Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Hawaii lawmakers propose tax credits for recent rain and flood victims
Apr 17 2006 // A proposed tax credit aimed at helping Oahu flood victims was expanded by Senate lawmakers to cover families and businesses throughout the islands who suffered damages during the recent heavy rains. The credit would equal...
E-Discovery and Electronic Records
Apr 17 2006 // The focus of litigations and investigations on electronic documents, particularly e-mails, and the increasing accountability of compliance programs, including record retention, are leading organizations to reexamine their...
Colorado targets 180 ‘sham’ affiliated businesses
Apr 17 2006 // Erin Toll, deputy commissioner of the Colorado Insurance Department, pledged to close 180 affiliated businesses operating illegally in her state this year. Toll said there is nothing wrong with affiliated businesses that...
•Doron M. Rotman, audit and RAS managing director for Information Risk Management; and
Apr 17 2006 // The participants included: •Scott B. Moritz, director of KPMG Forensic; •Hugh C. Kelly, principal of Financial Risk Management; •Joanna Taylor, senior associate for Financial Risk Management; •Linda...
Summation of Insurance-Related Bills Speeding Through Fla. Legislature
Apr 14 2006 // With Spring meetings of the Florida Legislature coming to an end in Tallahassee in May, the Florida Insurance Council has summarized insurance-related bills now being considered in the House and Senate. Sam Miller,...
Proposed California Homeowners Regs Bad Public Policy, Associations Say
Apr 14 2006 // Homeowners’ insurance regulations proposed by the Department of Insurance would result in higher premiums for many Californians, force insurers to charge unfair homeowner rates and cause subsidies among...
New Mexico Insurance Chief’s Leave Extended to Continue Investigation
Apr 13 2006 // The New Mexico Public Regulation Commission extended for another 30 days the administrative leave of state Insurance Superintendent Eric Serna, who said he is “absolutely certain” he has done nothing wrong. The...
R.I.’s Beacon Mutual Hit for Cozy Culture Favoring Insiders, Big Accounts and Elite Agents
Apr 13 2006 // Rhode Island’s largest workers compensation carrier, Beacon Mutual Insurance Co., has engaged in a pattern of favoritism benefiting select clients and agents; won and retained employer accounts by cheating on pricing...
Hospital Asks Pa. Judge to Reduce $4 Million Malpractice Payment
Apr 13 2006 // A Pennsylvania judge was asked to determine whether a $4 million verdict in a birth malpractice case is too large because a hospital said it could go bankrupt if it is forced to pay the damages. Attorneys for Trudy and...
Judge Denies State Farm Bid to Stop Prosecutor from Reviewing Docs
Apr 13 2006 // A judge in Gulfport, Miss. has refused to restrict Mississippi Attorney General Jim Hood from reviewing documents that State Farm Insurance Co. is required to turn over to other investigators in Hood’s office. State...
Federal Judge in Mississippi ‘Storm Surge’ Case Upholds Home Insurance Flood Exclusion
Apr 13 2006 // A federal judge in Mississippi has upheld the water damage exclusion in homeowners insurance policies in a ruling welcomed by insurers. U.S. District Judge L.T. Senter, Jr. of the Southern District of Mississippi denied a...
R.I. Gov. Carcieri Demands ‘Complete Management Overhaul’ at Beacon Mutual
Apr 13 2006 // A day after a committee chaired by former Rhode Island Gov. Lincoln Almond issued a report highly critical of Beacon Mutual, current Governor Donald L. Carcieri is demanding that the chief executive officer and vice...
Florida Group Asks Members to Voice Their Opinion on the Federal Charter
Apr 12 2006 // The Florida Independent Insurance Agents have responded with a call to action in which it asks its members to make their opinions heard in Washington about Federal Charter Legislation proposed by the U.S. Senate. “On...
Group Calls Federal Legislation Comments Misleading, Uninformed
Apr 12 2006 // The American Insurance Association has called comments about federal legislation dealing with optional national insurance regulation made on behalf of the Consumer Federation of America “misleading.” Further,...
R.I.’s Beacon Mutual CEO Expects to Lose Job If Carcieri Wins Battle; Giuliani Report Out Today
Apr 12 2006 // The chief executive of Rhode Island’s largest workers compensation carrier, Beacon Mutual Insurance Co., figures he could be looking for a new job as early as June if Governor Donald Carcieri gets his way. CEO Joseph...
Okla. State Senate Passes Interstate Insurance Compact
Apr 12 2006 // Oklahoma Insurance Commissioner Kim Holland reported that the state senate passed the Interstate Insurance Product Regulation Compact, a measure Holland said was a priority for her, by a vote of 42-0. The measure passed...
Insurers Say Vote No to Arizona Vehicle Repair Legislation
Apr 12 2006 // The Property Casualty Insurers Association of America (PCI) is asking the Arizona Senate to vote no on House Bill 2063, a bill that it says would make it more difficult for insurers to provide consumers important...
Smoking Ban Provides Drama for Ark. Politics
Apr 11 2006 // Education was the main reason that lawmakers returned to Little Rock, Ark., last week, but a statewide smoking ban provided the most drama. Gov. Mike Huckabee’s proposal to ban smoking in most workplaces –...
NAIC President Says International Cooperation Key to Regulation of Global Financial Markets
Apr 11 2006 // Speaking to an international group of officials from the insurance and finance sector, the National Association of Insurance Commissioners’ President Alessandro Iuppa delivered the keynote address at the 22nd Progres...
Fitch Removes AIG and Subsidiaries from Negative Watch
Apr 11 2006 // Fitch Ratings has affirmed and removed from its Rating Watch Negative all of its ratings on American International Group, Inc. (AIG) and subsidiaries. Fitch originally placed AIG on Rating Watch Negative in March 2005. In...
