Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
One Year After Sarbanes-Oxley, a Fresh Look at D&O Underwriting
Aug 18 2003 // The anniversary of the Sarbanes-Oxley Act of 2002 (SOX) has opened the door of dialogue to the benefits of sustainable, effective corporate governance. The Securities and Exchange Commission’s (SEC) shift in focus...
One Year After Sarbanes-Oxley, a Fresh Look at D&O Underwriting
Aug 18 2003 // The anniversary of the Sarbanes-Oxley Act of 2002 (SOX) has opened the door of dialogue to the benefits of sustainable, effective corporate governance. The Securities and Exchange Commission’s (SEC’s) shift in...
Alliance Sees Class Action Reform as Top Priority When Congress Returns Next Month
Aug 15 2003 // In anticipation of an early vote on class action reform legislation when Congress returns in September, the Alliance of American Insurers is urging its member companies to contact Senators in support of S 274, the Class...
Fed. Judge Defers Decision Until Aug. 25 on Injunction Sought by Intellectual Property Suit
Aug 15 2003 // A federal judge on Thursday deferred until Aug. 25 a decision on whether to issue an injunction against San Diego-based Arrowhead General Insurance Agency Inc.’s use of certain computer software. The deferral of...
Alliance Says Fla. Med-Mal Legislation is a Mixed Bag
Aug 14 2003 // Legislation passed on Wednesday by the Florida legislature is far from perfect and may not generate the benefits that the medical community, consumers and insurers had hoped for, according to the Alliance of American...
NAMIC Denounces Insurance Regulation by the Courts
Aug 13 2003 // Confidence in the reliability of the law is shattered whenever a court pre-empts the authority of state insurance regulators, according to a new public policy paper released by the National Association of Mutual Insurance...
NCOIL Stacked With Insurance Insiders, Says Consumer Group
Aug 13 2003 // The Consumer Federation of America (CFA) released a study which reportedly found that at least 40 percent of the leadership of the National Conference of Insurance Legislators (NCOIL), an organization that offers model...
IBC Cautions PEI Auto insurance Reforms Must Limit Regulation to Control Costs
Aug 13 2003 // The Insurance Bureau of Canada gave cautious approval to measures proposed by the government of Prince Edward Island (PEI) to address rising auto insurance claims costs, calling them a “positive step...
Fla. Lawmakers Find Common Ground in Med-Mal Debate
Aug 11 2003 // Florida Governor Jeb Bush, Senate President Jim King, and House Speaker Johnnie Byrd announced that state legislators have reached an agreement on key elements of medical malpractice reform. The governor said the agreement...
Work Comp, Privacy Most Prominent Issues in Calif. Legislature
Aug 11 2003 // Several bills of interest to the California property/casualty insurance industry – including proposals to reform the workers’ compensation system and address privacy issues – are pending on the Senate and...
Mercury to Travel N.J.’s Roads to Auto Competition
Aug 8 2003 // Thursday’s announcement by Governor James McGreevey that Mercury General will begin selling automobile insurance in the Garden State confirms that the strong and positive message sent by the recent passage of the New...
Iowa Pols Sue Guv For Veto of WC & Tort Reforms
Aug 7 2003 // Iowa Gov. Tom Vilsack’s line item veto of legislation that supporters say would have improved the state’s business climate is being challenged in court. Republican legislators filed a lawsuit late last week...
CNA Financial Reports Q2 Net Income of $70M; Reductions in Workforce to Occur
Aug 7 2003 // CNA Financial Corporation reported net income for the second quarter of 2003 of $70 million, or $0.25 per share, as compared with net income of $31 million, or $0.14 per share, for the same period in 2002. Net income for...
Judge Denies SCIF’s Request for Preliminary Injunction
Aug 6 2003 // San Francisco Superior Court Judge James Warren denied a request for a preliminary injunction against California Insurance Commissioner John Garamendi by the State Compensation Insurance Fund Aug. 5. The injunction would...
Trade Groups Report Support of NCOIL’s Efforts to Adopt Market Conduct Model Law
Aug 5 2003 // The country’s major property-casualty trade associations announced their support for efforts by the National Conference of Insurance Legislators (NCOIL) to develop a model state law on market conduct reform. The...
Med-Mal Special Session Canceled in Florida
Aug 5 2003 // A special legislative session on medical malpractice reform that was supposed to begin Aug. 5 in Florida has been canceled by Gov. Jeb Bush due to lack of agreement among lawmakers on key issues. In canceling the special...
Judge Denies SCIF’s Request for Preliminary Injunction
Aug 5 2003 // San Francisco Superior Court Judge James Warren denied a request for a preliminary injunction against California Insurance Commissioner John Garamendi by the State Compensation Insurance Fund Aug. 5. The injunction would...
Ohio DOI to Check Insurers on Scoring
Aug 4 2003 // The Ohio Department of Insurance will conduct a review of Ohio insurance companies to inquire about the industry’s current use of credit scoring and how companies are moving toward complying with a new regulation...
NAII OPPOSES BILL TO ESTABLISH FED-ERAL
Aug 4 2003 // A proposal by Senate Commerce Committee Chairman Fritz Hollings (D-S.C.) to repeal the McCarran-Ferguson antitrust exemption and create a new Federal Insurance Commission within the Commerce Department was strongly...
FLA. GOV. SIGNS WORKERS’ COMP BILL
Aug 4 2003 // The signing into law of important workers’ compensation reform legislation by Florida Gov. Jeb Bush will go a long way toward limiting the cost of insuring workers in the state against injury and will boost the...
