Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Biglari Holdings Again Seeks to Take Over Fremont Michigan InsuraCorp
Nov 1 2010 // Texas-based Biglari Holdings, which runs Steak n Shake and other restaurants, is making another bid for the Michigan property/casualty insurer, Fremont Michigan InsuraCorp. Inc. The San Antonio holding company has proposed...
Casino’s Barge Not Liable for Mississippi Marina’s Damage During Katrina
Nov 1 2010 // The owners of a Biloxi marina damaged by a casino-owned barge that came loose during Hurricane Katrina are considering an appeal of a Mississippi court ruling that the casino is not liable for the destruction. The state...
Gulf Region Property Markets Still Troubled 5 Years After Katrina
Nov 1 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,...
Remember Orlando
Nov 1 2010 // What do you get when you corral Florida property insurance executives and policymakers in a room for an afternoon away from the TV cameras and pundits? The answer is: consensus. Consensus on how to move the Florida...
Where Georgia’s Insurance Commissioner Candidates Stand
Nov 1 2010 // Hudgens, Squires and Bruce on Credit Scoring, Tort Reform, Role of Independent Agents and State Regulation Georgia voters going to the polls on Nov. 2 will have a real choice when it comes to electing the state’s...
Reducing E&O Exposures: What Agents Need to Know
Nov 1 2010 // Data Breach, Privacy Claims and Certificates of Insurance Costly Exposures for Agents Insurance agents who fail to keep up with ever-changing legislation, regulations, policies and forms are opening themselves up to costly...
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...
