Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
Southern States Still Opposed to Obamacare
Apr 1 2013 // As more Republicans give in to President Barack Obama’s health-care overhaul, an opposition bloc remains across the South, including from governors who lead some of the nation’s poorest and unhealthiest...
UK’s New Regulators Take Over; FCA Now Responsible for Insurance Sector
Apr 1 2013 // In a move that is certainly not an April Fool’s Day joke, the Financial Services Authority (FSA), which has been responsible for regulating the UK’s financial services industry since 1997, including insurance...
Post Office to Run Flood Insurance Program
Apr 1 2013 // Congress has authorized the National Flood Insurance Program (NFIP) for an extended period of six months, or until the next unscheduled primary, whichever occurs first. As part of the compromise worked out between...
Missouri House Passes Medical Provider Liability Limit
Apr 1 2013 // The Missouri House has approved legislation seeking to reinstate a cap on some damages in medical malpractice lawsuits that the state Supreme Court struck down last summer. Doctors say the cap helps control malpractice...
Big Banks Win Dismissal of Most LIBOR Rate Rigging Claims
Mar 31 2013 // The world’s biggest banks won a major victory on Friday when a U.S. judge dismissed a “substantial portion” of the claims in private lawsuits accusing them of rigging global benchmark interest rates. The...
Court Nixes IRS Bid to Reinstate Rules for Tax Preparers
Mar 29 2013 // The U.S. Internal Revenue Service this week lost a request to prevent the partial shutdown of its tax return preparer regulatory program pending an appeal. In a one-page ruling, the U.S. Court of Appeals for the District...
State Insurance Regulators Renew Pact with Chinese Regulators
Mar 29 2013 // U.S. insurance regulators will continue a program of information sharing and cooperation that helps their counterparts in China learn about insurance regulatory practices in the U.S. The National Association of Insurance...
