Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Neb. Enacts Scoring Restrictions and Regulatory Modernization
Jun 4 2003 // The Nebraska Legislature enacted two significant bills during the 2003 legislative session that will provide guidelines for credit-based insurance scoring and further modernize the regulatory environment for commercial...
Credit Scoring, Nonrenewal Bills Highlight of Ill. Legislative Session
Jun 4 2003 // Legislation dealing with commercial lines nonrenewals, fee increases and credit scoring were among the top insurance-related bills that passed the 2003 Illinois General Assembly, which adjourned May 31. “The...
Reform Legislation Approved by Texas Legislature
Jun 3 2003 // On the last day of the regular session, Texas lawmakers passed insurance reform legislation, but according to the National Association of Independent Insurers consumers and insurers alike will have to wait to see if the...
AIA Notes N.H. Regulatory Modernization Bill Goes to Governor
Jun 3 2003 // The American Insurance Association issued a bulletin noting that the New Hampshire legislature has passed an insurance regulatory modernization bill (HB 684) that “will provide benefits to consumers and insurers...
Alliance Calls New DE Credit Scoring Regulation a ‘Fair Compromise’
Jun 2 2003 // The Alliance of American Insurers has issued an announcement indicating that a final Delaware Department of Insurance regulation governing property/casualty insurers’ use of credit-based insurance scores that will go...
NAMIC Tells Washington Legal Foundation That Regulation Best Left to States
May 30 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...
PIFC Says Auto Rates will Skyrocket for Drivers in 51 Calif. Counties if Territorial Rating is Eliminated
May 30 2003 // Four California Insurance Commissioners and the California Supreme Court reportedly agree – the use of territory as a factor in determining automobile insurance rates is fair and equitable under Proposition 103...
NAII Comments on Brief Opposing N.J. Appeals Court Ruling in Wrongful Death Case
May 29 2003 // The National Association of Independent Insurers has issued a bulletin commenting on its recent filing of an amicus brief, which opposes a New Jersey appeals court’s conclusion that wrongful death and survival...
NAII Urges Texas to Implement Reforms to Ensure Affordability, Competition
May 29 2003 // The Texas insurance market may continue to experience serious affordability and availability issues if lawmakers cannot find an answer to the state’s insurance crisis that encourages competition and more choices for...
NAII Lauds N.H. Senate’s Passage of Regulatory Modernization Bill
May 29 2003 // The National Association of Independent Insurers praised the New Hampshire Senate on passing H.B. 684, an insurance regulatory modernization bill that the NAII said “will make it easier for insurers and consumers to...
NAMIC Comments on Asbestos Litigation Legislation
May 28 2003 // Late last week, Senator Orrin Hatch, R-Utah, introduced legislation to reform asbestos litigation. The “Fairness in Asbestos Injury Resolution (‘FAIR’) Act of 2003” (S. 1125) is intended to create a...
Texas House Bans Credit Scoring in Regulation Bill
May 28 2003 // The Texas House of Representatives passed its version of Senate Bill 14, legislation that addresses regulation of residential property and commercial and personal automobile insurance. According to the Alliance of American...
NYAIP Issues Plan Manual Amendments on Spousal Liability Coverage
May 28 2003 // The Plan Manual of the New York Auto Insurance Plan has recently been updated to conform with Insurance Department regulations, adopted last November, which require insurers upon the written request of an insured, and upon...
Minn. Passes Bill Denying W/C Entry to Tax-Advantaged Entities
May 27 2003 // In a move insurance groups say will prohibit unfair competition in the state’s workers’ compensation insurance market, the Minnesota Legislature has recently taken action to prohibit state workers’...
Mold Claims Hit $4 Billion in Texas
May 27 2003 // Texas insurance companies have paid out just under $4 billion for mold claims in the past three years. According to the Insurance Council of Texas, an insurance trade association, mold claims have represented a larger...
Mo. Tort Reform Bill May Get Gov’s Veto
May 27 2003 // In the final hours of the 2003 Missouri legislative session lawmakers pushed through a tort reform bill designed to overturn the effects of a devastating court case that is largely responsible for sharp increases in...
NH Commissioner Sees Softening Market Conditions
May 27 2003 // New Hampshire Insurance Department Commissioner Paula Rogers, the keynote speaker at the Professional Insurance Agents of New Hampshire Inc.’s annual conference held at the Marriott Courtyard and Grappone Conference...
AlphaStar Regulatory Filings Delayed; Faces Nasdaq Hearing
May 22 2003 // The Bermuda-based AlphaStar Insurance Group Limited (the successor company to Stirling Cooke Brown) reported that it had received a notification from the Nasdaq Listing Qualifications Department on May 21 that the Company...
NAII, Alliance and AIA Comment on NJ Auto Reform Bill’s Passage
May 19 2003 // The National Association of Independent Insurers, the Alliance of American Insurers and the American Insurance Association all had favorable comments on the passage of New Jersey’s Auto Insurance Reform Act. (See...
NJ Assembly Approves Auto Insurance Reform Act
May 19 2003 // On Friday the New Jersey General Assembly unanimously approved The Automobile Insurance Competition and Choice Act (S-63/A-2625), a measure designed to correct “years of politically influenced auto insurance...
