Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Arch Insurance Group Launches New Public Company D&O Policy
Nov 9 2012 // Arch Insurance Group, a member of Arch Capital Group Ltd., has launched Arch Essential D&O, a primary policy specifically designed to protect directors and officers from the increasing risk exposures associated with...
State Elections Wrapup: Some Partisan Realignment; 5 Incumbent Insurance Chiefs Win
Nov 8 2012 // Neil Alldredge has been searching for the unifying “theme” in the results of Nov. 6 state elections around the country but he says it has not been easy to identify one. As senior vice president for state and...
Post-Election Congress Expected to Target Crop Insurance
Nov 8 2012 // Federally subsidized crop insurance will be a big target for lawmakers looking to cut the budget deficit in the lame-duck session of Congress opening next week, agricultural policy experts agreed the morning after a...
Election Gamble Backfires for Financial, Energy Firms: Commentary
Nov 7 2012 // “Elections have consequences, and Eric, I won,” President Barack Obama famously told House Republican Whip Eric Cantor shortly after his first inauguration in January 2009. Four years later, Wall Street as well...
State Elections to Decide Insurance Commissioner, Ballot Initiatives, Court Contests
Nov 5 2012 // For the insurance industry, there is more at stake in the Nov. 6 election than who goes to or stays in the White House and Congress. The insurance industry will be watching who wins the gubernatorial races in 11 states,...
Surplus Lines: Regulators Vetting of Alien Nonadmitted Insurers
Nov 5 2012 // The National Association of Insurance Commissioners (NAIC) acts as the trade association for state insurance commissioners. The Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) delegated to the NAIC responsibility for...
Florida Workers’ Comp Rates Going Up
Nov 5 2012 // Florida Insurance Commissioner Kevin McCarty said he will approve a 6.1 percent rate increase to become effective January 1, 2013 for workers’ compensation. The decision was based on a filing submitted for insurers...
Businesses Call for Controls on Litigation Funding Firms
Nov 5 2012 // A business lobby group wants the U.S. Congress to regulate companies that provide financing for commercial lawsuits, describing the practice as “coercive enterprise.” The U.S. Chamber of Commerce Institute for...
Texas Lawmaker: TWIA’s Ike Litigation Costs Still Rising
Nov 5 2012 // Texas’ insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to 2008’s Hurricane Ike, one state lawmaker says. Information released by Rep. Larry...
Will Regulatory Reform Trigger Doomsday for Captives?
Nov 5 2012 // If you’re startled by this headline, you’re not alone. Until recently, the words “reform” and “captive” were rarely used in the same sentence. That’s because captive insurance...
Report: FDA Needs New Authority Over Compounding Pharmacies
Nov 5 2012 // The U.S. Food and Drug Administration’s power to regulate compounded drugs similar to those linked to a deadly meningitis outbreak is legally nonbinding and lacks the authority of stringent standards imposed on drug...
Hospital, Physician Professional Liability Undergoing Change: Aon
Nov 5 2012 // The way health care is delivered and financed is undergoing major change, and this is reshaping the risks that hospitals and physicians face on a daily basis. Among other challenges, hospital risk managers are grappling...
Trade Sanctions and Risk Management
Nov 5 2012 // The U.S. government has increasingly used laws and regulations that impose economic sanctions on others as an instrument to advance foreign policy and national security goals, with some recent efforts aimed at putting...
Superstorm Sandy Will Test Federal Flood Insurance Program
Nov 2 2012 // Superstorm Sandy is threatening to drag the U.S. government’s debt-ridden flood insurance program back into the political crosshairs just months after Congress attempted to put the controversial program on a sound...
Kentucky Judge Grants Christians-Only Medi-Share Reprieve Until January
Nov 2 2012 // A Christians-only health insurance plan will be allowed to continue coverage for Kentucky members until Jan. 1. Franklin County Circuit Judge Thomas Wingate made that decision on Wednesday. It means some 800 Kentuckians...
Investors Skirt New Shorting Curbs to Bet on European Union Woes
Nov 2 2012 // New rules to stop speculators making Europe’s debt crisis worse by betting on government bond defaults are prompting investors to find alternative ways to insure against or profit from bad news in the region. Credit...
Oklahoma Prepares for Open Carrying of Firearms
Nov 1 2012 // With Oklahoma preparing for a much-debated new law that allows people to carry their previously concealed firearms out in the open, state officials say they’ve seen a big increase in the number of residents seeking a...
Texas Lawmaker: Windpool’s Ike Litigation Costs Still Rising
Oct 29 2012 // Texas’ insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to Hurricane Ike, which struck in 2008, one state lawmaker says. Information released by...
FDA Needs New Authority Over Compounding Pharmacies: Report
Oct 29 2012 // The U.S. Food and Drug Administration’s power to regulate compounded drugs similar to those linked to a deadly meningitis outbreak is legally nonbinding and lacks the authority of stringent standards imposed on drug...
New Mexico Court Rules Against Family Given Brain In Bag
Oct 26 2012 // A family can’t bring damage claims in New Mexico against an out-of-state funeral home that placed a relative’s brain in a casket with an embalmed body shipped to New Mexico, the state Court of Appeals ruled...
