Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
AIA Makes Available New Boiler, Pressure Vessel Laws and Regulations Publication
Feb 11 2003 // A comprehensive, state-by-state guide to boiler and pressure vessel laws and regulations is now available from the American Insurance Association (AIA). In addition to providing summary information for each state and the...
NAII Notes All States Have Addressed Privacy Legislation, While Handful Have Proposals Pending
Feb 11 2003 // Insurance companies with systems in place to meet state and Federal Privacy standards may need to do some “tweaking” down the road to assure continued regulatory compliance, according to the National...
Tenn. Commissioner Briefs Lawmakers on Reciprocals in Receivership
Feb 11 2003 // Tennessee Commissioner of Commerce and Insurance Paula A. Flowers briefed the state’s House of Representatives on the department’s placement of three malpractice insurance reciprocals into...
Commercial Lines Auto: A Sleeping Giant Awakens
Feb 10 2003 // The commercial lines auto market used to be a steady line of business, stirred up occasionally by a Department of Transportation regulatory change or fallout from personal auto regulatory issues. Like other lines, it was...
Terrorism Risk Insurance Program: A Progress Report
Feb 10 2003 // With a federal terrorism reinsurance backstop now in place, the industry is faced with implementing the provisions of the legislation in a timely and efficient manner. This has and will continue to require unprecedented...
Commercial Lines Auto: A Sleeping Giant Awakens
Feb 10 2003 // The commercial lines auto market used to be a steady line of business, stirred up occasionally by a Department of Transportation regulatory change or fallout from personal auto regulatory issues. Like other lines, it was...
Terrorism Risk Insurance Program: A Progress Report
Feb 10 2003 // With a federal terrorism reinsurance backstop now in place, the industry is faced with implementing the provisions of the legislation in a timely and efficient manner. This has and will continue to require unprecedented...
Former Florida Insurance Lobbyist Passes Away
Feb 7 2003 // William “Buddy” McCue, former workers’ compensation lobbyist for the Florida Insurance Council (FIC) and former president of the Florida Association of Insurance Agents, died recently in Tallahassee after...
Calif. Commissioner Testifies Before Assembly Insurance Committee
Feb 7 2003 // California Insurance Commissioner John Garamendi testified before the Assembly Insurance Committee recently, discussing the impact of water damage and mold on consumers and the insurance industry. Below is the text of his...
Ore. Adopts Regs Addressing Credit Scores
Feb 5 2003 // The Oregon Insurance Division has adopted regulations governing insurance companies’ use of credit-based insurance scores in writing personal automobile and homeowners policies. The regulations take effect June...
Texas Legislature Takes Initial Steps Toward Reform
Feb 5 2003 // The Texas Legislature took the first of many steps in resolving the state’s insurance crisis with the naming of members to the House Insurance Committee and with the Senate’s initiation of hearings on insurance...
PIFC Explains Reasons for Recent Homeowners Insurance Premium Increases
Feb 5 2003 // Diane Colborn, vice president of the Personal Insurance Federation of California (PIFC), told the Assembly Insurance Committee earlier today that the most significant factor in recent homeowners insurance premium increases...
Calif. Adopts Regs on Worker Occupational Safety
Feb 4 2003 // Last year’s workers’ compensation benefit increase bill (AB 749) eliminated the state’s loss control certification unit as of Dec. 31, 2002, replacing it with a new “Worker Occupational Safety and...
Colo. House Passes Tort Reform Measures
Feb 3 2003 // The Colorado House of Representatives voted this week to protect consumers from unjustified lawsuits, which are driving up the cost of homes, medical care and insurance. In addition, the House Business Affairs Committee...
Alliance Urges Calif. Legislative Panel Not to ‘Reinvent Wheel’ on Privacy
Feb 3 2003 // Further burdening insurers with onerous state-specific privacy requirements will only hurt the California insurance market with no corresponding benefit to consumers, a representative of the Alliance of American Insurers...
Major Insurance Bills Filed in Texas
Jan 31 2003 // Texas lawmakers introduced two bills in Texas legislature that aim to control rising insurance rates in the state. Texas State Senator Troy Fraser of Horseshoe Bay announced the filing of Senate Bill 310, requiring...
Sonnenschein Adds to Regulatory Group With Addition of Former Ill. Director
Jan 30 2003 // Sonnenschein Nath & Rosenthal announced the addition of five prominent lawyers to its Insurance Group, enhancing its national insurance regulatory, transactional and reinsurance practices and its insurance...
Texas Judge Orders Boat Insurer to Pay $1 Million
Jan 30 2003 // A judge in Austin, Texas ordered a London- and Canada-based organization to stop marketing boat and other watercraft insurance in Texas without a license and to pay a $1 million fine imposed last year by Commissioner Jose...
AAI Urges Calif. Legislative Panel Not to ‘Reinvent Wheel’ on Privacy
Jan 30 2003 // Further burdening insurers with onerous state-specific privacy requirements will only hurt the California insurance market with no corresponding benefit to consumers, a representative of the Alliance of American Insurers...
Risk Retention Groups Owning Up to Success
Jan 27 2003 // Due to the restricted coverages available in the market today, risk retention groups (RRGs) have experienced a significant amount of rapid growth over the past year. At a time when the industry is facing what is perhaps...
