Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Calif. Iranian Investment Regs Ruled Improper
Nov 1 2010 // The California Office of Administrative Law has ruled that state Insurance Commissioner Steve Poizner’s Iranian investment regulations were improper. Earlier this year, the California Department of Insurance...
Strength and Power
Nov 1 2010 // San Francisco’s ISU Group Brings Together Creative Minds to Adapt, Survive and Succeed in Today’s Market In this age of Great Global Recession, collapsing corporations and profligate governments alike have...
Risk Retention Groups Call for Changes to Federal Liability Act
Nov 1 2010 // RRGs Seek Dispute Mechanism, Ability to Write Commercial Property, Uniform Regulation The Liability Risk Retention Act of 1986 (LRRA) was enacted to help solve the crisis of the 1980s created by the unavailability of...
Congressional Gridlock on Financial Reforms Expected After Elections
Oct 29 2010 // If Republicans make big gains in U.S. Congressional elections on Tuesday, as expected, Wall Street and big banks will have sweet, but incomplete, revenge on Democrats who drove through sweeping financial reforms against...
Judge Schedules Motions in State Farm Whistleblower Suit in MIssissippi
Oct 29 2010 // A federal whistleblower lawsuit filed against State Farm Fire & Casualty Co. will not go to trial Dec. 1 as scheduled. Instead, U.S. District Court Judge L.T. Senter Jr. has decided to hold a status conference on the...
Global Regulators Call for Curbs on Credit Rating Agencies
Oct 28 2010 // Global regulators called on national authorities on Wednesday to curb the role of credit rating agencies in the financial system, challenging the value of an industry widely criticized in recent years. The Financial...
New IFRS Standards, Solvency II Pose a ‘Double Hurdle’ Says Willis Re
Oct 27 2010 // Two reports from Willis Re analyze the impact the insurance industry faces from the “double hurdles” of Solvency II and the new International Financial Reporting Standard (IFRS) due in 2013.” They explore...
Texas Lawmaker Presses on with TWIA Settlement Information Request
Oct 27 2010 // Texas State Rep. Larry Taylor (R-Friendswood) has filed a mandamus petition in the 1st Court of Appeals in Houston seeking relief from a temporary stay of his request for information concerning a $189 million settlement...
Judge Sustains Charges in Ground Zero Tower Fire
Oct 26 2010 // There were a raft of hazards and regulatory failures at a contaminated ground zero tower where two firefighters died, but that’s not a reason to toss out manslaughter charges against three construction company...
State Regulators Back Strict Medical Ratio for Health Insurers
Oct 22 2010 // U.S. state insurance commissioners unanimously backed tough rules requiring health insurance companies to direct more of the premiums they collect to medical care, rather than corporate salaries and profits. Although the...
Introducing… The Florida Sinkhole Insurance Fund?
Oct 22 2010 // Will Floridians, who already support a state-backed property insurer and a catastrophe fund, support another public insurance entity for sinkhole coverage? Such a fund might be the “best way to go,” according...
California Commissioner Hopeful: Assemblyman Dave Jones
Oct 21 2010 // On November 2, Californians will select a new insurance commissioner, charged with regulating the fourth-largest insurance market in the world at about $160 billion. Assemblyman and Democrat Dave Jones recently shared why...
Georgia Insurance Commissioner Race: Attracting Insurers, Value of Agents
Oct 21 2010 // The three politicians who want to be Georgia’s next insurance commissioner see eye-to-eye on the need for the insurance regulator to be involved in attracting new insurers and insurance jobs to the state. According...
Judge Bars New York City From Hiring New Firefighters
Oct 21 2010 // A federal judge has barred New York City from hiring new firefighters after criticizing its handling of a discrimination lawsuit against the fire department. Judge Nicholas Garaufis (GEHR’-ah-fuhs) said Tuesday his...
Colorado Insurance Commissioner Recognized for Consumer Advocacy’
Oct 21 2010 // Colorado Insurance Commissioner Marcy Morrison has received the Excellence in Consumer Advocacy award, presented by the National Association of Insurance Commissioners (NAIC) Consumer Representatives, at NAIC’s...
Georgia Insurance Commissioner Race: Top Priorities, State Role, Money
Oct 20 2010 // One candidate to be Georgia ‘s next insurance commissioner thinks the state should build on its risk management schools to become a national leader in alternative risk transfer innovation. Another wants the state to...
Best’s London Briefing Highlights Challenges for Europe’s Insurers
Oct 20 2010 // “2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance...
Home, Flood Insurance Markets Still Troubled 5 Years After Katrina
Oct 20 2010 // Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance,...
Aon Sees Catastrophes, Consolidation, Regulation in Asian Re Market
Oct 19 2010 // Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali. The announcement...
Atwater, Ausley Vie to Succeed Sink As Florida CFO
Oct 19 2010 // Although Florida’s next chief financial officer will take charge during one of the rockiest times in the state’s financial history, the race has received little attention amid higher-profile races for the U.S....
