Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Flood Insurance Program Gets Three-Month Extension
Dec 15 2003 // The major changes Congress has in mind for the National Flood Insurance Program are still on the table, as both the House and Senate voted to extend the program as is for only three months to allow time to hammer out an...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
Industry People Making Moves in 2003
Dec 15 2003 // As you will probably notice from this list, it is not scientific, preferential, etc. We retraced news coverage of this past year and tried to come to an agreement on who made headlines. We likely left off a few...
President Bush Inks Short-term Extension of Flood Insurance Program
Dec 12 2003 // President George W. Bush signed into the law the “National Flood Insurance Program Reauthorization Act of 2004,” to extend the National Flood Insurance Program (NFIP) without any changes, until March 31,...
Alliance Reports Alaska Privacy Regulations Still Troublesome
Dec 12 2003 // The Alaska Division of Insurance’s proposed regulations regarding privacy of consumer financial and health information, while improved from the original proposal, are still not in sync with state law, according to...
Ohio Moves Closer to Asbestos Reform
Dec 12 2003 // The Alliance of American Insurers is encouraging Ohio lawmakers to seize the momentum and act quickly on legislation dealing with tort reform and asbestos litigation reform. The Ohio House on Thursday approved HB 292,...
NAIC Committee Adopts Market Analysis Handbook
Dec 12 2003 // State regulators across the country may soon have a definitive source of guidance on market analysis, as the National Association of Insurance Commissioners’ (NAIC) Market Analysis & Consumer Affairs (D)...
NAII Says N.J. Auto Market Emerging from ’30 Years of Mismanagement’
Dec 11 2003 // The National Association of Independent Insurers has issued a bulletin, which indicates that New Jersey’s auto insurance market, which it described as “once the nation’s poster child for the dangers of...
Pair of State Staffers Earn NAIC’s Highest Individual Award
Dec 9 2003 // The National Association of Insurance Commissioners (NAIC) has presented its most prestigious individual award to Rosanne Mead, Assistant Iowa Insurance Commissioner, and Fred Nepple, General Counsel in the Wisconsin...
Winston to Head NAMIC Federal Affairs
Dec 9 2003 // David Winston has been named vice president of federal affairs for the National Association of Mutual Insurance Companies (NAMIC) and will be located in the association’s Washington, D.C. office. Winston brings more...
AIA, PIANJ, IIANJ Applaud N.J. Senate’s Rejection of “Verbal Threshold” Bill
Dec 8 2003 // Following a hearing, at which numerous industry representatives testified (See IJ Web site Dec.5), the New Jersey Senate on Friday, in a 5 to 1 vote, refused to send S-2533, the “verbal threshold” bill to the...
Alliance Urges NAIC to Move up Regulatory Modernization Efforts
Dec 8 2003 // The Alliance of American Insurers is urging the National Association of Insurance Commissioners (NAIC) to advance their timetable for getting all 50 states to modernize their regulatory processes from the current 2006-2008...
Csiszar Named NAIC President for 2004
Dec 8 2003 // During the Winter National Meeting in Anaheim, members of the National Association of Insurance Commissioners (NAIC) elected regulators from South Carolina, North Dakota and Oregon to serve as the association’s 2004...
New Mo. Law Requires Revocation of Producer Licenses for Unpaid Income Taxes
Dec 5 2003 // Missouri’s House Bill 600 has taken effect, requiring persons with professional licenses to file and pay their state taxes or face license revocation. Affected under the legislation are Missouri Department of...
NAII, Alliance, AIA Unanimous in Opposing N.J. “Verbal Threshold” Bill
Dec 5 2003 // Representatives of the National Association of Independent Insurers, the Alliance of American Insurers and the American Insurance Association voiced unanimous opposition to changes in New Jersey’s “verbal...
S&P Lowers PMA Capital Rating to ‘BB’ Sr. Debt to ‘B’ – Company Responds
Nov 25 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and senior debt ratings on PMA Capital Corp. (PMACA) to ‘B’ from ‘BB-.’ It also said it has...
NCCI Holdings Selects Documentation Enterprise Content
Nov 20 2003 // Documentum, a provider of enterprise content management (ECM), announced that Florida-based NCCI Holdings, Inc., has selected Documentum 5, the latest version of the company’s ECM platform. Documentum 5 will be used...
Fla. Insurers Work With OIR to Develop Credit Regulations
Nov 19 2003 // Representatives of the insurance industry in Florida met last week with the Office of Insurance Regulation (OIR) to try and reach a compromise a draft proposed regulation dealing with the use of insurance scoring in...
State Regulator, Former Congressman Caution Insurers on Federal Regulatory Intervention
Nov 19 2003 // A leading state regulator and a former U.S. Representative warned insurers that expanding congressional oversight of the industry may worsen rather than improve the regulatory system. Ernst Csiszar, South Carolina...
Targeting Speed-to-Market Reform
Nov 17 2003 // No one can argue that the insurance industry has been beleaguered with inefficiencies. Carriers battle with changing regulations and market conditions nationwide, while agents and brokers struggle with shifting...
