Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
P/C Industry Supportive But Cautious on Federal Insurance Office Recommendations
Dec 13 2013 // Insurers, agents, brokers and state regulators welcome modernization and improvements in the current regulation of insurance, but are not so welcoming of changes that might invite regulation by the federal government. The...
Ascent Launches Medical Billings E&O Coverage for U.S. Healthcare Professionals
Dec 13 2013 // Ascent Underwriting, the Managing General Agent (MGA) specialising in emerging risks, has launched a medical billings errors & omissions insurance product specifically aimed at U.S. healthcare professionals. CyberPro...
Gun Group, North Carolina Locals At Odds Over Firearms in Playgrounds
Dec 13 2013 // When North Carolina lawmakers approved a bill expanding where concealed weapons are legally allowed, it created a dilemma for communities that had banned firearms from playgrounds. To comply with the legislation, some...
Federal Insurance Office Releases Long-Awaited Modernization Report
Dec 12 2013 // After nearly two years of delay, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its report on how to modernize and improve the system of insurance regulation in the United...
Insurance Shows That Federalism Works
Dec 12 2013 // Fifty-four years ago, the Advisory Commission on Intergovernmental Relations was established by statute to examine the best or most logical accommodations of federalism. For many years, it held quarterly meetings in the...
Florida Commissioner Announces Appointment of Chief of Staff, Deputy Chief of Staff
Dec 11 2013 // Florida Insurance Commissioner Kevin McCarty announced Rebecca Matthews has been appointed chief of staff for the state’s Office of Insurance Regulation. Matthews has been serving in the interim chief of staff...
Big Brains at Big ‘I’, Insurance Information Institute Give Their Take on 2014
Dec 11 2013 // Most economists are upbeat about next year, but just what does that mean for insurance agents in 2014? For independent agents 2013 was a year in which one entity forecasted their eventual demise, and for the rest of the...
Indiana Steelworkers Await High Court Ruling on Pay for Donning Protective Gear
Dec 10 2013 // A group of Indiana steelworkers is awaiting a U.S. Supreme Court decision on when the clock starts on their shifts at U.S. Steel Gary Works. The nation’s highest court recently heard arguments in a case filed by...
Judge Blocks BP Investors from Suing as Group Over Losses
Dec 9 2013 // BP Plc’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court...
Glass-Steagall Firewall Could Return If Volcker Rule Disappoints
Dec 9 2013 // Five U.S. agencies will finish the Volcker rule tomorrow after more than three years of Wall Street resistance to its limits on trading and investing. Lawmakers and their allies who want to rein in big banks are ready to...
AIA Supports Curbing Physician-Dispensed Medications in Penn. WC System
Dec 6 2013 // The American Insurance Association (AIA) submitted a statement Wednesday to the Pennsylvania House Labor Committee, in support of state legislation aimed at controlling costs associated with physician dispensing of...
Proposal to Raise Gift Allowance from Lobbyists Raises Concern in Oklahoma
Dec 6 2013 // A plan to increase by 500 percent the amount in meals and other gifts that a lobbyist can give to a legislator in Oklahoma each year is raising concerns from a public watchdog group and some state legislators over the...
Obama Product Safety Chief Tenenbaum Returns to South Carolina
Dec 6 2013 // After four years in Washington as the nation’s products safety czar, Inez Tenenbaum is coming home to the Columbia area, her life changed in ways large and small. “Now I’m always giving advice unsolicited...
House Passes Bill to Curb Patent Lawsuits
Dec 5 2013 // The U.S. House passed legislation to rein in some patent lawsuits that technology companies say could reduce the time they spend fighting such suits in court. The vote today was 325-91, with 27 Republicans and 64 Democrats...
Lawsuits Challenging Obamacare Cite Religion, Tax Issues
Dec 5 2013 // Hours after the University of Notre Dame filed a religious challenge to the U.S. health-care overhaul in Indiana federal court, a judge in Washington heard arguments in a lawsuit assailing tax provisions of the...
Flood of Regulations Coming from Obama Administration
Dec 5 2013 // Over the next 12 months, the Obama administration is due to issue regulations governing everything from e-cigarettes to smoke-stack emissions in what experts predict will be a second-term rush to put rules in place before...
Left and Right Are Both Wrong About Regulation: Viewpoint
Dec 5 2013 // In 1981, President Ronald Reagan instructed federal agencies that they could issue regulations only after demonstrating that their benefits justified their costs. With modest changes, Reagan’s successors, both...
Metro-North Crash Seen Thwarting Delay of Automatic Braking
Dec 4 2013 // The deadly train derailment in New York City may force railroads to install automatic brakes by 2015 and dash industry efforts to put off adding the technology by five years. The Metro-North Railroad wreck may persuade...
Missouri Sued Over Limits on Health Reform Advice
Dec 3 2013 // A coalition of medical organizations and health care advocates has sued Missouri over its requirement that only state-licensed counselors can serve as navigators in a program aimed at helping consumers sign up for coverage...
Judge Orders Mississippi Greyhound Bus Claim Update
Dec 3 2013 // Greyhound Bus Lines Inc. and a woman who sued the company over a 2008 accident in south Mississippi have until Friday to advise the judge of any settlement they reach in the case. Megan Clancy sued Greyhound in Jackson...
