Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
First Set of Proposed Regs on Terrorism Insurance to Provide Insurers with More Certainty
Feb 27 2003 // The Alliance of American Insurers (AAI) is applauding the U.S. Department of the Treasury for its reported diligence in issuing the first set of regulations under the Terrorism Risk Insurance Act (TRIA) of...
Coalition Says N.J. Drivers Have Fewer Choices
Feb 27 2003 // New Jersey’s insurance crisis reportedly took yet another turn for the worse Wednesday when the New Jersey Department of Banking and Insurance allowed New Jersey Manufacturers Insurance Group, the state’s...
Oxendine Expresses Concerns About Ga. Insurance Market
Feb 27 2003 // Georgia Insurance Commissioner John Oxendine recently spoke out on the need for judicial reform as a way to encourage insurers to compete for business in the state. According to the National Association of Independent...
Dewhurst Says TX Homeowners Rates Are up to 18% Too High
Feb 27 2003 // Texas Lt. Gov. David Dewhurst commented that homeowners insurance rates in Texas are running some 12 to 18 percent higher than they should be. According to the Houston Chronicle, Dewhurst made the remarks after Gov. Rick...
Changes To Wind-Loss Mitigation Credits Under ISO’s Fla. Program Approved
Feb 25 2003 // The Florida Office of Insurance Regulation has approved Insurance Services Office, Inc.’s (ISO) homeowners program for insurers to provide homeowners premium credits for wind-loss mitigation features in residential...
Va. Lawmakers Consider Tightening Use of Insurers’ Underwriting, Rating Tools
Feb 24 2003 // As the final days of the 2003 Virginia legislative session unfold, lawmakers are considering several bills that would impact the resources insurance companies currently use to underwrite and rate their products. Senate...
COLO. HOUSE PASSES TORT REFORM MEASURES
Feb 24 2003 // The Colorado House of Representatives voted recently to protect consumers from unjustified lawsuits, which are reportedly driving up the cost of homes, medical care and insurance. In addition, the House Business Affairs...
Time to Jump on the Employee Benefits Bandwagon’
Feb 24 2003 // In some respects, the world of employee benefits seems to be on a roll. The Indepen-dent Insurance Agents & Brokers Association (IIABA) reports that about 26 percent of the U.S. agencies examined in its “2002...
NAII Notes All States Have Addressed Privacy Legislation
Feb 24 2003 // Insurance companies with systems in place to meet state and Federal Privacy standards may need to do some “tweaking” to assure continued regulatory compliance, according to the National Association of...
Texas Versus New Jersey
Feb 24 2003 // Is Texas the next New Jersey? That was one of the many questions posed about the state by Robert Hartwig, chief economist for the Insurance Information Institute, at the 40th Annual Joe Vincent Management Seminar held by...
Time to Jump on the Employee Benefits Bandwagon’
Feb 24 2003 // In some respects, the world of employee benefits seems to be on a roll. The Indepen-dent Insurance Agents & Brokers Association (IIABA) reports that about 26 percent of the U.S. agencies examined in its “2002...
Med Mal Fever: When Doctors Walk Out, Politicians Notice
Feb 24 2003 // They’re baaack. High-flying medical malpractice liability claims losses, that is. The availability crisis of the 1970s and the affordability crisis of the 1980s may be nothing compared to the crisis insurers and...
Sen. Majority Leader Bill Frist to Address IIABA Nat. Legislative Conf.
Feb 21 2003 // Sen. Bill Frist, M.D. (R-Tenn.), the majority leader of the U.S. Senate, will be a keynote speaker at the 27th Annual National Legislative Conference of the Independent Insurance Agents & Brokers of America (IIABA) in...
UCITA Legislation Dies in Okla; NCCUSL Withdraws Resolution Before ABA
Feb 21 2003 // Proponents of the Uniform Computer Information Transactions Act (UCITA) have suffered a double setback as UCITA legislation (SB697) in Oklahoma died in the Senate Appropriations Committee and the American Bar Association...
Md. Legislative Session at Halfway Point
Feb 21 2003 // The 2003 Maryland legislative session is at the halfway point, with a crop of insurance-related bills still working their way through the process, including legislation on no pay/no play, insurers’ use of credit,...
AIA Urges N.J. Assembly to Stay Focused on Auto Reform
Feb 21 2003 // The American Insurance Association (AIA) urged the New Jersey General Assembly to remain focused on competition and stabilizing the auto insurance market at an Assembly Banking and Insurance hearing on auto insurance...
Fla. Business Associations Demand a Fix for Medical Liability Problems
Feb 20 2003 // Florida’s top business associations demanded that state legislators fix the broken medical liability system, saying it is one of the key reasons healthcare costs are skyrocketing for employers and workers. According...
Senate Privacy Bill Could Impede Progress in Calif. Business Climate
Feb 19 2003 // The Association of California Insurance Companies (ACIC) says a California consumer privacy bill that was set to be heard in the Senate Judiciary Committee Feb. 18 is unnecessary because current state law and department of...
NAII Opposes Superfluous Credit Bills at Ore. Hearing
Feb 14 2003 // An Oregon regulation addressing credit-based insurance scores should receive a chance to take effect and work before lawmakers consider adopting unnecessary legislation that could prevent consumers from getting the...
Illinois Court Rules Employee Injured at Company Picnic Can File for Workers’ Comp
Feb 13 2003 // An Illinois appeals court has decided that an employee who injured his knee playing basketball at a company picnic can file a workers’ compensation claim. The decision overturned a ruling by an arbitrator who ruled...
