Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Missouri Judge Says Hospital Corp. Owes Foundation $162M
Jan 28 2013 // Hospital Corp. of America, the largest for-profit hospital chain in the United States, has been ordered to pay a charitable foundation $162 million for failing to spend enough money on capital improvements at the Kansas...
California Wholesalers Fret Over Upcoming Legal Decision
Jan 28 2013 // A pending legal battle that could expose wholesalers in California to more lawsuits was the centerpiece of talk at the California Insurance Wholesalers Association conference in San Diego in mid-January. During the...
Citizens’ Travel Expenses Excessive, Audit Finds
Jan 28 2013 // A review by Florida’s chief inspector general contends that employees at the state-created Citizens Property Insurance racked up excessive travel expenses over an eight-month period. Florida Gov. Rick Scott ordered a...
Surplus Lines Regulatory Picture for 2013
Jan 28 2013 // State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition...
Cyber Liability: Where to Find Cyber Coverage
Jan 28 2013 // The Buyer’s Guide to the Best Possible Cyber Insurance There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber...
Michigan Governor Signs Order Creating New Insurance Department
Jan 28 2013 // Snyder also Supports Auto Insurance Reform; Fraud Prevention In his “State of the State” address in mid-January, Michigan Gov. Rick Synder recognized the importance of the insurance industry in the state,...
Lawmakers Introduce Bills to Address Post-Sandy Concerns
Jan 28 2013 // Legislators in New York and New Jersey have introduced a number of new bills to address some homeowners insurance- related complaints they have been receiving in the wake of Sandy. On Jan. 9, New York legislators have...
In N.J., Opponents File Appeal to Stop New PIP Regulations
Jan 28 2013 // In New Jersey, some medical provider groups and trial lawyers are continuing to mount a legal challenge to new motor vehicle personal injury protection (PIP) regulations. On Jan. 3, New Jersey’s Superior Court denied...
Liability Insurance for Gun Owners?
Jan 28 2013 // As policymakers and legislators around the country continue to examine gun-control ideas, one Massachusetts lawmaker introduced this month what appears to be one of the more novel, out-of-the-box approach: requiring gun...
Number of Insurers Based in Texas ‘Average’ Compared to Size of Market
Jan 28 2013 // The Texas insurance market is ranked the 12th largest in the world in terms of premium volume, but only an “average” number of insurance carriers call the state home, and many of the 400 insurance companies...
New Mexico Weighs Reform of Taxi, Shuttle Regulation
Jan 25 2013 // Lawmakers are proposing to revamp state regulation of taxis and moving companies to potential lower costs for consumers. Reps. Tom Taylor, a Farmington Republican, and Carl Trujillo, a Santa Fe Democrat, are sponsoring the...
Arkansas Lawmakers Advance Guns in Church Bill Minus Insurance Provision
Jan 25 2013 // An Arkansas Senate panel advanced a proposal this week to allow concealed handguns in churches, but rejected an amendment to require places of worship to carry more insurance if firearms are permitted. A House committee...
Florida Regulator McCarty Offers Reform Map to Smaller Citizens Property Insurance
Jan 25 2013 // Florida’s insurance commissioner has proposed a set of reforms designed to return the state-back property insurer to being a residual market, while at the same time offering the private insurance market incentives to...
Virgin Galactic Supports New Mexico Spaceport Liability Legislation
Jan 24 2013 // Virgin Galactic says it supports newly proposed New Mexico legislation to limit liability of spacecraft part suppliers from damage lawsuits by passengers on space tourism flights launched from the state. Virgin Galactic...
Florida Turns to Massachusetts for Health Insurance Advice
Jan 24 2013 // Florida lawmakers considering how to implement the federal health care overhaul sought information this week from two economists on the Massachusetts initiative that served as the blueprint for the national...
Insurance Associations Welcome IMF Report on Brazil Reinsurance Market
Jan 24 2013 // A group of insurance trade organizations – American Council of Life Insurers (ACLI), American Insurance Association (AIA), Association of Bermuda Insurers & Reinsurers (ABIR), General Insurance Association of...
Legislation Would Ban Texting While Driving in Oklahoma
Jan 24 2013 // Legislation filed by state Rep. Curtis McDaniel would increase safety on Oklahoma roads by banning texting while driving, the lawmaker says. House Bill 1503, by McDaniel, would outlaw texting while their vehicle is in...
New NAIC CEO Nelson: ‘No Need for Dual Regulation’
Jan 23 2013 // The new CEO of the National Association of Insurance Commissioners (NAIC) says there is a limited role for the federal government in insurance in partnership with state regulators but there is “no need for dual...
P/C Insurers See ORSA Value to Their Business: Survey
Jan 23 2013 // Many property/casualty insurers are beginning to implement pending Own Risk and Solvency Assessment (ORSA) regulatory requirements in advance of their 2015 effective date and finding the process can be a valuable business...
S&P: Low Interest Rates, Regulation Issues Are Key Insurance Industry Risks
Jan 23 2013 // Standard & Poor’s Ratings Services has issued a new report – “Global Insurance Key Risks And Credit Trends Dominated By Low Interest Rates And Regulation Issues -” which examines how those two...
