Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
NAMIC Targets Corporate Governance, Market Conduct, Securities Ratings, and Credit Scoring at NAIC Meeting
Sep 8 2004 // The National Association of Mutual Insurance Companies (NAMIC) will advocate its positions on corporate governance, market conduct, securities ratings, and credit scoring during the National Association of Insurance...
Delaware’s Race for Insurance Commissioner Pits Advocate Denn Vs. Conciliator Ennis
Sep 7 2004 // Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic counsel to the current governor who vows to “stand up for Delawareans” and a Republican veteran...
PCI: Current Market Conduct Model Falls Short of Reform Goal
Sep 7 2004 // True reform of the current market conduct examination process will not be achieved by amendments suggested by regulators and adopted by the National Conference of Insurance Legislators (NCOIL) to its own Market Conduct...
The Race For Delaware Insurance Commissioner: The Advocate Vs. The Conciliator
Sep 7 2004 // INSURANCE JOURNAL PUTS CANDIDATES DENN AND ENNIS ON THE RECORD, ON THE ISSUES September 7, 2004–Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic...
Leave-No-State-Regulation-Behind
Sep 6 2004 // Lobbyists for the American Insurance Association recently made their case for federal over state regulation of insurance before the House Committee on Financial Services by presenting a list that included the...
On the Record: The Race for Delaware’s Insurance Commissioner
Sep 6 2004 // Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic counsel to the current governor who vows to “stand up for Delawareans” and a Republican veteran...
Charley Causes a Path of Destruction in Florida, Carolinas
Sep 6 2004 // Lessons from Andrew Taught Industry to “Be Prepared” Lessons learned from the most costly natural disaster in U.S. history more than prepared the insurance industry for the destruction left by Hurricane...
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...
