Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Mennonites Seek Auto Insurance Law Exemption
May 18 2009 // The small community of Mennonites that multiplied along a web of dirt roads in rural southeast Georgia has steadily grown the same way it does just about everything: Quietly. The community’s 100 or so members have...
Florida Approves Bill to Raise Property Insurance Rates
May 18 2009 // Florida Gov. Charlie Crist has said he would sign legislation passed at the eed of the legslative session that increases property insurance rates by 10 percent on more than 1 million customers of the state-backed Citizens...
Amid Obstacles, Opportunities Exist
May 18 2009 // In today’s environment, the value of personal relationships, soar. Nobody fosters these better than insurance agents. You don’t need to get too deep into conversation these days to find out people are afraid....
Outside the Beltway-Big ‘I’ CEO on Carrier Relations, AIG and Agent Grassroots
May 18 2009 // Bob Rusbuldt, president and CEO of the Independent Insurance Agents & Brokers of America (Big “I”), sat down with Insurance Journal‘s Andrew Simpson at the association’s recent legislative...
Inside the Beltway-Federal Regulation Threat Remains Priority
May 18 2009 // Health care reform hasn’t completely overwhelmed federal regulation as a concern in Washington, at least for insurance agents. They believe that given all of the current financial turmoil, some type of financial...
Capital, Capital, or Where Did All the Money Go?
May 18 2009 // At least the global depression has focused people’s minds on some important issues. The Group of 20 (G20) meeting in London acknowledged the need for more capital to shore-up the world’s financial system...
Inside the Beltway-Why Health Care Reform Matters to P/C Agents
May 18 2009 // P/C Agents Join Fight Against Competing Government Health Plan Property/casualty insurance agents have elevated health care reform to the top of their political agenda; the matter is now just a notch below the perennial...
Max Capital Wins Court Ruling Dismissing Validus Expedition Request
May 15 2009 // The Bermuda-based Max Capital Group Ltd. Has won a skirmish in its fight with Validus Holdings over the acquisition of IPC Re when the Bermuda Supreme Court dismissed the application by Validus to expedite its suit against...
Validus Responds to Court Ruling; Asks for ‘Scheme of Arrangement’
May 15 2009 // Validus Holdings has issued a statement in response to the decision by the Supreme Court of Bermuda not to expedite its lawsuit against IPC Holdings, Ltd. IPC Limited and Max Capital Group Ltd. (See related article...
Texas House OKs Injured Worker Bill
May 15 2009 // Despite the protests of insurance and business interests, the Texas House has passed legislation that would make it easier for certain injured workers to sue property owners for negligence. House Bill 1657 by Reps. Eiland,...
Wisconsin Lawmakers Looking at ‘Pre-existing Conditions’ in Policies
May 15 2009 // Wisconsin lawmakers are considering legislation to prevent insurance companies from denying coverage to people with pre-existing conditions. Federal law prevents public programs such as BadgerCare and employer-sponsored...
Judge Tosses Most Supermarket Data Breach Claims
May 14 2009 // Only those customers who weren’t reimbursed for fraudulent charges may sue the Hannaford Bros. supermarket chain over a data breach that exposed 4.2 million credit and debit card numbers to computer hackers, a...
Missouri Lawmakers Revise Fire Marshal Inspection Rule
May 14 2009 // Legislation easing the burden on the Missouri fire marshal to conduct fire safety inspections at long-term care facilities won final approval. The measure partially revises a law enacted after a November 2006 fire killed...
Florida Agents, Consumer Advocate Agree: Insurance Rates Must Go Up
May 14 2009 // With the start of the hurricane season just a few weeks away, a leading Florida consumer advocate joined independent agents at a press conference today to warn that property insurance rates need to be raised if insurers...
Obama Opposes Expanding Flood Insurance Program to Cover Wind Damage
May 13 2009 // The Obama Administration has come out in opposition to expanding the federal flood insurance program by letting it add coverage for wind damage. The administration said it opposes the expansion because it would further...
Health Groups Hope Savings Vow Wins Them Say in Obama Reforms
May 12 2009 // President Barack Obama’s plan to provide medical insurance for all Americans took a big step toward becoming reality after leaders of the health care industry offered $2 trillion in spending reductions over 10 years...
Judge Dismisses Lawsuit in New York Boating Tragedy
May 12 2009 // A federal judge has dismissed liability claims against the company that modified a tour boat that capsized on Lake George in 2005, killing 20 passengers. U.S. District Judge Thomas McAvoy says there’s no evidence...
Oklahoma Lawmakers Forge Agreement on Lawsuit Reform Package
May 12 2009 // Oklahoma Senate President Pro Tem Glenn Coffee and House Speaker Chris Benge have announced that a compromise has been reached on a long sought comprehensive lawsuit reform package for the state. Coffee and Benge and their...
Religious Group Seeks Exemption From Georgia Auto Insurance Law
May 11 2009 // The small community of Mennonites that multiplied along a web of dirt roads in rural southeast Georgia has steadily grown the same way it does just about everything: Quietly. The community’s 100 or so members have...
SEC Chief Backs ‘Systemic Risk Council’ Idea
May 11 2009 // The head of the Securities and Exchange Commission said Friday she favors a new proposal for federal regulators sharing oversight of companies that pose financial risks to the U.S. economy. SEC Chairman Mary Schapiro said...
