Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
News Briefs
Nov 6 2005 // ALABAMA Vesta Reinsurance To Cover Wilma Vesta Insurance of Birmingham, issued a statement saying it has complete reinsurance coverage for Hur-ricane Wilma claims in Florida. “As previously disclosed, Vesta’s...
At IIAT’s Small Agency Conference, lawmaker says involvement is key to legislative success
Nov 6 2005 // Sen. Staples Urges Agents to Continue Participating in the ‘Process’ Nearly 250 attendees turned out for the Independent Insurance Agents of Texas’ first-ever Small Agency Conference, held in Waco in...
California Insurance Commissioner Announces Anti-Fraud Guidelines
Nov 6 2005 // California Insurance Com-missioner John Gara-mendi has announced new Special Investigative Unit (SIU) regulations for insurance carriers licensed to conduct business in California. The regulations are a result of a...
Calif. Court Rules Illegal Immigrants Can Get Workers’ Comp
Nov 6 2005 // Illegal immigrants injured on the job are entitled to workers’ compensation benefits despite their legal status, a California state appeals court recently ruled. The 2nd District Court of Appeal ruled in a case...
News Briefs
Nov 6 2005 // California CDI Amends Proposed “Action Notice” Filing Regulations The California Department of In-surance has deleted a section of proposed regulations that would have required insurers to notify CDI when a...
PCI Meeting Focuses on Reform of “Flawed” Regulatory System
Nov 6 2005 // Regulatory reform, terrorism insurance and the eventual impact of record-breaking natural disasters were the main topics of discussion at the annual meeting of the Property Casualty Insurers Association of America, held in...
Credit-based Insurance Scoring Remains a Key Legislative, Regulatory Issue
Nov 6 2005 // Credit-based insurance scoring has been a contentious legislative and regulatory issue in the world of insurance for at least the last three or four years, but the nature of the debate has changed, Robert Detlefsen,...
News Briefs
Nov 6 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
News Briefs
Nov 6 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
Rising Medical Solutions Addresses Ill. Workers’ Comp Reform
Nov 3 2005 // Kimberly Moreland, director of Account Management at Rising Medical Solutions Inc., recently spoke to some of the challenges facing those who deal in workers’ compensation at the Work Injury Conference in...
Rep. Oxley to Retire at End of 2006
Nov 2 2005 // Rep. Michael G. Oxley (R-Ohio), Chairman of the U.S. House Financial Services Committee announced yesterday that he will not seek re-election in 2006. Oxley will retire from Congress at the end of his current term,...
Willis Group Unveils Q3 Report
Nov 2 2005 // Willis Group Holdings Limited, the global insurance broker, reported results for the quarter and nine months ended Sept. 30, 2005. Net income for the quarter ended Sept. 30, 2005 was $49 million, or $0.30 per diluted...
CDI Drops Broker Regulations
Nov 2 2005 // California Insurance Commissioner John Garamendi has announced that he will suspend his efforts to adopt new regulations imposing fiduciary duties and mandatory disclosure obligations on insurance agents and...
Admitted Drunk, Underage Driver Can Sue Bars, Mass. Court Rules
Nov 1 2005 // A Suffolk Superior Court in Boston has ruled that an admittedly drunk underage drinker in Massachusetts can sue two bars that served him alcohol before he was involved in a vehicle crash. According to Judge Ralph Gants,...
Insurers Challenge Delaware Curb on Use of Claims History in Renewals
Nov 1 2005 // Insurers are challenging a Delaware regulation that limits their ability to base homeowners insurance underwriting decisions on insureds’ past claims history. The American Insurance Association and the Property...
Miss. Gov. Barbour Says Federal Katrina-Related Aid Proposals Fall Short of Requests
Nov 1 2005 // Mississippi Governor Haley Barbour has criticized President George Bush and his administration’s proposals for Hurricane Katrina-related aid, saying it falls short of what Mississippi has requested from the federal...
CA State Fund To Host Confined Workplace Spaces Seminar
Nov 1 2005 // California State Compensation Insurance Fund’s Stockton District Office and the Stanislaus County Farm Bureau will jointly hold a free seminar, “Confined Space in the Workplace,” on November 3rd in...
N.Y. Hopeful Spitzer Stresses Strong Enforcement as Good for Businsess
Oct 31 2005 // New York Attorney General Eliot Spitzer, who is running for Governor in his home state, has painted his critics as defenders of corrupt practices and not true champions of free enterprise. He also has sought to refute the...
Insurance Industry Scores Win
Oct 31 2005 // United Industry Effort Results in CDI Deletion of Contentious Proposed Regulation Language Rancho Cordova…The Western Insurance Agents Association commended the recent action by the California Department of Insurance...
Tort Reform Legislation Passes House, Moves to Senate
Oct 28 2005 // By a vote of 228-184 on Thursday, the House of Representatives favorably approved H.R. 420, the Lawsuit Abuse Reduction Act (LARA). The legislation, introduced by Representative Lamar Smith (R-Texas), would penalize...
