Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
News Briefs
Aug 22 2005 // WIAA SUBMITS COMMENTS ON LATEST GARAMENDI AGENDA PROPOSAL: The Western Insurance Agents Association submitted comments to the California Department of Insurance opposing yet another over-reaching proposed regulation...
Claims History Model Act Now in Hands of State Legislators
Aug 22 2005 // Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel their policy, or raise their premium, under a new claims history model...
Appeals Court Rules in Favor of Times-Picayune in Excess Insurance Case
Aug 19 2005 // Reversing a summary judgment by a district court, the U.S. Court of Appeals for the Fifth Circuit recently decided that The Times-Picayune Publishing Corporation, based in New Orleans, is entitled to recover the entire...
Gallagher Wants Independent Review of State Farm’s Rate Request
Aug 19 2005 // Citing concern that insurance companies are using the 2004 hurricanes to unfairly raise rates, Florida’s Chief Financial Officer Tom Gallagher has called for an independent review of a rate increase on homeowners...
PCI Says Ariz. Court Ruling Threatens Workplace Safety
Aug 18 2005 // The Property Casualty Insurers Association of America is disappointed that the state Supreme Court in David C. Grammatica v. Arizona Industrial Commission has invalidated what PCI believed was a valuable law designed to...
The Garamendi Agenda: Producer Regulations Version 2.0
Aug 17 2005 // WIAA Calls Latest Set of Regulations “Agency Killer”; Calls on Coalition To Stick Together. Rancho Cordova…Although soundly defeated in the legislature earlier in the year, the Garamendi Agenda remains...
Credit-based Insurance Scoring in Renewal Policy Underwriting Essential for Accuracy
Aug 17 2005 // The National Association of Mutual Insurance Companies will testify at an Alaska Division of Insurance hearing that, “at renewal, insurance carriers need the flexibility to engage in a total circumstances analysis of...
N.Y. Agents Back Financial Information Breach Notification Law
Aug 17 2005 // Businesses must notify New Yorkers when their financial and personal information has been compromised under a measure that has become law in New York. The Information Security Breach and Notification Act, which takes...
NAMIC Encourages Hawaii Legislative Working Group to Adopt Rate Modernization
Aug 16 2005 // The National Association of Mutual Insurance Companies has told a Hawaii legislative committee that passage of rate modernization laws would benefit state commerce and insurance consumers. In written comments filed last...
N.J. Gubernatorial Hopeful Hit Over Out-of-State Insurer, Campaign Gifts
Aug 15 2005 // A public interest lawyer has charged Republican Douglas Forrester with intentionally skirting New Jersey law by licensing an insurance company out-of-state and using the shell operation to illegally funnel millions in...
Mirel Stepping Down as D.C. Insurance and Securities Regulator
Aug 15 2005 // Lawrence H. Mirel, insurance commissioner for the District of Columbia, is stepping down from the post he has held for the past six years, the office of D.C. Mayor Anthony Williams has confirmed. Vincent Morris, a...
S&P Affirms Willis ‘BBB-‘ Ratings
Aug 12 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB-” counterparty credit and senior unsecured debt ratings on Willis Group Holdings Ltd. and has revised the outlook to stable...
WIAA Submits Comments On Latest Garamendi Agenda Proposal
Aug 12 2005 // Requiring insurers to submit written explanations of “for cause” terminations of company appointments is unnecessary and lacks statutory authority Rancho Cordova…The Western Insurance Agents Association,...
CORRECTION: Alliance Comments on CDI’s Amendment of Agency Appointment Regulations
Aug 12 2005 // The American Agents Alliance released the correction to an Aug. 10 article titled American Agents Alliance Comments on CDI’s Amendment of Agency Appointment Regulations. “The Alliance remains opposed to the...
Bills to Be Heard Next Week in Calif. Legislature
Aug 12 2005 // The Association of California Insurance Companies has released their weekly bill roundup. The following bills that will be heard next week in the California Legislature: Senate Appropriations Committee – Aug. 15 AB...
PCI Says Court Ruling Threatens Workplace Safety
Aug 11 2005 // The Property Casualty Insurers Association of America is disappointed that the state Supreme Court has invalided what PCI believed was a valuable law designed to help provide drug and alcohol-free working environments in...
American Agents Alliance Comments on CDI’s Amendment of Agency Appointment Regulations
Aug 10 2005 // Thanks to the pressure applied by the American Agents Alliance and its association partners, the California Department of Insurance has amended its proposed regulations dealing with the electronic reporting of agency...
Wharton Study Recommends Short-Term TRIA Renewal, Study of Long-Term Solution
Aug 10 2005 // A 224-page report from the Wharton School at the University of Pennsylvania recommends that Congress renew the current federal Terrorism Risk Insurance Act backstop but “only for a relatively short period of...
Ohio Insurance Department Reorganizes Fraud Division
Aug 9 2005 // Ohio Insurance Director Ann Womer Benjamin today announced the reorganization of the Department’s Office of Investigative and Licensing Services to create a Fraud and Enforcement Division and a Market Regulation and...
NAMIC: State Actions Render Proposed NAIC Claims History Model “Irrelevant”
Aug 9 2005 // Creating a model act to establish a property claim history database would be “irrelevant,” given legislative action that has already occurred in the states wrote the National Association of Mutual Insurance...
