Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Pandemic Brought Surge in Illegal Street Racing Across U.S.
Feb 24 2022 // Jaye Sanford, a 52-year-old mother of two, was driving home in suburban Atlanta on Nov. 21 when a man in a Dodge Challenger muscle car who was allegedly street racing crashed into her head-on, killing her. She is one of...
Florida House Committee Gives Nod to Surplus, Citizens, Fraud Bills
Feb 24 2022 // The Florida House of Representatives’ Commerce Committee passed no fewer than five bills Wednesday that could affect property and casualty insurance, from allowing surplus lines carriers to be based in Florida, to...
IMF Warns Britain About Relaxing High Regulatory Standards for Insurers, Banks
Feb 23 2022 // A push to make London more attractive as a global financial center after Brexit must not threaten high standards of solvency and behavior at banks, insurers and markets, the International Monetary Fund said on...
California Lawmaker Introduces Bill to ‘Restore Ethics and Transparency’ at Department of Insurance
Feb 22 2022 // Citing continuing failures by the California Department of Insurance to maintain public access to government records and efforts to limit public disclosure of communications between insurance industry advocates and the...
Massachusetts House Passes Bill to Let Immigrants Get Driver’s Licenses
Feb 22 2022 // The Massachusetts House has approved a bill that would let immigrants in the country illegally obtain state driver’s licenses. If passed into law, Massachusetts would join 16 other states and the District of Columbia...
Louisiana Department of Insurance Issues Regulatory Actions Against Four Agents
Feb 22 2022 // The Louisiana Department of Insurance (LDI) has issued a series of regulatory actions, including cease-and-desist orders, license suspensions, and a license revocation and fine, against four insurance producers. Brandi...
COVID Underscores Lack of Whistleblower Protections
Feb 22 2022 // Originally posted on Stateline, an initiative of The Pew Charitable Trusts. Inside a partially completed Amazon warehouse here, workers last summer walked on conveyor belts four stories high without safety harnesses,...
Alabama House Could Vote Today to End Permit Requirement for Concealed Guns
Feb 22 2022 // The Alabama House of Representatives could vote as soon as today on legislation to do away with the requirement for a person to get a permit to carry a concealed handgun in public. House Speaker Mac McCutcheon said there...
Allianz Fires 2 Asset Managers Who Ran Group of Collapsed Investment Funds
Feb 22 2022 // Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive losses when the spread of coronavirus triggered wild market swings, according to regulatory...
UK to Ease Solvency II Insurance Capital Rules to Unlock ‘Billions of Pounds’
Feb 22 2022 // Britain will unlock “tens of billions of pounds” of insurance sector capital that should boost the economy through infrastructure investment, financial services minister John Glen said on Monday. The...
Another Big Insurer Stops Writing Homeowners Policies in Florida
Feb 21 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state — while also asking for a rate...
How Autonomous Car Companies Are Outrunning U.S. Regulators And Lawmakers
Feb 21 2022 // Self-driving vehicle companies from Tesla Inc. to General Motors Co.’s Cruise are racing to start making money with their technology, outrunning efforts by regulators and Congress to write rules of the road for...
Insurers Could Get Lower Rates on Liquidity with Bills in States
Feb 21 2022 // Many in the insurance industry may think of the Federal Home Loan Bank as an agency that facilitates affordable mortgages for homes. The system, founded in the waning days of the Herbert Hoover administration to support...
Insurtech Startup Slide Agrees to Take On Troubled St. Johns HO Business
Feb 18 2022 // Things are moving fast in Florida’s distressed property insurance market. Just days after St. Johns Insurance Co. announced it would stop writing new homeowner business in Florida, the Demotech rating agency withdrew...
Judge Says Trumps Must Testify in New York Civil Probe
Feb 18 2022 // A New York judge ruled on Thursday that former U.S. President Donald Trump and two of his adult children must answer questions under oath within 21 days in the state attorney general’s civil probe into their family...
North Dakota Governor Calls For Increased Cybersecurity
Feb 18 2022 // Local governments should refrain from raising property taxes and lawmakers need to invest more to guard against ever-increasing cybersecurity attacks, North Dakota Gov. Doug Burgum said Feb. 16 in his State of the State...
Canada’s Crackdown on Trucker-Protest Funding May Be Challenge for Insurers, Banks
Feb 18 2022 // Canada roped in banks to help cut funding to protesters against COVID-19 mandates this week, but the requested speed and broad scope of the measures leaves financial institutions to their own devices in enforcing most of...
Could the Musk-Lara Smackdown Offer a Way Forward on Prop 103?
Feb 17 2022 // When an obscure provision of a state’s 1988 insurance law makes the news, it’s often confined to the pages of Insurance Journal. However, when the world’s richest man tweets about that law in the course...
Louisiana Lawmakers Launch Probe Into Fatal Arrest of Black Motorist
Feb 17 2022 // Declaring “no cover-up will be tolerated,” Louisiana’s top GOP lawmaker announced a bipartisan legislative investigation into the deadly 2019 arrest of Black motorist Ronald Greene, an inquiry that will...
Judge Told Release of Insurance Info OK in New Mexico Clergy Abuse Case
Feb 17 2022 // A federal judge has been told that Archdiocese of Santa Fe records that would indicate how much insurance money is available to help pay a settlement of clergy sex abuse claims can be made public if they are redacted to...
