Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Wash. Judge: Insurer Can Be Held Liable for Agent’s Actions
May 3 2010 // In a ruling that’s being closely watched by some insurers, a Thurston County, Wash., judge has affirmed that the state insurance commissioner may hold an insurance company liable for the actions of the...
Ohio Department of Insurance Employee Wins National Award
May 3 2010 // Ohio Department of Insurance Director Mary Jo Hudson that Lynette Baker, a division chief of the Department’s Market Conduct Division, has received the Paul L. DeAngelo Memorial Teaching Award. This award, given by...
Florida Lawmakers Pass Omnibus Property Insurance Bill
May 3 2010 // On the final day of this legislative session, Florida lawmakers passed omnibus legislation that aims to bring more control over homeowners insurance costs, raises the state’s minimum capital requirements for...
Pennsylvania Judge Tosses Burned-by-Price-Scanner Suit
May 3 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...
Mass. Court: Lease Agreement to Buy Insurance Trumps State Law
May 3 2010 // A lease agreement to buy insurance for a landlord trumps a state law that prohibits property owners from requiring tenants to indemnify landlords for their own negligence, Massachusetts highest court ruled. The decision...
Judge Sides with State Farm in Rate Hike Information Case
May 3 2010 // A judge in Austin has blocked regulators from posting on the Texas Department of Insurance Web site certain documents on two rate filings by State Farm Insurance Cos. that would increase homeowners insurance premiums for...
California Contractors Self-Insured Group Closes
Apr 30 2010 // The California Office of Self-Insured Plans is revoking the certificate of the Contractors Access Program of California (CAP), a self-insured group of contractors, as requested by the group. According to OSIP spokeswoman...
Senate Ends Stalemate Over Financial Reforms; Debate to Begin
Apr 29 2010 // A three-day U.S. Senate standoff over efforts to overhaul financial regulation ended on Wednesday as Republicans dropped efforts to block a Democratic bill in exchange for a handful of concessions. A deal to proceed came...
Michigan Governor to Sign Fremont Insurance Anti-Takeover Bill
Apr 29 2010 // A spokeswoman says Michigan Gov. Jennifer Granholm is expected to sign legislation that would make it tougher for San Antonio-based Biglari Holdings Inc. to take over a west Michigan insurance company. The legislation...
Federal Judge Awards $164K in Damages in Chinese Drywall Case
Apr 29 2010 // A federal judge in Louisiana has ordered a manufacturer of faulty drywall from China to pay more than $164,000 to a Louisiana family as result of damage to their home from the wallboard. The ruling is the second time in...
House Commitee Advances 5-Year Flood Insurance Extension
Apr 28 2010 // A bill to overhaul the troubled U.S. National Flood Insurance Program, which covers more than five million homes and businesses in flood-prone areas, was approved on Tuesday by a congressional committee. The bill, if...
Republicans Release Own Financial Services Regulation Proposal
Apr 28 2010 // Senate Republicans have proposed an alternative to Democrats’ financial regulation legislation, according to a document obtained by Reuters on Tuesday. Below are their key proposals. ORDERLY LIQUIDATION No resolution...
Louisiana Senate Passes Ban on Insurance Cancellations Due to Drywall
Apr 28 2010 // The Louisiana Senate has passed a measure that would ban against property insurers dropping or changing coverage for homes or businesses that contain Chinese-made drywall, which has been blamed for home corrosion and...
Missouri Governor to Sign Bills Speeding Insurance Payments
Apr 28 2010 // Insurance companies that take too long to pay health care claims in Missouri could face financial penalties beginning next year. Gov. Jay Nixon has signed the so-called “prompt pay” legislation. The legislation...
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...
