Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
W.R. Berkley Corp. Divests, Connecticut Bank Acquires InsurBanc
Apr 8 2013 // InsurBanc — a federal savings bank founded by the Independent Insurance Agents & Brokers of America and W.R. Berkley Corp. a dozen years ago — has joined Connecticut Community Bank N.A., based in Westport,...
Insurance Company Settlement Money to Bolster Louisiana’s Budget
Apr 8 2013 // Louisiana has received $95 million in legal settlements with insurance companies, ending questions about whether the money would roll in for this year’s budget or leave lawmakers scrambling to fill a...
Judge Approves $4M For Libby Asbestos Attorneys
Apr 8 2013 // A state judge says lawyers for victims of asbestos exposure in a contaminated Montana town are entitled to more than $4 million in fees and expenses out of a $19.6 million settlement with chemical manufacturer W.R. Grace...
Remembering 29 Miners Lost in West Virginia Blast 3 Years Ago
Apr 8 2013 // As West Virginians marked the third anniversary of an explosion that killed 29 coal miners Friday, congressional Democrats called the lack of action on tougher mine safety legislation “shameful.” Gov. Earl Ray...
The Right Career Choice for the Next Generation
Apr 8 2013 // The road to becoming a successful independent insurance agent is not always easy. The economy and often volatile property/casualty insurance market cycle are just two of the potholes agents must maneuver. Young agents in...
How Obamacare Could Affect P/C Insurance
Apr 8 2013 // Key changes in federal health care reform remain months away, but property/casualty actuaries are already trying to determine what impact they will have on their business, particularly workers’ compensation and...
Judge: Chicago Firm Can Sue Facebook over ‘Timeline’
Apr 7 2013 // Chicago-based social media company called Timelines Inc. can sue Facebook Inc. over allegations that it violated the smaller firm’s trademark on the word “timeline,” a federal judge ruled. Timelines...
Florida May Scrap No-Fault Auto Insurance Law
Apr 5 2013 // Frustrated by a recent court decision temporarily blocking part of Florida’s no-fault auto insurance law reformed last year, state lawmakers are considering scrapping the entire law. Current proposals would reinstate...
Florida Lawmakers Advance Parasailing Regulations with Insurance Mandate
Apr 5 2013 // A bill to ensure more safety for thrill seekers who soar above Florida’s coastlines while dangling from parachutes has cleared its initial hurdle, winning swift approval from a state Senate panel this week. The...
N.Y. Congresswoman Receives Death Threats Over Gun Liability Insurance Bill
Apr 4 2013 // A New York congresswoman who recently proposed federal legislation that would require gun owners to buy liability insurance said she has been receiving death threats over her proposal. Rep. Carolyn Maloney, D-N.Y., issued...
‘Stranger Liability’ For California Wholesalers Settled, but Not Done
Apr 3 2013 // A few wholesalers groups are breathing a brief sigh of relief following a recent Los Angeles Superior Court decision in a lawsuit involving “stranger liability.” The issue was brought to light in Hull & Co....
Mass. Regulators Received Over 10K Auto Insurance Complaints, Inquiries in 2012
Apr 3 2013 // Massachusetts regulators said 10,729 consumers had contacted the state’s Office of Consumer Affairs and Business Regulation and its insurance division in 2012 with questions and complaints regarding their auto...
Arkansas Legislative Leaders Back Insurance Expansion
Apr 3 2013 // The Republican leaders of the Arkansas House and Senate have endorsed a proposal to purchase private insurance for thousands of low-income workers using federal funds, an idea lawmakers are considering as an alternative to...
Study: California Law to Impact Medical Care For Injured Workers
Apr 3 2013 // The 2012 workers’ compensation regulatory changes in California are expected to affect both the prices and utilization of medical care to injured workers by most types of providers, according to a study by the...
New Mexico Governor Signs Space Travel Liability Bill
Apr 3 2013 // New Mexico Gov. Susana Martinez on Tuesday signed into law liability-waiving legislation aimed at saving the state’s nearly quarter-billion-dollar investment in a futuristic spaceport and retaining its anchor tenant,...
Tennessee Senate Approves Governor’s Workers’ Compensation Claims Change
Apr 3 2013 // Legislation that seeks to change the way injured workers’ claims are considered passed the Senate despite opponents who say it would reduce benefits and remove impartiality from the judgment process. The measure,...
Ascent ‘Ring-Fences’ Cyber Notification Costs to Protect Policy Limits
Apr 3 2013 // Ascent Underwriting, the cyber risks Managing General Agent (MGA) led by Amlin capacity, said it is “to ring-fence cyber breach notification costs separately from its main insurance policy limit to protect small and...
Laws Revamp New Mexico Regulatory Agency, Insurance Office
Apr 1 2013 // Gov. Susana Martinez has approved measures revamping the Public Regulation Commission, including increasing qualifications for future members. Bills signed into law on Friday will transfer the registration of corporations...
Arkansas Chamber of Commerce Backs Insurance Expansion
Apr 1 2013 // Arkansas’ largest business lobbying organization backed a proposal to provide subsidized health insurance to thousands of low-income residents, a move that could help win over lawmakers skeptical of the alternative...
Florida May End Insurers’ Tax Credit
Apr 1 2013 // Florida lawmakers are moving forward with a proposal to eliminate a 15 percent premium tax credit for insurance companies in order to reduce automobile license fees despite strong objections from insurance industry. The...
