Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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 insurers to...
Dusk Delayed as House Takes First Step Toward Extending TRIA’s Sunset
Oct 11 2004 // Regardless of whether George W. Bush is re-elected or John Kerry moves into the White House, the property/casualty insurance industry appears to have a good chance of getting its wishes when it comes to extending the...
Remember the Lessons of Hurricane Andrew
Oct 11 2004 // Due to efforts to rebuild the Florida property insurance market after Hurricane Andrew, most policyholders in the wake of 2004s more costly hurricane season should not face the same post-Andrew price increases or limited...
Pa. Judge Rules Public Has Right to Know Details of Medical Malpractice Settlement
Oct 8 2004 // Bucking tradition, a Lackawanna County, Pa. judge has ruled against a doctor who sought to keep the details of a medical malpractice settlement under wraps, saying that taxpayers have a right to know because they are...
Auto Data Network to Train AXA Brokers on FSA Regs
Oct 6 2004 // Auto Data Network Inc., a provider of software and real-time data to the automotive industry, announced that its U.K. subsidiary, IFAct Group Limited, has been awarded a contract by AXA to provide training and help develop...
Md. Docs Postpone Surgery Slowdown
Oct 6 2004 // Four Washington County, Maryland doctors have agreed to an indefinite delay of their plan to halt non-emergency surgery to protest a 33 percent increase in medical malpractice insurance premiums. After a meeting with Gov....
Congress Debates Reforms to Nuclear WC Program
Oct 6 2004 // Congressional lawmakers agree a program to compensate sick nuclear weapons workers is broken, but how to fix it is the subject of debate on Capitol Hill. The program is for tens of thousands of people nationwide who helped...
La. WCAC to Begin Drafting 2005 Legislation
Oct 5 2004 // The Louisiana Workers’ Compensation Advisory Council plans to meet on Oct. 7, 2004, to begin drafting legislation for the 2005 Legislative Session. The meeting will begin 9 a.m. at the Louisiana Association of...
Big ‘I’ Applauds Countersignature Trends
Oct 5 2004 // The Independent Insurance Agents & Brokers of America (The Big “I”) is applauding continuing efforts by state policymakers and federal courts to eliminate countersignature laws. The Big “I” has...
U.K. Insurance and Financial Services Conference Focused on Industry Image
Oct 4 2004 // The U.K.’s annual Insurance and Financial Services Conference, sponsored by the Chartered Insurance Institute (CII) and the Chartered Institute of Loss Adjusters (CILA), got underway Wednesday, Sept. 29. The...
Judge Halts Implementation of TWCC’s Alternate Medical Necessity Dispute Review Rule
Oct 4 2004 // The Texas Workers’ Compensation Commission (TWCC) reported that a Travis County District Judge has granted a temporary restraining order to prevent TWCC from implementing or enforcing new Commission Rule 133.309...
N.J. Maintains Top Auto Insurance Premium Figures Reflect Years of ‘Suffering’ Before 2003 Reforms
Oct 1 2004 // New Jersey Banking and Insurance Commissioner Holly C. Bakke wasted little time in putting the latest numbers showing the state with the highest average auto insurance premium — $1,113 — in perspective. Those numbers...
PIA Survey Shows Strong Support for State Regulation
Oct 1 2004 // Members of the National Association of Professional Insurance Agents (PIA) strongly support state regulation of insurance and strongly oppose any effort to move to a federal regulatory system. The results of a survey of...
Insurers Applaud House Committee Passage of TRIA Extension Act
Sep 30 2004 // Both the Property Casualty Insurers Association of America (PCI) and the National Association of Mutual Insurance Companies (NAMIC) praised the House Financial Services Committee’s passage of H.R. 4634, the Terrorism...
Fla. Insurers Often Waive Multiple Deductibles
Sep 29 2004 // Many insurance companies are waiving additional deductibles for people who’ve suffered losses from more than one hurricane. Hurricane Jeanne’s path poses the grim prospect of triple insurance deductibles for...
Big ‘I’ Praises Approval of Terrorism Insurance Backstop Bill by Financial Services Committee
Sep 29 2004 // The Independent Insurance Agents & Brokers of America (the Big “I”) is hailing House Financial Services Committee passage of H.R. 4634, the Terrorism Risk Insurance Backstop Extension Act. The Association...
Mich. Insurer Group Taps Former Auto Industry Lobbyist as New Executive Director
Sep 28 2004 // The Lansing, Mich.-based Insurance Institute of Michigan has named a former lobbyist for the auto industry as its new executive director. Peter Kuhnmuench will start Oct. 11, 2004 and previously served as legislative...
NAIC Adopts Amendments to Medicare Model Law
Sep 27 2004 // The National Association of Insurance Commissioners (NAIC) has adopted amendments to its Model Regulation to Implement the NAIC Medicare Supplement Insurance Minimum Standards Model Act to make it compliant with the...
CIAB Urges TRIA Extension, Passage of Regulatory ‘Roadmap’ at Testimony
Sep 24 2004 // The Council of Insurance agents & Brokers has told Congress that it “should move to extend the federal terrorism backstop beyond its Dec. 31, 2005, expiration date because the private marketplace is not prepared...
AIA Insurers Call State Regulation a ‘Trifecta’ of Failure, State Their Case for Federal Role
Sep 23 2004 // A representative of the American Insurance Association (AIA) testified before the Senate Banking Committee, alleging that “the outdated, dysfunctional nature” of state insurance regulation does not allow the...
