Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
New Laws Clarify Guaranty Fund Obligations
Sep 6 2004 // Policyholders in insurer-funded programs were concerned that they might have to pay twice—some had originally posted large amounts of collateral and were now being requested to pay again. On June 28, 2004, Pennsylvania...
AIK Comp: Kentucky’s Enron’
Sep 6 2004 // AIK Comp’s precarious financial situation in Kentucky should serve as a wake-up call for the workers’ compensation group self-insurance market in the Bluegrass State. Lawmakers and regulators in Kentucky need...
Competitive Rating, Uniform Regulation Are Key Elements of Oxley-Baker Bill
Sep 6 2004 // Sweeping legislation being drafted by federal lawmakers would end state approval of insurance rates and require all states to adopt competitive rating for most types of insurance. States would have to stop requiring...
NCOIL Accepts NAIC Changes to Market Conduct Model
Sep 6 2004 // Under heavy pressure from Congress and insurance industry lobbyists to pick up the pace on regulatory modernization, the National Conference of Insurance Legislators (NCOIL) at its summer meeting in Chicago accepted most...
Storm Brewing Ahead
Sep 6 2004 // The industry braced itself for the onslaught of Hurricane Charley, which hit the coast of Florida Aug. 13, leaving behind piles of rubble and an estimated $7.4 billion bill for insurers to foot, according to the Insurance...
Federal Oxley-Baker Bill Would Require Competitive Rating, Uniform Regulation
Sep 6 2004 // Sweeping legislation being drafted by federal lawmakers would end state approval of insurance rates and require all states to adopt competitive rating for most types of insurance. States would have to stop requiring...
Okla. Committee Recommends Fisher Impeachment
Sep 2 2004 // Oklahoma lawmakers, including many who are term limited, have one serious piece of business to finish before they go out of office – voting on the impeachment of state Insurance Commissioner Carroll Fisher. Speaker...
California Governor Signs Homeowners Legislation
Aug 31 2004 // Governor Schwarzenegger recently signed two bills, AB 2199 (Kehoe) and SB 64 (Speier), that were considered part of Insurance Commissioner John Garamendi’s “Homeowners Bill of Rights” package. Garamendi...
CII Notes Agenda for Annual Conference
Aug 30 2004 // The U.K.’s Chartered Insurance Institute (CII) will focus on the future for brokers when it convenes its annual Insurance & Financial Services Conference at the Convention Centre in Birmingham the 29 September...
Guaranty Fund Reforms Passed in Legislative Sessions
Aug 30 2004 // Model legislation created to address guaranty fund insolvency issues has been passed in several key states in the 2004 legislative sessions, putting reform efforts on the right path, according to the Property Casualty...
PIA Encouraged, But Will Not Endorse SMART Bill
Aug 27 2004 // The National Association of Professional Insurance Agents (PIA) says it is encouraged by the discussion draft of a bill that provides a “road map” for insurance regulatory reform. The draft of the State...
Louisiana Gov. Kathleen Babineaux Blanco
Aug 26 2004 // Laying a Foundation for Long Term Success By Stephanie K. Jones Being first is not a new thing to Kathleen Babineaux Blanco, who was sworn in on Jan. 12, 2004, as the first female Governor of Louisiana. Twenty years...
PCI Shares Montemayor’s Optimism About Texas Homeowners Market
Aug 25 2004 // National insurance trade association Property Casualty Insurers Association of America (PCI) reported that Texas Insurance Commissioner Jose Montemayor told the House Insurance Committee that the reforms implemented...
Alliance Lobbyist Levy to Retire After 14 Years of Service
Aug 25 2004 // After 14 years serving as the American Agents Alliance’s representative in Sacramento, lobbyist Ed Levy has decided to retire, effective Aug. 31, 2004. The independent producers’ association called Levy...
PCI Comments on Federal Regulatory Reform Proposal
Aug 25 2004 // Greater pricing freedom, the reliance on competition as the primary regulator, and the reinforcement of states as the primary regulator of the insurance industry are the three most important components of a legislative...
N.J. Consumer Advocates Caution on Geico Return
Aug 24 2004 // The re-entrance of Geico into the New Jersey auto insurance market last week may not significantly affect state residents who already have difficulty getting policies, some consumer advocates contend. The state agreed to...
Federal Oxley-Baker Bill Would Require Competitive Rating and Uniform Regulation by States
Aug 24 2004 // Sweeping legislation being drafted by federal lawmakers would end state approval of insurance rates and require all states to adopt competitive rating for most types of insurance. States would have to stop requiring...
Farewell Reflections-Have You Noticed That’
Aug 23 2004 // The following article is part two of a three-part commentary written by an insurance company executive which includes an industry critique and reflection on lifelong lessons learned. Part one appeared in the Aug. 9 issue...
Captive Industry Makes Green Mountain State Even Greener
Aug 23 2004 // Vermonters from the governor on down are not shy about expressing their affection for the state’s captive insurance industry. At the recent 19th annual conference of the Vermont Captive Insurance Association (VCIA)...
If Mass. Rebuilds Residual Market, Auto Insurers Still Unlikely to Come
Aug 23 2004 // While Massachusetts’ officials are overhauling their auto insurance residual market in hopes of attracting new insurers, it is becoming increasingly clear that the legislature will have to join the reform effort if...
