Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Oklahoma Lawmaker Tackling Use of Cell Phone While Driving
Jan 14 2011 // Oklahoma state Rep. Danny Morgan, D-Prague, plans to file legislation to restrict the use of cell phones while driving. The lawmaker reported that Sapulpa drivers on public roads fell again victim to the legal practice of...
Texas Governor Calls for Expanded Lawsuit Reform
Jan 14 2011 // Texas Gov. Rick Perry is urging state lawmakers to further expand the lawsuit reforms that the state has enacted in recent years. Texas lawmakers meet every two years. The 82nd Legislature Regular Session convened earlier...
House to Vote on Healthcare Repeal Next Week
Jan 14 2011 // The U.S. House of Representatives will resume action next week on repealing President Barack Obama’s landmark healthcare overhaul, a House Republican spokesman said Thursday. The House had been expected to act this...
Florida Lawmakers Seek Ways to Curb Sinkhole Losses
Jan 14 2011 // Florida lawmakers are trying to address the cost of sinkhole claims, which state officials and insurers say are driving up property insurance rates and could threaten the solvency of some domestic insurers if not brought...
Fremont Michigan Evaluating Options after Revised Biglari Holdings Offer
Jan 13 2011 // Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurance carrier, says it is evaluating a revised unsolicited offer from Biglari Holdings Inc. to take over the company. Fremont confirmed that...
Companies Concerned About U.S. Consumer Complaint Sites
Jan 12 2011 // The U.S. government is intensifying its use of consumer complaint websites with two new outlets for customer gripes that have trade groups for manufacturers and financial firms concerned about smear campaigns and lawsuits....
AIG Agrees to $2.2 Billion Sale of Taiwan Life Unit
Jan 12 2011 // American International Group Inc. accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex, marking the beginning of the end of a drawn-out process fraught with...
Washington Governor Wants to Reform Workers’ Comp
Jan 11 2011 // Washington Gov. Chris Gregoire has proposed several changes to the state’s workers’ compensation system to help the state out of the recession and support the vitality of businesses. The proposed changes she...
White House Panel Calls For Tough Regulation After BP Spill
Jan 11 2011 // White House panel probing BP’s massive oil spill called for an overhaul of a regulatory system that was “entirely unprepared” for disaster and outlined stringent, new oversight, a plan sure to face...
Top Regulatory Changes Employers Should Know in 2011
Jan 10 2011 // The new year ushers in regulatory, compliance and legislative changes that affect every small business. According to payroll and human resource services provider Paychex, Inc., these 11 issues top the list of business...
Employers With Foreign Labor Face Increased Liability
Jan 10 2011 // Insurance Considerations for Agents Insuring Agricultural Employers Every state has been impacted by Arizona’s immigration law, as there is now a cry for immigration reform. Employers who hire a questionable...
Federal Audit Rips Spending for Texas’ Hurricane Ike Cleanup
Jan 10 2011 // A scathing audit by the federal Department of Homeland Security questions whether some $45 million in public money was properly spent to remove debris in the cleanup of Chambers County, one of the Southeast Texas counties...
Federal Judge Dismisses Suits Against Insurers Over Chinese Drywall Coverage
Jan 10 2011 // A federal judge in Louisiana in mid-December let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from the installation of defective drywall from China off the hook for coverage from...
Ohio Supreme Court Ruling Favors Bus Wreck Survivors
Jan 10 2011 // The Ohio Supreme Court said a university’s insurance coverage extended to a charter bus that crashed, killing five student baseball players and two others in 2007. The 5-2 ruling issued Dec. 28, 2010, is a victory...
People
Jan 10 2011 // Pennsylvania-based wholesaler USG Insurance Services has named Jason Holloman as property broker specializing in large commercial and CAT-exposed risks. Holloman most recently served as a wholesale property broker with...
Calif. Homeowners Underinsurance Regulations May Require Agent Training
Jan 10 2011 // California’s Office of Administrative Law (OAL) has approved regulations designed to combat underinsurance and may require insurance agents and brokers to complete additional training. The regulations will take...
Insurance Industry Outlook Improving Slightly
Jan 10 2011 // The insurance industry is recovering from the economic crisis, but profits are nowhere near where they were prior to the crisis, and it will take California longer than other states to rebound, according to an industry...
What Happened in Workers’ Compensation in 2010
Jan 10 2011 // Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial lines including the workers’ compensation industry in 2010, as they did in 2009. Robert...
Multi-State Surplus Lines Tax State Inaction Risks Loss of Premium Tax Revenue
Jan 10 2011 // State Inaction Risks Loss of Premium Tax Revenue The States appear poised, through inaction, to leave untold millions of dollars in premium tax revenue “on the table” when the Nonadmitted Insurance and...
New Jersey Passes Captive Insurance Legislation
Jan 10 2011 // New Jersey will soon allow captive insurers under a bill passed by the state’s legislature and expected to be signed by the state’s governor in the coming weeks. The legislation makes the Garden State a captive...
