Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
Former Hawaii Insurance Commissioner Confirmed as Appeals Judge
Feb 9 2010 // The Hawaii Senate has unanimously confirmed Lawrence Reifurth as a judge on the Hawaii Intermediate Court of Appeals. Reifurth was selected by Republican Gov. Linda Lingle and confirmed by the Democrat-controlled...
Murphy Named Insurance Commissioner in Massachusetts
Feb 9 2010 // Joseph G. Murphy has been named commissioner of the Massachusetts Division of Insurance. Murphy has served as first deputy commissioners since 2006, playing active roles in the implementation of the managed competition...
New York to Issue Watered-Down Disclosure Rules for Agents
Feb 9 2010 // New York regulators are expected to release new rules tomorrow that require agents to disclose to clients some aspects of their compensation, although the rules are more palatable to agents than previous proposed...
Manhattan, Kansas, Lawmakers Vote to Ban Driving With Cell Phones
Feb 8 2010 // The days of drivers with a cell phone to their ear could be coming to an end in Manhattan, Kan., this summer. City commissioners have unanimously approved a ban on handheld phones night, the ban to take effect July...
Democrat: Kan. House Speaker Should Step Down Due to Insurance Ties
Feb 8 2010 // A Democratic legislator called for Kansas’ Republican House speaker to step down because he is representing businesses, trade groups and insurance funds in a lawsuit against the state. State Rep. Marti Crow said...
Nebraska Motorcycle Helmet Repeal Crashes, But It May Recover
Feb 5 2010 // A proposal to allow motorcyclists to go helmet-free in Nebraska crashed amid insurance worries on Feb. 3, but may recover while state lawmakers are still in session. After a proposal that all motorcyclists need to carry...
South Carolina Eyes Lawsuit Limits to Help Economy
Feb 4 2010 // South Carolina’s economic recovery could be helped by new limits on lawsuits, claims a business group as state lawmakers consider legislation to do just that. The Senate Judiciary committee is weighing legislation...
Judge Dismisses Libel Suit in Cape Cod Slaying
Feb 4 2010 // A judge has dismissed a libel lawsuit filed against a Cape Cod author by the former boyfriend of murdered fashion writer Christa Worthington. Tim Arnold sued author Maria Flook in 2006, claiming in her book about the...
House to Vote on Repeal of Health Insurers’ Antitrust Exemption
Feb 3 2010 // The U.S. House of Representatives will vote next week on repealing the antitrust exemption for health insurers, but Democrats remained uncertain Tuesday on how to proceed on a broader healthcare overhaul. Senate Democratic...
EU Insurance Regulators Annuity Capital Decision Postponed
Feb 1 2010 // European insurance regulators need a little more time to thrash out a compromise on rules for annuity providers that UK insurers fear could force them to raise up to £50 billion ($81 billion) of capital. Regulators...
Mississppi Judge in Scruggs’ Downfall Looks Back on Career
Jan 29 2010 // Outside Mississippi’s 3rd Judicial District, Henry Lackey is best known as the judge whose integrity and intrepidness led to the downfall of famed trial lawyer Dickie Scruggs and several colleagues. In his hometown...
Georgia House Lawmakers Send Texting Ban Bill to Study
Jan 29 2010 // Georgia lawmakers are taking a closer look at texting while driving legislation proposed last week. Representatives on the House public safety committee debated the bill on Wednesday. At the end of the hour-long hearing,...
Lawmakers Turn Up Heat on Treasury Chief Geithner Over AIG
Jan 28 2010 // U.S. lawmakers challenged Treasury Secretary Timothy Geithner’s credibility on Wednesday after he said he was not involved in a decision by bailed-out insurer AIG to withhold details about $62 billion paid to...
Obama Job Drive Earns Business Plaudits at Davos
Jan 28 2010 // Wall Street executives welcomed U.S. President Barack Obama’s plan to create jobs and a softening of his attack on banks, but questioned on Thursday whether proposals in his State of the Union address would become...
Michigan Senate Follows House, OKs Ban on Texting While Driving
Jan 28 2010 // Michigan lawmakers took a key step this week toward prohibiting the use of cell phones to send or read text messages while driving, but some say the measure is watered down and wouldn’t do enough to crack down on...
U.S. Judge Dismisses Claims Against Moody’s, Standard & Poor’s
Jan 27 2010 // In a victory for ratings agencies, a U.S. judge Tuesday dismissed claims against Moody’s Corp. and McGraw-Hill’s Standard & Poor’s in litigation over nearly $100 billion of Lehman Brothers Holdings...
Davos Report: Business Leaders Warn Regulations May Crimp Recovery
Jan 27 2010 // Global business leaders warned Western governments on Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s. The worried response to U.S....
SEC Considered National Security Status for AIG Bailout Details
Jan 25 2010 // U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security,...
