Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
News Briefs
May 23 2005 // GEORGIA Licensing System Changes The Georgia Insurance Comm-ission held “Ind-ustry Day Meet-ings” across the state in May to discuss recent changes to the licensing system. In an effort to be responsive to...
Gov. Bush Pledges to Sign SB1486; Insurers Uneasy About Its Provisions
May 23 2005 // Florida Gov. Jeb Bush pledged during the May 11 opening of the annual Governor’s Hurricane Conference at the Tampa Convention Center to sign and approve Senate Bill 1486, controversial legislation that consumer...
Tougher Laws Key in Fight Against Insurance Fraud
May 23 2005 // Lack of money is another big roadblock to fraud fighting today. Many state fraud bureaus are being forced to pinch pennies. How do you convince overworked state prosecutors to chase down often stale-sounding insurance...
USAA Asks for 10.3 Percent Increase; Other Requests Expected
May 23 2005 // Florida’s fifth-largest insurer USAA, filed a request in mid-May to raise premiums by a statewide average of 10.3 percent. David Foy, chief of staff for the Office of Insurance Regulation said he expects more...
Ballinger Describes Texas Stamping Office Operations to AAMGA University
May 23 2005 // Structural similarities and differences between stamping and service offices in the 15 stamping offices across the U.S. and how their markets differ were discussed by Phil Ballinger, executive director of the Surplus Lines...
Ballinger Describes Texas Stamping Office Operations to AAMGA University
May 23 2005 // Structural similarities and differences between stamping and service offices in the 15 stamping offices across the U.S. and how their markets differ were discussed by Phil Ballinger, executive director of the Surplus Lines...
News Briefs
May 23 2005 // JURY REACHES PARTIAL VERDICT IN EXECUTIVE LIFE CASE: A jury reached a partial verdict in the case involving the illegal takeover of failed insurer Executive Life Insurance Company on May 9, according to the Associated...
Could Washington Be Listening to Small Business?
May 23 2005 // Many of the greatest problems small businesses face are government-related, particularly something they call ‘unreasonable government regulation.’ There probably are few American small business owners who could...
PIFC: California Commissioner’s Proposed Homeowner Regs Flawed
May 23 2005 // There is not one statute in the entire Insurance Code of California that authorizes the insurance commissioner to adopt a proposed set of homeowners’ insurance regulations submitted to the Office of Administrative...
Alaska Workers’ Compensation Bill Goes into Overtime
May 23 2005 // An Alaska committee of House and Senate members was unable to hammer out a compromise plan to revise workers’ compensation laws, leaving work on the bill to be completed during a special session scheduled to take...
PCI: States Need to Take Uniform Approach on Finite Risk Inquiries, Rules
May 23 2005 // As an increasing number of state regulators conduct inquiries and tighten accounting rules and reporting requirements for finite reinsurance transactions, one P/C trade group is urging regulators to take a consistent...
Med-Mal in Washington – When Carriers and the Regulatory Body Cooperate
May 23 2005 // The medical malpractice market in Washington state has improved immensely in recent times, but the debate about tort reform is just getting started. Competing initiatives will be in front of voters this fall with the trial...
PIFC: California Commissioner’s Proposed Homeowner Regs Flawed
May 23 2005 // There is not one statute in the entire Insurance Code of California that authorizes the insurance commissioner to adopt a proposed set of homeowners’ insurance regulations submitted to the Office of Administrative...
Fla. Seeks ‘Answers’: AIG Entities Ordered to Provide Detailed Information
May 19 2005 // The Florida Office of Insurance Regulation has joined the ever-increasing tide of regulatory bodies seeking answers from American International Group Inc. AIG operates 43 licensed insurance entities in the State of...
Allstate Floridian Scaling Back on Risk; Applies to Drop 95,000 Homeowners
May 19 2005 // Allstate Floridian, the state’s third-largest provider of homeowners insurance has applied to the Florida Office of Insurance Regulation in Tallahassee to scale back its insurance risk in Florida by dropping 95,000...
New Permanent Disability Regulations to Reduce Workers’ Comp Rates
May 19 2005 // New permanent disability regulations will reduce the cost of workers’ compensation insurance pure premium rates by anywhere from three to 12 percent, said California Insurance Commissioner John Garamendi in a...
NAMIC Staff Directors Take ALEC Task Force Roles
May 18 2005 // Two National Association of Mutual Insurance Companies staff members have assumed new roles on task forces of the American Legislative Exchange Council (ALEC), a national organization of state legislators. During the state...
Mo. Bill Would Make Complaints Against Carriers Confidential
May 18 2005 // Among the many bills sent to Missouri Gov. Matt Blunt’s desk on the final day of the session is one that would make consumer complaints about insurance companies confidential. Supporters say the bill, HB 388, is...
N.Y. Senate Confirms Mills as Insurance Superintendent
May 18 2005 // The New York State Senate confirmed today Governor George E. Pataki’s nomination of Howard Mills as Superintendent of the New York State Insurance Department. Mills has been serving as acting superintendent since...
Md. Set to Release Med-Mal Subsidy Funds to Doctors
May 17 2005 // Almost five months after the Maryland General Assembly passed legislation to reduce malpractice premiums for doctors in high-risk specialties, the Ehrlich administration is ready to release state funds that will be used to...
