Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
Figures
Aug 7 2006 // 100 The number of federal lawmakers from both parties that asked the Federal Deposit Insurance Corp. to put a hold on the efforts of various U.S. companies, including Wal-Mart, to open banks. Federal bank regulators halted...
Christina Urias, Arizona, Director of Insurance
Aug 7 2006 // Wildfires, captives, credit scoring, and broker compensation and disclosure have been hot topics lately — especially since wildfire season in particular extends through September. But the Arizona Department of...
California insurers sue department to stop auto insurance regulations
Aug 7 2006 // News Currents Three insurance trade groups filed a lawsuit seeking declaratory and injunctive relief to stop enforcement of California Department of Insurance auto rating regulations they said will harm millions of...
House bill would establish national disaster commission with agent member
Aug 7 2006 // Legislation that would establish a bipartisan national commission tasked with recommending policies to help the federal government prepare for and manage disaster response has been introduced in the House of...
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
Maryland Seeks Answers for Uninsured After Wal-Mart Law Nixed
Aug 6 2006 // With Maryland’s groundbreaking Wal-Mart health care bill declared invalid by a federal judge, state officials are re-examining their options for providing medical care to many of the almost 800,000 people who have no...
Court Refuses Quick Decision on La. Insurance Suit Extensions
Aug 4 2006 // A decision on the constitutionality of new state laws giving hurricane-affected homeowners in Louisiana an extra year to sue their insurance companies will not be expedited by a court, the state’s top insurance...
W. Va. Now Requires Certification, Insurance for Home Inspectors
Aug 3 2006 // To help protect consumers against fraud, all West Virginia home inspectors will have to be certified by the State Fire Commission. The new law went into effect August 1. Under the new state law passed in April, all...
Ark. Gov. Signs Rules to Enforce Smoking Ban Beginning Aug. 10
Aug 2 2006 // Arkansas Gov. Mike Huckabee has signed rules to enforce a statewide workplace smoking ban and said he believes most businesses in the state will view clean air as a smart business choice. “Breathe easy,...
Texas Workers’ Comp Conference to Focus on Reform Legislation
Aug 2 2006 // The Insurance Council of Texas (ICT) will host its 2006 Workers’ Compensation Conference in Austin on Sept. 20 at the Hyatt Regency. Workers’ Compensation Commissioner Albert Betts will be the conference...
Western Agents Blast Insurers for Settlements Restricting Compensation
Aug 2 2006 // The Western Insurance Agents Association has issued a statement saying the settlement that St. Paul Travelers has just reached with attorneys general from Connecticut, Illinois, and New York is the latest attempt by an...
House Bill Would Establish National Disaster Commission
Jul 31 2006 // Legislation that would establish a bipartisan national commission tasked with recommending policies to help the federal government prepare for and manage disaster response has been introduced in the House of...
Wal-Mart Type Banks Put on Hold
Jul 30 2006 // Federal bank regulators have halted for six months any new approvals of the sort of industrial banks that Wal-Mart, Home Depot and 12 other companies are seeking to own. The Federal Deposit Insurance Corp. imposed the...
Ethics Panel Hits Fla.’s Gallagher Over Insurer Stock Holdings
Jul 30 2006 // The ethics commission determined last Friday that Republican gubernatorial candidate Tom Gallagher may have violated ethics laws because he owned stock in two insurance companies while regulating the industry. The...
NAMIC Announces Reorganization of Government Affairs Operation
Jul 28 2006 // Indianapolis-based the National Association of Mutual Insurance Companies (NAMIC) recently announced a major reorganization of its governmental affairs operation, recognizing the convergence of issues facing the...
House Committee Advances Surplus Lines Regulatory Reform
Jul 27 2006 // The House Financial Services Committee has approved legislation that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace. Chairman Michael G. Oxley (Ohio)...
Ind. Judge Okays Settlement to Church Group, Insurer
Jul 26 2006 // A group helping rebuild the Church of God’s financial arm is to pay at least $4 million to investors who lost many millions more when their money was put in risky real estate deals rather than toward building...
Agents Again Urge Passage of Surplus Lines Reform Legislation
Jul 25 2006 // As the Non-Admitted and Reinsurance Reform Act of 2006 (HR 5637) makes its way to full committee of the U.S. House of Representatives Financial Services, the American Association of Managing General Agents sent a call to...
Optional Federal Charter ‘Legislation of the Worst Kind,’ Says PIA Exec
Jul 25 2006 // The National Insurance Act of 2006 would undermine key insurance consumer protections, constrict the availability of insurance, create market instability and prompt a flood of litigation, according to Leonard C. Brevik,...
