Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Judge Certifies Stockholders’ Class Action Against AIG
Feb 23 2010 // A U.S. judge on Monday certified a class action lawsuit for stockholders, but not bondholders, against American International Group Inc. U.S. District Judge Deborah Batts denied a request by three Ohio state public pension...
California Regulator Considering Regs to Alleviate Underinsurance
Feb 22 2010 // The California Department of Insurance is considering proposing new regulations governing standards and training for estimating replacement value on homeowners’ insurance. Among the ideas that was floated at a recent...
Obama Offers New Plan to Revive Health Care Push
Feb 22 2010 // President Barack Obama tried to rejuvenate his stalled U.S. health care overhaul Monday with a revised plan to make insurance coverage more affordable and bolster federal authority to regulate premium hikes. The proposal...
Louisiana Judge Halts Rule on Licensing for Tire Insurance
Feb 22 2010 // A state district judge has granted Louisiana’s auto dealers’ and tire stores’ request to temporarily stop the state from forcing them to become licensed insurance agents in order to sell tire-and-wheel...
Medical Malpractice Excluded from Health Insurers’ Antitrust Legislation
Feb 22 2010 // Free-standing legislation introduced by Reps. Betsy Markey of Colorado and Thomas Perriello of Virginia to amend the McCarran-Ferguson Act for health insurers no longer includes text to remove the limited antitrust...
Trusted Choice
Feb 21 2010 // Just when producers thought it was safe, mandatory compensation disclosure has reared its ugly head again. In a move that has its origins in the Spitzer days, New York regulators are mandating that insurance agents and...
South Carolina Eyes Lawsuit Limits to Help Economy
Feb 21 2010 // South Carolina’s economic recovery could be helped by new limits on lawsuits, claims a business group in urging state lawmakers to consider legislation to do just that. The Senate Judiciary committee is weighing...
Georgia Republican’s Bill Would Curb Insurance Execs’ Political Contributions
Feb 21 2010 // A Republican lawmaker who is running for governor in Georgia has introduced legislation to ban executives of insurance companies from contributing to a political campaign for the office of state insurance commissioner or...
Washington Regulator Wants Emergency Flood Insurance
Feb 21 2010 // Washington is one step closer to allowing the creation of a flood insurance joint underwriting association (JUA), a publicly sponsored, temporary, not-for-profit insurer of last resort to provide flood insurance when the...
Mississippi Court Rules on CGL Coverage for Subcontractor Work
Feb 19 2010 // A general contractor’s hiring of a subcontractor does not necessarily preclude coverage under its commercial general liability (CGL) policy for shoddy work performed by the subcontractor, Mississippi’s highest...
Washington Flood JUA Legislation Passes in House
Feb 18 2010 // Washington House passed legislation allowing for the creation of a flood insurance joint underwriting association (JUA) as an insurer of last resort for businesses in the Green River Valley. House Bill 2560, which passed...
Proposal for Missouri Injured Worker Fund May Mean Higher Premiums
Feb 17 2010 // A Missouri House of Representatives committee is considering legislation designed to stabilize a financially troubled state fund for injured workers by triggering higher workers’ compensation premiums for...
Large Brokers Freed to Go After Contingent Commissions But Will They?
Feb 17 2010 // The nation’s largest insurance brokers have received the go-ahead to begin accepting contingent commissions again — but two of them say they won’t do it. Officials in New York, Illinois and Connecticut...
New Mexico Senate Approves Liability Bill for Spaceport
Feb 16 2010 // Legislation aimed at protecting New Mexico’s spaceport from liability while the commercial space industry tackles the hazards of space flight was approved by a 37-0 vote in the state Senate. The approval is a victory...
Georgia Bill Would Restrict Insurance Executives’ Political Giving
Feb 16 2010 // A Republican state lawmaker who is running for governor in Georgia has introduced legislation to ban executives of insurance companies from contributing to a political campaign for the office of state insurance...
Mass. Supreme Court Rules Against Agents in Auto Insurance Lawsuit
Feb 16 2010 // The Massachusetts Supreme Court has sided with the state’s insurance commissioner in a heated lawsuit brought by the state’s insurance agents and Arbella Mutual Insurance Co. over how new companies are assigned...
What Republicans Are Proposing for Healthcare Reform
Feb 11 2010 // President Barack Obama has asked Republicans to bring their best ideas on healthcare reform to a televised bipartisan meeting later this month that Democrats hope will help restart the stalled healthcare overhaul...
Washington Closer To Creating Emergency Insurance for Flooding
Feb 10 2010 // Washington is one step closer to allowing the creation of a flood insurance joint underwriting association (JUA), a publicly sponsored, temporary, not-for-profit insurer of last resort to provide insurance when certain...
New York Requires Agents to Reveal How Much They’re Paid
Feb 10 2010 // The New York Insurance Department has officially released a new set of rules that will require insurance agents and brokers to provide some detailed information to clients about how agents are paid. The new regulation,...
New York Agents Group Suing State over Pay-Disclosure Rules
Feb 10 2010 // A trade group for New York insurance agents says it will sue the state over newly issued rules that would force agents to reveal to clients how much they are paid. The Independent Insurance Agents and Brokers of New York...
