Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
NAII Leads Effort for ‘Best Practices’ List on Personal Lines Auto
Mar 12 2003 // With some regulators reportedly intent on removing personal lines regulatory modernization from their agenda, the National Association of Independent Insurers (NAII) offered to lead an industry effort to review personal...
Mold Legislation Continues Growth in State Legislatures
Mar 11 2003 // State lawmakers around the country have been busy introducing a variety of bills aimed at the issue of mold, how it is addressed by society, and how it is covered by insurers. “We are currently tracking nearly 30...
Appeals Court Rules Aon Must Pay $22 Million
Mar 10 2003 // The Illinois Appelate Court has ruled that insurance brokerage giant Aon Corp. must pay $22 million to the family of man killed in a plane crash helmed by the company’s corporate pilot, according to Crain’s...
NAII Will Defend Against Court Challenge to NY’s Reg. 68
Mar 10 2003 // The decision by the New York Court of Appeals to hear the appeal of the Medical Society of New York (MSSNY) and the state’s trial lawyers, challenging the validity of Regulation 68 (See IJ Website Feb. 28), has...
PIANY Asks Sponsors to Drop Effort to “Roll Back” Key No-fault Reforms
Mar 10 2003 // While the NAII was fighting to uphold Regulation 68 against a legal challenge (See previous article), the Professional Insurance Agents of New York State Inc. issued a letter to each sponsor of a bill, S.1277/A.269, which...
PIANJ Online Agency Handbook Offers Up-to-date Producer Licensing Information
Mar 10 2003 // The Professional Insurance Agents of New Jersey has released a new “Agency handbook” designed to help agents implement the “new and amended regulations” contained in the Producer Licensing Act. The...
Insurance Still on the Table at the 78th Texas Legislature
Mar 10 2003 // As promised, the 78th Texas Legislature is on a roll with insurance reform, with one bill having been signed into law and many more in committees or on their way to the House and Senate floors. Among the proposed...
TRIA – a Flood of Paper, a Trickle of Buyers
Mar 10 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
National Survey Shows More Than Half of Adult Americans Support Med-Mal Reform
Mar 7 2003 // Recent results of a Wall Street Journal Online/Harris Interactive® Health-Care Poll showed that more than half (58 percent) of adults in America favor new legislation to limit the costs of medical liability and reduce the...
AAI in Support of NAIC’s ASSURE Project
Mar 7 2003 // The Alliance of American Insurers (AAI) is applauding state commissioners attending the National Association of Insurance Commissioners’ (NAIC) spring meeting in Atlanta for initiating a project aimed at increasing...
Coalition Urges Fla. Lawmakers to Act on Gov.’s Call for Med. Liability Reforms
Mar 7 2003 // Florida lawmakers must act on Governor Jeb Bush’s call for medical liability system reforms—including a $250,000 cap on non-economic damages—in order to end a crisis that is driving up healthcare costs and...
Several Midwestern States Revisit Insurance Scoring
Mar 6 2003 // The issue of credit-based insurance scoring is being revisited in many Midwestern states that considered legislation or regulations on the subject in previous years, according to the National Association of Independent...
Nev. Lawmakers Consider Ban on Insurers’ Use of Credit
Mar 5 2003 // A majority of Nevada consumers would be unfairly penalized by legislation prohibiting insurance companies’ use of credit data in determining rates and making underwriting decisions, according to the National...
AAIS Seeks Clarification from Treasury on Status of Rental Dwellings and Farms
Mar 4 2003 // The American Association of Insurance Services (AAIS) is asking the U.S. Department of the Treasury to clarify recently issued terrorism reinsurance regulations as they apply to certain rental dwellings and farm...
Calif. Commissioner Orders SCIF to Reduce Broker Commissions
Mar 4 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
House Committee Holds Hearing on Need for Medical Liability Reform Legislation
Mar 3 2003 // The House Energy & Commerce subcommittee on Health held a hearing last week to assess the need for medical liability reform legislation, H.R. 5. The full House Judiciary Committee plans to hold a hearing on the same...
Calif. Commissioner Orders SCIF to Reduce Broker Commissions
Mar 3 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
Screening Product for OFAC Compliance Available
Feb 28 2003 // First American CREDCO is offering an Office of Foreign Assets Control (OFAC) alert feature that allows those accessing credit reports to automatically screen customers against a list of Specially Designated Nationals (SDN)...
Fla. Lawmakers Unveil Anti-Fraud Bills
Feb 28 2003 // Two Florida lawmakers, reportedly keenly aware of how insurance fraud is hurting consumers, have filed legislation designed to crack down on fraud perpetrators in the state. Sen. Bill Posey (R, Dist. 24) and chairman of...
Serio Says NY Court of Appeals to Hear Reg. 68 Case; NYSID Continues Anti-Fraud Fight
Feb 28 2003 // New York’s Superintendent of Insurance Gregory V. Serio told a Capital District luncheon crowd on Tuesday that his Department has just learned that the New York Court of Appeals has granted leave for plaintiffs to...
