Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Alabama House Could Vote Today to End Permit Requirement for Concealed Guns
Feb 22 2022 // The Alabama House of Representatives could vote as soon as today on legislation to do away with the requirement for a person to get a permit to carry a concealed handgun in public. House Speaker Mac McCutcheon said there...
Allianz Fires 2 Asset Managers Who Ran Group of Collapsed Investment Funds
Feb 22 2022 // Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive losses when the spread of coronavirus triggered wild market swings, according to regulatory...
UK to Ease Solvency II Insurance Capital Rules to Unlock ‘Billions of Pounds’
Feb 22 2022 // Britain will unlock “tens of billions of pounds” of insurance sector capital that should boost the economy through infrastructure investment, financial services minister John Glen said on Monday. The...
Another Big Insurer Stops Writing Homeowners Policies in Florida
Feb 21 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state — while also asking for a rate...
How Autonomous Car Companies Are Outrunning U.S. Regulators And Lawmakers
Feb 21 2022 // Self-driving vehicle companies from Tesla Inc. to General Motors Co.’s Cruise are racing to start making money with their technology, outrunning efforts by regulators and Congress to write rules of the road for...
Insurers Could Get Lower Rates on Liquidity with Bills in States
Feb 21 2022 // Many in the insurance industry may think of the Federal Home Loan Bank as an agency that facilitates affordable mortgages for homes. The system, founded in the waning days of the Herbert Hoover administration to support...
Insurtech Startup Slide Agrees to Take On Troubled St. Johns HO Business
Feb 18 2022 // Things are moving fast in Florida’s distressed property insurance market. Just days after St. Johns Insurance Co. announced it would stop writing new homeowner business in Florida, the Demotech rating agency withdrew...
Judge Says Trumps Must Testify in New York Civil Probe
Feb 18 2022 // A New York judge ruled on Thursday that former U.S. President Donald Trump and two of his adult children must answer questions under oath within 21 days in the state attorney general’s civil probe into their family...
North Dakota Governor Calls For Increased Cybersecurity
Feb 18 2022 // Local governments should refrain from raising property taxes and lawmakers need to invest more to guard against ever-increasing cybersecurity attacks, North Dakota Gov. Doug Burgum said Feb. 16 in his State of the State...
Canada’s Crackdown on Trucker-Protest Funding May Be Challenge for Insurers, Banks
Feb 18 2022 // Canada roped in banks to help cut funding to protesters against COVID-19 mandates this week, but the requested speed and broad scope of the measures leaves financial institutions to their own devices in enforcing most of...
Could the Musk-Lara Smackdown Offer a Way Forward on Prop 103?
Feb 17 2022 // When an obscure provision of a state’s 1988 insurance law makes the news, it’s often confined to the pages of Insurance Journal. However, when the world’s richest man tweets about that law in the course...
Louisiana Lawmakers Launch Probe Into Fatal Arrest of Black Motorist
Feb 17 2022 // Declaring “no cover-up will be tolerated,” Louisiana’s top GOP lawmaker announced a bipartisan legislative investigation into the deadly 2019 arrest of Black motorist Ronald Greene, an inquiry that will...
Judge Told Release of Insurance Info OK in New Mexico Clergy Abuse Case
Feb 17 2022 // A federal judge has been told that Archdiocese of Santa Fe records that would indicate how much insurance money is available to help pay a settlement of clergy sex abuse claims can be made public if they are redacted to...
Florida Insurance Rescue Bills Move Closer to Becoming Law
Feb 17 2022 // Two bills that many in the insurance industry hope will solve some of Florida’s worsening property insurance problems moved a step closer to becoming law Wednesday when they passed a key Senate subcommittee. The...
Heat Wave Early Warning, Ranking System Proposed in California
Feb 16 2022 // A pair of California legislators and the state’s insurance commissioner are pushing a bill to create an early warning system for heatwaves. California State Assembly Members Luz Rivas (D-San Fernando Valley) and...
Fewer Crashes After Utah Sets Nation’s Strictest DUI Law, Study Shows
Feb 16 2022 // Traffic deaths decreased in Utah after the state enacted the strictest drunken driving laws in the nation five years ago, new research published by a U.S. government agency shows. The findings, which pertain to fatalities...
Insurance Broker Hengguang Among Chinese Firms Filing Small New York IPOs
Feb 15 2022 // At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end to a months-long freeze after an unprecedented clampdown last year by Chinese...
Judge Throws Out Palin Defamation Suit But Still Wants Jury to Issue Verdict
Feb 14 2022 // A U.S. judge said on Monday he will throw out Sarah Palin’s defamation lawsuit against the New York Times, after concluding that an editorial in the newspaper did not maliciously link the former Alaska governor and...
Texas Supreme Court Rules Golf Cart Accident Isn’t Covered in District’s Auto Liability Policy
Feb 14 2022 // The Texas Supreme Court recently ruled that injuries suffered in a golf cart at a school isn’t covered in an auto liability policy held by the school district. In Pharr–San Juan–Alamo Independent School District,...
California Lawmakers Pushing Bill to Require Vaccines for All Employees
Feb 14 2022 // California would mandate that all businesses require their employees and independent contractors to receive the COVID-19 vaccine under legislation announced Friday by Democratic state lawmakers that was immediately...
