Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
IBA West Urges CDI To Change Producer Name Regulations
Sep 14 2005 // IBA West has urged the California Department of Insurance (CDI) to make changes to potential regulations that would specify the criteria used by CDI for approving or rejecting insurance producers’ business...
Vt. Eases Red Tape For State’s Financial Firms With Katrina Customers
Sep 14 2005 // Vermont financial providers that have been displaced due to Hurricane Katrina, or have customers who have been displaced, will find it easier to conduct business with one another thanks to a regulatory order from the...
RRGs Need Uniform Rules, Better Member Safeguards, Argues Federal Report
Sep 14 2005 // State insurance regulators should adopt consistent standards for risk retention groups and Congress should consider continuing the RRG exemption from state insurance laws only in states that adopt the new standards....
AIA Urges Calif. Gov. to Veto Legislation Unraveling 2004 Comp Reforms
Sep 14 2005 // The American Insurance Association is urging Gov. Arnold Schwarzenegger (R) to veto SB 1023, authored by Senator Joe Dunn (D). This measure rolls the clock back by reinstating redundant penalties that were eliminated in...
