Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Is Market Conduct Reform Finally on the Horizon’
Jul 5 2004 // As baseball immortal Yogi Berra is often fond of saying, “It ain’t over until it’s over.” This particular “Yogi-ism” somehow seems apropos when one considers recent discussions among the...
Legislative Summertime
Jul 5 2004 // Oklahoma and Louisiana lawmakers wrapped up their regular legislative sessions in June, with legislators in each state dealing with insurance issues in distinctive ways. As Tiffany O’Shea, Public Affairs director,...
Louisiana Legislature Ends Regular Session With More Reforms
Jul 5 2004 // The Louisiana Legislature wrapped up its regular session for 2004 on June 21. During the 2004 session, Louisiana lawmakers continued their reform of the insurance regulatory environment, aiming to bring additional insurers...
Calif. Lawmakers Continue to Debate Merits of Workers’ Comp Rate Regulation
Jul 5 2004 // Despite reductions in workers’ comp insurance premiums, California lawmakers will continue to debate the merits of rate regulation. A rate regulation bill, ABX4 No. 16, after passage in the Assembly on a party-line...
Passing in the Slow Lane
Jul 5 2004 // A number of years ago, very good friends of mine rallied their neighbors in an effort to improve their elementary school. With two young children of their own, they had a vested interest in a better school. But they and...
Mass. Seeks to Shake Image as Regulatory Outcast
Jul 5 2004 // Massachusetts officials, moving deliberately to change the image of the state as a regulatory nightmare for insurance companies and to re-make its systems to look more like those found elsewhere, are making progress even...
PCI Stresses Importance of Postal Service Reform
Jul 2 2004 // The Property Casualty Insurers Association of America is one of a number of organizations who have formed a coalition calling for reforms to the U.S. Postal Service. In a recent bulletin the PCI noted: “Currently the...
Agent Groups Express Appreciation as President Signs Flood Insurance Extension Bill
Jul 1 2004 // The Independent Insurance Agents & Brokers of America (the Big “I”) and the National Association of Professional Insurance Agents both hailed President Bush’s signature of the Flood Insurance Reform...
PCI Hears Rep. Baker Describe SOX Regulatory Reform
Jul 1 2004 // Rep. Richard Baker (R-La.), chair of the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises told members of the Property Casualty Insurers Association of America that the so-called Oxley-Baker...
N.Y. Agents Hail Reactivation of Fair Plan Finally
Jun 30 2004 // After nearly nine weeks of being suspended, operations at the New York property insurance residual market are back. The suspension of the New York Property Insurance Underwriting Association, also known as the Fair Plan,...
PCI: Reform Needed to Prevent Future Workers’ Comp Problems in Kentucky
Jun 30 2004 // The Property Casualty Insurers Association of America (PCI) is calling on Kentucky lawmakers to make changes to the workers’ compensation program in the Commonwealth in order to prevent future financial collapses...
Anti-Fax Law Exemption Bill Passes House Committee
Jun 29 2004 // Federal legislation that would exempt existing business relationships from anti-fax laws, including existing agent-client relationships, has advanced in the House and has been introduced in the Senate said the Independent...
Fla. CFO Applauds Gov. Bush, Lawmakers for Enacting Consumer Friendly Legislation Effective July 1
Jun 29 2004 // Florida’s Chief Financial Officer Tom Gallagher commended state policymakers this week for passing important legislation during the 2004 Session aimed at helping insurance consumers. After hearing from thousands of...
ACIC Disappointed in Calif. Supreme Court Action
Jun 29 2004 // The Association of California Insurance Companies (ACIC) expressed disappointment in the June 28 decision by the California Supreme Court not to review a key case related to insurance rate regulation in the state. The...
R.I. Lawmakers Recess After Approving Lead Paint Delay and New Health Insurance Post
Jun 28 2004 // The Rhode Island General Assembly went into recess early Saturday, June 26, after approving dozens of bills that included health insurance reforms, a delay in lead paint mandates for landlords and development of a new...
Workers’ Comp Rates Decline; Rate Regulation Still an Issue for Lawmakers
Jun 28 2004 // Despite reductions in workers’ comp insurance premiums, California lawmakers will continue to debate the merits of rate regulation. After years of double-digit rate increases, many companies have filed with the...
N.J. Commissioner: Auto Insurance Market Recovering; Drivers Reap Benefits
Jun 28 2004 // New Jersey Banking and Insurance Commissioner Holly Bakke predicted recently that positive financial results for a majority of companies in the auto insurance marketplace will continue to produce returns for New Jersey...
Wyoming Committees Work on Special Session Bills
Jun 25 2004 // More than 30 bills have been drawn up for consideration in July’s special session on medical malpractice insurance. State House Speaker Fred Parady, R-Rock Springs, said he expects more to come, although many bills...
PCI Supports Regulators’ Decision to Further Address Sarbanes-Oxley Concerns
Jun 24 2004 // At its summer meeting, the National Association of Insurance Commissioners (NAIC) agreed to reconsider proposed amendments to its Model Audit Rule. At a public hearing on June 14, the NAIC/AICPA Working Group decided to...
Keenan Appoints Bonner to New Advisory Board
Jun 24 2004 // Torrance, Calif.-based Keenan, one of the largest privately held brokerage firms in the state, announced the appointment of Dale E. Bonner, Esq. to its Advisory Board of thought leaders to bolster its strategy and provide...
