Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
AAMGA Ethics Workshop Topic: Insurance Industry Pressures
May 2 2005 // “Ethics in the Wholesale Insurance Marketplace” workshops concluded on Saturday afternoon with a round-table discussion, led by Ernest Csiszar, president of the Property and Casualty Insurance Association of...
PCI: Collaborative Effort Yields Positive Results for Insurers in Washington
Apr 29 2005 // Despite early signs that the 2005 session of the Washington Legislature would impose a series of costly and burdensome measures on the insurance market, the Property Casualty Insurers Association of America (PCI) saw the...
Proposed Legislation Ensures Fairness in Standards Applied to Agents in Texas
Apr 29 2005 // Texas House Bill 2155 and Senate Bill 236 were recently debated before each Chamber’s respective committee. This critical legislation, sponsored by the Independent Insurance Agents of Texas, merits broad support, as...
Insurer Groups Praise Texas Senate Passage of Asbestos Reform Legislation
Apr 29 2005 // Both the American Insurance Association and the Property Casualty Insurers Association of America recently issued statements lauding the Texas Senate for passing comprehensive asbestos and silica litigation reform...
Key Issues Remain Unsolved As Fla. Passes HB 1937
Apr 29 2005 // House Bill 1937 passed with a vote of 96-20 on Thursday, despite opposition about exemptions on paying policy limits. One of the key issues still under consideration is a legislative remedy for a 2004 Florida court...
PIFC: Garamendi’s Proposed Homeowner Regs Flawed
Apr 29 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...
R&M Reports on Global Insurance Market Regulators
Apr 28 2005 // Dublin-based Research and Markets has announced the addition of a study on Global Insurance Regulators to their offering. “Rapid growth in financial services regulation in many countries has led to demand for high...
NAMIC Says Calif. Commissioner Continues Search for Problem to Solve on Broker Compensation
Apr 27 2005 // California Insurance Commissioner John Garamendi’s hoped-for regulations on the professional duties of an agent or broker propose solutions to problems that have yet to be identified according to the National...
Pa. Lawmaker Wants Shield Against Obesity Lawsuits
Apr 26 2005 // A state legislator wants to add Pennsylvania to the list of states that protect the food industry from lawsuits in which people blame restaurants and other food vendors for making them fat. Rep. Douglas Reichley, R-Lehigh,...
Mich. Judge Rules Insurance Scoring Ban Illegal
Apr 26 2005 // Michigan’s Office of Financial and Insurance Services overstepped its authority in issuing rules that prohibited the use of credit-based insurance scores, according to a Michigan Circuit Court judge. In the case of...
State Farm Back in W.Va. Market; Will Write New Homeowners, Business Policies
Apr 26 2005 // State Farm Insurance has announced that as of May 1 it will begin accepting applications from West Virginia homeowners and businesses for new insurance policies. The company is the largest property and casualty insurer in...
Failure of Bills to Ban or Restrict Credit Scoring in Wash. Critical to State Ins. Marketplace, Says NAMIC
Apr 26 2005 // The failure of four bills introduced during the Washington State legislative session that would have banned or added further restrictions to the use of credit-based insurance scoring as an underwriting tool may send the...
Ariz. Gov. Napolitano Signs Pro-Business Legislation
Apr 26 2005 // The Property Casualty Insurers Association of American (PCI) on Tuesday commended Arizona Gov. Janet Napolitano for signing into law legislation that will allow business owners an opportunity to lower their insurance...
Conn. Med-Mal Prescription Still Uncertain
Apr 26 2005 // Dealing with the thorny issue of how to ease doctors’ rising medical malpractice insurance rates, Connecticut lawmakers have managed this year to whittle dozens of proposals down to two. The work isn’t finished...
Fla. Insurance Bills Passage Could Exempt Surge Flood Damage Claims
Apr 25 2005 // Insurance bills nearing final votes in the Florida Legislature could provide insurers with a broad exemptions from paying homeowners with storm-surge flood damage according to provisions of the state’s 100-year-old...
Fla. Insurance Commissioner McCarty Issues Subpoenas to 17 Reinsurers
Apr 25 2005 // Florida insurance regulators are probing the dealings of 17 reinsurers selling finite risk policies. Florida’s Insurance Commissioner Kevin McCarty said that he has issued investigative subpoenas to the reinsurers...
ABI Urges Reform of FSA Enforcement Procedures
Apr 22 2005 // The Association of British Insurers (ABI) has urged the U.K.’s Financial Services Authority (FSA) to improve its enforcement procedures so that they provide “greater transparency, objectivity and...
Conn. Civil Union Bill Signed into Law
Apr 22 2005 // Connecticut Gov. M. Jodi Rell signed landmark legislation this week that makes Connecticut the first state to recognize same-sex civil unions without court pressure. It joins Vermont and Massachusetts as the only states...
Powell, Ridge and Oxley to Address PCI Annual Meeting this October in Chicago
Apr 22 2005 // Former Secretary of State Colin Powell, former Secretary of Homeland Security Tom Ridge, and U.S. Representative Mike Oxley (R – Ohio), will be the featured speakers at the 2005 Property Casualty Insurers Association...
Okla. Governor Praises House Committee Approval of Comp Reform Legislation
Apr 22 2005 // Oklahoma Gov. Brad Henry’s office reported that his efforts to reform Oklahoma’s workers compensation system cleared another legislative hurdle, passing the House Judiciary Committee. Senate Bill 846, which is...
