Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Allstate to Exit Banking Business
Feb 9 2011 // The Allstate Corp., the nation’s largest publicly held personal lines insurer, is getting out of the banking business. Discover Bank, a division of Discover Financial Services, is purchasing the $1.1 billion deposits...
Insurers Oppose South Carolina Bill on Construction Defects
Feb 9 2011 // Insurers have come out against a move by South Carolina lawmakers to extend general liability policies to include construction defects. The Property Casualty Insurers Association of America (PCI) says such a move would add...
Wisconsin Senate to Take up Car Insurance Legislation
Feb 8 2011 // Minimum levels of car insurance that were increased two years ago would drop back down again under a bill up for a vote in the state Senate. Trial lawyers fought for the changes approved by the Democratic-controlled...
Florida Senate Committee Postpones Vote on Property Legislation
Feb 8 2011 // For the second straight week, the Florida Banking and Insurance Committee failed to reach a final vote on its comprehensive property insurance bill. The delay comes as committee members remain bogged down over how to...
Florida Senate Looking to Expand Commercial Deregulation
Feb 8 2011 // The Florida Senate and Banking Insurance Committee has approved a bill that would deregulate a variety of commercial lines of insurance by allowing insurers to offer the coverage without first obtaining the Office of...
Aon Warns UK Businesses Face Threat from Environmental Legislation
Feb 8 2011 // UK businesses are “dangerously exposed to the possibility of heavy fines under the latest UK and EU legislation regarding environmental liability,” according to Aon. The bulletin added that in order to help...
Declarations
Feb 7 2011 // Seeking Revenue “Given the difficult economy, it is understandable why the city of Sacramento is looking for new revenue sources. However, putting this burden on out-of-town drivers is unfair.” —Sam Sorich,...
Court Sides with Florida Regulator Over Texas Insurer
Feb 7 2011 // A Texas-based workers’ compensation insurer has lost its appeal of rulings by the Florida insurance commissioner that have blocked it from doing business in the state. On Jan 20, without explanation, a three-judge...
Regulatory Uncertainty Impeding Economic Recovery
Feb 7 2011 // The goal of today’s hearing is to take a step back and look at the economy from two points of view. First, the economy as it is perceived by economists and academics through the lens of their historical analysis and...
Declarations
Feb 7 2011 // Oil Spill Prevention “We must ensure that we have systems in place in our government and in the industry so that this cannot happen again.” —U.S. Senate Energy and Natural Resources Commission Co-Chair Sen....
P/C Insurers Like Some of Obama’s Plans
Feb 7 2011 // Property/casualty insurers found things to like in President Obama’s State of the Union speech that was largely focused on the economy and business. Medical malpractice reform, regulatory review, and trade agreements...
Wash. lawmakers Wade into Red-Light Camera Debate
Feb 4 2011 // Washington lawmakers are wading into a growing debate over the use of cameras to ticket speeders and people who run red lights. Initiative promoter Tim Eyman and local activists filed initiatives in Bellingham, Longview,...
Marsh Forms Alliance with Maplecroft to Assist Clients with Political Risk
Feb 3 2011 // To assist clients in analyzing and monitoring crucial political, economic, social, and environmental risks, Marsh has formed an alliance with Maplecroft, the award-winning risk analysis and mapping firm As part of the...
Arkansas Senate to Take Up Cell Phone While Driving Restrictions
Feb 3 2011 // The Senate is looking at banning drivers from using handheld cell phones in school and highway work zones, going a step further than a similar ban that passed the House this week. The Senate is considering a proposal by...
Insurers Laud New Jersey Fraud-Fighting Legislation
Feb 3 2011 // The Property Casualty Insurers Association of America (PCI) says it wants New Jersey lawmakers to adopt legislations that would enhance fraud-fighting efforts. The insurers’ trade group, which testified today in...
Judge Finds Claims Fund Chief Feinberg Not Independent of BP
Feb 3 2011 // The administrator of BP Plc’s $20 billion fund to compensate victims of the Gulf oil spill is not independent and the oil company must refrain from calling him “neutral,” a federal judge ruled on...
Congress Trying Again on Patent Reform
Feb 3 2011 // Senior U.S. lawmakers are once again planning to reform the patent system to try to eliminate huge damage awards, an issue ripe for legislation after recent court decisions challenged calculation methods. Patent reform, in...
Predictive Modeling Improving Insurers’ Bottom Lines, Market Share
Feb 2 2011 // Property/casualty insurance carriers currently utilizing predictive modeling continue to see their bottom lines improve and almost 4 out of 10 say it has helped them increase market share. For this and other reasons,...
Federal Judge in Florida Rules Healthcare Law Must Be Voided
Jan 31 2011 // A federal judge in Florida struck down President Barack Obama’s landmark healthcare overhaul as unconstitutional Monday in the biggest legal challenge yet to federal authority to enact the law. U.S. District Judge...
Marsh Sees Soft Commercial Insurance Market Continuing
Jan 31 2011 // Another report indicates that soft commercial insurance market conditions that persisted throughout the U.S. in 2010 will continue into 2011. Key commercial insurance market drivers from 2009—including intense...
