Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Mass. Gov. Vows Action on Auto:
Apr 19 2004 // Gov. Mitt Romney vowed to introduce a plan to introduce competitive rating and modify the subsidies good drivers now pay in the Massachusetts auto system. Romney said his plan would include changes to the residual market...
Agents Will Blossom in Washington
Apr 19 2004 // They will descend on Washington, D.C. from all corners of the country. No, not John Kerry’s supporters or those looking to oust the current President, but independent insurance agents, who will gather for the the...
FLORIDA CFO PROMOTES LEGISLATION TO PREVENT ID THEFT:
Apr 19 2004 // Florida Chief Financial Officer Tom Gallagher recently unveiled a proposal to require financial institutions, brokerages, insurance companies and agencies to use greater care when they dispose of consumer records...
NORTH CAROLINA SENATE CANDIDATE SIGNS PLEDGE BACKING MEDICAL LIABILITY REFORM:
Apr 19 2004 // The North Carolina Chapter of Doctors for Medical Liability Reform announced that Congressman Richard Burr, currently running for U.S. Senate, has signed their pledge supporting federal legislation that would limit...
Fla. Announces Legislation to Halt Abusive Sales Practices for Annuities
Apr 19 2004 // Florida’s Chief Financial Officer Tom Gallagher announced that he is pursuing a bill to prevent abusive sales practices of annuities sold to seniors. Ellen Daniels from Tampa agrees something needs to be done....
IIAT Group Goes to Washington
Apr 19 2004 // Twenty-one delegates from the Independent Insurance Agents of Texas, including all IIAT officers, are scheduled to attend the Independent Insurance Agents & Brokers of America’s (IIABA) National Legislative...
COLORADO SENATE PASSES NCOIL INSURANCE SCORING LEGISLATION:
Apr 19 2004 // The Colorado Senate passed legislation, SB 216, that follows the National Conference of Insurance Legislators (NCOIL) credit-based insurance scoring model act. “This legislation provides lawmakers a positive...
HAWAII NOT TO PURSUE STUDY ON AUTO REPAIR SHOP OWNERSHIP RESTRICTIONS:
Apr 19 2004 // A resolution that calls for a study of the need to prohibit insurance companies from owning auto repair facilities was deferred indefinitely following a hearing on the issue in Honolulu recently. Senate Concurrent...
Court Decision Threatens Stability in California’s Insurance Market
Apr 19 2004 // If after 16 years of off-and-on court cases, attempting to interpret the ambiguous and contradictory language of Proposition 103 isn’t enough, this month, another interpretation came down from the Second District...
Calif. Commissioner Calls for Workers’ Comp Reform Savings to be Passed Through to Employers
Apr 16 2004 // California Insurance Commissioner John Garamendi released the following statement in regards to the recent agreement by Gov. Arnold Schwarzenegger and the Legislature for a workers’ compensation reform...
AIA Says No to Calif. Rate Regulation
Apr 16 2004 // The American Insurance Association (AIA) on Thursday issued a statement in response to the introduction of ABX4 16. This measure would reportedly impose a new rate regulation scheme on workers’ compensation carriers...
Fla. Taxwatch Backs Gallagher, Legislative Push to Increase Availability of Homeowners Insurance
Apr 16 2004 // Florida TaxWatch President & CEO Dominic Calabro said today that he supports Chief Financial Officer Tom Gallagher and state lawmakers in their efforts to increase the availability of homeowners insurance through...
Workers’ Comp Reform Legislation Will Bring Stability and Fairness into System, Says AIA
Apr 16 2004 // The American Insurance Association (AIA) today issued a statement in response to the California State Legislature’s approval of SB 899 Poochigian (D-Fresno). According to Nicole Mahrt, director of Public Affairs for...
Mandated Medical Coverage Bill Defeated in Colorado
Apr 16 2004 // Legislation that could have significantly increased automobile insurance premiums by forcing consumers to buy $35,000 in medical payments coverage was defeated in the Colorado House. “This legislation (HB 1287) could...
Lawmakers See Possible Vote April 16 on Workers’ Compensation Plan
Apr 15 2004 // Gov. Arnold Schwarzenegger blamed attorneys for the “two or three sticking points” that loom over negotiations on a workers’ compensation insurance reform bill. “Every time we get language, the...
Loss Reserve Adequacy, Fair Value Accounting Among Topics at CAS Spring Meeting
Apr 15 2004 // The truth about loss reserve adequacy, from the perspective of a regulator, an investor and an attorney, and the rationale behind the implementation of fair value accounting standards will be among the topics featured at...
Sen. Sununu Updates N.H. Agents on Congress
Apr 14 2004 // U.S. Senator John Sununu (R-N.H.) told independent agents that while prospects for asbestos reform are not bright, there is a good chance class action reform may emerge from this Congress. He also said that Rep. Mike...
Ohio Governor Signs Med-Mal Stabilization Bill
Apr 13 2004 // Calling the ongoing escalation in medical malpractice insurance rates “a threat to doctors and their patients,” Ohio Governor Bob Taft on Monday signed House Bill 282 authorizing establishment of a new Medical...
Changes In Federal Crop Insurance Regulations Affect Montana Farmers
Apr 9 2004 // Changes in federal crop insurance regulations will prevent farmers in the region from collecting two full losses for crops planted on the same ground in a single crop year, a federal agriculture official said. The changes...
Colorado Bill Would Require Drivers to Buy More Insurance Coverage
Apr 8 2004 // Drivers might have to buy more insurance coverage under a bill given initial approval by members of the House on April 6. Lawmakers backed a change in the law that would say coverage for uninsured or underinsured motorists...
