Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Bill Aims for Ore. Taxpayers to Cover More Costs of Fires on Private Forests
Jul 5 2005 // Taxpayers would shoulder more of the burden of shielding Oregon’s private forests from fires under a bill that won approval from the Oregon House this week. The legislation, which now heads to the Senate, is an...
Standard & Poor’s Annual Insurance Conference
Jul 4 2005 // Top Corporate Executives Stress Moving Beyond Spitzer Despite recent adversity and scrutiny faced by the insurance industry, financial ratings for companies appear on the upswing. “For the first time that I can...
International Newsbriefs
Jul 4 2005 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
For Mutuals, SOX Rules Don’t Fit
Jul 4 2005 // Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance...
FAIA ‘Roundups’ Analyze Florida Legislation, Its Impact
Jul 4 2005 // A summary and analysis of 2005 Florida legislation and its impact on the insurance industry, including detailed analyses of SB 1912, SB 530, SB1486, HB 501, HCB 6001 and HB 19 were presented to Florida Association of...
Disclosure, Marketing Dominate Young Brokers and Agents Conference
Jul 4 2005 // Agents and brokers must unite and work together so that their industry is able to flourish despite recent challenges involving broker disclosure, participants learned at IBA West’s Young Brokers and Agents Conference...
ACIC OPPOSES CREDIT BILL:
Jul 4 2005 // The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The bill is SB 603 by Sen....
FEDERAL JUDGES ORDER CLAIMANTS TO REIMBURSE FEMA
Jul 4 2005 // Quiana Riggins and Lesley Johnson have been ordered by the U.S. District Court in Miami to repay the Federal Emergency Management Agency for funds they received after filing false hurricane damage claims. Riggins and...
Workers’ Compensation Reform: A Tale of Two States
Jul 4 2005 // The cries for meaningful workers’ compensation reforms have reverberated in the halls of the capitol buildings in Austin and Oklahoma City for many years. Session after session the respective legislatures tinkered...
GOV. SIGNS FRAUD LEGISLATION
Jul 4 2005 // Texas Gov. Rick Perry has signed legislation making it tougher on criminals who commit insurance fraud in the state, according Texas Committee on Insurance Fraud, which strongly supported the measures. Senate Bill 871 by...
CAS Attendees Hear of Positive Trends from Calif. Workers’ Comp Reforms
Jul 4 2005 // Insurers, and especially self-insurers, are seeing positive trends as a result of the workers’ compensation reforms in California, experts on the subject told attendees at the recent Casualty Actuarial Society Spring...
Calif. Commissioner Discusses Workers’ Comp, Homeowners’ Insurance
Jul 4 2005 // California Insurance Commissioner John Garamendi recently took time out from his schedule to chat with Insurance Journal Online Editor Dave Thomas regarding SB 938, “use it and lose it” practices against...
Who’s Afraid of a Little Competition?
Jul 4 2005 // Five or fewer insurers control at least three-quarters of the small-group insurance market. This lack of competition contributes to double-digit premium increases for many small businesses and forces an increase in the...
ACIC OPPOSES SMALL CLAIMS COURT LEGISLATION:
Jul 4 2005 // The Association of California Insurance Companies is opposing Small Claims Court legislation that would hurt consumers by reducing the ability of insurers to represent their policyholders in court. Jeff Fuller,...
Who’s Afraid of a Little Competition?
Jul 4 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 4 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 4 2005 // MASSACHUSETTS Romney Would Require Insurance: Gov. Mitt Romney would require every person in the state to have health insurance under his plan for universal health coverage, which he has dubbed the Safety Net Care...
Romney Auto Reforms Hit Roadblocks from Mass. Agents and Court
Jul 4 2005 // When the chief executive officer of the Independent Insurance Agents and Brokers of America spoke before the Virginia Big “I” recently, he snuck in several digs at liberal-leaning Massachusetts, at one point...
Minnesota’s No-Fault Law to Blame for High Auto Rates
Jul 4 2005 // If our product must be purchased, it should be affordable or bad things can happen in the public affairs arena. We’re finding that to be the case in Minnesota. Minnesota is one of the few remaining states that has...
Missouri Lays Down the Law
Jul 4 2005 // After years of clamoring for relief from expanding workers’ compensation claims, payouts and premiums, Missouri employers are heralding legislative changes that may signal a growing trend by business to curtail...
