Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Insurer Plans IPO Despite Not Making Profit Yet
Oct 21 2013 // NMI Holdings Inc., the mortgage guarantor backed by Kyle Bass, Carlyle Group LP and BlueMountain Capital Management LLC, is seeking to be the first U.S. insurer since 2009 to file an initial public offering without posting...
Insurer Complaints
Oct 21 2013 // It’s no surprise that claims handling ranks in the top 10 when it comes to insurer complaints, but producer licensing issues also appear to be a top grievance. According to a new report by Waltham, Mass.-based...
Is Private Market an Option for Florida Flood Insurance?
Oct 21 2013 // With thousands of Florida homeowners facing significant increases in their federal flood insurance premiums, state lawmakers are considering ways to open up the market to private insurers. Industry experts, however, say...
Florida Enters Era of Workers’ Compensation Market Stability
Oct 21 2013 // Florida’s workers’ compensation system has reached a rare state of rate stability, according to insurers and officials. The agency, the National Council on Compensation Insurance, filed for a one percent...
Louisiana High Court Strikes Down Immigrant Driver Law
Oct 18 2013 // The Louisiana Supreme Court has struck down a state law that made it a crime for people who aren’t U.S. citizens to drive here without carrying proof of their immigration status. The divided court ruled that the...
Kansas Judge Says Test in DUI Case Can Be Suppressed
Oct 18 2013 // A Douglas County judge has ruled that a blood test from a DUI case in Lawrence, Kan., will be suppressed, rejecting the state’s argument that the test was lawful. Douglas County District Judge Kay Huff granted Julian...
Florida Highway Trooper Wants Name Cleared in Lawmaker Ticketing Case
Oct 18 2013 // A Florida Highway Patrol trooper who got in trouble over giving breaks to state legislators wants an appeals court to clear his name. An attorney for Trooper Charles Swindle said that Swindle was appealing to the 1st...
Allianz CEO Says New Regulation to Create Room for Acquisitions
Oct 17 2013 // Allianz SE’s CEO Michael Diekmann said tougher financial regulation will create takeover opportunities for Europe’s biggest insurer. “If Solvency II and Basel III mean more capital, then it’s hard...
Connecticut Announces Its 3rd Licensed Captive Insurance Company
Oct 16 2013 // Connecticut Gov. Dannel P. Malloy announced last week that the corporate owner of one of the largest grocery store chains in New York City is setting up its captive insurance subsidiary in Connecticut. The Red Apple Group,...
Mass. AG Proposes Limiting Amount of Mandatory Flood Insurance for Homeowners
Oct 16 2013 // In an effort to assist homeowners facing significant flood insurance increases due to FEMA’s updated and expanded flood zone maps, Massachusetts Attorney General Martha Coakley and the House Speaker Robert DeLeo have...
Florida Supports Mississippi Suit Against Flood Insurance Hikes
Oct 16 2013 // Florida officials plan to file a brief in support of Mississippi’s lawsuit against the federal government in an attempt to block flood insurance rate hikes called for under recent reform legislation. Gov. Rick Scott...
Rural Groups Push Back on Crop Insurance Cuts
Oct 16 2013 // Rural groups say they’ll fight a proposed $100 million-a-year cut in crop insurance subsidies, a measure that has won the support of both houses of Congress and could be a test of agriculture’s influence in...
Interesting but Quiet Year for California Lawmakers on Workers’ Comp
Oct 15 2013 // After the behemoth workers’ compensation reform law passed in 2012, state lawmakers this year enacted only a handful of measures that may affect or relate to workers’ compensation. Bills signed by Gov. Jerry...
IAIS Plan for Re/Insurers’ Systemic Risks ‘Debatable’ Says UK Expert
Oct 15 2013 // “The IAIS, with its proposal for additional risk-adjusted capital rules for major re/insurers, seems to be joining the regulatory bandwagon for seeing these as a potential source of threat to the global financial...
Rhode Island Lawmakers Get Grim Report on Sea Level Rise
Oct 14 2013 // Sea levels will rise in Rhode Island by as much as 5 feet as climate change reshapes the coastline over the next century, the state’s top coastal resource official told lawmakers on Oct. 10. In a grim presentation to...
With Rate Hikes Looming, Florida Weighs Private Flood Insurance Options
Oct 11 2013 // With thousands of Florida homeowners facing significant increases in their federal flood insurance premiums, state lawmakers are considering ways to open up the market to private insurers. Industry experts, however, say...
Judge Temporarily Halts New York AG Suit Against Greenberg
Oct 11 2013 // Former American International Group (AIG) Chief Executive Maurice “Hank” Greenberg on Thursday won a short reprieve from New York’s case accusing him of orchestrating sham transactions at AIG. State...
Connecticut Police Use New Law to Target Distracted Driving
Oct 11 2013 // Connecticut Police are cracking down on motorists who text or use a hand-held cellphone while driving. Authorities call it “high-visibility enforcement” intended to call attention to a state law that took...
Judge Blocks Tennessee Rules on Health Navigators
Oct 10 2013 // A federal judge has blocked the state of Tennessee from enforcing emergency rules for people who advise others about the new health insurance exchange. The Tennessean reported that U.S. District Judge Todd Campbell issued...
Zurich Launches Side A D&O Coverage for Corporate Leaders in the U.S. and Abroad
Oct 10 2013 // Zurich has introduced a new Side A D&O policy that addresses the evolving litigation landscape and provides coverage for liability exposures in the global marketplace, including China, Brazil, Mexico, Japan and India....
