dakota judge has refused to throw out a defamation lawsuit against ABC related to its coverage of a meat product called lean, finely textured beef, which critics have dubbed “pink slime.” Beef Products...
Wisconsin Governor Signs Controversial Asbestos Lawsuit Bill
Mar 31 2014 // Gov. Scott Walker quietly signed into law a bill that critics say would delay and deny justice to those who seek damages in court after falling ill from exposure to asbestos. The asbestos bill, which was introduced last...
Scooter Law Stronger in Indiana but Still No Insurance Requirement
Mar 31 2014 // Drivers of motorized scooters in Indiana will face tighter regulations under a measure signed into law by Gov. Mike Pence, although an insurance requirement is not among them. The new law will require scooter operators to...
Life Insurers Flock to ‘Easy’ Iowa As More Federal Oversight Looms
Mar 28 2014 // After Symetra Financial Corp. was formed in 2004, the life insurer set up shop in a 25-story glass tower outside Seattle, put its name on the building and pushed the state to adopt more favorable rules for its...
Rideshare Questions Linger in California
Mar 27 2014 // While Insurance Commissioner Dave Jones has recommended that insurance should be required to cover the “app on, no match” period when rideshare drivers are between fares, that doesn’t seem to have ended...
R.I. Regulators: Insurers Must Pay ‘Fair Market Value’ for Total Loss Vehicles
Mar 27 2014 // Rhode Island’s Department of Business Regulation, Insurance Division, issued a bulletin Monday stating that pursuant to the state law, auto insurers must pay the “fair market value” for a vehicle that is...
Rideshare Services Regulation Bill Filed in Illinois
Mar 27 2014 // A dispute among taxi companies, Chicago officials and rideshare companies such as Uber, Lyft and Sidecar is about to welcome one more player: state lawmakers who say the rideshare industry needs to play by the same rules...
Delaware’s New Legislation Adds Teeth to Certificate of Insurance Regulations
Mar 27 2014 // Delaware legislature on Tuesday passed HB 104 (“An Act to Amend Title 18 of the Delaware Code Relating to Certificates of Insurance”) that aims to curtail the improper use of certificates of insurance. Delaware...
Backers Drop Arizona Legislation On Workers’ Comp Benefits
Mar 27 2014 // Business-backed legislation to prohibit workers from filing lawsuits alleging they were unfairly denied workers’ compensation benefits for on-the-job injuries is going nowhere at the Arizona Legislature. According to...
Kansas Parents Want Stricter Day Care Regulations, Insurance Requirement
Mar 26 2014 // A Wichita, Kan., couple whose son died while at day care is using their tragedy to push for stronger regulations of day care providers. Brock and Christina Mosier won a $950,000 judgment against day care provider Karin...
