Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
PCI SAYS TENNESSEE AUTO PARTS REGULATION WOULD MAKE CONSUMERS ‘DOUBLE LOSERS’:
Jul 19 2004 // According to the Property Casualty Insurers Association of America (PCI), a Tennessee Department of Commerce and Insurance proposal requiring written permission from auto policyholders or third-party claimants to use...
N.Y.’s Vicarious Liability Costly for Consumers and Auto Dealers
Jul 19 2004 // New York’s so-called vicarious liability law affecting car leasing firms costs consumers more than $130 million a year and has led to a 36 percent decline in the number of vehicles leased in New York each year,...
‘Middle Market’ Not Immune to Directors & Officers Worries
Jul 19 2004 // The Enron, Adelphia, Global Crossing and WorldCom corporate governance and fraud scandals of 2001 and 2002 may seem like a distant and terrible memory, but the public received some harsh reminders recently. Former Enron...
N.Y. FAIR PLAN BACK IN BUSINESS:
Jul 19 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,...
Sun, Sand and Deregulation Featured at Louisiana Agents’ Convention
Jul 19 2004 // It may have seemed like the Independent Insurance Agents and Brokers of Louisiana (IIABL) were just out for fun in the sun when they met in Destin, Fla. last month for their 102nd annual convention. In reality, this...
ACIC DISAPPOINTED IN CALIF. SUPREME COURT ACTION:
Jul 19 2004 // The Association of California Insurance Companies (ACIC) expressed disappointment in the decision by the California Supreme Court not to review a key case related to insurance rate regulation in the state. The Court...
PCI Tells NCOIL That Restrictions on Loss History Are Unnecessary
Jul 18 2004 // The Property Casualty Insurers Association of America (PCI) told lawmakers during a panel discussion that efforts to limit insurers’ access to loss history information on properties are unnecessary and harmful to...
Csiszar Calls for Focus on Regulation at 12th Annual Texas P/C Symposium
Jul 16 2004 // Speaking at the12th Annual Mid-Year Property and Casualty Symposium presented by the Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas (AFACT), Ernst Csiszar, president of the National...
NCOIL Task Force Backs TRIA Extension; Market Conduct Model Next on Agenda
Jul 16 2004 // CHICAGO―A National Conference of Insurance Legislators’ (NCOIL) task force unanimously approved a resolution to extend the Terrorism Risk Insurance Act (TRIA) “for a sufficient period of time to permit...
Fla. Gov. Participates in Pensacola Meeting As Part of Discussion on HSA’s
Jul 16 2004 // Gov. Jeb Bush and Floridians for Health Care Choices hosted a town hall meeting on Thursday to provide an opportunity for federal and state healthcare experts to educate employers and employees on the benefits of Health...
WCRI: Fla. Workers’ Comp Medical Payments Per Claim Grow Due to Increasing Costs in Hospital Services
Jul 16 2004 // The average medical payment per workers’ compensation claim in Florida rose significantly in the most recent period studied, in large part due to the increasing costs of hospital services and treatments by physicians...
Industry Ethics Executive to Participate in National Conference of State Legislatures Discussion
Jul 15 2004 // Donald Walters, general counsel and deputy director of the Insurance Marketplace Standards Association (IMSA), will be among the speakers addressing the issue of regulatory reform in the insurance industry at the 2004...
Rhode Island’s Beacon Mutual Pursues Expansion Plan
Jul 14 2004 // Beacon Mutual Insurance Co., Rhode Island’s largest workers’ compensation insurance writer that was formed in 1990 as a state fund, is taking steps to write coverage outside of the state. The Warwick company...
China Planning Earthquake Coverage Program
Jul 14 2004 // China wants to build an insurance system in two to three years to protect against natural catastrophes, which officials estimate cause some $17 million in losses every day. China Daily reported that the Insurance...
Loss-History Data Under Scrutiny in 31 States
Jul 14 2004 // Lawmakers or insurance regulators in 31 states have questioned the practice during the past 18 months, and at least 14 states and the District of Columbia have enacted provisions dealing with use of this information,...
NCOIL to Investigate Corporate Governance Issues
Jul 13 2004 // The National Council of Insurance Legislators announced that a subcommittee will begin investigating the appropriate role of the states regarding insurer corporate governance and accountability issues at the NCOIL summer...
IIABA Testifies on Gramm-Leach-Bliley Act; Says Legislation Reaffirmed State Authority
Jul 13 2004 // The Independent Insurance Agents & Brokers of America (the Big “I”) testified on Tuesday before the Senate Banking Committee that the landmark 1999 Gramm-Leach-Bliley Act (GLBA) has not fundamentally...
Vermont Supreme Court Rules Intentional Sexual Harassment Not Covered Under Liability Policies
Jul 12 2004 // The Vermont Supreme Court on July 9 rejected an effort by two women to collect from insurance companies covering the home and business of a man they said sexually harassed them. Cindy Serecky and Shannon Gioia were...
Del. Lowers Drunk Driving Threshold
Jul 12 2004 // Delaware lawmakers recently agreed to join the rest of the nation by lowering the blood-alcohol threshold for drunken driving. Lawmakers voted to lower the blood-alcohol concentration considered prima facie evidence that a...
NAMIC Responds to Senate Class Action Vote
Jul 12 2004 // After the Senate failed to reach an agreement on so-called non-germane amendments that would have permitted the class action reform legislation, S. 2062, the Class Action Fairness Act, to be considered in the Senate last...
