Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Congress Asked to Shield Volunteer Contractors from Liability
Sep 21 2005 // The U.S. House of Representatives is weighing legislation to protect contractors who respond to declared federal, state and local emergencies or disasters from lawsuits arising out of their volunteer efforts. The provision...
NAIC Reports Multi-State Regulatory Settlement with Marsh & McLennan Cos.
Sep 21 2005 // More than 30 state insurance regulators working collaboratively through the National Association of Insurance Commissioners (NAIC) on Wednesday announced a multi-state regulatory settlement with the nation’s largest...
ACIC Opposes Proposed California Department of Insurance Regulations
Sep 21 2005 // The Association of California Insurance Companies (ACIC) recently testified on proposed Department of Insurance regulations. According to Jeff Fuller, executive vice president and general counsel of ACIC, if passed, the...
Federal Role in Regulation is the Big Unknown in Surplus Line’s Future
Sep 19 2005 // If Congress Changes Regulation, Impact Would be Big … But That’s a Big ‘If’ While underwriting cycles and the dynamics of distribution are certain to shape the surplus lines industry of 2010, a...
NAIC Releases 2006 Budget
Sep 19 2005 // The National Association of Insurance Commissioners has released its proposed budget for 2006, which calls for projected revenue of $59.3 million, a .18 percent increase over 2005 budget levels. Projected expenses of $58.3...
Indiana Targets Insurance for Economic Development
Sep 19 2005 // Former insurance industry advocate Mike Chrysler has recently been appointed as the Indiana Economic Development Corporation’s (IEDC) Director of Insurance Initiatives. Chrysler, an Indiana native and former...
Wis. Launches First Health Insurance Cooperative
Sep 19 2005 // The first health insurance cooperative in Wisconsin is set to be introduced this month to help small businesses, nonprofits and individuals negotiate affordable insurance plans. According to Associated Press, Co-op Care of...
Court Ruling Says Asbestos-Related Disease Does Not Constitute ‘Bodily Injury by Accident’
Sep 19 2005 // The U.S. Court of Appeals, Fifth Circuit, recently issued its opinion in Graphic Packaging International Inc. v. Employers Insurance of Wausau, upholding the validity of an exclusion for “bodily injury by...
Midwest FEATURE: Market Spotlight on Illinois and Ohio
Sep 19 2005 // Although the insurance industry — and the rest of us — are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...
Fla. Lawmakers Nelson, Foley Voice Support for National CAT Fund
Sep 19 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.), have voiced support for a national catastrophe fund insurance companies would establish to provide extra funding in the event of...
CDI to Introduce Third Revision of Broker Fiduciary Regs
Sep 19 2005 // The California Department of Insurance has plans to introduce the third iteration of its broker fiduciary responsibility regulations, much to the chagrin of the American Agents Alliance. In October 2004, the DOI introduced...
Midwest FEATURE: Market Spotlight on Illinois and Ohio
Sep 19 2005 // Although the insurance industry – and the rest of us – are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...
Midwest FEATURE: Market Spotlight on Illinois and Ohio
Sep 19 2005 // Although the insurance industry – and the rest of us – are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...
Fla. Lawmakers Nelson, Foley Voice Support for National CAT Fund
Sep 19 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.), have voiced support for a national catastrophe fund insurance companies would establish to provide extra funding in the event of...
Indiana Targets Insurance for Economic Development
Sep 19 2005 // Former insurance industry advocate Mike Chrysler has recently been appointed as the Indiana Economic Development Corporation’s (IEDC) Director of Insurance Initiatives. Chrysler, an Indiana native and former...
Texas’ Workers’ Comp Reform Takes Effect, Deemed a ‘Win-Win’ for All
Sep 19 2005 // Conference panelists remain hopeful legislation will help state’s troubled system. The Insurance Council of Texas recently held its 2005 workers’ compensation conference in Austin, Texas, where different...
News Briefs
Sep 19 2005 // UTAH UTAH SUPREME COURT RULES WCF ASSETS NOT OWNED BY STATE: The Utah Supreme Court has declared that Workers Com-pensation Fund’s assets are owned by policyholders, not the state. The ruling in favor of WCF settles...
Two to Watch
Sep 19 2005 // The old saying goes, “No man’s life, liberty or property are safe while the legislature is in session.” We can all breathe easier and let the children out of the house, now that the Texas Legislature is...
Alliance Offers New Programs at 2005 Conference & Expo
Sep 15 2005 // A “Launching Pad” where companies will be displaying their new products and services is just one of many new features that will highlight “Partnering for Success,” the American Agents Alliance 2005...
AIA Pleased with Results of 2005 Calif. Legislative Session
Sep 14 2005 // The California legislature adjourned sine die on Thursday, Sept. 8, 2005, and the American Insurance Association is pleased with the overall results. “When the session began in January, insurers faced numerous...
