Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Insurers Urge 11th Circuit to Overturn Fla. Ruling That Usurps State Regulation of Insurance
Jul 21 2003 // The four national property/casualty insurance industry trade associations filed an amicus brief late last week with the 11th Circuit Court of Appeals opposing the use of a national class action to resolve insurance rate...
Legislation, Building Relationships Mark Year for TSLA Leader
Jul 21 2003 // Paula Burnes, CEO of the Texas Surplus Lines Association (TSLA), recently sat down with Insurance Journal senior writer Dave Thomas to discuss the Association’s role in the industry, its plans for the future, and...
Montemayor Confident Reforms Will Level the Field for All Participants
Jul 21 2003 // Texas Insurance Commissioner José Montemayor and the Texas Department of Insurance have a big job ahead of them in implementing the regulatory reforms put in motion by the 78th Texas Legislature. In a recent interview...
ACIC Objects to California Homeowners Regulations
Jul 18 2003 // On July 15, the Association of California Insurance Companies (ACIC) filed objections to the California Office of Administrative Law (OAL) regarding a proposed emergency regulation that would impose restrictions on...
NAII Opposes Bill to Establish Federal Insurance Regulatory Commission
Jul 17 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 WC Bill Into Law
Jul 17 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...
Texas Bill Aims to Give Serious Asbestos Injuries Docket Priority
Jul 16 2003 // Legislation easily passed a Texas Senate committee with minor revisions that will cut down the number of asbestos-related lawsuits. The asbestos-related legislation could become the second major lawsuit reform bill passed...
Territorial Rating Back on Radar Screen in Calif., ACIC Says
Jul 15 2003 // The California Department of Insurance recently accepted a petition that would change how automobile insurance rates are set in California. The petition, proposed by consumer groups, would restrict the importance that...
IIABA Opposes New Bill Authorizing Federal Insurance Commission
Jul 15 2003 // The Independent Insurance Agents and Brokers of America released a statement saying it is concerned about an unexpected bill introduced in the Senate last week by Sen. Fritz Hollings (D-S.C.) that is the first legislative...
20 States Have Enacted Tort Reforms This Year
Jul 15 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...
Political ‘Soap Opera’ Reportedly Characterizes 2003 R.I. Legislative Session
Jul 14 2003 // The Rhode Island legislature went through a marathon session and officially adjourned during the early morning hours recently, wrapping up a year of political posturing that resulted in a several gains for the insurance...
U.S. House Passage of OT Rules Reportedly Bodes Well for Insurers
Jul 14 2003 // Proposed Department of Labor regulations that were approved by the House of Representatives July 10 would reportedly clarify how employers determine who is exempt from overtime pay and should aid insurers, according to the...
NCOIL Scoring Model Reportedly Garners Support in States
Jul 10 2003 // The reported increasing popularity of the National Conference of Insurance Legislators (NCOIL) Insurance Scoring Model Act and the publication of two significant studies showing an irrefutable link between credit-based...
Terrorism Risk Act Regulation Finalized
Jul 10 2003 // The Department of the Treasury this week finalized the first regulation implementing the Terrorism Risk Insurance Act of 2002 (TRIA). The final rule clarifies that fidelity insurance is not included under the Act and does...
Ill. Agents Favor Gov’s Signing of Credit Bill
Jul 10 2003 // The Professional Independent Insurance Agents of Illinois (PIIAI) applauds Gov. Rod Blagojevich’s decision to sign HB 1640, the Use of Credit Information in Personal Insurance Act. The bill establishes limitations on...
Calif. Lawmakers Form Workers’ Comp Reform Committee
Jul 10 2003 // California Insurance Commissioner John Garamendi commended lawmakers July 9 for moving workers’ compensation bills into a Legislative Conference Committee, and consequently moving the reform of the system closer to...
Most States Opt for Limited Regulation of Insurance Scoring
Jul 9 2003 // Of the 19 states that enacted new laws in 2003 dealing with credit-based insurance scores, legislators in 13 states elected to follow the provisions of the model act developed by the National Conference of Insurance...
Chase to Return to Auto Leasing in R.I.
Jul 9 2003 // Chase Manhattan Automotive Finance Corporation, a subsidiary of JPMorgan Chase Bank, announced that it will return to the auto leasing business in Rhode Island immediately after the Governor signs a new bill limiting...
Fla. Governor Signs Law Limiting Use of Credit Reports
Jul 7 2003 // Florida’s Chief Financial Officer Tom Gallagher announced that a new law has hit the books that will limit the use of credit reports and credit scores by insurance companies that sell homeowners and auto insurance....
Real Progress Bodes Well for Regulatory Modernization Efforts
Jul 7 2003 // The issue of state versus federal regulation of insurance provokes strong opinions and divergent points of view among insurers. Yet there is one point on which we all can agree—consumers are best served by a healthy and...
