Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Insurance Group Seeks Rebate Resolution in Iowa
Aug 12 2008 // Iowa’s law on insurance rebates is clear, and the Des Plaines, Ill.-based the Property Casualty Insurers Association of America (PCI). The national group is urging the Insurance Commissioner Susan Voss to work with...
Bermuda Monetary Authority Sets New Solvency II Compliant Rules
Aug 11 2008 // The Bermuda Monetary Authority (BMA – www.bma.bm) has announced what it describes “significant enhancements to Bermuda’s solvency and disclosure regulations for insurance.” Specifically the BMA said...
California Senate Committee Passes Pay-As-You-Drive Legislation
Aug 8 2008 // Legislation that would allow insurers to more accurately base auto insurance premiums exactly on how many miles a motorist drives passed the California Senate Appropriations Committee. Proposition 103 requires insurers to...
Aon Urges Early Preparation for Solvency II
Aug 6 2008 // Aon has issued a bulletin urging European Union insurers to “learn from the work undertaken by their banking colleagues in implementing the Basel II accord and start preparing for Solvency II now.” The...
West Virginia Officials Rip Proposed Shelter Regulations
Aug 5 2008 // Officials in West Virginia, the country’s largest underground coal-producing state, lashed out against proposed federal regulations that would mandate airtight emergency refuges in more than 600 underground coal...
Iowa Lawmakers Say More Disaster Funding Expected
Aug 5 2008 // Three members of Iowa’s congressional delegation say House Speaker Nancy Pelosi has assured them that Congress will provide more disaster-related funding. Reps. Leonard Boswell, Bruce Braley and Dave Loebsack, all...
Contingent Commissions Legal, N.Y. Court Rules
Aug 4 2008 // In a twist to a scandal that has rocked the insurance industry in the past several years, a New York appeals court recently ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...
Missouri Judge Dismisses $7 Million in Fines Against Allstate
Aug 4 2008 // A Jackson County, Mo., judge agreed on July 23, 2008, to throw out a contempt order against Allstate Insurance after determining the company had finally complied with his directions to release confidential documents. The...
Washington To Host Public Hearings on Crane Safety Regulations
Aug 3 2008 // Washington’s Department of Labor & Industries has scheduled five public hearings on proposed rules implementing legislation that requires higher standards for construction cranes and crane operators. The...
Kentucky Insurance Legislation Affects Compensation and Investments
Jul 31 2008 // Kentucky lawmakers adopted insurance legislation during the 2008 regular legislative session that will affect agents and carriers working in the state. The Insurance Producer Modernization bill (HB 334) allows an agent to...
Senate Banking Committee Urged to Back Federal Insurance Regulation
Jul 30 2008 // The U.S. regulatory structure for the insurance industry puts companies at a disadvantage overseas and stifles innovation and competition for consumers, the industry told U.S. lawmakers Tuesday. At a Senate Banking...
New York Governor Signs Late-Notice Reform Bill
Jul 29 2008 // New York Gov. David A. Paterson has signed into law legislation that makes it more difficult for insurers to deny claims based on “late notice” provisions. The legislation requires insurers to clearly...
Nev. Court Rules Workers’ Comp OK in Some Suicide Cases
Jul 28 2008 // In a precedent-setting case, the Nevada Supreme Court held last Thursday that worker comp benefits can go to families of people who kill themselves if an industrial accident broke down their “rational mental...
Democrats Press Labor Department on OSHA Rule on Chemical Exposure
Jul 25 2008 // Leading lawmakers this week accused the Bush administration of acting in secret to make it harder to limit worker exposure to carcinogens and other dangerous chemicals in the workplace. The Labor Department is trying...
Missouri Judge Dismisses $7 Million in Fines Against Allstate
Jul 25 2008 // A Jackson County judge agreed on Wednesday, July 23 to throw out a contempt order against Allstate Insurance after determining the company had finally complied with his directions to release confidential documents. The...
Economic, Insurance Reforms Possible in India Following Parliament Vote
Jul 24 2008 // India’s government has regained political momentum after surviving a confidence vote in parliament, but optimistic talk about restarting stalled economic reforms could be overblown, analysts said. Economists say the...
Iowa Lawmaker Proposes Tax Breaks for Flood Victims
Jul 23 2008 // A Democratic state senator from Iowa who represents an area hit hard by record flooding is suggesting the state grant a one-year hiatus in property tax collections to regions most affected by the disaster. “Some of...
Rhode Island Toughens Social Host Liability and Underage Drinking Laws
Jul 23 2008 // Rhode Island Gov. Donald Carcieri has signed legislation approved by the General Assembly to strengthen the so-called “social host” law and address a number of other issues regarding underage drinking and...
Commerce Insurance Tops Massachusetts’ Lobbyist-Spending List
Jul 18 2008 // Special interest groups trying to influence policy and legislation on Beacon Hill aren’t letting a poor economy slow them down, spending 13 percent more on lobbyists in the first six months of this year than the same...
Massey, ICG Cited for West Virginia Fatal Mine Accidents
Jul 17 2008 // Safety violations by prominent eastern U.S. coal mine operators Massey Energy Co. and International Coal Group contributed to the deaths of two miners in accidents last May, West Virginia officials said July 15. Each...
