Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Regulation, Capital, Industry Image Dominate CII Conference
Oct 6 2003 // The industry “needs leaders that will actually lead,” said outgoing president Andy Homer as he closed the 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute...
Under the Gun, NAIC Recommits to Modernization
Oct 6 2003 // In response to congressional pressure to more effectively regulate insurance at the state level or face federalization, the National Association of Insurance Commissioners (NAIC) unanimously passed its revised statement of...
IIAT Queries Commissioner José Montemayor About Reforms
Oct 6 2003 // The Texas Department of Insurance has begun implementing the directives in Senate Bill 14 to bring balance, stability, fair pricing and a dynamic homeowners insurance market to Texas. Its first step toward that goal...
Special Coverage: NAPSLO Annual Convention
Oct 6 2003 // The NAPSLO Annual Convention took place Sept. 10-14 in San Diego at the San Diego Marriott Hotel & Marina. For more Insurance Journal interviews and special video coverage of the NAPSLO Convention, including an...
Calif. Legislature Settles on Workers’ Comp Reform Package
Oct 3 2003 // With the lawmakers facing the most serious pressure in years to do something about California’s broken workers’ comp system, the state legislature earlier last month passed a six-bill armada designed to reign...
Fla. Workers’ Comp Reforms Take Effect Oct. 1
Oct 1 2003 // Florida’s Chief Financial Officer Tom Gallagher announced that many reforms aimed at increasing the availability and affordability of workers’ compensation go into effect Oct. 1. Gallagher also noted that the...
Fla. Insurers Reportedly Should Expect Tough Enforcement of Credit Law
Sep 30 2003 // Insurance companies using credit-based insurance scores to underwrite and rate insurance coverage in Florida should reportedly be aware that the Florida Office of Insurance Regulation (OIR) will be taking a tough stance on...
PIANY Congratulates NYSID on Success of IIES System, More Effort Needed on No-fault Fraud
Sep 30 2003 // The Professional Insurance Agents of New York State Inc., has issued a bulletin congratulating the New York State Insurance Department and the Department of Motor Vehicles on the recent success of the Insurance Information...
Calif. Legislative Session Adjourns With New Privacy Law, Work Comp Reform
Sep 29 2003 // New financial privacy requirements and legislation aimed at cutting workers’ compensation costs are the two most significant public policy measures that impacted the property/casualty insurance industry during the...
Court Rules Against Silverstein WTC Claim, Orders Jury Trial
Sep 29 2003 // John M. Walker, Jr., Chief Judge of the U.S. Court of Appeals for the Second Circuit, has issued a ruling denying Silverstein Properties’ motion for summary judgment in its battle with Swiss Re, Travelers and other...
AIA Finds N.H. Privacy Rule Consistent with GLBA
Sep 29 2003 // The American Insurance Association has issued a bulletin which indicates that New Hampshire’s adoption of Rule INS 3701.01, implementing regulations for safeguarding customer under Gramm-Leach-Bliley Act, is...
Sen. Alarcón Responds to Schwarzenegger’s Comments About WC Reforms
Sep 29 2003 // In an obvious gaffe in the Sept. 24 recall debate, Arnold Schwarzenegger called the recently passed Workers’ Compensation Reforms, “pre-election bogus.” Senator Richard Alarcón (D-Van Nuys) the Senate...
ISO’s New Policywriting Support Forms to Help Insurers Comply with Legal, Regulatory Requirements
Sep 26 2003 // A new service developed by Insurance Services Office, Inc. (ISO) reportedly helps insurers comply with state legal and insurance regulatory requirements. ISO will begin making its new Policywriting Support Forms available...
Uniform National Standards Necessary in FCRA Reauthorization
Sep 25 2003 // The Alliance of American Insurers says the Senate Banking Committee’s efforts to maintain a national standard for consumer protection rather than allowing states to enact conflicting provisions is a positive step...
PIANJ Letter Addresses Concerns on Auto Policy Regulations
Sep 25 2003 // Professional Insurance Association of New Jersey president John D’Agostino, Jr., CIC, has addressed a letter to Douglas A. Wheeler, Assistant Commissioner of Legislative and Regulatory Affairs for the New Jersey...
NAII Wants Clarification of Proposed N.J. Excess Profit Regulation
Sep 25 2003 // The National Association of Independent Insurers announced that it has asked the New Jersey Department of Banking and Insurance to be more specific regarding the methodology contained in a proposed regulation dealing with...
Insurance Company Donations to Calif. Gov. Illegal, Consumer Group Says
Sep 25 2003 // A consumer group is urging the United States Attorney for the Eastern District of California to investigate a series of contributions totaling $175,000 from an insurance company, Mercury General Corporation, to Governor...
Delayed Do Not Fax Rule May Be Scrapped
Sep 22 2003 // Insurance industry trade groups are hopeful that the Federal Communications Commission’s recent decision to stay until Jan. 2005 a controversial rule prohibiting all unsolicited advertisement faxes will give business...
Apprehensions over Regulation, Capital, Industry Image, Dominate CII Conference
Sep 22 2003 // The 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute wound up proceedings in London last Friday on an upbeat note. President Andy Homer told delegates that the industry...
CIGA Looks to Bond Sound Future
Sep 22 2003 // Thanks to the legislature, the California Insurance Guarantee Association (CIGA) will stave off financial ruin by floating bonds next year. Part of the reform package passed by both houses in the Capitol includes...
