Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Insurers Get Serious About Enterprise Risk Management, Tillinghast Reports
Dec 5 2006 // Driven in part by increased demands from regulatory and rating agencies, enterprise risk management (ERM) has become integral to insurers’ business processes around the world. Sixty percent of survey respondents...
California To Rule on Industry Petition Becoming “Precedential Decision”
Dec 5 2006 // The California Office of Administrative Law (OAL) has decided to accept a petition filed by Insurance Brokers and Agents of the West (IBA West) requesting review of the former Insurance Commissioner John Garmendi’s...
Insurer Group to La. Lawmakers: Avoid Hasty Decision-Making
Dec 4 2006 // Louisiana’s special legislative session begins Dec. 8 and insurers are urging lawmakers to exercise caution in when it comes to making decisions regarding solutions to insurance issues or how to spend the...
Judge Upholds $1 Million Workers Comp Fine in The Station Case
Dec 4 2006 // A judge last week upheld a $1.07 million fine imposed against the owners of The Station nightclub for failing to carry workers’ compensation insurance at the club, the site of a 2003 fire that killed 100 people,...
Mich. Bill Would Give Discounts to Seniors Taking Drivers Ed Class
Dec 4 2006 // When Michigan retirees Willie and Lois Gales asked for a way to ease a $200 increase in their auto insurance rate, they ended up at a two-day safety class in Detroit designed for older drivers. They got tips to prepare for...
Little Rate Relief Found First Year After N.J. Auto Reforms
Dec 4 2006 // A year after New Jersey enacted auto insurance regulation changes meant to reduce rates, state residents were still paying through the nose, according to the latest survey compiled by the National Association of Insurance...
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...
