Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
R.I. Senate to Vote on Beacon Mutual Bill Opposed by Governor Today
Jan 25 2006 // Legislation to amend the charter of the Beacon Mutual Insurance Co. to reduce the number of public appointees on the workers’ compensation carrier’s board and clear the way for it to write out-of-state accounts...
Windstorm Conference Speaker Bailey Predicts Wind vs. Flood Suits Won’t Succeed
Jan 25 2006 // The controversy over litigation about wind vs. flood damage and what could happen in the market place and to the industry if Mississippi Attorney General James Hood and attorney Richard ‘Dickie’ Scruggs are...
Filing Deadline Passes for Okla. Legislature as Session Draws Near
Jan 24 2006 // The Oklahoma House and Senate press offices reported that Thursday, Jan. 19, marked the deadline for state lawmakers to file legislation for the 2006 session, which will open Feb. 6. Since Jan. 1, more than 140...
ACIC Testifies Against Reinsurance Regulations for Calif. Insurers
Jan 24 2006 // The Association of California Insurance Companies (ACIC) is testifying against proposed Department of Insurance reinsurance regulations that the association says would make it more difficult for insurers to do business in...
Mich. GOP Senator Sponsors Legislation that Rewards Healthy Habits
Jan 24 2006 // Exercising everyday and not smoking could bring more than good health to those who participate. In Michigan it could mean cost savings for Medicaid patients who sign on to a healthier lifestyle. On the premise that good...
Insurer, Agent Groups Push for Regulatory Oversight for Ind. Insurance Pooling Bills
Jan 24 2006 // The National Association of Mutual Insurance Companies, the Insurance Institute of Indiana and the Independent Agents of Indiana are calling on the governor and legislators to include regulatory oversight in proposals to...
White House to Revisit Mine Equipment Safety; Head of Agency Quits
Jan 23 2006 // The Bush administration is reviewing safety equipment used in the nation’s mines after previously scrapping similar initiatives started by the Clinton administration. The agency that oversees coal mine safety is...
Miss. Legislation to Require Homeowners to Refuse Flood Insurance in Writing
Jan 23 2006 // The goal of HB 982, approved Jan. 20 by the Mississippi House of Representatives is to make the basics of home insurance more understandable to homeowners and would require home buyers to refuse flood insurance in writing....
N.Y. Lawmakers Call for Federal, State Catastrophe Funds
Jan 23 2006 // Three elected representatives from New York joined with a leading homeowner’s insurance company last week in a call for increased government involvement in providing reinsurance for catastrophes. Congressman Steve...
Surplus Line Market: Speculations for 2006
Jan 23 2006 // AUTHOR: By Susan McKenna 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...
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,...
