Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
European Insurers Shifting Investments Into Loan Market, Acting Like Banks: Moody’s
Apr 9 2014 // European insurers such as Allianz SE and Axa SA are shifting investments into the loan market, taking business from banks that are being forced to increase capital and meet tougher regulations, Moody’s Investors...
Judge Orders 8 Year Sentence for Arson at San Antonio Denny’s
Apr 9 2014 // A man who complained about alleged slow service at a Denny’s in South Texas must serve eight years in prison for starting the restaurant’s Christmas tree on fire. The San Antonio Express-News reports a judge...
Prisoner Entitled to Workers’ Compensation Benefits, Mississippi High Court Rules
Apr 8 2014 // A former utility worker who lost his hands when he was shocked by power lines can receive workers’ compensation, even though officials argued he tried to hurt himself to avoid a homicide investigation, the...
Judge Awards Utah Woman $250K In Dog Bite Suit
Apr 8 2014 // A judge has ruled in favor of an Ogden, Utah woman in a lawsuit over a severe dog bite. Second District Judge Mike DiReda found that Sara Loving was owed $250,000 in damages from defendants James and Cindy Davis for...
Florida Lawmakers Eye Regulations for Unlicensed Health Clinics
Apr 8 2014 // There is one simple way for a Florida medical clinic to avoid being licensed and undergoing an annual inspection: Don’t accept insurance. A bill moving through the Legislature would close that loophole for so-called...
China Relaxation of Insurance M&A Rules Could Invite More Global Firms
Apr 8 2014 // China’s decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market. Beijing would allow insurers, including...
New York DFS Becoming ‘National Player’ Among Insurance, Banking Regulators
Apr 7 2014 // On a June morning in 2012, New York bank examiners paid surprise visits to the offices of Ocwen Financial Corp., the biggest non-bank mortgage servicer. That break with tradition — examiners typically set up...
Florida Senate Passes Parasailing Insurance Bill
Apr 7 2014 // Parasailing in Florida moved closer to becoming a regulated industry lat week, with the Senate approving a bill that would place safety guidelines on companies. The legislation details insurance, equipment and license...
Florida Sees Drop in Auto No-Fault Questionable Claims
Apr 7 2014 // A national study found that Florida has seen its first decrease in questionable automobile claims since state lawmakers rewrote the no-fault law in 2012. The National Crime Insurance Bureau conducted the report that looked...
Delaware Bill Adds Teeth to Certificate of Insurance Rules
Apr 7 2014 // Delaware legislature on March 25 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...
With Fix for Flood Insurance Program Deficit Delayed, Now What?
Apr 7 2014 // There’s no easy fix for the National Flood Insurance Program, now drowning in a $24 billion sea of red ink. But experts and advocates say Congress does have some options that could make the troubled program...
With Fix for Flood Insurance Program Deficit Delayed, Now What?
Apr 7 2014 // There’s no easy fix for the National Flood Insurance Program, now drowning in a $24 billion sea of red ink. But experts and advocates say Congress has options that could make the troubled program financially stable,...
Backers Drop Arizona Legislation on Workers’ Comp Benefits
Apr 7 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 in the Arizona Legislature. Supporters...
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...
