Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
TRIA-a Flood of Paper, a Trickle of Buyers
Mar 24 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...
AUTO INSURANCE, WORKERS’ COMP EMERGE
Mar 24 2003 // New state laws concerning workers’ compensation and automobile insurance make up the majority of the property/casualty-related insurance laws enacted by state legislatures last year, according to an analysis of...
AAIS Gains Approval in Texas for Homeowners Forms
Mar 21 2003 // Property/casualty insurers that write homeowners insurance in Texas can now use policy forms developed by the American Association of Insurance Services (AAIS). AAIS is a national advisory organization that develops forms...
Coalition, Alliance Hail Senate Passage of NJ Auto Reform Bill, Now Look to Assembly for Action
Mar 21 2003 // The Alliance of American Insurers and the Coalition for Auto Insurance Competition both hailed the passage by the full New Jersey Senate, by a vote of 30-4-7, of legislation aimed at reforming what the Alliance called...
Calif. Commissioner Formally Enforces Regulatory Powers Over SCIF
Mar 21 2003 // Responding to numerous inquiries concerning the availability of workers’ compensation insurance from the California State Compensation Insurance Fund (SCIF), Insurance Commissioner John Garamendi, backed by...
AIA Commends NJ Senate on Passage of Auto Insurance Reform Bill
Mar 20 2003 // The American Insurance Association commended the New Jersey Senate Commerce Committee “for its leadership and bipartisan action in passing historic legislation (Senate Committee Substitute/Senate 63) aimed at...
Ala. Commissioner Urges Passage of Fraud Bill
Mar 18 2003 // Acknowledging that his state has yet to enact strong measures to combat insurance fraud, Alabama Insurance Commissioner Walter A. Bell released the following statement in support of such anti-fraud...
Big Day for NJ Auto Reform Supporters
Mar 18 2003 // St. Patrick’s Day in Trenton NJ took on a decidedly political character as supporters of proposals to change the state’s restrictive automobile insurance regulations gathered at the state capital both inside...
Dewhurst, Fraser Want Credit Score Regulation
Mar 17 2003 // Texas Lieutenant Governor David Dewhurst and Senator Troy Fraser of Horseshoe Bay, chair of the Senate Business and Commerce Committee, have come out in favor of regulating insurers’ use of credit...
Calif. Commissioner Seeks ‘Fair Claims’ Reg Changes
Mar 17 2003 // Acting to provide greater protection for consumers who file insurance claims, Calif. Insurance Commissioner John Garamendi has proposed amendments to the Fair Claims Settlement Practices (FCSP) regulations, which govern...
NAII Notes Positive Modifications in VA 2003 Insurance Legislation
Mar 17 2003 // “Virginia’s 2003 legislative session ended with the softening of many bills that could have made it much more difficult for insurance companies to conduct business in the state,” said an announcement from...
PIANJ Updates Online Agency Handbook to Reflect New Producer Licensing Information
Mar 14 2003 // The Professional Insurance Agents of New Jersey Inc. has updated its online Agency Handbook to include the New Jersey Department of Banking and Insurance’s newly adopted and amended regulations implementing the...
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...
