Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Federal Charter: A Future ‘Insurance Subprime’ Debacle?
Apr 21 2008 // The banking and securities industry is facing worldwide subprime mortgage-related losses which knowledgeable sources – including the International Monetary Fund — now suggest could top $1 trillion, according to...
Federal Charter: A Future ‘Insurance Subprime’ Debacle?
Apr 21 2008 // The banking and securities industry is facing worldwide subprime mortgage-related losses, which knowledgeable sources – including the International Monetary Fund — now suggest could top $1 trillion, according to...
Insurers: Colorado Bill Threatens Auto Insurance Savings
Apr 21 2008 // The Colorado Legislature is considering a bill that the Property Casualty Insurers Association of America claims would add bureaucratic red tape and costs to the state’s automobile insurance system. House Bill 1389,...
State v. Federal Fight Heats Up
Apr 21 2008 // In the face of growing economic turmoil, the Bush administration is calling for an overhaul of the system regulating the nation’s financial services industries — including insurance. The reform proposal announced...
World’s Weather as a Deranged Pinball Machine?
Apr 21 2008 // The 10th edition of the European Insurance Forum (EIF), held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management Association (DIMA) April 7-8, focused on some major issues of...
White Papers and Blueprints: Agents Chart Their Own Regulatory Future
Apr 21 2008 // Independent agents hold onto market share, prepare for post-November election politics Insurance Journal‘s Editor-in-Chief Andrea Wells interviewed Robert Rusbuldt, CEO and president of the Independent Insurance...
Rep. Kanjorski: Feds Must Learn About Insurance Before Regulating It
Apr 18 2008 // A key Congressman involved in insurance regulation issues says that Washington does not have the knowledge of the insurance industry it needs to regulate the business and he has proposed a new federal insurance information...
Auto Exempted from Colorado Fair Accountable Insurance Rates Act
Apr 18 2008 // After more than five hours of testimony and deliberation on Colorado House Bill 1389, the House Business Affairs and Labor Committee has amended a controversial bill that insurance associations said would have imposed a...
California Judge Approves Ford Explorer Settlement
Apr 17 2008 // A California judge on Tuesday approved the settlement of a class-action lawsuit that will compensate about 800,000 Ford Explorer owners whose vehicles lost value because of a perceived rollover danger. The settlement ends...
Maryland Judge Rules Blogger Not Protected by News Shield Law
Apr 17 2008 // A Worcester County, Maryland judge has ruled that a Salisbury area Web blog publisher is not protected by a state law shielding news reporters from defamation lawsuits. The ruling means blogger Joseph Albero must explain...
States Tell Congress They Can Handle Insurance Regulation
Apr 17 2008 // State officials told Congress this week that they are making progress in modernizing insurance regulation and that further improvements should be implemented by them as the debate in Washington over whether federal...
Minnesota Lawmakers OK Compromise on Suing Home, Auto Insurers
Apr 16 2008 // The Minnesota Legislature approved this week a compromise bill giving consumers more clout in court when they disagree with their home and auto insurance companies. The legislation passed the Senate 47-15 and the House...
Agent Group Supports Resolution Opposing Optional Federal Charter
Apr 16 2008 // The Professional INsurance Agents Association of Ohio (PIA) recently testified before the Ohio House Insurance Committee in support of a resolution for Ohio to formally oppose any “new layers of needless federal...
Legislation to Expand Liability Risk Retention Act Introduced into Congress
Apr 16 2008 // Legislation designed to modernize the federal Liability Risk Retention Act (LRRA) of 1986 was introduced into Congress yesterday. H.R. 5792, or the “Increasing Insurance Coverage Options for Consumers Act of...
Florida Senate Property Insurance Bill Pleases Regulators, Angers Insurers
Apr 16 2008 // As insurers and other interested parties criticized a Florida property insurance bill that passed through the state Senate this week on a 32-7 vote, Florida’s insurance commissioner lauded the action. Sponsored by...
Bermuda Monetary Authority Survey Shows Continued Growth
Apr 15 2008 // According to the latest available figures, released by the Bermuda Monetary Authority (BMA), the island’s “insurance market continues to maintain strong performance, against a backdrop of a soft global...
Nebraska Lawmakers Kill Bill to Provide Workers’ Comp for Mental Illness
Apr 15 2008 // Emergency responders who suffer mental illness after witnessing a violent act shouldn’t plan on getting workers’ compensation benefits. State lawmakers changed positions on Thursday, April 10th voting down a...
ACE Increases UK Corporate Cover in Response to Manslaughter Law
Apr 14 2008 // ACE Europe announced the launch of the “Elite IV Entity Extension,” an endorsement to its Elite IV Directors & Officers (D&O) cover, which provides increased protection to private companies facing...
Maryland Lawmakers Put Off Bills on Teen Driving until 2009
Apr 14 2008 // Supporters of bills that would put new restrictions on teen drivers in Maryland are vowing to try again next year. Several teen driving proposals died in the recently concluded legislative session. The only one to pass was...
