Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Bipartisan Bill Targets ‘Cozy’ Ties Between Airlines, Safety Agency
Jul 17 2008 // A bipartisan group of lawmakers introduced a bill this week aimed at ending the Federal Aviation Administration’s sometimes cozy relationship with the airline industry and reversing purported complacency on safety...
Insurance Legislators to Regulators: Slow Down Market Conduct Plan
Jul 16 2008 // Naming critical concerns regarding confidentiality and authority, the National Conference of Insurance Legislators (NCOIL) advised a slowdown of a market conduct annual statement (MCAS) proposal being considered by the...
North Dakota Lawmakers Want Review of Agency Spending
Jul 16 2008 // North Dakota legislators say the spending policies of state agencies should get a fresh look to make sure other administrators don’t find themselves facing criminal charges and prison time. Sandy Blunt, the former...
Economic Downturn Dooms Florida Hurricane Supplies Tax Break
Jul 14 2008 // Economic woes have forced Florida lawmakers to ax a pair of popular tax breaks as parents prepare to return their children to school next month and the state readies itself for hurricane season. Prompted by dismal revenue...
Judge Reduces Award to West Virginia Surgeon in Malpractice Insurance Case
Jul 14 2008 // A judge in West Virginia reduced by more than half a jury’s multimillion-dollar award to a Charleston surgeon whose hospital privileges were wrongfully revoked. A Kanawha County jury in February awarded Dr. R.E....
Congress Debates Regulation; Treasury Urges Federal Insurance Option
Jul 10 2008 // Congress began debating financial regulatory reform today, with the Bush Administration advocating a dual federal and state regulatory system for insurance companies similar to the banking system as part of the...
House Subcommittee Moves Key Federal Insurance Regulation Bills
Jul 10 2008 // In a big week for insurance lobbyists, a key House subcommittee advanced three major insurance regulatory measures. The U.S. House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored...
Judge Recuses Self from Kentucky Fen-Phen Retrial
Jul 9 2008 // The federal judge who oversaw the eight-week trial of two lawyers accused of conspiring to defraud their clients out of $65 million in a diet-drug settlement won’t handle the retrial. U.S. District Judge William O....
Mass. Allows Liquor Liability JUA to Expand as Hospitality Mutual
Jul 8 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...
Interview: N.Y.’s Dinallo Sees Insurance Exchange Open by 2009
Jul 8 2008 // New York Insurance Superintendent Eric Dinallo said Monday a revival of the defunct New York Insurance Exchange could happen as early as next year. Dinallo, in a telephone interview from New York, said the next 18 months...
U.S. Supreme Court Seen Siding with Business on Key Issues
Jul 8 2008 // The Supreme Court under Chief Justice John Roberts has carved out a reputation for pro-business rulings in a series of important decisions. In its recently ended term, the high court threw out the largest punitive damages...
Nation’s Insurance Commissioners Search for New CEO; Weatherford Exits
Jul 7 2008 // Catherine J. Weatherford, executive vice president and CEO of the National Association of Insurance Commissioners (NAIC) for the past 12 years, confirmed reports that she will be leaving the association. Weatherford is...
N.Y. Engineers Rescue of Workers’ Comp Trusts
Jul 7 2008 // But Those Involved with 14 Failed Trusts Remain on the Financial Hook New York State lawmakers have authorized $52 million from an emergency state fund to assure uninterrupted payment of benefits of injured workers whose...
Contingent Commissions Legal, N.Y. Court Rules
Jul 7 2008 // In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...
National Insurer Wants to Include Flood Coverage in Home Policies
Jul 7 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...
Court Rules Contingent Commissions Legal
Jul 7 2008 // In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...
Less Regulation is ‘More,’ PCI Ceo Says
Jul 7 2008 // David Sampson, CEO of the Property Casualty Insurers Association of America (PCI), thinks most public policy makers want to do the right thing but they too often get hung up on clouded rhetoric and misleading media...
National Insurer Wants to Include Flood Coverage in Home Policies
Jul 7 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...
California Considering Pay-As-You-Drive Auto Insurance
Jul 7 2008 // Price at the Gas Pump Spurring Assembly Bill, DOI Regulation California’s Department of Insurance as well as state legislators are considering bringing pay-as-you-drive automobile insurance to the state, a system in...
Texas High Court Rules Contractor Not at Fault in Jail Death
Jul 3 2008 // The Texas Supreme Court has ruled that the descendents of a man who was found hanged with a telephone cord in a jail cell have no standing to recover damages from the contractor that supplied the telephone. In JCW...
