Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Senate Will Make Last-Ditch Effort for Disaster Dollars
Nov 30 2006 // Farm-state senators will make a last-ditch effort this week to pass agricultural disaster assistance, though it’s unlikely it will become law before the new year. North Dakota Sens. Kent Conrad and Byron Dorgan, both...
Judge Rules in Favor of Plaintiffs in New Orleans Canal Case
Nov 29 2006 // In a decision that could cost insurers many more billions of dollars than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans has ruled that ambiguities in certain homeowners policies...
Court Rules Estate Not Entitled to Workers’ Comp Benefits
Nov 29 2006 // The Second Appellate Court of California has ruled in Six Flags Inc. vs. Workers’ Compensation Appeals Board, et. al. that it is unconstitutional to award a $250,000 worker’s compensation death benefit to the...
Regulators Install Management Committee for Interstate Compact
Nov 27 2006 // The Interstate Insurance Product Regulation Commission created by the National Association of Insurance Commissioners installed its Management Committee and elected a Committee chair, vice-chair and treasurer recently...
La. Gov. Pushing Insurance, Tax Credits, Pay Raises in Special Session
Nov 22 2006 // Louisiana Gov. Kathleen Blanco said the costs of her special session agenda of tax breaks, pay raises and insurance relief could be covered by an expected $800 million jump in state income this year – on top of an...
Ameriplan Settles Fraud Allegations for $200,000
Nov 22 2006 // Montana State Auditor John Morrison announced he has reached a settlement agreement with AmeriPlan to resolve allegations of insurance and securities fraud. In July, Morrison issued a cease and desist order after charging...
Regulators Seeking New Ethics Disclosure from Senior Managment
Nov 22 2006 // With inception in 2007, insurers filing the National Association of Insurance Commissoners’ (NAIC) annual statement will be subject to a new interrogatory on existence and applicability of codes of...
Judge Slashes Pay for CEO of Ala.-based Vesta Insurance
Nov 21 2006 // A bankruptcy judge slashed the monthly salary of Vesta Insurance Group chief executive David Lacefield to $15,000, siding with creditors who claimed he was making too much as the company is liquidated. U.S. Bankruptcy...
Calif. Agents Oppose Expanded Commissioner Control over Licensing
Nov 21 2006 // Insurance Brokers and Agents of the West (IBA West) has testified in opposition to new proposed regulations that would expand the California Insurance Commissioner’s authority to deny, suspend or revoke broker-agent...
Judge Allows Age Bias Suit Against TD Banknorth
Nov 20 2006 // An age discrimination lawsuit filed by a former employee of TD Banknorth can go forward, a federal judge has ruled. U.S. District Judge William Sessions III ruled that the case filed by Anita Petroziello of Colchester,...
Blanco to Call Special Insurance Session Scheduled for December
Nov 20 2006 // Lawmakers will return to Louisiana’s Capitol for a rare December special session to work on insurance relief for property owners, tax cuts, road improvements and pay raises for teachers, police and firefighters, Gov....
Fine Appointed as Ark. Workers’ Comp Commission Judge
Nov 20 2006 // O. Milton Fine II, a longtime attorney on Gov. Mike Huckabee’s staff, is the Arkansas Workers’ Compensation Commission’s newest Administrative Law Judge, the AWCC reported. The AWCC is administrator of...
Power shift in the political landscape
Nov 20 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...
Conn. high court rules liability waiver
Nov 20 2006 // Requiring a worker to sign a liability waiver does not give blanket immunity to employers if that person is later hurt on the job, the state Connecticut Supreme Court has ruled. The ruling said the waivers do not protect...
N.Y. workers’ comp trusts: rising prices and broker concerns
Nov 20 2006 // N.Y. workers’ comp trusts: rising prices and broker concerns The inadequate rates that many of New York’s workers’ compensation self-insured trusts charge may increase effective Jan. 1, 2007 due to...
‘J.A.I.L. for Judges’ amendment soundly defeated in S.D.
Nov 20 2006 // The American Insurance Association (AIA) and the National Association of Mutual Insurance Companies (NAMIC) said that common sense triumphed in South Dakota with the sound defeat of Amendment E, the so-called...
IIABA president: contingency commission crisis threatens agents
Nov 20 2006 // For a small to midsized independent insurance agency, contingency commissions can determine whether the business survives, according to many within the industry. That explains why Alex Soto, a Miami agent who is also...
Power shift in the political landscape
Nov 20 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...
Power shift in the political landscape
Nov 20 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...
Newcomer Sink, veteran Oxendine elected key insurance players
Nov 20 2006 // A veteran Republican Georgian commissioner and a Democratic novice Florida financial chief promise to play key roles in insurance issues in the Southeast in the years ahead as a result of the midterm elections. When the...
