Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Fla. Legislative Committees Preparing for 2005 Session
Jan 12 2005 // An overview of property and casualty issues, homeowners, commercial property, PIP, medical malpractice and workers’ compensation have been presented to Florida legislative committees by Gary Guzzo, Florida Insurance...
Agents, Insurers Claim Proposed Asbestos Legislation Falls Short of Solving the Problem
Jan 11 2005 // The Independent Insurance Agents & Brokers of America applauded Senate Judiciary Committee Chairman Arlen Specter (R-Pa.) for moving quickly to hold hearings on proposed asbestos legislation, but says the association...
Okla. Legislation Aims to Override April 1 Auto Rate Hike
Jan 11 2005 // Oklahoma vehicle owners could combat an April 1 increase in auto insurance rates if a bill proposed by Rep. Jerry Shoemake (D-Morris) passes the Oklahoma Legislature. Shoemake has filed a petition to override a law,...
Maryland Lawmakers Override Veto of Med-Mal Bill
Jan 11 2005 // The Maryland House and Senate overrode Gov. Robert Ehrlich’s veto of medical malpractice bill that includes a 2 percent premium tax on HMOs. The $64 million estimated revenues from the tax in the first year will be...
Spitzer Tells N.Y. Legislators More Charges on the Way; Withholds Judgment on Legislative Response
Jan 10 2005 // The insurance industry can expect new charges from New York Attorney General Eliot Spitzer relating to personal lines insurance, according to the state official. Speaking before an Assembly Insurance Committee hearing in...
Insurers Pleased Bush Will Target Asbestos Litigation Reform in Second Term
Jan 10 2005 // Property Casualty Insurers Association of America (PCI) senior vice president, government affairs, Carl Parks, released the following statement on comments made by President Bush on asbestos litigation reform last...
New Delaware Insurance Commissioner Denn Supports Bill to Ban Use of Credit Scoring by Insurers
Jan 10 2005 // Wasting little time acting on one of his campaign promises, new Delaware Insurance Commissioner Matt Denn announced he will support a bill being introduced that seeks to ban the use of credit scores by insurers in personal...
Pedrotti Joins American Agents Alliance as Lobbyist
Jan 10 2005 // The American Agents Alliance announced the addition of J. Kevin Pedrotti as the association’s lobbyist. Pedrotti is the founder and principal of JKPedrotti Inc., and has an extensive background in legislative,...
N.Y. City Law Holds Gun Manufacturers and Dealers Liable to Victims Under Code of Conduct
Jan 7 2005 // The New York City Council has voted to toughen its gun safety laws with legislation that holds gun makers and dealers financially liable to victims of gun violence if the manufacturers or sellers violate a code of...
Guy Carpenter Introduces Solvency II Capital Benchmarking Tool
Jan 7 2005 // Guy Carpenter & Company, Inc., Marsh & McLennan’s risk and reinsurance specialist, has announced the introduction of “Capital Adequacy Projector” (CAP), described as a “capital...
NAMIC Supports President’s Commitment to Tort Reform
Jan 7 2005 // President Bush highlighted the need on Wednesday for common-sense medical liability reform to protect patients and to stop the skyrocketing costs associated with frivolous lawsuits. Bush also stressed the call for class...
AIA: Attorneys Call for Workers’ Comp Rate Regulation
Jan 7 2005 // Democratic lawmakers and attorneys are using the recently implemented workers’ compensation reforms as a tool in their game to undermine Gov. Schwarzenegger’s track record, according to the American Insurance...
Conn. Gov. Rell Vows to Tackle Med-Mal Reform
Jan 6 2005 // Connecticut Governor M. Jodi Rell indicated in her State of the State address that medical malpractice issue is on her agenda for the new year, her first full year in office. Rell delivered her first address before the...
Mutiple Deductible Reimbursement Program Lauched to Aid Fla. Hurricane Victims
Jan 6 2005 // The program to reimburse Floridians who were subject to multiple insurance deductibles because their homes were damaged by more than one hurricane in 2004 was launched today by Florida’s Chief Financial Officer Tom...
Pair of Associations Denounce CDI’s Proposed Disclosure Regulations
Jan 6 2005 // The American Agents Alliance and Western Insurance Agents Association, trade association groups consisting of over 1,500 property and casualty insurance agencies called for the Insurance Commissioner to withdraw his...
Maine Auto Coverage Cancellation Law in Effect
Jan 5 2005 // Maine Secretary of State Dan A. Gwadosky is encouraging all Maine motorists and insurance professionals to familiarize themselves with the state’s new law requiring insurers to report cancellation of mandatory...
Ohio Dept. of Insurance Names Walls Assistant Director for Policy and Legislation
Jan 5 2005 // Ohio Department of Insurance Director Ann Womer Benjamin has named Brent Walls Assistant Director for Policy and Legislation. Wall joins the department from the Office of Criminal Justice Services where he served in the...
DEL. COURT WEIGHS CAREFIRST:
Jan 3 2005 // Health care insurer CareFirst has asked the Delaware Supreme Court to overturn an order that dissolved its affiliation with Blue Cross Blue Shield of Delaware. CareFirst attorney Harding Drane Jr. maintained Insurance...
Segal Shows Off Scabies, But Judge Won’t Allow Prison Medical Leave
Jan 3 2005 // Bond was denied Dec. 16 for convicted racketeer, fraudster and Chicago insurance broker Michael Segal, who during the court hearing pulled opened his orange prison jumpsuit to show a federal judge a rash he apparently...
Untangling the Regulatory Environment Pits State Against Federal Legislators
Jan 3 2005 // In times of disaster the insurance industry is supposed to shine, and your industry did,” Alabama Insurance Commissioner Walter A. Bell commented during a panel discussion at the Society of Insurance Research annual...
