Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
S&P Announces Lower Ratings on PMA Capital
Feb 2 2004 // Standard & Poor’s Ratings Services made several announcements concerning PMA Capital Corp.’s (PMACA) credit ratings. It has lowered its counterparty credit rating on PMACA to “CC” from...
Auto Insurance, Workers’ Comp Emerge Again as Top Leading Legal Issue Trends
Jan 30 2004 // Workers’ compensation and automobile insurance laws accounted for nearly 40 percent of the new property/casualty-related statutes enacted by state legislatures last year, according to the fifth annual analysis of...
Sen. Nickles to Address IIABA Insiders’ Luncheon
Jan 30 2004 // Sen. Don Nickles (R-Okla.), who is spearheading the fight for common-sense asbestos litigation reform in the Senate, will speak to national leaders of the Independent Insurance Agents & Brokers of America (IIABA)...
Regulatory Reform Summit Set for Washington, D.C. Feb. 10-11
Jan 30 2004 // Leading figures in financial services will convene for a one-time Regulatory Reform Summit at the Ronald Reagan Building and International Trade Center in Washington, D.C. on Feb. 10-11. Participants can take part in...
S.C. Homeowners Rate Modernization Bill Clears First Hurdle
Jan 29 2004 // The South Carolina Senate Banking and Insurance Committee on Wednesday approved a flex rating bill supported by the American Insurance Association that would reportedly eliminate prior approval for homeowners insurance...
NYSID Reports Record Fraud Fighting Year
Jan 27 2004 // The New York State Insurance Department’s Frauds Bureau 2003 Annual Report details some significant achievements made over the past year to combat insurance fraud. The Bureau racked up a record number of fraud...
West Virginia Operating With Tort Reform Concerns
Jan 26 2004 // Like many other parts of the country, West Virginia is looking to answers to improve tort reform in the state. Recently, Insurance Journal Southeast spoke with Randy Cox, American Insurance Association West Virginia...
Tennessee’s P/C Market Mirrors Challenges Other States Face
Jan 26 2004 // Paula Flowers, the commissioner of Tennessee’s Department of Commerce and Insurance, recently set aside some time to talk with Insurance Journal Southeast regarding some of the industry issues impacting the Volunteer...
Michigan Needs to Open Up Insurance Scoring Process
Jan 26 2004 // An ever increasing number of insurance companies are using your personal credit information—like billing history, the number of credit cards you have, and even the number of credit checks made by businesses offering you...
Members Approve Trade Association Merger; New Group Known as PCI
Jan 26 2004 // Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as Property Casualty Insurers...
FRAUD TARGETED IN TEXAS:
Jan 26 2004 // With the creation of the Texas Committee on Insurance Fraud, the Texas insurance industry, state and county agencies, and national organizations are engaging for the first time in a coordinated effort to battle insurance...
Members Approve Association Merger; New Group Opens Doors as PCI
Jan 26 2004 // Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as the Property Casualty Insurers...
LOWER THE TIDE OF BILE SAYS JUDGE:
Jan 26 2004 // U.S. District Judge Michael B. Mukasey has had enough of the sniping between the insurers led by Swiss Re and Silverstein Properties over the recovery for the destruction of the WTC’s Twin Towers. He recently told...
Mission Possible: Bringing Insurers Back to Louisiana
Jan 26 2004 // If the Professional Insurance Agents of Louisiana, the Independent Insurance Agents and Brokers of Louisiana (IIABL) and Louisiana’s insurance commissioner have their way, the state will soon be flooded with insurers...
IIABA Outlines Legislative Agenda for 2004
Jan 26 2004 // With the start of the New Year and the beginning of a new session of Congress only a few weeks away, the Independent Insurance Agents and Brokers of America (IIABA) is rolling out its legislative agenda for 2004. Top...
IIABA Notes Legislative Agenda for New Year
Jan 26 2004 // With the start of the New Year and the beginning of a new session of Congress only a few weeks away, the Independent Insurance Agents and Brokers of America (IIABA) is rolling out its legislative agenda for 2004. Top...
NAIC’s Ario Says Producer Licensing Reform, Credit Scoring are Top Priority
Jan 26 2004 // Insurance Journal had a chance to sit down with newly-elected Secretary-Treasurer Joel Ario, Administrator of the Oregon Department of Insurance, at the National Association of Insurance Commissioners’ Winter Meeting...
Status of Agent vs. Brokers in California
Jan 26 2004 // The distinction between an agent and broker has had increased significance in California following Proposition 103 as brokers may charge broker fees and agents may not. Producers rely heavily on broker fee income due to...
Fla. Workers’ Comp Market In Need of Time to Recuperate
Jan 21 2004 // Although the Florida workers’ compensation market is still under stress, and the Florida Workers’ Compensation Joint Underwriting Association (FWCJUA) prepares to post hefty deficits, observers are confident...
IIABA Reports It’s Time for Regulatory Reform
Jan 21 2004 // Independent Insurance Agents & Brokers of America (IIABA) CEO Robert Rusbuldt released a statement on Tuesday on recent developments in the debate over state insurance oversight: “IIABA does not dispute that the...
