Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
PCI Says Industry Unfairly Painted in Light of Alleged Illegal Practices
Oct 22 2004 // As more companies and more names pop up in the ongoing insurance industry investigation involving reported illegal practices in the commercial lines market, Property Casualty Insurers Association of America’s (PCI)...
Alliance Responds to Proposed Disclosure Regulations
Oct 22 2004 // Following the notice of proposed new disclosure regulations by insurance Commissioner John Garamendi, the American Agents Alliance has released a statement regarding its position on the Commissioner’s...
RemedyTemp to Fight Calif. Workers’ Comp Case Decision Following Appeal Court Ruling
Oct 21 2004 // RemedyTemp Inc., which operates as Remedy Intelligent Staffing and RemX Specialty Staffing, said it will ask the California Supreme Court to review the ruling by a California Court of Appeal panel that the insurers that...
Pa. Gov. Unveils Letter to Congressional Delegation Regarding Flood Relief
Oct 21 2004 // Pennsylvania Gov. Edward Rendell this week released the following letter to the Pennsylvania Congressional delegation in reference to flood relief for the Commonwealth: Dear Senator Santorum: “As a follow up to our...
Lobby: Many Mich. Consumers Will Pay More if Scoring Ban Approved
Oct 20 2004 // Many consumers will pay more for home and auto insurance if a state-proposed rule to ban the use of credit-based insurance scoring discounts in Michigan becomes effective next year, a lobbyist for the state’s...
Garamendi Unveils Proposal to Protect Consumers from Undisclosed Commissions
Oct 20 2004 // Calling secret broker commissions a “serious problem that betrays the public’s trust,” California Insurance Commissioner John Garamendi announced new regulations on Oct. 20 to require agents and brokers...
PCI Cites State Trade Group’s ‘Crucial Role’ in Regulatory Reform Debate
Oct 19 2004 // Ernie Csiszar, president of the Property Casualty Insurers Association of America, told the annual meeting of State Insurance Trade Associations (SITA) that State insurance company trade groups will play a crucial role in...
Md. Leaders Optimistic Over Med-Mal Session
Oct 18 2004 // Maryland Gov. Robert Ehrlich and top legislative leaders emerged from a meeting in the governor’s mansion last Thursday, holding out hope of a special legislative session next month to deal with a medical malpractice...
Judges Uphold TWCC’s Removal of Doctors from ADL
Oct 18 2004 // The Texas Workers’ Compensation Commission (TWCC) reported that a District Court Judge in Ector County has turned down a request for a temporary injunction from a Odessa-area doctor who was denied admission to...
AWCC Names Douthit as Administrative Law Judge
Oct 15 2004 // The Arkansas Workers’ Compensation Commission (AWCC) appointed Dale Douthit, a Russellville attorney, as its newest Administrative Law Judge (ALJ). The AWCC, administrator of the state’s workers’...
Federal Judge Dismisses Holocaust Insurance Cases
Oct 15 2004 // A federal judge on Thursday tossed out 20 lawsuits accusing an insurance company of not paying benefits to victims of the Holocaust. U.S. District Judge Michael Mukasey claimed the lawsuits are pre-empted by the U.S....
Mass. Targets Amusement Park Safety
Oct 12 2004 // Massachusetts would spend an extra $1.7 million to hire additional amusement ride inspectors, force ride operators to boost liability insurance from $1 million to $5 million and create stricter education requirements for...
Oregon’s Liberty Northwest Negotiated Tax Break
Oct 12 2004 // Nine years ago, private workers’ comp insurer Liberty Northwest struck a deal with legislators that it would pay no taxes on profits in Portland or Multnomah County, according to The Oregonian. Liberty Northwest is...
N.J., PA. SENATORS PROMOTE KIDS ACCOUNTS:
Oct 11 2004 // U.S. Senators Rick Santorum (R-Pa.) and Jon Corzine (D-N.J.) have introduced bipartisan legislation to expand opportunities for young adults, encourage savings, and promote financial literacy by establishing investment...
N.Y.’s Serio Defends States as Federal Oversight Debate Begins
Oct 11 2004 // State insurance commissioners stood their ground last month at hearings in Washington where they opposed an expanded federal role in insurance regulation and withstood a withering attack on their performance from a leading...
Nevada, Oregon and Wyoming take Med-mal Crisis to the Polls
Oct 11 2004 // On Nov. 2, citizens of three Western states will decide whether or not to limit damage awards in medical malpractice insurance cases. Nevada, Oregon and Wyoming will join Florida as the four states to consider placing caps...
WCIRB RECOMMENDS 3.5 PERCENT INCREASE IN RATES:
Oct 11 2004 // At a Department of Insurance rate hearing in San Francisco on Sept. 15, the Workers’ Compensation Insurance Rating Bureau recommended that insurers raise workers’ comp rates by 3.5 percent in January 2005....
CALIF. GOV. VETOES SB 494:
Oct 11 2004 // Continuing to act on his pledge to improve California’s business climate and prevent expensive litigation and abuse by special interest groups, Gov. Arnold Schwarzenegger has vetoed legislation sponsored by personal...
Nonadmitted Markets Open Options for Homeowners
Oct 11 2004 // Myths about the E&S market should not prevent homeowners from securing high-quality coverage. High-quality nonadmitted markets can provide consistent, reliable coverage for high-value and high-risk properties. Even...
Nonadmitted Markets Open Options for Homeowners
Oct 11 2004 // Even before Charley and Frances, insurers were fleeing the homeowners market for high–risk properties at an alarming pace. Over the last several years, large catastrophe and mold losses have caused a number of...
