Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
N.D., Iowa, Minn. Support Model Annuity Suitability Regulation
May 10 2007 // NASD and state regulators from North Dakota, Iowa and Minnesota announced today that they have signed a joint statement supporting a new rule to require that insurance companies and agencies recommend only suitable annuity...
Judge Denies State Farm Motion to Dismiss Miss. Lawsuit
May 9 2007 // A federal judge has denied State Farm Fire and Casualty Co.’s request to dismiss a lawsuit against the insurer because the policyholders received an emergency Small Business Administration loan to help rebuild their...
West Virginia a ‘Test Ground’ of U.S. Chamber’s Anti-Lawsuit Efforts
May 8 2007 // In its ongoing, multimillion-dollar lobbying and advertising campaign decrying “frivolous” lawsuits and “jackpot” jury awards, the U.S. Chamber of Commerce has anointed West Virginia the poster...
La. Statewide Building Code on Chopping Block at Capitol
May 8 2007 // A new statewide building code in Louisiana was one of the most tangible responses by lawmakers to hurricanes Katrina and Rita. But it was done quickly, a knee-jerk reaction that many lawmakers say didn’t involve...
NEIGHBORS SEEK TO DRAIN N.Y. CITY’S WATER RESEVOIRS TO STEM FUTURE FLOODING
May 7 2007 // Ten lawmakers want to drain off some of the reservoirs holding New York City drinking water, claiming lower water levels will help prevent flooding in riverside communities. House lawmakers from Pennsylvania, New Jersey,...
Calif. OAL rules agent-broker relationships case not “precedential”
May 7 2007 // The California Department of Insurance (CDI) has been handed a procedural setback in its effort to crack down on agents charging broker fees. Last week, the California Office of Administrative Law (OAL) determined that...
Insurance industry in Louisiana’s legislative ‘crosshairs’
May 7 2007 // This session will be tough, next one even worse, lobbyist says Despite its focus on fiscal matters, Louisiana’s 2007 legislative session, which began April 30, is certain to have plenty of impact on the insurance...
Congress should consider “guiding principles” for TRIEA
May 7 2007 // The Coalition to Insure Against Terrorism (CIAT) and the American Insurance Association (AIA) jointly announced on April 24 that the two organizations have agreed on a set of common principles to be considered by Congress...
News Currents
May 7 2007 // Freeing streams of debris could stem flooding in W. Va., other states When streams and rivers throughout West Virginia surged over their banks last week, causing millions of dollars of damage, Garrett Fork in Logan County...
Congress should consider “guiding principles” for TRIEA
May 7 2007 // The Coalition to Insure Against Terrorism (CIAT) and the American Insurance Association (AIA) jointly announced on April 24 that the two organizations have agreed on a set of common principles to be considered by Congress...
Insider trading plans: A new D&O underwriting concern?
May 7 2007 // For several years, directors and officers underwriters have viewed corporate insiders’ adoption of so-called “Rule 10b5-1 plans” as evidence of good corporate governance and as a positive underwriting...
Congress should consider “guiding principles” for TRIEA
May 7 2007 // The Coalition to Insure Against Terrorism (CIAT) and the American Insurance Association (AIA) jointly announced on April 24 that the two organizations have agreed on a set of common principles to be considered by Congress...
Neighbors seek to drain N.Y. City’s waterreservoirs to stem future flooding
May 7 2007 // Ten lawmakers want to drain off some of the reservoirs holding New York City drinking water, claiming lower water levels will help prevent flooding in riverside communities. House lawmakers from Pennsylvania, New Jersey,...
Congress should consider ‘guiding principles’ for TRIEA
May 7 2007 // The Coalition to Insure Against Terrorism (CIAT) and the American Insurance Association (AIA) jointly announced on April 24 that the two organizations have agreed on a set of common principles to be considered by Congress...
Congress should consider ‘guiding principles’ for TRIEA
May 7 2007 // The Coalition to Insure Against Terrorism (CIAT) and the American Insurance Association (AIA) jointly announced on April 24 that the two organizations have agreed on a set of common principles to be considered by Congress...
Insurance industry in Louisiana’s legislative ‘crosshairs’
May 7 2007 // Despite its focus on fiscal matters, Louisiana’s 2007 legislative session, which began April 30, is certain to have plenty of impact on the insurance industry, according to one industry lobbyist. And it’s not...
Schwarzenegger proposal suggests combining workers’ comp with group health coverage
May 7 2007 // As part of his health care reform plan unveiled in early January, California Gov. Arnold Schwarzenegger is proposing a “24-Hour coverage” program that would combine the medical treatment component of...
News Currents
May 7 2007 // Ore. Senate committee to allow preteens on ATVs All-terrain vehicle riders and those concerned about their safety have reached a compromise that would keep preteen children on the popular machines. An Oregon Senate...
Congress should consider “guiding principles” for TRIEA
May 7 2007 // The Coalition to Insure Against Terrorism and the American Insurance Association jointly announced on April 24 that the two organizations have agreed on a set of common principles to be considered by Congress as it...
Fla. CFO Praises Lawmakers for Mitigation Program Legislation
May 4 2007 // Florida Chief Financial Officer Alex Sink applauded the Legislature’s passage of HB 7057, which makes improvements to the state’s My Safe Florida Home program. HB 7057 was sponsored by State Representatives...
