Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Treasury chief Paulson vows review of U.S. financial services regulation
Jul 23 2007 // The Bush administration plans to review the U.S. government’s regulatory system for financial institutions with the goal of making changes to better reflect modern markets. Treasury Secretary Henry Paulson said the...
Inhalants not included under drunk driving law, N.Y. high court rules
Jul 23 2007 // A motorist accused of “huffing” stimulants from an aerosol can before getting into a deadly wreck cannot be charged with driving while intoxicated, New York’s highest court ruled recently. The Legislature...
The Nonadmitted and Reinsurance Reform Act
Jul 23 2007 // After decades of frustration and brutal disappointment, the vexing and seemingly intractable tax payment and regulatory compliance problems surplus lines brokers face on multi-state risks are about to be solved. The long...
Declarations
Jul 23 2007 // Declarations IPod thunderbolt “It’s going to hit where it’s going to hit, but once it contacts metal, the metal conducts the electricity.” Dr. Mary Ann Cooper of the American College of Emergency...
The tale of two states
Jul 23 2007 // For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated...
Editor’s Note: Of wind and floods
Jul 23 2007 // Is there a place for windstorm coverage in the National Flood Insurance Program? Not according to three major trade groups representing insurance companies — they have officially taken a stand against proposals to...
Package of insurance measures passes La. legislature
Jul 23 2007 // Louisiana’s Legislature in June approved a package of insurance bills promoted by Louisiana Gov. Kathleen Babineaux Blanco and Insurance Commissioner Jim Donelon. Among the bills passed were one that provides for...
The tale of two states
Jul 23 2007 // For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated...
The Nonadmitted and Reinsurance Reform Act
Jul 23 2007 // After decades of frustration and brutal disappointment, the vexing and seemingly intractable tax payment and regulatory compliance problems surplus lines brokers face on multi-state risks are about to be solved. The...
Editor’s Note: Of wind and floods
Jul 23 2007 // Whether or not H.R. 920 is successfully passed, it’s becoming increasingly clear that the federal government is taking notice of the problems certain areas of the country face with regard to windstorm insurance. Is...
Nevada consumers puzzle over using credit history
Jul 23 2007 // As Ed Rathje sees it, his first foray into the Nevada Legislature as a citizen-activist ended in “total defeat” earlier this month when a bill he was pushing to limit the insurance industry’s use of...
Treasury chief Paulson vows review of U.S. financial services regulation
Jul 23 2007 // The Bush administration plans to review the U.S. government’s regulatory system for financial institutions with the goal of making changes to better reflect modern markets. Treasury Secretary Henry Paulson said the...
Congress gets serious about surplus lines insurance reform
Jul 23 2007 // Insurance regulatory reform efforts on Capitol Hill took a giant leap forward with the recent House passage of HR 1065, the Non-Admitted and Reinsurance Reform Act of 2007. Sponsored by Rep. Dennis Moore, D-Kan., and Rep....
Calif. Names Girion Deputy Commisson of Rate Regulation
Jul 20 2007 // California Insurance Commissioner Steve Poizner announced that Woody Girion will serve as the new deputy commissioner of rate regulation at the Department of Insurance effective August 1. Girion replaces former Rate...
La.’s Gov. Blanco Vetoes Minimum Auto Insurance Legislation
Jul 20 2007 // Louisiana Gov. Kathleen Blanco has vetoed legislation that could have increased auto insurance costs for over 1 million Louisiana motorists, her office said. The Legislature in June 2007 approved the bill by Sen. Mike...
Federal Anti-Terror Funds to Connecticut Increase
Jul 20 2007 // Connecticut will get $23 million in federal homeland security grants this year, an increase of about $10 million from a year ago largely because of new funding for police, fire and medical emergency radios, officials said...
Insurers Say Mich. Motorists Should Have Choice in Medical Coverage
Jul 19 2007 // The insurance industry in Michigan released a study on Tuesday, July 17th that predicts motorists could save up to 16 percent on their auto premium if they were allowed to select capped health benefits for accident...
Court Rules Liability Waiver Invalid When There is Gross Negligence
Jul 19 2007 // 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 protecting against ordinary negligence, which could have...
Ill. Governor Uses Executive Authority to Limit What Insurers Can Charge
Jul 17 2007 // Ill. Gov. Rod Blagojevich used his executive authority last week to make a rule that prevents insurance companies from considering someone’s health when deciding what premium to charge when renewing an individual...
Mass. Lawmakers Urge Federal Inspections of Nation’s Tunnels
Jul 17 2007 // Massachusetts lawmakers say a federal safety board’s report on last year’s fatal Big Dig ceiling collapse gives a boost to their push for a national tunnel inspection program aimed at preventing future...
