Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Judge Rules in Michigan Lawsuit Against Blue Cross
Oct 9 2008 // An Ingham County judge has ruled for and against Blue Cross Blue Shield in its defense against a state lawsuit accusing the insurer of illegally shifting money to help buy three workers’ compensation...
Former AIG Executives Draw Fire from U.S. Lawmakers
Oct 8 2008 // Lawmakers criticized American International Group Inc. Tuesday for ignoring financial warnings and for executive compensation deals and lavish spending, including a company gathering at an expensive resort just days after...
Texas Lawmakers to Review Ike Damage and State’s Response
Oct 8 2008 // Texas House of Representatives Speaker Tom Craddick has created a House Select Committee on Hurricane Ike Storm Devastation to the Texas Gulf Coast. The committee will be charged with reviewing the state and local...
Louisiana Regulator Honored by National Insurance Society
Oct 8 2008 // Ron Musser, the assistant commissioner of Financial Solvency for the Louisiana Department of Insurance, has received the Al Greer Achievement Award from the Insurance Regulatory Examiners Society (IRES), the department...
Pressure Rising for Tighter Regulation of Insurance, Financial Services
Oct 7 2008 // With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months. Further-reaching regulation is almost certain. Previously obscure corners of...
Louisiana Lawmakers Seek Limit on Named Storm Deductibles
Oct 7 2008 // Key Louisiana lawmakers plan to challenge property insurers by trying to limit the special deductibles they can impose when homes are damaged by tropical storms and hurricanes. The so-called “named-storm”...
AIG Had Early Warning from Government Regulators on Risk, Says House Chairman
Oct 7 2008 // U.S. regulators sent a letter to American International Group Inc. in March warning of its lack of transparency and ability to oversee its financial products, a top Democratic lawmaker said Tuesday. Rep. Henry Waxman, who...
New York to Oversee AIG Sales; Regulate Credit Swaps as Insurance
Oct 6 2008 // New York State Insurance Superintendent Eric Dinallo, who heads a national panel of state regulators overseeing possible sales of assets by American International Group (AIG), has asked an investment advisory firm to...
Lawmaker Calls for AIG Internal Documents
Oct 6 2008 // Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked the new chief executive officer at American International Group Inc. to give his committee internal documents related to...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Declarations
Oct 6 2008 // Federal vs. state—AIG “This argument is fundamentally flawed because it is based on a totally inaccurate assumption of facts. First and foremost, AIG is not an insurance company; it is a federally-regulated holding...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group —...
Lawmaker Calls for AIG Internal Documents
Oct 6 2008 // Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked the new chief executive officer at American International Group Inc. to give his committee internal documents related to...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group —...
Insurers Need to Beware of Business ‘Red Flags’
Oct 6 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...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Lessons Learned from the AIG Crisis
Oct 6 2008 // Insurance Journal‘s exclusive “AIG in Crisis Survey” asked independent agents: What insurance, management, economic, regulatory or other lessons the industry and public should learn from AIG’s...
State Regulators Blast Federal Regulation Advocates Over AIG
Oct 6 2008 // State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal...
ID Theft Insurance: Oasis or Mirage?
Oct 6 2008 // Is It Worth Recommending to Valued Agency Clients? A client concerned about identity theft might consider moving to the Dakotas. It’s best to stay away, however, from Arizona, California, Nevada, Texas, Florida and...
