Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
FSA Cites U.K. Market Progress; Won’t Propose Regulations
Mar 21 2006 // The U.K.’s Financial Services Authority (FSA) announced that it has “put on hold its work to develop rules to bring about contract certainty in the insurance market.” The U.K.’s insurance community...
Okla. Bipartisan Ethics Reform Bill Passed by House
Mar 21 2006 // The Oklahoma House of Representatives passed House Bill 2055, by State Representatives John Trebilcock and Lucky Lamons, which would prohibit lobbyist contributions to state lawmakers during the legislative session. The...
Insurers Disappointed in Changes to Conn. Flex Rating Bill
Mar 21 2006 // A Connecticut legislative committee took a tentative step on the road to insurance rate modernization, but also posted a “Road Closed” sign that must be obeyed in two years. HB-5463, which was reported...
TEXAS JUDGE’S RULING PARTIALLY FAVORS ALLSTATE AND STERLING
Mar 20 2006 // Allstate and Sterling Autobody Centers can communicate benefits of its shops, a federal district judge in Texas has ruled. In a news release, Allstate reported that on March 9, 2006, the judge in Allstate, et al. v....
Solve the multi-state surplus tax problem now
Mar 20 2006 // The proper allocation and remittance of surplus lines premium taxes to the states on multi-state risks has been the most vexing problem faced by surplus lines brokers during the nearly 116 year history of the industry. In...
Solve the multi-state surplus tax problem now
Mar 20 2006 // The proper allocation and remittance of surplus lines premium taxes to the states on multi-state risks has been the most vexing problem faced by surplus lines brokers during the nearly 116-year history of the industry. In...
Solve the multi-state surplus tax problem now
Mar 20 2006 // The proper allocation and remittance of surplus lines premium taxes to the states on multi-state risks has been the most vexing problem faced by surplus lines brokers during the nearly 116 year history of the industry. In...
Fla. Insurance Council to push mitigation efforts
Mar 20 2006 // With more than $30 billion in claims over the past two hurricane seasons in Florida, the Florida Insurance Council has announced it will ask lawmakers now meeting in Tal-lahassee to support mitigation efforts to combat the...
Three IIAG-supported bills introduced in Georgia Legislature
Mar 20 2006 // The Independent Insurance Agents of Georgia suggested three bills that were introduced to the Georgia Legislature to address Certificates of Insurance for subcontractors and workers’ compensation issues. Rep. Mike...
Gov. Baldacci Signs Bill to Assist Maine Identity Theft Victims
Mar 20 2006 // Mainers who become victims of identity theft are getting some help from the Legislature, which enacted a bill that follows up on State House action taken last year. A bill signed by Gov. John Baldacci clarifies the process...
Catching up with region’s insurance politics
Mar 20 2006 // In the Northeastern and Atlantic states, elected politicians are in the thick of deciding on legislation that could affect insurers, insurance agents and their insureds. New Jersey lawmakers are considering restoring...
Agents: Federal proposal will be Trojan horse for optional federal charter
Mar 20 2006 // The National Association of Professional Insurance Agents recently reaffirmed its opposition to any proposals that call for a so-called “optional” federal charter for insurers. “Those who want to...
Texas, Louisiana surplus lines premium decreases in 2005
Mar 20 2006 // Insurance Journal South Central–Arkansas, Louisiana, Oklahoma and Texas–vary widely in the amount of premium written in any given year. Texas has the biggest surplus lines market, followed by Louisiana,...
Solve the multi-state surplus tax problem now
Mar 20 2006 // The proper allocation and remittance of surplus lines premium taxes to the states on multi-state risks has been the most vexing problem faced by surplus lines brokers during the nearly 116 year history of the industry. In...
Solve the multi-state surplus tax problem now
Mar 20 2006 // The proper allocation and remittance of surplus lines premium taxes to the states on multi-state risks has been the most vexing problem faced by surplus lines brokers during the nearly 116 year history of the industry. In...
Multi-state class actions could infringe on state regulators
Mar 20 2006 // Allstate Insurance Co., the National Association of Mutual Insurance Companies and the Property Casualty Insurers Association of America have joined forces requesting a review of a Court of Appeals decision involving a...
S.C. Big “I” topics: Legislation, fraud
Mar 20 2006 // Insurance fraud and “hot topics” facing the insurance industry will be discussed by South Carolina Attorney General Henry McMaster and Director of Insurance Elanor Kitzman during the March 22 and 23 annual...
By Patricia A. Borowski
Mar 19 2006 // While Congress’ insurance regulatory reform efforts appear stalled as 2006 begins, it is important to note that the states continue to move forward. These efforts require all the states to continue to move their...
Pa. Gov. Rendell Vetoes Homebuilder Damages Cap Deemed Unconstitutional
Mar 19 2006 // Pennsylvania Gov. Ed Rendell has vetoed legislation that would have capped the damage award homebuilders must pay for faulty work and regulated the ability of property owners to sue. The legislation had been deemed...
US Airways can’t collect for 9/11 disruption, court rules
Mar 19 2006 // US Airways cannot collect insurance for post-9/11 business losses because it already received money for that purpose from the federal government, the Virginia Supreme Court ruled March 3, according to an Associate Press...
