Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
People
Jul 4 2005 // Columbus, Ohio-based Grange Insurance has promoted Alan D. Brannan to the new post of president of property/casualty for the Grange Mutual Casualty Group. In his new role, Brannan will oversee all property/casualty...
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...
AIA Seeks to Improve N.C. Security Breach Legislation
Jul 4 2005 // Well-intentioned legislation aimed at fighting broad-based identity theft needs several changes before it can work effectively for property/casualty insurance policyholders, according to Raymond G. Farmer, Ameri-can...
News Briefs
Jul 4 2005 // ACIC OPPOSES CREDIT BILL: 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...
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...
News Briefs
Jul 4 2005 // ACIC OPPOSES CREDIT BILL: 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...
Industry Fears ‘Serious Impact’ on Auto Market of N.J. Court Ruling
Jul 4 2005 // A New Jersey Supreme Court decision handed down last month that eliminates a “serious life impact” test under the auto insurance verbal threshold will dramatically increase automobile insurance losses and rates...
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...
IIABA Leader Fears Hodgepodge of Fee 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...
Final U.S. Report on R.I. Nightclub Fire Urges Sprinklers, National Fire Code
Jul 1 2005 // The U.S. Commerce Department’s National Institute of Standards and Technology today urged all state and local governments to adopt and aggressively enforce national model building and fire safety codes for...
NAMIC Praises La. Lawmakers for Adjustments to Residual Market Rating Formulas
Jun 30 2005 // Louisiana lawmakers should be commended for adjustments they have made in the rating formulas used to calculate rates for the state’s residual markets, according to an official of the National Association of Mutual...
Calif. Workers’ Comp Rate Regulation Bill Fails Passage
Jun 30 2005 // The California Assembly Insurance Committee said June 29 now is not the time for rate regulation and it was too early to judge the impact of the historic workers’ compensation reforms (SB 899) on rates, reported the...
Wis. Assembly Passes Bill to Pin Insurers With $500 Million Fox River Cleanup Tab
Jun 29 2005 // A coalition of carriers that insured Wisconsin’s paper manufacturers thought they had successfully defeated a legislative effort to force them to pick up the estimated $500 million tab to clean up the polluted Fox...
Ala. Task Force Recommends 60-Day Homeowners Policy Notice
Jun 29 2005 // The Alabama Hurricane Issues Task Force headed by Insurance Commissioner Walter A. Bell has recommended a new regulation that would force insurers to give 60 days notice to policyholders whose insurance will be changed or...
Alaska Gov. Murkowski Signs Reform Regulations Bill
Jun 29 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,” said Murkowski....
N.Y. Lawmakers Float Bill to Raise Minimum Age for Boating to 14
Jun 28 2005 // Children under 14 would have to stick to swimming or water-skiing under a bill gaining support in the New York Legislature that would restrict the use of personal watercraft. The measure, sponsored by Assemblywoman...
PIA Defends State Regulation, Opposes Federal Charter, Objects to Disclosure
Jun 28 2005 // The National Association of Professional Insurance Agents steadfastly supports state regulation of insurance, strongly opposes an optional federal charter and has cautioned carriers against adopting company-specific...
PIA of Fla. Issues ‘Legislative Report’; Plans Explanatory Sessions
Jun 28 2005 // The Professional Insurance Agents of Florida has announced the completion of its 2005 Legislative Report summarizing the provisions of recent legislation passed in the spring sessions of the Florida Legislature and that it...
Vt. Governor Signs Bills for Firefighters’ Workers’ Comp, Fire-Safe Cigarettes
Jun 27 2005 // Vermont Gov. James Douglas has signed into law two bills, one designed to prevent cigarette-related fire deaths and the other to financially protect firefighters who suffer heart attacks in the line of duty. One law calls...
Chrysler to Stop Leasing Autos in R.I. if Liability Law Lapses
Jun 27 2005 // Chrysler Financial, a business unit of DaimlerChrysler Services North America LLC, will cease leasing cars in Rhode Island beginning August 1, 2005, if the current vicarious liability legislation passed by the state...
