Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Hilb Rogal & Hobbs Hit By Legal Expenses in 2nd Quarter
Jul 28 2005 // Hilb Rogal & Hobbs Company, based in Richmond, Va., reported that for the second quarter, total revenues were $162.0 million, compared with $147.8 million a year ago, an increase of 9.7 percent. Commissions and fees...
AIA: CAFTA an Important Market-Opening Step
Jul 28 2005 // Congress took an important step toward opening the world’s insurance markets when it approved the Central American Free Trade Agreement (CAFTA), the American Insurance Association said Thursday. “Costa Rica,...
Pa. Court Strikes Down ‘Deep Pockets’ Tort Reform
Jul 27 2005 // A Pennsylvania court has ruled unconstitutional a key component of tort reforms enacted in 2002. Commonwealth Court ruled that a measure that abolished joint and several liability is invalid because it was not germane to...
Calif. Trial Judge Rules Prop. 64 Is Not Retroactive In Case Against State Fund
Jul 27 2005 // A San Francisco trial court judge recently ruled in the case Palm Medical v. State Compensation Insurance Fund (SCIF) that Prop. 64 is not retroactive, allowing the plaintiff to pursue injunctive relief on behalf the...
Greater N.Y. Mutual CEO Makes Case for Terror Coverage; NAMIC Suggests Britain’s Pool Re as Model
Jul 27 2005 // Warren Heck, chairman and chief executive officer of Greater New York Mutual Insurance Company in New York, N.Y., brought his company’s front line experience with terrorism risk before a House Financial Services...
Safety Groups Press for Rollover, Other Measures in Highway Bill
Jul 26 2005 // Safety advocates are urging lawmakers to include new automobile safety requirements in a long overdue highway bill. Among the issues they want addressed are ways to reduce deaths from accidents when vehicles roll over and...
Alliance Opposed to Proposed CDI “Agent Appointment” Regs
Jul 26 2005 // The American Agents Alliance has issued its official objections to the proposed regulations (file number RH 04037941), which were submitted on June 3, 2005. The Alliance believes the regs “do not meet the standards...
Vt. Volunteer Firefighters Left Out of Workers Comp Revision
Jul 25 2005 // Volunteer firefighters in Vermont say they were inappropriately left out of a new law that gave their full-time, professional colleagues benefits that they believe they also deserve. Passed on the final day of the session,...
Left to Right: Sen. Clinton, Gingrich Meet in Middle on Health Reforms
Jul 24 2005 // Hillary Rodham Clinton, who as first lady pushed a health care policy overhaul in the early 1990s, found Republican lawmaker Newt Gingrich as her adamant foe. But now the two are working together to promote health care...
Delaware Commissioner Wants To Publicize Complaints Against Insurers
Jul 21 2005 // Delawareans would be able to evaluate insurance companies based on the number and kinds of valid complaints made against them by their customers under a new system proposed by Delaware Insurance Commissioner Matthew...
News Currents
Jul 18 2005 // Two Industry Opposed Bills Die in California Legislature California’s SB 46 and SB 603 both died in the Legislature in late June, allowing insurers to breathe a little easy-for now. SB 46, authored by Sen. Richard...
Opinion: Rare Calif. Policy Success Tries to Survive
Jul 18 2005 // This month new workers’ compensation insurance rates went into effect in California. And thanks to reforms championed early on by State Sen. Charles Poochigian and Assemblyman Abel Maldonado, and later pushed by Gov....
Agent Leader Hits Hodgepodge of Disclosure Rules by Insurers
Jul 18 2005 // While insurance companies are calling upon state officials to coordinate their responses to the various brokerage compensation and other inquiries, independent insurance agents are worried about how the insurers themselves...
Two Industry Opposed Bills Die in California Legislature
Jul 18 2005 // California’s SB 46 and SB 603 both died in the Legislature in late June, allowing insurers to breathe a little easy–for now. SB 46, authored by Sen. Richard Alarcon (D — San Fernando Valley), would have...
ALASKA GOV. SIGNS REFORM REGULATIONS BILL:
Jul 18 2005 // Alaska Gov. Frank Murkowski recently signed 18 bills into law, including legislation to reform insurance regulations. “I was pleased to sign these important pieces of legislation into law,” Murkowski said....
New SOX Rules Don’t Fit Mutual Insurers for Size
Jul 18 2005 // For mutual property/casualty insurers, year-one SOX compliance costs would exceed $300 million. It’s obvious to us at the National Association of Mutual Insurance Cos. that there are crucial differences between...
Alan A. Smith, Jr. is president/CEO of the Western
Jul 18 2005 // By Alan A. Smith, Jr. Many of our allies in the fight against the Garamendi Agenda were puzzled by IBA West General Counsel Steve Young’s open hostility toward the Western Insurance Agents Association’s...
Who’s Afraid of a Little Competition?
Jul 18 2005 // Ah, the traditional signs of summer-salt air, suntan lotion and that pungent smell without which no vacation trip is complete-the fumes of expensive gasoline. Although skyrocketing gas prices consume much of the...
Agent Leader Hits Hodgepodge of Disclosure Rules by Insurers
Jul 18 2005 // While insurance companies are calling upon state officials to coordinate their responses to the various brokerage compensation and other inquiries, independent insurance agents are worried about how the insurers themselves...
News Briefs
Jul 18 2005 // WASH. WORK COMP BENEFITS SEE INCREASE OF 0.6%: Workers currently receiving Washington workers’ compensation time-loss or pension benefits will receive a 0.6 percent cost-of-living increase effective immediately....
