Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Auto Club of SoCal Reduced Rates to Take Effect in December
Jul 12 2006 // California’s fourth-largest provider of auto insurance has agreed to base its rates on safety and driving frequency rather than primarily on where a driver lives. The plan, to take effect Dec. 1, would cut some $133...
N.C. Lawmakers: Buckle Up in the Back Seat, Too
Jul 12 2006 // Click it or ticket, even in the back seat. With the Senate concurring to changes made by the House, lawmakers Monday night finalized a proposal that requires all North Carolina passengers to buckle up. That measure now...
Sen. Smith Unveils ‘Comprehensive Plan’ to Fix Florida’s Insurance Woes
Jul 11 2006 // Without a real, comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida’s insurance market and leave millions of Floridians without affordable and reliable insurance...
Ohio Workers’ Comp Oversight Board Must Be Strengthened, Report Says
Jul 11 2006 // Reforms implemented by Ohio Gov. Bob Taft and lawmakers didn’t go far enough to strengthen the board that oversees Ohio’s troubled state insurance fund for injured workers, an independent consultant studying...
La. Insurers not Voluntarily Extending Policy Deadlines
Jul 11 2006 // A month after Louisiana Insurance Commissioner James Donelon called on insurers to voluntarily extend the one-year deadline for customers to file suits for unsettled claims related to Hurricanes Katrina and Rita, not a...
Staranczak Joins Insurers Group as Chief Economist
Jul 11 2006 // The Property Casualty Insurers Association of America (PCI) has appointed Genio Staranczak as the organization’s chief economist. Dr. Staranczak will be responsible for economic analysis on the full range of public...
Sen. Sununu Opens Hearings on Federal Regulation of Insurance
Jul 11 2006 // U.S. Senator John Sununu (R-NH), who introduced the National Insurance Act of 2006 with Senator Tim Johnson (D-SD) on April 5, 2006, opened hearings today on the controversial legislation that would allow life and...
Auto Club of Southern California To Cut Rates 7 Percent
Jul 11 2006 // California Insurance Commissioner John Garamendi announced he intends to approve a 7 percent decrease in premium rates for policyholders of the Automobile Club of Southern California. The requested decrease coincides with...
Alliance Objects to California Mileage Regulations
Jul 11 2006 // The Alliance of Insurance Agents and Brokers reaffirmed its strong objection to continued attempts by the California Department of Insurance (CDI) to impose regulations on the insurance industry that are “totally...
Insurer Group Supports State Regulation at Senate Hearing
Jul 11 2006 // The National Association of Mutual Insurance Companies (NAMIC) is convinced that insurance regulatory reform at the state level is the best and safest course for consumers and insurers alike, said a Namic witness in...
Big “I” Testifies for Targeted Federal Tools, State Regulatory Reform
Jul 11 2006 // The Independent Insurance Agents & Brokers of America (the Big “I”) testified today before the Senate Banking Committee in support of targeted “federal tools,” and in opposition to federal...
Big ‘I’ Hires Koonce as New Federal Lobbyist
Jul 10 2006 // The Independent Insurance Agents & Brokers of America (the Big “I”) has expanded its Capitol Hill staff by hiring Thomas C. Koonce as its new assistant vice president for federal government affairs,...
Little Help from La. Lawmakers for Skyrocketing Insurance Costs
Jul 10 2006 // Louisiana homeowners hoping for relief from insurance bills that were boosted by the hurricanes received little help from lawmakers. Legislators lamented, complained and worried about rising insurance costs that could...
R.I. Adopts Multi-Pronged Health Care Affordability Program
Jul 7 2006 // The Rhode Island General Assembly recently passed the Health Care Affordability Act, a set of 14 bills intended to lower health insurance costs for small businesses, strengthen state control over provider expansion,...
Mass. Unveils Proposed Employer Exemption from Health Mandate
Jul 6 2006 // Massachusetts officials have unveiled proposed regulations that would set the minimum a company would have to do to be exempt from a new $295 per-worker assessment as part of the state’s new health care law. Health...
Circuit Court Judge Orders Florida Select into Rehabilitation
Jul 6 2006 // A Leon County Circuit Court Judge has ordered Florida Select Insurance Company into rehabilitation according to Tom Gallagher, Florida’s CFO. Under the order, the company’s 70,000 homeowners policies are not...
Effort to Block Wal-Mart, Berkshire Hathaway Banks Gaining Support
Jul 6 2006 // With Wal-Mart and Home Depot among a record number of companies awaiting federal approval to open banks, legislation to block this special kind of bank is gaining momentum, a senior House lawmaker said. Thirteen companies,...
Nationwide Requests 71 Percent Homeowners Increase in Florida
Jul 6 2006 // Nationwide Insurance Company of Florida has filed with the Florida Office of Insurance Regulation for a statewide average increase in homeowner’s insurance rates of 71 percent. The Office of Insurance has 90 days to...
California Revises Proposed Mileage Verification Regulations
Jul 6 2006 // The California Department of Insurance has revised its proposed “odometer verification” regulations, deleting provisions that would have authorized insurers to require agents to verify the mileage if they met...
Lawmakers Want Miss. Casino Funds to Help Cover Insurance Rise
Jul 6 2006 // Two Mississippi lawmakers are proposing a stream of money, generated by taking a portion of the growth in the state’s gambling revenue, to hold down homeowner insurance rates on the hurricane-ravaged Gulf...
