Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
House Advances Sweeping Overhaul of Financial Services Regulation
Dec 3 2009 // Lawmakers in the House of Representatives voted Wednesday to give government regulators the power to break up financial firms that threaten economic stability, and to expose the Federal Reserve to unprecedented...
UK’s Darling Backs Stronger European Regulation
Dec 2 2009 // The UK’s Chancellor of the Exchequer, Alistair Darling, backed tougher Europe-wide financial regulation in a Times article on Wednesday, but stressed that the UK’s financial services industry must not be...
American Bar Ass’n. Antitrust Section Approves EU’s Block Exemption Reg
Dec 2 2009 // The Antitrust Section of the American Bar Association has given its view of the European Union’s Block Exemption Regulation (BER). In a notice on its web site (www.abanet.org) the Section said it “appreciates...
Michigan Debate Over Proposed Auto Insurance Changes Heats Up
Dec 2 2009 // Democratic lawmakers in Michigan are promoting proposals they say would make auto insurance more affordable and strengthen consumer protections in the state. Opponents including the insurance industry say the proposals...
House Committee Passes Federal Insurance Office Act
Dec 2 2009 // The U.S. House Financial Services Committee has passed a measure to create a scaled-back federal office that would be a national insurance information agency with some authority in the area of international insurance...
Insurer Trade Group PCI Names Isler Lobbyist for Southeast
Dec 1 2009 // The Property Casualty Insurers Association of America (PCI) has named Micaela Isler as regional manager, state government relations. Isler will cover the Southeast Atlantic region which includes the District of Columbia,...
Swiss Re Economists See Gradual Recovery; Regulation Concerns
Dec 1 2009 // Swiss Re’s Economic Forum, held today at the reinsurer’s iconic London headquarters, presented a far more encouraging picture of the world’s financial condition than a year ago. However, there may be...
Marsh Signs Deal with UDrive Solutions for Driver, Motor Fleet Products
Nov 30 2009 // Marsh announced that it has reached an agreement with UDrive Solutions to offer its comprehensive range of driver and fleet assurance products on an exclusive basis, to Marsh’s clients, initially in the UK. Marsh...
Auditors to Review Denied Workers’ Comp Claims in North Dakota
Nov 30 2009 // Auditors will take a new look at denied workers’ compensation claims in North Dakota and also will study the laws defining eligibility for certain benefits. The performance audit of Workforce Safety and Insurance...
Oklahoma Lawmaker Objects to Cameras for Auto Insurance Verification
Nov 30 2009 // A state lawmaker in Oklahoma is raising concerns about a plan to beef up the state’s electronic insurance verification system. The plan would involve cameras that would randomly record vehicle tags. But Rep. Mike...
Lawn Mower Is Not a Motor Vehicle, Georgia Court Rules
Nov 25 2009 // A riding lawn mower may have four wheels, a powerful engine and can cost as much as a used car. If it’s stolen, however, the Georgia Supreme Court concluded that it’s not a motor vehicle. The 4-3 decision...
New York Regulator Proposes Changes to No-Fault Insurance Coverage
Nov 25 2009 // The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in Empire State, in a move the state’s top regulator says will help reduce fraud. “We have to be...
Aon, Chubb Warn Isle of Man Directors on Possible Coverage Gaps
Nov 25 2009 // Aon and Chubb Corp. have advised Isle of Man directors that they “may need to go beyond simply complying with new Financial Services Commission (FSC) regulations on insurance to prevent gaps in cover.” The...
Changes to Federal Insurance Office Act Supported by State Regulators
Nov 24 2009 // State insurance regulators have expressed support for recent changes to proposed legislation creating a Federal Insurance Office (FIO). In a letter to the House Financial Services Committee, the National Association of...
Kelley Named to Colorado’s Regulatory Agencies Department
Nov 23 2009 // Gov. Bill Ritter has appointed attorney Barbara J. Kelley of Denver to be the new executive director of the Colorado Department of Regulatory Agencies, effective Dec. 1. She replaces Rico Munn, who became the executive...
Massachusetts Elderly Driver Bill Stalls on Beacon Hill
Nov 23 2009 // A bill that would require Massachusetts drivers age 75 or older to pass cognitive and physical exams every time they renew their licenses has stalled on Beacon Hill. The legislation gained momentum this summer after a...
Kentucky Ex-Lawmaker Pleads Not Guilty to Murder of Insurance Employee
Nov 23 2009 // Former Kentucky lawmaker Steve Nunn has entered a not guilty plea for his client in a Lexington courtroom on a murder charge stemming from the shooting death of Nunn’s ex-fiancee. Nunn appeared glum-looking last week...
Florida Approves Rate Hikes for ‘High Risk’ Coastal Properties
Nov 22 2009 // Florida Insurance Commissioner Kevin McCarty has approved rates hikes for about 330,000 of Citizens Property Insurance Corp.’s so-called high-risk coastal property accounts. The statewide average increases include a...
Health Care Reform Dominates Trade Group’s Lobbying Agenda
Nov 20 2009 // Until this year, health care was a minor blip on the radar of insurance agents’ policy efforts in D.C. But with a major reform bill imminent, key trade groups are devoting nearly all of their time to try and tweak...
XL Receives China License
Nov 19 2009 // XL Capital Ltd. announced that it has received approval from the China Insurance Regulatory Commission (CIRC) to start preparation work to set up a P/C company in the country. Following the approval, XL has a year to...
