Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
U.S. to Claw Back AIG Bonuses, Congress Eyes Taxing Recipients
Mar 18 2009 // The Obama administration turned up the heat on AIG Tuesday over its employee bonuses, saying the embattled insurer will be forced to repay U.S. taxpayers before it gets another bailout of $30 billion. Treasury Secretary...
West Virginia Lawmakers Delay Drunk Driver Lock Expansion
Mar 18 2009 // A proposal to put interlocks in the vehicles of every West Virginian convicted of drunken driving appears to be on hold this year while lawmakers await the results of an earlier expansion of the program. But a West...
Democrats Agree Health Reform Must Include Medical Liability Changes
Mar 18 2009 // Medical malpractice overhauls have died many deaths in Congress over the years, often at the hands of Democratic lawmakers backed by trial lawyers. Attempts to change the system may be getting new life. As they search for...
Texas Lawmakers Try to Undo Drivers License Identification Rules
Mar 18 2009 // Some Democratic lawmakers joined by Texas residents who have had trouble getting drivers’ licenses under new Department of Public Safety rules are pushing for legislation that would undo a policy they say harms U.S....
U.S. Treasury Readies Systemic Risk Financial Regulation Blueprint
Mar 17 2009 // The U.S. Treasury is expected to propose within days the creation of a “systemic risk regulator,” probably the Federal Reserve, to oversee banking and market problems that could threaten the economy. On both...
The Paradox of Flood Insurance Coverage
Mar 17 2009 // Whether you are an attorney, an insurance agent, adjuster or broker, or an individual insured, when dealing with claims under flood insurance policies, you may be surprised to discover that many things you think you know...
As Hurricane Season Nears, Florida Still Facing Large Exposure
Mar 16 2009 // Florida lawmakers need to make some smart decisions on reducing the risk for Florida property owners from hurricane damage, the state’s chief financial officer said Thursday. In a letter to key legislative leaders,...
99% of Indiana Pools Fail to Install Required Safe Drains
Mar 16 2009 // Indiana health officials say most of Monroe County’s swimming pools, spas and whirlpools don’t comply with a new federal law requiring them to be fitted with special drain covers to prevent children from...
Retired Pennsylvania Judge Appeals Fraud Conviction
Mar 16 2009 // A retired Pennsylvania Superior Court judge is appealing his conviction on charges of falsely collecting $440,000 from insurance companies. Michael Joyce was sentenced Tuesday to three years and 10 months in federal...
UK Insurance Association Supports Regulatory Reform Principles
Mar 16 2009 // The Association of British Insurers has published five key principles to “help ensure that regulatory reform brings real benefits for consumers, ahead of next week’s Turner review into regulation and the G20...
Bills Filed to Roll Back Texas 2003 Insurance Reforms
Mar 16 2009 // Reforms to the Texas insurance regulatory system put in place by Senate Bill 14 in 2003 are under attack by a coalition of state lawmakers who have filed bills to, among other things, return the rate setting process for...
Oklahoma Senate OKs Tax Credits for February Storm Victims
Mar 16 2009 // A bill introduced into the Oklahoma State Senate that provides tax credits for victims of the Feb. 10, 2009, storms that destroyed dozens of homes and businesses and caused multiple fatalities is now headed to the House of...
California Insurance Commissioner Opposes Optional Federal Charter
Mar 16 2009 // California Insurance Commissioner Steve Poizner warned state insurance regulators to be engaged in opposing national attempts to weaken the current state-by-state insurance oversight, speaking at the National Association...
Congress Gives U.S. Official 3 Weeks to Revise Mark-to-Market Accounting
Mar 13 2009 // Lawmakers told the top U.S. accounting rulemaker to deliver new guidance on mark-to-market accounting within three weeks, or face legislation changing the rule that has forced banks to write down billions of dollars in...
Okla. Dems Oppose Bill Calling for Senate Approval of Work Comp Judges
Mar 13 2009 // State Senate confirmation of judges in Oklahoma’s workers’ compensation system would be required under legislation approved by the state House of Representatives that was quickly condemned by a spokesman for...
Coastal Insurance Legislation Facing Test in Alabama
Mar 12 2009 // Coastal insurance bills face a test in the Alabama Legislature. The House and Senate Banking and Insurance committees met in joint session on Wednesday to take up legislation aimed at providing relief to homeowners along...
Injured Wyoming Workers, Families Get Workers’ Comp Boost
Mar 12 2009 // A bill increasing benefits for Wyoming workers injured on the job has been signed into law by Gov. Dave Freudenthal. House Bill 54 addresses workers’ compensation rules that have for years generated complaints from...
Retired Pennsylvania Judge Gets 46 Months in Jail for Fraud
Mar 12 2009 // A retired Pennsylvania Superior Court judge was sentenced to three years, 10 months in prison Tuesday for falsely collecting $440,000 from insurance companies after being injured in a slow-speed fender bender. Michael...
Utah Opens Bars to Public, Increases Liability Coverage Requirements
Mar 11 2009 // Getting into a bar in Utah is about to become a lot easier. Legislative leaders and Gov. Jon Huntsman agreed to eliminate the state’s much-criticized private club system. Utah is the only state in the country that...
Bernanke Says G20 Should Guide Regulatory Revamp
Mar 11 2009 // Federal Reserve Chairman Ben Bernanke Tuesday said leaders from the Group of 20 rich and developing economies should agree early next month on principles to guide nations as they revamp financial rules to prevent future...
