Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
California Commissioner Proposes Pay-As-You-Drive Regulations
Aug 27 2008 // California Insurance Commissioner Steve Poizner has proposed regulations that would make green auto insurance option available for California consumers. If implemented, pay-as-you-drive auto insurance would allow motorists...
State Farm Handed Win in Texas Rate Dispute Case
Aug 25 2008 // A state appeals court ruled Aug. 22 that Texas insurance regulators did not have the authority to issue a disciplinary order against State Farm Lloyds, the state’s largest home insurer, for charging rates it had...
Michigan Court Upholds Ban on Credit Scoring in Insurance
Aug 25 2008 // Insurance companies in Michigan no longer will be able to use customers’ credit scores to set home and auto insurance premiums if a state Court of Appeals ruling stands. The 2-1 decision released Friday, August 22...
Financial Regulation Reform — But Not Paulson’s — Likely in 2009
Aug 25 2008 // Efforts to overhaul U.S. financial regulation are seen gathering pace early next year, as a new Congress and administration seek to safeguard public money put at risk by recent rescue measures. The Federal Reserve’s...
Study Finds Economic Costs of Federal Cat Legislation Burdensome
Aug 22 2008 // Natural catastrophe legislation passed by the U.S. House of Representatives and pending in the U.S. Senate would create a multi-billion dollar burden on taxpayers in at least 20 states, according to a new study released...
Sunset Report Says Texas Homebuilder Agency Should Go
Aug 21 2008 // The Texas Residential Construction Commission should be abolished because it is ineffective and frustrates homeowners trying to get builders to address defects in their homes, according to a state agency review. Created in...
By Lilla Zuill
Aug 21 2008 // The exchange would allow underwriters to form syndicates to reinsure and insure unusual or very large exposures. N.Y.’s Dinallo Sees Insurance Exchange Open by 2009 New York Insurance Superintendent Eric Dinallo said...
Mass. LLJUA Becomes Competitive Hospitality Mutual
Aug 21 2008 // Massachusetts lawmakers have approved legislation converting the state’s liquor liability insurer of last resort into a competitive mutual insurance company offering liquor liability insurance to the entire...
Golf Carts on Kentucky Roads Must be Insured
Aug 21 2008 // Kentucky golfers and anyone who owns a golf cart within five-miles of a golf course entrance have the go-ahead to putter around on public roadways, per recent legislation. While the golf cart does not meet the...
National Insurer Wants to Include Flood Coverage in Home Policies
Aug 21 2008 // One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid...
Responding to an Insurance Department Request for Assistance
Aug 21 2008 // providing [the Department of Insurance] a well-crafted response. Receiving a letter from the California Department of Insurance concerning a customer’s complaint is truly an unsettling experience for many agents. The...
NATIONAL COVERAGE
Aug 21 2008 // S&P Says Nationals Safe, While Midwest- Focused Insurers at Risk N2 | Washington Report House Subcommittee Moves Key Federal Insurance Regulation Bills N4 | Home Insurers Bitten by $350 Million in Dog Claims Average...
Contingent Commissions Legal, N.Y. Court Rules
Aug 21 2008 // Agent groups praised Liberty Mutual for fighting the battle in court and winning. In a twist to a scandal that has rocked the insurance industry in the past several years, a New York appeals court has ruled that contingent...
By Charles E. Boyle
Aug 21 2008 // From Novelty to Necessity: Bermuda’s Insurance Market 2008 Bermuda’s insurance industry has grown steadily since it began 50 years ago. It is now a mature market, and, in certain sectors – natural...
House Subcommittee Moves Key Federal Insurance Regulation Bills
Aug 21 2008 // By Andrea Wells In a busy month for insurance issues on Capitol Hill, the U.S. House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises marked up bills creating a federal...
Iowa Insurance Division Rescinds Rebate Bulletin
Aug 19 2008 // A national insurance trade group is praising the Iowa Insurance Division over its decision to rescind a bulletin that would restrict gifts and other small items under the heading of charities or advertising. The Property...
U.S. Doctors Say Lawsuits Help Guarantee Drug Safety
Aug 18 2008 // Top doctors who run one of the most influential U.S. medical journals are giving the U.S. Supreme Court some unsolicited legal advice about a major case. Lawsuits can serve as “a vital deterrent” and protect...
Judge: Caesars Atlantic City Discriminated against Men
Aug 15 2008 // Hiring practices to staff the Toga Bar at Caesars Atlantic City casino hotel get a thumbs down from a judge. The judge says Caesars discriminated against male bartenders when they were passed over in favor of young women...
Florida Insurance Commissioner and Allstate Resolve Pending Litigation
Aug 15 2008 // Florida Insurance Commissioner Kevin McCarty announced that the Office of Insurance Regulation reached a limited agreement with the Allstate Companies. The agreement includes a $5 million fine to resolve the ongoing issues...
Mass. Considering Traffic Flaggers Instead of Police at Construction Sites
Aug 14 2008 // Civilian flaggers dressed in orange safety vests could replace police officers at some roadside construction projects as early as October under regulations set to be unveiled by the Patrick administration Wednesday. Police...
