Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Royal & SunAlliance USA Names Former Regulator Muhl as Director
Jan 23 2006 // Royal & SunAlliance USA Inc. has appointed Edward J. Muhl, an experienced insurance regulator, as outside director. Muhl brings with him nearly 40 years of insurance experience in senior regulatory and industry roles....
Surplus Lines Market: Speculation for 2006
Jan 23 2006 // Experts agree. The surplus lines market remains alive, healthy and stable. Who can argue with the success of this niche-based market that has risen from 4 percent in 1984 to almost 15 percent of the insurance market in...
Regulatory modernization tops industry’s legislative agenda for 2006
Jan 23 2006 // With the extension of the Terrorism Risk Insurance Act, passage of federal class action and crop insurance reform, enactment of asbestos reform in several states and some changes in state laws on pricing, property/casualty...
SOUTHEAST AIA TO WATCH FLA., ALA. AND MISS. LEGISLATION
Jan 23 2006 // Managing the aftermath of the 2005 hurricanes from a legislative standpoint in Florida, Alabama and Mississippi will be the American Insurance Association’s biggest goal in 2006. “Managing the aftermath...
Fla. Insurance Council predicts hurricane coverage utmost concern
Jan 23 2006 // Florida Insurance Council Executive Vice President Sam Miller predicts hurricane insurance will be the most significant property and casualty issue in 2006, just as it was in 2005, on the state level. “Congress, at a...
W.Va. mine survivor Randall McCloy Jr., families of deceased, eligible for benefits
Jan 23 2006 // Randal McCloy Jr., the only survivor of the recent tragedy at the the 260-foot-deep Inter-national Coal Group Mine in West Virginia, will be eligible for medical benefits and wage replacement benefits immediately, and will...
Garamendi’s proposed auto rate regs will likely cause rate hikes
Jan 23 2006 // Insurers’ estimates say 61 percent of California drivers could pay more. Concern continues to build against California Insurance Commissioner John Garamendi’s plan to impose new regulations for determining auto...
Colo. legislators to tackle auto insurance in 2006 session
Jan 23 2006 // The 2006 legislative agenda for property/ casualty insurers in Colorado will be dominated by automobile insurance and regulatory issues, according to the Property Casualty Insurers Association of America (PCI), based in...
Kentucky Miner’s Family Wins Increased Death Benefits
Jan 23 2006 // The family of an underground coal miner killed in a rock fall is entitled to increased death benefits because the company he worked for had violated several mine safety laws, the Supreme Court ruled last week. Ronnie...
Calif. puts more drive into new laws for residents hitting the road
Jan 23 2006 // New penalties for drunk drivers, street racers, and “pocket bike” riders–along with improvements to California’s teen driving requirements–are among the laws that took effect Jan. 1, 2006,...
People
Jan 22 2006 // Michael J. Roche, senior vice president of Protection Technology and Administration for Allstate Insurance Company, recently was named to IDG’s Computerworld Premier 100 IT Leaders Award Program. Roche was selected...
News Currents
Jan 22 2006 // Zurich and Hellman & Friedman call off Universal Underwriters sale after regulatory issues surface Zurich Financial Services Group (Zurich) and affiliates of Hellman & Friedman LLC (H&F), a leading private...
News Currents
Jan 22 2006 // Kansas lawmakers push for tougher penalties for uninsured drivers Two tough bills to keep uninsured motorists off Kansas roadways will be on the agenda for consideration when the Kansas legislature convenes this January....
Ohio Insurance Deptartment amends financial regulation-related rules
Jan 22 2006 // The Ohio Department of Insurance recently filed revisions to several rules that could impact property and casualty insurance companies. The rules deal with solvency surveillance, acquisition or mergers, reinsurance terms...
Aging baby boomers will mean more
Jan 22 2006 // rehabilitation centers. E&S market ready for some uncertainty Some price hardening possible due to hurricanes; new opportunities seen in housing and health care markets Experts agree. The surplus lines market remains...
News Currents
Jan 22 2006 // From New England to Virginia, courts and juries made insurance headlines Up and down the East coast, much of the most interesting local insurance news in 2005 took place in the courts of law and not in the court of public...
R.I.’s Beacon Mutual pursues rate cuts, restructuring plan
Jan 22 2006 // Beacon Mutual, Rhode Island’s biggest workers’ compensation writer with about 90 percent of the business, has some big plans. First is its plan to lower the loss cost portion of premiums for most employers by...
Excess, Surplus & Specialty
Jan 22 2006 // Speculations for surplus lines market in 2006 Experts agree. The surplus lines market remains alive, healthy and stable. Who can argue with the success of this niche-based market that has risen from 4 percent in 1984 to...
W.Va. mine survivor Randall McCloy Jr.,families of deceased, eligible for benefits
Jan 22 2006 // Randal McCloy Jr., the only survivor of the recent tragedy at the the 260-foot-deep Inter-national Coal Group Mine in West Virginia, will be eligible for medical benefits and wage replacement benefits immediately, and will...
News Currents
Jan 22 2006 // Surplus Line Market: Speculations for 2006 Experts agree. The surplus lines market remains alive, healthy and stable. Who can argue with the success of this niche-based market that has risen from 4 percent in 1984 to...
