Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
NAMIC to NAIC: ‘Alternate SOX Proposal Still Too Much’
Feb 1 2006 // An alternate proposal to impose Sarbanes Oxley Act provisions on mutual insurers, “errs in applying to mutual insurers costly and burdensome internal accounting control measures not demonstrated to preclude or...
Five S.C. Legislators Receive ‘Seat Belt Champion Award’
Jan 31 2006 // Five legislators have each accepted a “Seat Belt Champion Award” from the Nashville-based Meharry-State Farm Alliance, that applauds their success at inserting a primary enforcement amendment into the...
Opponents Claim USG Deal Exposes Fortune 500 ‘Windfall’ from Asbestos Bill
Jan 31 2006 // A group of smaller and medium sized businesses and their insurance companies is using the recent settlement by USG over its asbestos claims to argue that a federal asbestos trust fund would provide a windfall for large...
Wheeler Joins New Jersey’s National Atlantic as Vice President
Jan 30 2006 // National Atlantic Holdings Corp., a provider of specialized property/casualty insurance products and related insurance services based in Freehold, N.J., has appointed as Vice President Douglas Wheeler, former assistant...
USG Settles Asbestos Claims for $4 Billion; Could Now Exit Bankruptcy
Jan 30 2006 // USG Corporation announced today that it has reached an agreement to resolve all present and future asbestos-related personal injury claims, enabling the company and its subsidiaries to take a significant step toward...
Miss. Passes Seat Belt Law; Ga. Considers Seat Belt Law for Trucks
Jan 30 2006 // The Mississippi Legislature, meeting in Jackson, has strengthened its seat belt law by passing House Bill 409 which allows law enforcement to stop a driver for not wearing a seat belt and Georgia is considering removing...
N.Y. Insurance Association Applauds Plan to Modernize Regulation
Jan 30 2006 // Legislation introduced by New York State Senator James Seward (R-C-I/Milford) to modernize insurance regulation of property/casualty insurance rates will stimulate competition to the benefit of consumers, according to the...
Okla. Lawmaker to Seek Insurance Commissioner’s Office
Jan 29 2006 // Oklahoma State Rep. Bill Case, R-Midwest City, announced he will run for insurance commissioner. Case, 52, said he had the experience as a businessman and insurance agent that is needed at the agency. Democrat Kim Holland...
Democrats Propose Mandatory Flood Insurance, Development Limits
Jan 27 2006 // Citing the risks exposed by Hurricane Katrina, a group of California Assembly Democrats unveiled legislation that could block some development in flood-prone areas and require homeowners living on flood plains to have...
Mandates, Regulations Key Topics During W.Va. Big ‘I’ Feb. 12-13 Legislative Topics
Jan 26 2006 // An update describing local, state and national industry and government issues, focusing on the latest legislative topics affecting the insurance industry and independent insurance agents in West Virginia will be held...
Zurich’s CEO Discusses Industry Issues in Davos Interview
Jan 26 2006 // Zurich Financial Services has released an interview with the Group’s CEO, James Schiro, to coincide with the ongoing conference of international business leaders, being held in the Swiss resort of Davos. Schiro, an...
R.I. Senate Passes Beacon Mutual Bill
Jan 26 2006 // The Rhode Island Senate on a vote of 34-3 passed legislation to reduce the number of public appointees to the board of Beacon Mutual and free the state’s dominant workers’ compensation insurer to cover...
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....
