Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
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...
