Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Choice & Competition Form Litmus Test for Reasonable Regulatory Reform
Jan 27 2003 // Now that the Texas legislative session is underway and the pre-election rhetoric surrounding insurance reform in Texas has moderated, the stage is set for the legislature to make the tough decisions necessary to resolve...
NEW BILLS GO LIVE IN CALIF
Jan 27 2003 // California Gov. Gray Davis and the Democratic-controlled state Legislature came to agreement on 1,168 bills during the last session, making it the most bills Davis has signed in a single year since taking office in 1999. A...
IIABA’s 27th ANNUAL NATIONAL LEGISLATIVE CONF. SET FOR WASHINGTON, D.C.
Jan 27 2003 // The Independent Insurance Agents & Brokers of America’s (IIABA’s) 27th Annual National Legislative Conference will be held April 2-4 at The Capital Hilton in downtown Washington, D.C. The event will bring...
NAIC Adopts Credit Scoring Regulatory Options Paper
Jan 24 2003 // The Credit Scoring Working Group of the National Association of Insurance Commissioners (NAIC) has adopted a list of options for states to consider when reviewing insurance credit scoring proposals as well as a consumer...
Caliber Files Lawsuit Over State Regulators
Jan 24 2003 // In a lawsuit filed in the Los Angeles Superior Court recently, Irvine-based Caliber Collision Centers asked the court to compel the Bureau of Automotive Repair to stop engaging in a regulatory practice that is...
NYSID Announces Licensing of Town Sports Captive Insurer
Jan 24 2003 // The New York State insurance Department announced that a license has been issued to TSI Insurance Incorporated as a captive insurance company in the state. The new captive, previously incorporated by the Department, will...
Alliance Opposes Texas Mold Remediation Bill
Jan 23 2003 // The Alliance of American Insurers announced its opposition to HB 329, a bill introduced into the Texas House of Representatives that would create the Mold Assessors and Remediators Act. The act would establish regulations...
Mont. Bill Would Undermine Judges’ Authority in Issuing Protective Orders
Jan 23 2003 // A Montana House bill that would restrain judges from issuing protective orders on private information evokes privacy concerns, compromises parties’ abilities to reach freely negotiated settlements, and increases the...
S&P Continues Gerling “CreditWatch;” May Change Ratings
Jan 22 2003 // Standard & Poor’s issued a bulletin confirming that the primary insurance entities of Germany’s Gerling insurance group “remain on CreditWatch following further discussions with the group’s...
NAII Supports NH Insurance Regulatory Reform Bill
Jan 21 2003 // The National Association of Independent Insurers has issued a statement strongly supporting the new insurance regulations contained in a Bill introduced last week in the New Hampshire legislature by Rep. John Hunt,...
NAMIC’s Industry Knowledge Manager Elected to Soc. of Insurance Research Board
Jan 20 2003 // The National Association of Mutual Insurance Companies (NAMIC) named Ken Marshall, NAMIC’s Industry Knowledge Manager, to the Board of Directors of the Society of Insurance Research (SIR). His term will expire at the...
NAII Says R.I. Lead Hazard Regulation Should Exclude Surplus Lines Insurers
Jan 20 2003 // According to the National Association of Independent Insurers (NAII), The Rhode Island Department of Business Regulation (RIDBR)’s Regulation 101 should be rewritten to specifically exclude surplus lines insurers,...
EC to Decide Whether to Charge U.K. on Lloyd’s Regulation
Jan 20 2003 // The European Commission, the top regulatory body of the European Union, is reportedly set to decide on Tuesday whether to file formal charges against the U.K. for failing to apply EU regulatory standards to the...
Calif. Judge Overturns State Farm Trade Secrets Ruling
Jan 20 2003 // A Mendocino Country Superior Court judge has overruled the jury verdict in the case of two former State Farm agents vs. State Farm Mutual Automobile Insurance Company (IJ West, Sept. 2, 2002). Richard Pyorre and John Wier,...
AAI Disappointed with U.S. Supreme Court Ruling on Asbestos Liability Claims
Jan 14 2003 // The Alliance of American Insurers (AAI) says it is disappointed with Monday’s decision by the U.S. Supreme Court to reject an appeal that would have consolidated tens of thousands of asbestos liability claims into...
IIABA Praises President for Reauthorization of Flood Insurance Program
Jan 14 2003 // The Independent Insurance Agents & Brokers of America (IIABA) is commending the responsiveness of Congress and President Bush for approving legislation that reauthorizes the National Flood Insurance Program...
PIANY Tells NY Legislators of Need for Auto and Labor Law Reform
Jan 14 2003 // The Professional Insurance Agents of New York held its first legislative meeting of the year last Thursday, and addressed two major issues on which they want members of the Senate and Assembly to take action during the...
Alliance Calls for Changes in DE Credit Scoring Regulation
Jan 14 2003 // The Alliance of American Insurers characterized the Delaware Department of Insurance current regulatory proposals on Credit scoring as “a good starting point for addressing the issue,” but indicated that they...
Mich. Legislative Session Concludes with Good News for Insurers
Jan 13 2003 // The Michigan Legislature adjourned a very busy but generally successful legislative session recently. Several bills of interest to property/casualty insurers passed during the last two weeks of the session including...
NAII Says Ohio’s Proposed Credit-Based Scoring Rules Soften, but Need Fine-Tuning
Jan 13 2003 // Ohio’s proposed credit-based insurance scoring rules have softened, but need additional fine-tuning to be more effective and beneficial to consumers, according to the National Association of Independent Insurers...
