Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
R&M Report on Financial Services Regulators
Jan 24 2005 // Dublin-based Research and Markets announced that it has issued a new report covering the major national and international institutions that regulate the financial services industry. R&M said, “this major new...
Judge Says Criminal Trial in Deadly Nightclub Fire Case Still a Year or More Away
Jan 24 2005 // Owners of a Warwick, Rhode Island nightclub where 100 people died in a fire and the former manager of the band whose pyrotechnics sparked the blaze won’t stand trial on involuntary manslaughter charges for at least a...
Maine Motorists Angered by Uninsured Rule
Jan 24 2005 // Some Maine motorists are angered over a new law under which motor vehicle registrations can be suspended if an insurance company notifies the state of a motorist canceling or failing to pay insurance. So far, more than...
MD. LAWMAKERS OVERRIDE VETO:
Jan 24 2005 // Insurance companies, claiming that the measure would have only minimal effect on insurance prices for doctors, got their wish as Maryland Gov. Robert Ehrlich (R) vetoed a reform bill passed earlier this month by lawmakers....
DELAWARE’S DENN SEEKS CREDIT SCORE BAN:
Jan 24 2005 // 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 lines insurance rating. State Senator Margaret Rose Henry...
Court Knocks Out Mass. Limits on Banks’ Sales of Insurance
Jan 24 2005 // Banks should have an easier time selling insurance in Massachusetts thanks to a recent federal court ruling granting supremacy to federal rules over more restrictive state laws governing banks’ sales of insurance...
Insurer Votes Not to Renew N.H. Woman’s Umbrella Over Political Activity
Jan 24 2005 // Helen Johnston is an 80-year-old retired pediatrician who hardly considers herself much of a risk for being sued. That’s not how her insurance company sees it, however. Johnston is losing extra coverage she bought...
N.Y. Weighed Contingent Fee Issue Years Before Spitzer Investigation
Jan 24 2005 // While it did not begin boiling over until last October when charges were brought against Marsh, the controversy over brokerage contingent fees has actually been simmering for more than a half dozen years in New York...
Insurance Marketing and Communications
Jan 24 2005 // How to Produce Client Seminars As we develop our marketing and communications plans for 2005, one of the most effective ways a broker can provide a customized service to its clients is by producing educational seminars on...
Insurance Marketing and Communications
Jan 24 2005 // How to produce client seminars that work. As we develop our marketing and communications plans for 2005, one of the most effective ways a broker can provide a customized service to its clients is by producing educational...
Compromise Med-Mal Bill Between Doctors, Lawyers Advances in Virginia
Jan 21 2005 // A Virginia Senate committee has endorsed medical malpractice reform legislation that reflects a compromise between Virginia’s doctors and lawyers. The measure does not limit awards for noneconomic damages — a...
Maine Lawmakers Look at Insurance to Plug Budget Gap
Jan 21 2005 // As the Maine Legislature opens its 2005 session, lawmakers are reportedly primarily concerned with tax issues, including a proposal that would tax insurance premiums to fund retirement health insurance for police and...
Insurers Regulator’s Broker Dealer Model Laudable But Still Too Broad
Jan 20 2005 // National Association of Insurance Commissioners efforts to address concerns surrounding broker compensation continue to be over-broad, going beyond the single problem that has been defined, according to comments filed...
Del. to Require New Disclosures by Home Insurers
Jan 20 2005 // Delaware Insurance Commissioner Matthew Denn planned to reveal a new regulation today that will require insurance companies to provide prominent annual disclosures to each homeowner’s policyholder of where there...
Ga. Commissioner, PIA Officials Discuss Disclosure Model Legislation
Jan 20 2005 // Wording in National Association of Insurance Commissioners compensation disclosure model legislation that could negatively affect the long-standing practice of contingent commissions was discussed in Atlanta by Georgia...
R&M Issues Report on Financial Services Regulators in the Middle East and Africa
Jan 19 2005 // The Dublin-based consulting firm Research and Markets has announced the addition of a report on “Financial Services Regulators in the Middle East and Africa” to their offering. “This book provides a...
Study: Consumers Could be Hurt by Federal Regulation of Industry
Jan 19 2005 // Will Congress wrest insurance regulation from state control? As Congress prepares to debate the matter, big players in the insurance industry are lobbying for the regulatory sea change. But it’s a move that could...
NAMIC Appoints Western Region State Affairs Manager
Jan 18 2005 // Former property and casualty claims adjuster, subrogation analyst and insurance attorney, Christian Rataj, has joined the National Association of Mutual Insurance Companies (NAMIC) as state affairs manager for the Western...
Alliance Stands Firm as CDI Continues to Redefine Broker/Agent Fiduciary Duties
Jan 18 2005 // As the coalition of industry associations, spearheaded by the American Agents Alliance, continues to dig its heels in the sand against a California Department of Insurance assault on brokers and agents, the...
National Agent Legislative Conference Set for April
Jan 18 2005 // The Independent Insurance Agents & Brokers of America has scheduled its 29th annual National Legislative Conference for April 20-22 at The Grand Hyatt Hotel in downtown Washington, D.C. The event, which always...
