Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Swiss Re: Investment Managers Face ‘New, Challenging Environment’
Nov 23 2010 // Swiss Re’s latest sigma study, #5/2010, – “Insurance investment in a challenging global environment” – warns that a “low yield environment coupled with tighter regulatory standards could...
New York Agents Lose Court Battle over Compensation Disclosure
Nov 22 2010 // New York agents failed to make their case that insurance regulators cannot require agents and brokers to disclose their commissions, a Supreme Court judge has ruled. That just-released decision by Supreme Court Justice...
Calif. Court Rules Federal Proceedings Equivalent to CGL-Covered Lawsuit
Nov 22 2010 // The California Supreme Court has ruled that the term “suit” in a comprehensive general liability policy includes federal administrative adjudicative proceedings before an administrative law judge of the U.S....
Health Insurance Brokers May Ask Congress to Protect Commissions
Nov 22 2010 // As insurance brokers feared, the Obama Administration has not exempted broker commissions from the formula for the medical loss ratio that health insurers must adhere to beginning in 2011. Brokers say they may ask Congress...
Texas Likely Will Seek to Protect Its Piece of Surplus Lines Tax Pie
Nov 19 2010 // The federal financial services reform act signed by President Barack Obama in July 2010 contained a provision reforming the way surplus lines insurance premiums are reported and taxed. The Nonadmitted and Reinsurance...
Forfeiture Hearing Set in Ex-Pennsylvania Judge’s Fraud Conviction
Nov 19 2010 // A federal court forfeiture hearing is set in the case of a former Pennsylvania Superior Court judge convicted of insurance fraud. Michael Joyce, of Millcreek Township, is serving a 46-month prison sentence for collecting...
California Self-Insured Group Defaults
Nov 19 2010 // The Contractors Access Program of California (CAP), a self insured group, has been declared in default due to insufficient funding required for continued operation, California’s Department of Industrial Relations...
Judges’ Mediation of Massey Pollution Case Fails in West Virginia
Nov 18 2010 // A lawyer for the plaintiffs says attempts to settle a long-running water pollution lawsuit against Massey Energy Co. have failed. Two judges on West Virginia’s mass litigation panel have been trying to mediate a...
Washington, Oregon Rank High in Promoting Roadway Safety
Nov 18 2010 // Many states are making progress toward making roads safer, but Oregon and Washington do the best of promoting roadway safety with traffic laws, according to a new report by the Emergency Nurses Association. The report...
Calif. Agent Association Wants to Phase-In New License Requirements
Nov 18 2010 // Insurance Brokers and Agents of the West (IBA West) is working to persuade the California Department of Insurance to phase-in implementation of provisions of a new law (AB 2782) that will require property/casualty...
Tennessee Insurance Department Easily Passes State Audit
Nov 17 2010 // A government audit of the Tennessee Department of Commerce and Insurance (TDCI) has found that the agency has managed to reduce costs and operate efficiently during the economic downturn. In fact, the state...
Louisiana Still Owes Most of Judgement in 1983 Flood
Nov 16 2010 // Bob McBride Jr. was 18 when he pushed a flat-bottomed boat holding his family and neighbors through chest-high water to safety in Tangipahoa Parish. Nearly 30 years later, he and hundreds of others still are waiting for...
Judge Limits D.C. Metro’s Potential Liability in Suit over Fatal Crash
Nov 14 2010 // A federal judge has limited the D.C. Metro’s potential liability in a suit brought by survivors of those killed in the 2009 crash on the red line by ruling that the transit agency can’t be faulted under federal...
Reporting Firms Face Risks as U.S. Cracks Down on Medicare, Medicaid Costs
Nov 14 2010 // New Insurance Products Cover Risks Created by New Laws and Regulations The federal government’s crackdown on fraud and errors in Medicare and Medicaid is raising liability issues for firms that specialize in managing...
Crist-Crossed
Nov 14 2010 // It’s a new day in several state houses in the Southeast, which has been red for years but went even redder as it got caught up in the Republican tide that swept the nation. Voters elected new Republican governors in...
California Approves Amendments to Privacy Regulations
Nov 14 2010 // In what’s being called “a major victory for insurance agents and brokers,” the California Office of Administrative Law has approved Department of Insurance plans to repeal certain portions of its privacy...
Lloyd’s New Director of North America, McGovern, Navigates Turbulent Waters
Nov 14 2010 // Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have...
Business Risk Partners Offers Distressed Banks Coverage
Nov 11 2010 // For banks under regulatory oversight, Business Risk Partners (BRP) is now offering professional and management liability protections for distressed community banks, including hard-to-find Regulatory Defense Cover for...
Judge Extends Deadline for Ill 9/11 Responders
Nov 11 2010 // A federal judge has given thousands of 9/11 rescue and recovery workers more time to join a legal settlement that would pay millions of dollars to people sickened by dust from the World Trade Center, if enough of them...
Judge Limits D.C. Metro’s Liability in Fatal Crash
Nov 10 2010 // A judge has limited the potential liability of the public transit agency in the District of Columbia in a suit brought by survivors of those killed in the 2009 crash on the Metro red line by ruling that the transit agency...
