Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Insurer Group Sees Tennessee Legislation as Victory for Insured Drivers
Apr 4 2008 // Tennessee drivers scored a major legislative victory with the passage of a new law that stops cities from imposing hidden taxes on motorists, according to the Property Casualty Insurers Association of America. The...
Florida Court Rules Allstate Suspension Back in Effect
Apr 4 2008 // The First District Court of Appeals of Florida ruled today that a suspension of Allstate Insurance Company’s certificates of authority to transact new insurance business in Florida is back in effect. Today’s...
Impaired Driver Bill Advances in Tennessee Senate
Apr 3 2008 // A proposal to lower the blood alcohol content required for a person to be guilty of extreme drunken driving is among several impaired driving bills slowly moving in the Tennessee Legislature. The measure sponsored by Sen....
Marsh Warns Companies of Risks in Japan’s ‘Sarbanes-Oxley’ Legislation
Apr 2 2008 // Marsh issued a warning to UK companies from its London office that their “subsidiaries and affiliates of Japanese firms,” face some new risks in association with “new Japanese legislation relating to...
Bermuda Monetary Authority Launches New Web Site for Regulations
Apr 1 2008 // The Bermuda Monetary Authority (BMA) has launched a new web site that provides an unprecedented level of detail about Bermuda’s regulatory standards online. The BMA stated that the new site, which went live today,...
Ohio Judge Says City Can Go Forward with Lead Paint Lawsuit
Apr 1 2008 // A federal judge dismissed a lawsuit filed by Sherwin-Williams Co. that sought to keep the city from suing the company to help pay for the cleanup of properties contaminated with lead paint. Sherwin-Williams failed to prove...
Some U.S. Homes Now Worth Less Than Their Copper Pipes
Apr 1 2008 // Shards of broken glass outside the basement window of 31 Vine Street (Brockton, Mass.) hint at the destruction inside the three-story home. Thieves smashed the window to break in and then gutted the property for its copper...
South La. Lawmakers Seek Rate Cut for Citizens Policyholders
Mar 31 2008 // South Louisiana lawmakers are pushing to give some homeowners a 10 percent break on their property insurance, though the legislation faces firm opposition from state Insurance Commissioner Jim Donelon. The bill could erase...
Vermont Mulls Lowered DUI Limit
Mar 31 2008 // The chairman of the Judiciary Committee in the Vermont House says he’d like lawmakers to consider lowering the threshold at which a driver is drunk behind the wheel from a blood-alcohol content of .08 percent to a...
Industry Lines Up ‘Pro and Con’ on Bush Plan for Federal Insurance Regulator
Mar 31 2008 // Insurance industry groups are lining up quickly with responses to the Bush administration’s proposed overhaul of the way the government regulates the nation’s financial services industries, including...
Mississippi High Court Suspends Judge Involved in Scruggs Case
Mar 31 2008 // The Mississippi Supreme Court suspended a prominent judge last week who is being investigated for his role in a dispute over fees involving attorney Richard “Dickie” Scruggs. The court sided with the...
Bush Financial Regulation Overhaul Includes Federal Insurance Regulator
Mar 31 2008 // The Bush administration is proposing a sweeping overhaul of the way the government regulates the nation’s financial services industry from banks and securities firms to mortgage brokers and insurance companies. The...
ACE China Partner to Offer Pollution Coverage
Mar 31 2008 // The ACE Group of Companies announced that Huatai Insurance Company of China Limited, an ACE Group strategic partner, has received approval from the China Insurance Regulatory Commission (CIRC) to become one of the first...
Former Mass. Sen. Jacques Approved as Mass. Workers’ Comp Judge
Mar 28 2008 // A former state senator has been confirmed to be a judge at the Department of Industrial Accidents, despite questions about her qualifications and concern about a political account she plans to maintain on the bench. The...
California Workers’ Comp Insurance Rating Bureau Not Filing Mid-Year Rate Change
Mar 28 2008 // The Workers’ Compensation Insurance Rating Bureau of California has announced it has decided not to file for a mid-year pure premium rate change. Accepting a recommendation made by the WCIRB Actuarial Committee, the...
U.S. Sen. Schumer Urges U.K.-Like Single Financial Regulator
Mar 28 2008 // Sen. Charles Schumer, D-N.Y., on Friday called for a rethinking of the U.S. financial regulatory system, perhaps moving toward a single regulator, following the collapse this month of Bear Stearns Cos. In an opinion...
Ohio Governor Signs Physician Insurance Contract Reform Bills
Mar 26 2008 // In a ceremony attended by Ohio’s physician leaders, Governor Ted Strickland today signed House Bill 125, some refer to as the most sweeping physician-insurance industry contract reform bills in the country, into...
U.S. Capital Markets Seen Losing Ground to Global Competitors
Mar 26 2008 // U.S. capital markets again lost ground against global competitors last year, highlighting the need to streamline regulation and crack down on excessive securities litigation, industry experts said Wednesday. The United...
Critics Question Insurer Exemption from N.H. Consumer Protection Law
Mar 25 2008 // The subprime mortgage crisis is prompting some people to take another look at New Hampshire’s consumer protection law. Six years ago, the Legislature changed the law to exempt the banking, insurance, public utilities...
Famed Miss. Trial Attorney Scruggs Pleads Guilty to Trying to Bribe Judge
Mar 24 2008 // Star of cases against insurance, tobacco and asbestos industries faces prison, fines and loss of lawyer’s license Mississippi attorney Richard “Dickie” Scruggs used a mix of bare-knuckle tactics and...
