Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Flex Rating Bill Passes Florida House Subcommittee
Apr 15 2003 // The Florida House Subcommittee on Insurance Regulation approved a bill that would establish a flex rating system for homeowners, commercial property and auto insurance policies, according to the National Association of...
CAS Members Hear Direction of Credit Scoring
Apr 15 2003 // The increasing use of credit scoring by insurers in underwriting and rating personal lines of insurance has reportedly brought on increased interest, oversight and even some action by insurance regulators and state...
PIA National Board Endorses NAIC ASSURE Initiative
Apr 14 2003 // One day after meetings with National Association of Insurance Commissioners (NAIC) president Mike Pickens, the PIA National Board of Directors unanimously adopted a resolution reaffirming PIA’s support of a major...
Mont. Legislature Approves HB 205
Apr 14 2003 // Both houses of the Montana Legislature have approved HB 205, the Insurance Department’s bill to amend the state’s Insurance Information and Privacy Protection Act, according to the Alliance of American...
Florida Flex Rating Bill Passes House Subcommittee
Apr 14 2003 // The Florida House Subcommittee on Insurance Regulation has approved a bill that would establish a flex rating system for homeowners, commercial property, and auto insurance policies. “This measure is a good first...
U.S. Congress Hears of N.J. Auto Insurance Crisis
Apr 11 2003 // Federal lawmakers Thursday learned that New Jersey’s auto insurance crisis has impacted more than a quarter million people within the past three years alone, forcing drivers to search for auto insurance in a market...
Lloyd’s Chairman Calls for Equal Treatment Under U.S. Insurance Law
Apr 11 2003 // The current U.S. regulation system must change to accept Lloyd’s as a loyal partner rather than reinsurance aliens, the Chairman of Lloyd’s of London told journalists in Washington, D.C. recently. Speaking to...
Florida Flex Rating Bill Passes House Subcommittee
Apr 11 2003 // The Florida House Subcommittee on Insurance Regulation has approved a bill that would establish a flex rating system for homeowners, commercial property, and auto insurance policies. “This measure is a good first...
N.D. Enacts NCOIL Insurance Scoring Model; Kan. Bill Sent To Governor
Apr 10 2003 // Legislation regulating the use of credit-based insurance scores was recently signed by North Dakota’s governor and has passed the Kansas legislature. Three other states, Colorado, Virginia and Wyoming have enacted...
Louisiana Lawmakers to Address Asbestos Reform Bills
Apr 9 2003 // A number of asbestos litigation reform bills were filed in both the Louisiana House and Senate for the session that began March 31, according to the Alliance of American Insurers, which has been active in developing and...
Fla. Senate Committee Passes No-Fault Measure Backed by AIA
Apr 9 2003 // The Florida Senate’s Banking & Insurance Committee gave its approval to no-fault legislation containing many reforms advocated by the American Insurance Association (AIA). According to the AIA, the Motor Vehicle...
NAII Says Issues Linger in Georgia as Legislature Winds Down
Apr 8 2003 // As the budget-dominated first year of a two-year Georgia legislative session winds down, a handful of insurance-related bills still remain to be settled, according to the National Association of Independent Insurers...
Judge Rules in Favor of State Fund in A&J Liquor Class Action Suit
Apr 8 2003 // A tentative ruling in the class action lawsuit A&J Liquor Co. Inc., et al v. State Compensation Insurance Fund found in favor of California’s largest workers’ comp insurer April 7. San Francisco Superior...
Conn. Senator Chris Dodd Honored as 2002 IIABA Legislator of the Year
Apr 7 2003 // Connecticut Senator Chris Dodd (D) was presented with the Independent Insurance Agents & Brokers of America’s 2002 Gerald Solomon Legislator of the Year Award during the Association’s 27th Annual National...
Alabama Announces Regulation Hearings
Apr 7 2003 // The Alabama Department of Insurance has scheduled regulation hearings for May 6 and May 21, 2003. The May 6 hearing will address the adoption of regulations concerning customer privacy and use of credit information....
Supreme Court Rules in Important Insurance Legal Case
Apr 7 2003 // A ruling by the U.S. Supreme Court today overturning a lower court’s ruling in State Farm Mutual Automobile Insurance Co. v. Curtis B. Campbell and Inez Preece Campbell is a victory for insurers and state regulation...
Supreme Court Sides With State Farm, Insurance Industry
Apr 7 2003 // A jury award that would have forced State Farm Insurance Cos. to pay a Utah man $145 million in punitive damages has been overturned by the U.S. Supreme Court. Insurance trade groups said the 6-3 decision was a win not...
CALIF COMMISSIONER SEEKS ‘FAIR CLAIMS’ REG. CHANGES
Apr 7 2003 // Acting to provide greater protection for consumers who file insurance claims, California Commissioner John Garamendi has proposed amendments to the Fair Claims Settlement Practices (FCSP) regulations, which govern how...
Are Cost, Availability of Calif. Homeowners Insurance at Crisis Proportions’
Apr 7 2003 // Today, the California personal lines industry is at the peak of a down cycle that has adversely affected the homeowners’ insurance marketplace. The downturn began in 2000, and worsened after the Sept. 11 attack on...
TX WATER CLAIMS BILLGOES TO SEN.
Apr 7 2003 // Legislation authored by Texas Senator Troy Fraser to speed insurance companies’ response to water damage claims, limit the amount insurers can charge homeowners for previous water damage claims, and require the...
