Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
AIA Joins in Filing Amicus Brief in Support of Reg 68 Changes
Jun 27 2003 // The American Insurance Association announced that it has joined with other trade associations to file an amicus brief with the New York Court of Appeals in support of the changes in the no-fault auto insurance Regulation...
New Ill. Budget Hits Insurers With Increased Taxes, Fees
Jun 26 2003 // Illinois Gov. Rod Blagojevich has signed into law two bills dealing with taxation on surplus lines insurers and motor vehicle records fees. S.B. 1634 will require surplus line producers to file reports twice a year with...
NCOIL to Develop Market Conduct Model Law; Seeks NAIC Input; NAMIC Comments
Jun 25 2003 // The National Conference of Insurance Legislators (NCOIL) leadership said before the Executive Committee of the National Association of Insurance Commissioners (NAIC) that after more than four years of examination, NCOIL...
PIANJ Commends Senate on Passage of Legislation to Protect Agents’ Books
Jun 25 2003 // The Professional Insurance Agents of New Jersey Inc. commended the State Senate for its unanimous passage of legislation to help to ensure that agents’ ownership and commission rights are continued when an insurance...
IIANJ Urges Companies to Consider N.J. Market Following Auto Reforms
Jun 25 2003 // Leaders of The Independent Insurance Agents of New Jersey, which represents over 700 small businesses in the state, gathered at the New York Hilton on Sunday morning to meet with insurance company executives to discuss the...
Maine Adjourns; Legislature Addresses Scoring, Privacy and Workers’ Comp
Jun 24 2003 // The Maine legislature tackled several important issues this session such as credit-based insurance scores and workers’ compensation, however it deferred action on establishing building codes and creating a joint...
Tenn. Names Lewis and Gowan Named as Assist. Commissioners
Jun 24 2003 // Tennessee Commerce and Insurance Commissioner Paula A. Flowers announced the appointments of Nashville attorney Robert E. Gowan and former state Rep. Doyle “Butch” Lewis as assistant commissioners. Gowan joins...
S-5700 Passes N.Y. Assembly – Extends NYPIUA, Restores “2%” Rule
Jun 24 2003 // The New York Assembly followed their colleagues in the State’s Senate by passing legislation, S.5700, which extends the New York Property Insurance Underwriting Association’s authority for another year and...
NAMIC TELLS WASHINGTON LEGAL FOUNDATION THAT REGULATION BEST LEFT TO STATES:
Jun 23 2003 // Reformed state regulation of insurance is the most desirable course for the future according to a National Association of Mutual Insurance Companies (NAMIC) speaker at a media briefing on “An Optional Federal...
Inside the Contractors Market
Jun 23 2003 // If you find placing contractors insurance these days almost as daunting as building the house, condo, apartment or other facility itself, you are not alone. A restrictive market, high minimum premiums and tighter...
AAI Urges NCOIL to Take Initiative on Market Conduct Reform
Jun 23 2003 // Modernization of how states monitor insurer market conduct is a key element to preserving state regulation of insurance, and state legislators can play a key role in making sure existing initiatives are implemented quickly...
Perry Signs Reform Bill into Law
Jun 23 2003 // In mid-June Texas Governor Rick Perry signed into law Senate Bill 14 and House Bill 4. The first bill reforms the way home and auto insurers are regulated in the state; the second places a cap on non-economic damages in...
Inside the Contractors Market
Jun 23 2003 // If you find placing contractors insurance these days almost as daunting as building the house, condo, apartment or other facility itself, you are not alone. A restrictive market, high minimum premiums and tighter...
Pickens Believes Competitive Market is Best Climate for Business
Jun 23 2003 // Mike Pickens Having served six years in his present office, Arkansas Insurance Commissioner Mike Pickens has had an opportunity to see a number of changes in his state over the years. Pickens recently sat down with...
Perhaps a Large Cash Prize is the Answer
Jun 23 2003 // When battling Legislative dragons every two years, those of us who work for the Texas property and casualty insurance industry are dramatically reminded how poorly our business is understood. Furthermore, our antagonists...
Pyrotechnic Regulation Bill Goes to Ala. Governor
Jun 20 2003 // The Alabama Department of Insurance reported that Gov. Bob Riley has been sent a bill for his signature that will regulate indoor pyrotechnic displays in hopes of preventing a disaster like the one at a night club in Rhode...
NAII: La., Texas Lighten Regulatory Load
Jun 20 2003 // Louisiana and Texas legislators opted to overhaul their insurance regulatory systems this year with competition-based solutions that should help to address the insurance availability and affordability crises that have...
IBC Lauds New Brunswick Legislation as ‘Positive Step’ to Stabilize Premiums
Jun 20 2003 // The Insurance Bureau of Canada announced that “is pleased that New Brunswick’s government is taking concrete action to stabilize auto insurance rates,” following a decision to cap pain and suffering...
Onerous Calif. Financial Privacy Bill Heard in Assembly
Jun 18 2003 // A Senate bill that would reportedly create the country’s most restrictive privacy standards passed the full Senate and is pending in the Assembly, where it was heard June 17 in the Assembly Banking and Finance...
Coalition Keeps Pressure on Florida Lawmakers
Jun 17 2003 // Leaders of the Coalition to Heal Healthcare in Florida told the state legislature returning to the Capitol for the start of a four-day special session that Governor Jeb Bush’s comprehensive reform package will solve...
