Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
Insurers Question NAIC Budget Reserves
Nov 17 2003 // Insurance industry representatives are unhappy with a budget proposed by the National Association of Insurance Commissioners, the quasi-governmental body that collects insurers’ annual financial statements and...
PICKENS PROMOTES NAIC PLAN:
Nov 17 2003 // Arkansas Insurance Commissioner Mike Pickens told members of the House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises that regulating insurance is a function of the states, a system that...
Do Not Call Legislation: Are You in Compliance’
Nov 17 2003 // In this ever-changing world of privacy regulation and legislation, many in the insurance industry are left wondering, ‘Where do I fit in?’ There are a number of insurance agencies that use telemarketing to...
Insurers Question NAIC Budget Reserves
Nov 17 2003 // Insurance industry representatives are once again unhappy with a proposed budget of the National Association of Insurance Commissioners (NAIC), the quasi-governmental body that collects insurers’ annual financial...
Fla. Advises Construction Industry: Apply for New Workers’ Comp Exemptions by Nov. 30
Nov 13 2003 // Florida’s Chief Financial Officer Tom Gallagher has urged current workers’ compensation exemption-holders in the construction industry to take the necessary steps to file for a new exemption by Nov. 30. All...
Alliance Comments on Proposed Changes to Fla. Holding Company Regulations
Nov 13 2003 // The Alliance of American Insurers (AAI) has filed formal comments in regards to a proposed rule by Florida insurance regulators that would reportedly change regulations regarding insurance holding companies in that...
Moody’s: Wildfires Will Hurt Insurers’ Bottom Line
Nov 12 2003 // Moody’s Investors Service said in a statement that it does not expect its ratings or outlook on the U.S. personal lines insurance sector as a whole to be impacted solely by the recent spate of California...
NAII: Merged Trade Assn. Would Provide Unity, Stronger Industry Voice
Nov 11 2003 // A merger between the Alliance of American Insurers and the National Association of Independent Insurers (NAII) would instantly vault the new organization into a commanding position in the industry, NAII President and CEO...
Agents Tout Pragmatic Reforms During House Hearing
Nov 7 2003 // Former Independent Insurance Agents & Brokers of America (IIABA) President Tom Ahart and Ronnie Tubertini, chairman of IIABA’s Government Affairs Committee, on Thursday provided their perspectives on the current...
Alliance Urges Congress to Settle Differences on FCRA Before it Expires
Nov 7 2003 // Following the Senate’s 95‑2 approval of S 1753, the Alliance of American Insurers urged quick action to resolve differences between the House and Senate versions of the Fair Credit Reporting Act (FCRA)...
