Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Mass. Gov. Romney Vows Action on Auto Market
Apr 6 2004 // Massachusetts Governor Mitt Romney renewed his call for reform of the state’s auto insurance system yesterday and vowed to introduce a plan to introduce competitive rating and modify the subsidies good drivers now...
Colorado Senate Passes NCOIL Scoring Legislation
Apr 6 2004 // The Colorado Senate passed legislation (SB 216) on April 5 that follows the National Conference of Insurance Legislators (NCOIL) credit-based insurance scoring model act. “This legislation provides lawmakers a...
Farmers Appoints Galitski to Director of Government Affairs Post for Texas
Apr 6 2004 // Veteran Texas business and insurance lobbyist Frank V. Galitski, of Austin, has been appointed director of Government Affairs for Farmers Insurance Co. Farmers said the appointment is effective March 31, 2004. Galitski...
Trusted Choices
Apr 5 2004 // To regulate more or less? That was the question posed to the public by the people at the Harris Poll. Health insurance, managed care, pharmaceuticals and the oil industry top the list of industries the public feels need...
Up for Sale: Success in Today’s Homeowners Market
Apr 5 2004 // States show signs of stability, but problem areas remain Despite continuing availability issues and sky-high loss ratios, the U.S. homeowners market is stabilizing as a whole. Of course, most industry observers who make...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // One of the most contentious issues surrounding homeowners insurance this year is insurer use of prior loss history databases. Although spurned in the press as the “new database used to cancel policies” or the...
Florida OIR Charges Ahead with Credit Score Workshop
Apr 5 2004 // Give the Florida Office of Insurance Regulation (OIR) credit, it has been a good listener when it comes to questions and concerns on the role of credit scoring. During a rule development workshop last month in Tallahassee,...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes. One of the most contentious issues surrounding...
AIA OPPOSES LEGISLATION TO BAN USE OF CREDIT-BASED INSURANCE SCORES IN COLO.:
Apr 5 2004 // A proposal to ban use of credit-based insurance scores (HB 1292) would do severe harm to, and cause unintended consequences for, Colorado consumers, according to the American Insurance Association (AIA). “Removing...
MONTANA RECIEVES NAIC ACCREDITATION AWARD:
Apr 5 2004 // The insurance regulatory organization from Montana received Accreditation awards under the National Association of Insurance Commissioners’ (NAIC) Financial Regulation Standards and Accreditation Program. The honor...
Agents Lobby to Renew, Reform National Flood Program
Apr 5 2004 // Members of the Independent Agents and Brokers of America (IIABA) testified before a Senate committee to make a case for renewal and reform of the National Flood Insurance Program (NFIP). Bill Stiglitz, an agent with...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes. One of the most contentious issues surrounding...
Safeco Settles Suit, May Face $3 million in Claims
Apr 2 2004 // Safeco auto insurance customers who were injured by uninsured or underinsured motorists or who filed medical claims during the last eight years may be able to collect additional compensation under a court settlement...
CDI Sets Hearing Date In Anticipation of Additional Workers’ Comp Reform
Apr 2 2004 // On April 1, 2004, in anticipation of enactment of workers’ compensation reform legislation in the near future, the California insurance commissioner issued a Notice of Proposed Action and Notice of Public Hearing,...
PCI Supports Oxley/Baker Proposals
Apr 1 2004 // The CIAB’s call for adoption of insurance reforms at the federal level (see previous article) was also endorsed by the Property Casualty Insurers Association of America. Testifying before the Capital Markets...
Former CIAB Head Supports Federal Reforms
Apr 1 2004 // Albert R. Counselman, a past chairman of the Council of Insurance Agents & Brokers, told a House subcommittee that Congress needs to take action to remove the burden of multiple state regulatory requirements on...
National Flood Program Renewal Targets Repeat Victims
Apr 1 2004 // Insurance premiums would be raised for homeowners in flood-prone areas who refuse to relocate or floodproof their homes under legislation that advanced toward a Senate vote this week. The bill, which has cleared the Senate...
Fla. CFO Joins Legislative Leaders to Push for Consumers’ Bill of Rights
Apr 1 2004 // A South Florida family reportedly lost their homeowners insurance after their mortgage company failed to pay premiums from escrow. Another Floridian from Tampa was denied insurance coverage on a home he was purchasing...
Insurance Scoring Legislation Sent to Iowa Governor
Apr 1 2004 // Iowa is the first state this year to pass credit-based insurance scoring legislation based on the National Conference of Insurance Legislators’ (NCOIL) model act. The governor is expected to sign the legislation, the...
Former Mass. Official D’Amato Heads Consumer Group
Mar 31 2004 // A former director of the State Rating Bureau (SRB) within the Massachusetts Division of Insurance and frequent critic of the industry and its regulators has signed on to be executive director at the Center for Insurance...
