Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Texas High Court Rules Against Insurer in Fleeing Truck Case
Apr 20 2009 // The Texas Supreme Court has ruled that an insurance company must pay a family’s claim over a child critically injured by a truck that was fleeing from police. The child’s parents, Greg and Maribel Tanner, sued...
Wife of Convicted Pennsylvania Ex-Judge Challenges Fed Forfeiture
Apr 20 2009 // The wife of a retired Pennsylvania Superior Court judge convicted of insurance fraud is challenging efforts by federal prosecutors to seize the judge’s home. Prosecutors claim former Judge Michael Joyce bought the...
A New York State of Mind
Apr 20 2009 // Superintendent Eric Dinallo Redefines the Role of Regulator in the Insurance Industry New York Insurance Superintendent Eric Dinallo was thrust into the national spotlight last year as the insurance industry’s...
Judge Blocks Michigan’s Challenge to Insurers’ Use of Credit Scores
Apr 20 2009 // Barry County Circuit Judge James Fisher issued an injunction April 10 preventing Michigan insurance regulators from challenging insurers’ home and auto insurance rate filings that use credit scoring in determining...
Lawmakers Seek to Ban Chinese Drywall
Apr 20 2009 // U.S. Sens. Bill Nelson, D.-Fla., and Mary Landrieu, D.-La., have filed federal legislation for a recall and immediate ban on tainted building products from China, as people around the country are reporting problems in...
Declarations
Apr 20 2009 // A Devastating Experience “Losing everything is an unimaginable and devastating experience. … Oklahoma’s professional agents and adjusters are poised to respond.” —Oklahoma Insurance Commissioner...
Declarations
Apr 20 2009 // Chinese Drywall Concerns “I believe you’re going to see this is widespread. Anytime you have mounting evidence of potentially toxic goods you have an obligation to act quickly to protect...
Colorado Senate Panel Looks at Workers’ Comp to Fund Higher Ed
Apr 20 2009 // Colorado lawmakers are looking at a plan to take $500 million from the state-created workers’ compensation insurance company to reverse deep cuts in higher education. The Senate Appropriations Committee reviewed the...
Colorado Defeats Unfair Claims Settlement Practices Bill
Apr 20 2009 // Colorado lawmakers voted down SB 103, the Unfair Claims Practices Act. The legislation was killed in the House Health and Human Services Committee in a 6-5 vote. The bill would have “defined as an unfair claim...
Too Big to Fail
Apr 20 2009 // How the Feds Can Address Systemic Risk Without Creating More Bureaucracy America’s market-based economic system once created the largest economic engine in the world and gave this country one of the highest standards...
Colo. Democrats Offer Alternate Budget Cuts
Apr 17 2009 // Democratic legislators in Colorado are offering an alternate package of budget cuts to avoid eliminating $300 million in funding to state colleges and universities, according to plans obtained by The Associated Press. The...
Insurers Violated Maryland Regulations
Apr 17 2009 // A year-long investigation by the Maryland Insurance Administration has found that 67 of the state’s 119 car insurers underpaid claims, Commissioner Ralph S. Tyler said State regulators have fined the companies a...
U.S. Lawmaker Urges AIG CEO Liddy to Quit Over Goldman Sachs Stake
Apr 17 2009 // A U.S. congressman Thursday expressed concern about a stake in Goldman Sachs Group Inc. held by Edward Liddy, CEO of bailed-out insurer American International Group Inc., and urged him to quit. Liddy owns shares and...
Texas Bill Aims to Reverse State High Court Ruling in Work Comp Case
Apr 17 2009 // Texas lawmakers, unhappy with a recent state Supreme Court decision in a high profile workers’ compensation case, have passed out of committee a measure its sponsors say will overturn the Court’s ruling in...
Consumer Advocates Wary of Federal Insurance Regulation Plans
Apr 16 2009 // Some of the nation’s insurance consumer advocates are wary of current proposals for federal regulation of insurance being passed around in Washington. They prefer taking their chances with an imperfect state...
Minnesota Considers Bill That Would Allow Recovery of Interest, Attorney Fees
Apr 15 2009 // Minnesota lawmakers are considering a bill that would allow for recovery of interest and attorney fees for breach of an insurance policy. If passed, SF 528 would allow “an insured who prevails in any claim against an...
Hawaii Commissioner: State Based Insurance Regulation Works
Apr 13 2009 // There’s a need for state-based insurance regulation, according to Hawaii Insurance Commissioner J. P. Schmidt. Speaking to professors and experts in finance from around the world in his keynote speech at the 16th...
Colorado Defeats Unfair Claims Settlement Practices Bill
Apr 10 2009 // Colorado lawmakers voted down SB 103, the unfair claims practices act. The legislation was killed in the House Health and Human Services Committee in a 6-5 vote. The bill, if it had passed, would have “defined as an...
Lawmakers Won’t Bail Idaho Workers’ Comp Fund Out of ‘Pickle’
Apr 10 2009 // Idaho’s Senate Commerce and Human Resources Committee voted 5-4 on April 7 to kill a bill that trial lawyers insisted was aimed at scuttling their three-year-old class-action lawsuit against the Idaho State Insurance...
Pinnacol Exploring Ways to Help Colorado Budget
Apr 10 2009 // Pinnacol Assurance is exploring ways it could use its $2 billion in assets to voluntarily help the state balance its budget even as the state-created insurance company fights legislation that would hand over control of its...
