Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
SEC’s Cox Calls for Closing Financial Services Regulatory Gaps
Oct 24 2008 // The credit crisis shows regulatory gaps need to be closed on credit default swaps and investment bank supervision, the chairman of the U.S. Securities and Exchange Commission said on Thursday. “The lessons of the...
Prosecutor: Ex-Pa. Judge Lied to Collect Insurance
Oct 24 2008 // A since-retired state appellate judge used his title and told lies and half-truths about injuries from a slow-speed fender-bender to collect $440,000 from two insurance companies, a federal prosecutor said Wednesday to...
Lawmakers Blast Rating Agencies for Role in Financial Crisis
Oct 23 2008 // The top executive of Moody’s warned his board in 2007 that the quality of credit ratings was in danger due to trends that could “place the entire financial system at risk.” The confidential briefing was...
Jury Seated in Pennsylvania Judge’s Fraud Trial
Oct 23 2008 // Six men and six women have been selected as jurors in the federal fraud trial of a retired Pennsylvania appellate judge in Pittsburgh and opening statements are expected to begin. Ex-Superior Court Judge Michael Joyce is...
Jury Picks, Opening on Tap in Fraud Trial of Former Pennsylvania Judge
Oct 22 2008 // Jury selection is expected to wrap up in the federal fraud trial of a retired Pennsylvania appellate judge in Pittsburgh. Retired Superior Court Judge Michael Joyce is charged with mail fraud and money laundering because...
Illinois Judge Tosses Out Confession in Arson Case
Oct 22 2008 // An Illinois judge has tossed the confession of an East Peoria man accused of setting fire to a Peoria Heights house, ruling it was coerced by police who threatened him with charges of attempted murder. Monday’s...
Survey: U.S. Firms Prepare for Rise in Litigation After Two Years of Declines
Oct 21 2008 // Following two straight years of reporting declines in the number of new lawsuits and regulatory proceedings — including a drop in large-dollar cases — U.S. companies now anticipate an uptick in new actions and...
Global Crisis Dominates A.M. Best’s London Conference
Oct 20 2008 // The by now all too familiar litany of the world’s financial woes took pride of place at A.M. Best’s well-attended conference (over 240 attendees) in London on October 15. Roger Sellek, the rating agency’s...
Bermuda Lauds IMF’s Positive Assessment of Regulations
Oct 20 2008 // The Bermuda Monetary Authority (BMA) issued a bulletin welcoming the recently released report by the International Monetary Fund (IMF), which gave the island high marks for its regulatory system. The bulletin noted that...
Lawmaker Wants Details on How AIG is Spending U.S. Loan
Oct 20 2008 // A top U.S. lawmaker has asked the chief executive of American International Group for details on how the company has used its $123 billion of taxpayer rescue funding so far. Rep. Henry Waxman, chairman of the U.S. House...
Insurance Fraud Case Set for Ex-Pennsylvania Judge
Oct 20 2008 // After a fender-bender in 2001, a Pennsylvania appellate judge claimed he was left in constant pain, unable to golf or swim or even at times hold a cup of coffee steady. Yet the following year, prosecutors say, he was...
Reputational Risk: Is It Time for Bankers to Risk an Apology?
Oct 20 2008 // No-one expects a fallen Master of the Universe to say sorry. But academics say an apology — for all the litigation risk it entails — can be the basis of revitalised confidence and trust. With global markets...
Texas Supreme Court Revisits Workplace Injury Case
Oct 20 2008 // The Supreme Court of Texas recently held a rare rehearing of a unanimous decision listening to arguments about whether it erred last year in ruling that a contract employee who suffered on-the-job injuries couldn’t...
Kan. Department Steps Up Monitoring of Brooke Franchise Legal Issues
Oct 20 2008 // The Kansas Insurance Department is following up on consumer inquiries and closely monitoring the legal issues surrounding Brooke Corp. and its insurance related affiliates, said Sandy Praeger, Commissioner of Insurance and...
The Era of Re-Regulation is Upon Us
Oct 20 2008 // Although the nation’s attention is focused on the financial crisis it is worth thinking about how this mess will affect attitudes toward government intervention. The July issue of The Atlantic magazine, published...
The Era of Re-Regulation is Upon Us
Oct 20 2008 // Regulatory Competition Is Not the Problem; It’s Part of the Solution Not only is regulation back in vogue, but regulatory competition also appears to be on its way out of fashion. Although the nation’s...
New York, Bermuda Sign Regulatory Working Pact
Oct 20 2008 // Insurance regulators in New York and Bermuda have agreed to closer cooperation in overseeing insurance matters. New York State Insurance Superintendent Eric Dinallo and Matthew Elderfield, chief executive officer of the...
The Era of Re-Regulation is Upon Us
Oct 20 2008 // Regulatory Competition Is Not the Problem; It’s Part of the Solution Not only is regulation back in vogue, but regulatory competition also appears to be on its way out of fashion. Although the nation’s...
Insurers Need to Beware of Business ‘Red Flags’
Oct 20 2008 // Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the...
Wisconsin Insurance Commissioner Sean Dilweg
Oct 20 2008 // From tornadoes, hail and flooding to the impact of the AIG bailout and the federal versus state regulation debate, Sean Dilweg has a lot on his plate as Wisconsin’s insurance commissioner. Appointed by Wisconsin...
