Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Texas Review Board Says Insurance Department Works, Offers Changes
May 22 2008 // Staff of the Texas Sunset Advisory Commission says the Texas Department of Insurance functions well but that the state’s “overall approach to insurance regulation,” may need tweaking. State agencies in...
Florida Office of Insurance Regulation Offers Rate Filing Seminar
May 21 2008 // The Florida Office of Insurance Regulation has scheduled a symposium to instruct insurance company representatives to make rate filings more accurate and complete and in compliance with Florida law. The information session...
Judge: Evidence Showed Greenberg Phone Call in AIG/General Re Case
May 21 2008 // A U.S. judge who oversaw the trial of executives accused of helping American International Group Inc. inflate reserves said there was sufficient evidence to show the conspiracy started with a phone call from the...
Minnesota Governor Signs Flood Insurance Disclosure Bill
May 20 2008 // Minnesota Gov. Tim Pawlenty signed a bill on May 14th that requires insurance companies and agents to notify homeowners annually if their insurance policies do not include flood coverage. The required notice will say the...
Memo to State Insurance Regulators: Pack Your Bags!
May 20 2008 // It’s time for the group representing the states’ insurance regulatory experts to pack up its bags, computers and name badges — and move to Washington, D.C. The National Association of Insurance Commissioners...
Judge Rejects New Trial for Convicted Gen Re, AIG Executives
May 20 2008 // A federal judge has rejected requests to overturn the convictions of five former insurance company executives in a scheme to manipulate the financial statements of the world’s largest insurance company. The four...
After Verdict in Abuse Case, Vermont Judge Puts Lien on Church
May 20 2008 // A judge has agreed to put a lien of more than $10 million on property including the headquarters of the Roman Catholic Diocese of Burlington, Vermont, to secure damages won by the plaintiff in a suit alleging sexual abuse...
U.S. Insurers Face Uphill Battle to Alter Foreign Insurers’ Tax Break
May 19 2008 // A coalition of U.S. insurers is calling on lawmakers to close a tax loophole that helps foreign insurers, and although it has won the support of presidential hopeful Hillary Clinton, it faces a harder task convincing...
Mass. Auto Competition Heats Up – Over Rules and Regulations
May 19 2008 // Existing carriers call high risk exemption for newcomers unfair; agents say Progressive’s Web site misleads After a month of operating under a new managed competition system for auto insurance, Massachusetts is...
New York Agents Seek to Curb State-backed Workers’ Comp Insurer
May 19 2008 // A trade group for New York insurance agents wants to rewrite the laws governing the New York State Insurance Fund — a nonprofit state agency that is the state’s largest workers’ compensation insurer — to...
Trucking Under the Influence
May 19 2008 // Number of Drug and Alcohol Abusing Truckers Unknown It is estimated that somewhere between 1 percent and 10 percent of drivers of commercial or “big rig” trucks are operating under the influence of drugs or...
NAIC: Pack Your Bags!
May 19 2008 // The National Association of Insurance Commissioners (NAIC) currently makes its home in Kansas City. For most situations, this works well, particularly with telecommuting, videoconferencing and e-mail. It even worked well...
Trucking Under the Influence
May 19 2008 // Number of Drug and Alcohol Abusing Truckers Unknown It is estimated that somewhere between 1 percent and 10 percent of drivers of commercial or “big rig” trucks are operating under the influence of drugs or...
Declarations
May 19 2008 // Judge in Awe “I have never experienced anything like these 124 cases in my 15 years on the bench. These cases have generated a tremendous amount of publicity, both in West Virginia and nationally. These are not...
Florida’s Adding to Citizens’ Risk Worries CFO Sink
May 19 2008 // Florida lawmakers rolled the dice again on May 1, signing off on a new insurance bill that does little to alleviate Florida’s risky stakes in the marketplace, according to industry executives and many lawmakers. A...
Arizona Passes Captive Insurance Legislation
May 19 2008 // The Arizona Legislature has passed a bill designed to allow captive insurers to cover employment practices liability risk and remove the requirement that at least one incorporator be a resident of the state. Captive...
Oklahoma Governor Vetoes Lawsuit Reform Bill
May 19 2008 // Oklahoma Gov. Brad Henry in mid-May vetoed lawsuit reform legislation he said conflicts with an Oklahoma Supreme Court decision on a similar bill that the court found unconstitutional two years ago. Henry vetoed the...
Nevada Insurance Regulator to Retire
May 19 2008 // Longtime Nevada Insurance Commissioner Alice Molasky-Arman has decided to retire effective Sept. 7, 2008, after a long regulatory career. Molasky-Arman was named commissioner in 1995 and has served under three governors....
Colorado Bill Gives Regulator Authority to Demand Insurance Compensation
May 19 2008 // Colorado Gov. Bill Ritter has signed a bill that will allow the state Department of Regulatory Agencies (DORA), and its Division of Insurance the legal authority to demand that insurance companies or agents compensate...
NAIC: Pack Your Bags!
May 19 2008 // The National Association of Insurance Commissioners (NAIC) currently makes its home in Kansas City. For most situations, this works well, particularly with telecommuting, videoconferencing and e-mail. It even worked well...
