Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Financial Reform Bill Stumbles in U.S. Senate
Apr 27 2010 // The most sweeping overhaul of U.S. banking rules since the Great Depression stumbled in the Senate Monday as Republicans united to prevent action on the bill. The vote gives Republicans leverage to extract more concessions...
Florida Property Insurance Reform Could Happen This Week
Apr 26 2010 // The Florida Senate has got its property insurance reform bill back on the track for the final week of the legislatuve session. After his bill became hung up in debate by amendments last Thursday, Sen. Garrett Richter...
FERMA Comments on EU’s New Block Exemption Regulations
Apr 26 2010 // The Federation of European Risk Management Associations has welcomed the adoption of the new European Union insurance block exemption regulation (BER) by the European Commission with reservations. “The entry into...
Financial Reform Hits First Hurdle in U.S. Senate
Apr 26 2010 // The most sweeping overhaul of U.S. financial regulation since the Great Depression appeared unlikely to clear its first hurdle in the U.S. Senate Monday as Republicans held out for a bipartisan deal. Even as Wall Street...
Spring Brings New Crop of Fraud Laws in Northeast
Apr 23 2010 // Fraud bills are blooming like azalea bushes around the East this spring, and statehouses are rife with upside potential for substantive new fraud laws in 2010. This counters the recent logic that many state lawmakers are...
Obama: U.S. Faces Another Financal Crisis If Lessons Aren’t Learned
Apr 22 2010 // U.S. President Barack Obama will tell Wall Street Thursday to accept a sweeping bill to overhaul financial regulations, warning of another crisis unless rules are tightened to rein in the industry’s risky...
Pennsylvania Judge Tosses Burned-by-Price-Scanner Suit
Apr 22 2010 // An Erie County, Pennsylvania judge has thrown out a lawsuit filed by the guardian of a 12-year-old girl who claimed the girl was burned and traumatized when a convenience store clerk allegedly aimed a hand-held price...
Judge: Fraud Case Against Ex-AIG CEO Greenberg ‘Devastating’
Apr 21 2010 // New York state prosecutors have “a devastating case” against Maurice “Hank” Greenberg, the former American International Group Inc. chief executive accused of fraud over a reinsurance transaction 10...
Florida CEOs Urge ‘Cost Driver’ Reforms as Legislature Nears End
Apr 21 2010 // The Florida-Based Property Insurers CEO Group, representing 21 carriers, held a media conference today to discuss legislation to address the problems in the state’s property insurance market. The group downplayed the...
Bank Style Regulations Would Raise Insurance Costs, Analyst Says
Apr 21 2010 // Bank style regulation on property/casualty insurers would lead to significant policy error, says a leading insurance industry econmist. “Bank style regulation would needlessly raise insurance costs for hundreds of...
Oklahoma Lawmaker Wants to Send Work Comp Claims to Civil Courts
Apr 21 2010 // Oklahoma State Rep. Ken Luttrell is proposing a complete overhaul of Oklahoma’s worker’s compensation system that would result in sending all workers’ compensation claims to district civil...
Louisiana Bill Would Limit Liability of Mardi Gras Float-Builders
Apr 20 2010 // A bill passed by the Louisiana House to limit the liability of float-builders would damage future attempts for float riders or watchers to sue when parade festivities hurt or kill someone, says a man whose brother died in...
Federal Judge Awards $2.6M in Chinese Drywall Case
Apr 19 2010 // A federal judge in New Orleans has awarded seven plaintiffs from Virginia more than $2.6 million in a consolidated case involving damage to their homes as a result of the installation of substandard drywall from China. In...
Calif. Proposes Agent/Broker Regs to Alleviate Under-Insurance
Apr 19 2010 // To alleviate concerns about homeowner under-insurance, the California Department of Insurance has scheduled a hearing for May 17 in Los Angeles to discuss proposed regulations governing standards and training for...
Spring Brings New Crop of Fraud Laws in Northeast
Apr 19 2010 // Fraud bills are blooming like azalea bushes around the East this spring, and statehouses are rife with upside potential for substantive new fraud laws in 2010. This counters the recent logic that many state lawmakers are...
Judge Says Texas Can’t Post Some State Farm Rate Hike Information
Apr 19 2010 // A judge in Austin has blocked regulators from posting on the Texas Department of Insurance Web site some documents on two rate rate filings by State Farm Insurance Cos. that would increase homeowners insurance premiums for...
Michigan House Panel Advances Bill on Fremont Insurance Takeover
Apr 19 2010 // Michigan lawmakers are wading into a fight over control of a west Michigan insurance company. The House Insurance Committee has approved legislation that would make it tougher for Biglari Holdings Inc. to take over Fremont...
Florida to Hold Hearing on Federal Healthcare Reform Impact
Apr 19 2010 // Florida regulatory officials are preparing for the implementation of the new healthcare reform law. Florida Insurance Commissioner Kevin McCarty said his Office of Insurance Regulation (OIR) will use a May 4 joint public...
Declarations
Apr 19 2010 // Miner Safety “We know there are things in the law that needed to be improved even before this tragedy. Unfortunately mine health safety laws are passed in the blood of dead miners.” —Aaron Albright, a...
Insurers’ Group Comments on End of Sessions in Maine, Maryland
Apr 15 2010 // The American Insurance Association (AIA) says the P/C industry made some positive legislative steps in Maine and Maryland this year, although the trade group says it was disappointed with a Maryland law that will raise the...
