Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Directors & Officers Liability
Aug 6 2007 // For years, environmental issues, including issues arising from global warming, have hovered on the periphery of concerns affecting directors’ and officers’ liability exposure. But an April 2, 2007, decision by...
Blanco, Donelon and business coalition deliver market reform laws
Aug 6 2007 // The 2007 legislative session in Louisiana resulted in three major pieces of legislation recently signed into law which will improve the ability of insurers to rate and underwrite homeowners insurance on a more competitive...
Commerce makes Mass. U-turn, now supports competitive rating
Aug 6 2007 // One of — if not the — most influential industry opponents of competitive rating for the Massachusetts private passenger auto insurance system for years has changed course and says it now fully supports the...
House panel votes to add wind to flood program
Aug 6 2007 // Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services Committee voted late last month to add wind...
Commerce makes Mass. U-turn, now supports competitive rating
Aug 6 2007 // One of — if not the — most influential industry opponents of competitive rating for the Massachusetts private passenger auto insurance system for years has changed course and says it now fully supports the...
How to write energy risks in a volatile world
Aug 6 2007 // Today’s energy industry is being challenged by climate changes, market fluctuations, business mergers, natural disasters, terrorism, war, political risk, increasing regulatory and financial scrutiny and evolving...
News Currents
Aug 6 2007 // Oregon seeking comments on insurer assessments Oregon’s Department of Consumer and Business Services is seeking public comments on its proposed amendment of administrative rules relating to assessments against...
Insurance referendum appears headed for Washington ballot
Aug 6 2007 // In its latest attempt to block a Washington regulation that insurers say would drive up insurance rates, insurance industry associations have launched a public campaign to take their issue to the ballot box. A campaign...
News Currents
Aug 6 2007 // Court rules liability waiver invalid when there is gross negligence The California Supreme Court has ruled that a signed liability waiver is useless in protecting a government entity from gross negligence and only good in...
News Currents
Aug 6 2007 // House panel votes to add wind to flood program Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services...
Fifth Circuit Court Rules in Insurers’ Favor in Katrina Levee Breach Case
Aug 3 2007 // A highly anticipated federal appeals court ruling in a Hurricane Katrina class-action case has insurers breathing a little easier. The Fifth Circuit Court of Appeals in New Orleans ruled Aug. 2, 2007, in In re Katrina...
Insurers Win as Appeals Court Refuses Former Ohio Judge’s Appeal
Aug 3 2007 // A federal appeals court in Cincinnati has declined to reopen the case of a former judge ordered to pay $587,000 in legal fees she accrued while defending herself from accusations of misconduct. A district court in Columbus...
Disaster Response Legislation Signed in Florida
Aug 2 2007 // Gov. Charlie Crist ceremonially signed two bills Wednesday to provide aid to Floridians preparing for and recovering from natural disasters. Senate Bill 2482 – relating to tax administration provides $1.2 million in...
Fla. Gov.Suggests Property Insurers not Following Rate Savings Law
Aug 2 2007 // Gov. Charlie Crist suggested Tuesday that some property insurers may be deliberately flouting a new state law that requires them to buy cheaper reinsurance and pass the savings on to consumers. Crist said he was concerned...
House Committee Advances Bill to Extend Terrorism Reinsurance Backstop for 15 Years
Aug 2 2007 // The House Financial Services Committee voted yesterday to extend and expand the federal terrorism reinsurance law, going against the wishes of the Bush Administration. The panel voted by 49 to 20 in favor of H.R. 2761, the...
N.Y. City Rules Would Require Permits, Insurance of Photographers
Aug 2 2007 // Filmmakers, photographers and civil liberties advocates are protesting proposed rules for New York City that would require permits and $1 million insurance policies for people trying to film or take pictures in one of the...
Del. Restricts Insurers’ Use of Credit Scoring for Auto, Home Renewals
Aug 2 2007 // Delaware Gov. Ruth Ann Minner has signed legislation restricting the use of credit information in setting auto and homeowner insurance rates, making Delaware’s credit scoring law one of the toughest in the country...
Virginia Judge Throws Out Controversial Bad Driving Fees
Aug 2 2007 // A Virginia judge has put up a roadblock to the state’s sizable penalties for bad driving. In the first known court challenge to the fees, Henrico County General District Judge Archer L. Yeatts ruled that the new fees...
Global Insurance Leaders Place Growth at Top Of List
Aug 1 2007 // The leading overall issue facing the global insurance industry is capitalizing on new market opportunities, according to a survey of the participants at the 43rd Annual Seminar of the International Insurance Society (IIS)...
Senate Banking Panel to Hear Natural Disaster Commission Bill Today
Aug 1 2007 // A Senate Banking committee is scheduled to mark-up a bill today to establish a natural catastrophe commission to examine how best to mitigate disaster risks and deal with the after-effects of these events. The Senate...
