Latest Legislation Headlines

All the headlines from our Legislation Topic Page, ordered by recency.

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...

Insurers Urge 11th Circuit to Overturn Fla. Ruling

Aug 4 2003 // The four national property/casualty insurance industry trade associations filed an amicus brief recently with the 11th Circuit Court of Appeals opposing the use of a national class action to resolve insurance rate...

20 States Have Enacted Tort Reforms This Year

Aug 4 2003 // This year has been the busiest for enactment of state civil justice reform legislation since 1995, according to the American Tort Reform Association (ATRA). At mid-year, 20 states already have enacted laws; 19 laws were...

Calif. WCIRB Makes 2004 Regulatory Filing

Jul 31 2003 // The California Workers’ Compensation Insurance Rating Bureau (WCIRB) submitted its annual regulatory filing to the California Insurance Commissioner July 30. In its filing, the WCIRB proposed the following: *An...

Calif. Judge Gives Split Decision on Local Privacy Ordinances

Jul 30 2003 // A split decision issued July 29 by a federal judge in California in a case related to local privacy ordinances is a case of good news/bad news for insurers and other financial services companies, according to the Alliance...

Calif. WCIRB Makes 2004 Regulatory Filing

Jul 30 2003 // The California Workers’ Compensation Insurance Rating Bureau (WCIRB) submitted its annual regulatory filing to the California Insurance Commissioner July 30. In its filing, the WCIRB proposed the following: *An...

Del. Defeats Ban on Scores; Takes First Step Toward Medical Liability Reform

Jul 28 2003 // In a legislative session reportedly dominated by budget issues, Delaware lawmakers rejected a ban on the use of credit-based insurance scores and took a compromise approach toward medical liability reform. The Legislature...

Calif. Homeowners Emergency Regulation Adopted

Jul 28 2003 // The California Office of Administrative Law (OAL) last week approved the insurance department’s emergency regulation on homeowners insurance underwriting and rating. The regulation restricts insurers’...

Insurers See Mixed Results in 2003 Legislation Affecting Motorcycle Insurance

Jul 25 2003 // As the public’s interest in motorcycle riding has reportedly grown over the last decade, so has insurance company interest grown in meeting the needs of this segment of the marketplace. According to the Motorcycle...

IIABA Supports Passage of Flood Reforms

Jul 25 2003 // The Independent Insurance Agents & Brokers of America (IIABA) is applauding approval of flood insurance reform legislation by a House committee that will reportedly extend the program for five years and institute...

House Financial Services Committee Passes Flood Legislation

Jul 24 2003 // On Wednesday, the House Financial Services Committee, chaired by Rep. Michael G. Oxley, R-Ohio, favorably passed H.R. 253, the “Two Floods and You Are Out of the Taxpayers’ Pocket Act.” Sponsored by Rep....

NAMIC Says National Leg. Organization Endorsement of Competition in Pricing is ‘Significant Momentum’ to State Regulator

Jul 24 2003 // This week’s endorsement of competition to determine insurance pricing by the nation’s largest organization of state legislatures “sends the strongest message yet that states are prepared to take the...