Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
New Fla. Dept. of Financial Services in Full Swing
Jan 13 2003 // The Florida Department of Financial Services, the new agency resulting from the merger of the departments of Insurance and Banking and Finance, has opened its doors. The agency, headed by Chief Financial Officer Tom...
PIFC Elects 2003 Board Chairman and Officers
Jan 13 2003 // Dan Dunmoyer, president of the Personal Insurance Federation of California (PIFC), announced that Daniel E. Kinney, California vice president-operations for State Farm Insurance Companies, will continue serving as the...
Montemayor Sends Biennial Report, Recommendations to Lawmakers
Jan 13 2003 // Texas Insurance Commissioner Jose Montemayor recently submitted the Biennial Report, required under Section 32.022 of the Insurance Code, to Texas legislators suggesting needed changes in laws relating to insurance...
Oxley Forecasts Insurance Issues Awaiting the 108th Congress
Jan 13 2003 // For more than a year, the issue of federal backstop legislation for terrorism risk has dominated Congress’ attention when it comes to insurance industry issues. Now that the Terrorism Risk Insurance Act has been...
Book Says Med-Mal Legislation Discriminates
Jan 10 2003 // A new book on medical malpractice in Texas, by Fort Worth attorney Dan Barrett, claims Republicans are discriminating against the elderly and the poor in bills to be considered in the upcoming legislative...
Bankruptcy Judge Approves Auction of Conseco Finance
Jan 10 2003 // Chicago Bankruptcy Judge Carol A. Doyle, who is supervising the Chapter 11 reorganization proceedings of Indiana-based Conseco, Inc., has give approval to a plan to auction off the company’s financial subsidiary,...
Study by W. Va. Lawmakers: Caps Won’t Lower Med-Mal Coverage Rates
Jan 8 2003 // The West Virginia State Legislature has issued a report finding that imposing caps on damages in medical malpractice lawsuits will not reduce insurance rates for physicians, at least in the near future. Following the...
IIABA to Pursue Ambitious Agenda in 108th Congress
Jan 7 2003 // With the much-anticipated 108th Congress convening Tuesday, the Independent Insurance Agents & Brokers of America (IIABA) said it is prepared to wage a proactive lobbying effort on behalf of independent agents and...
Montemayor Presents Lawmakers with Biennial Report
Jan 6 2003 // Texas Insurance Commissioner Jose Montemayor submitted a written report to Texas legislators indicating needed changes in laws relating to regulation of the insurance industry. The Biennial report, required under Section...
IIABA’s 27th Annual National Legislative Conf. Set for Washington, D.C.
Jan 3 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...
NAMIC Supports Credit Scoring in Testimony at Ohio Ins. Dept. Hearing
Jan 3 2003 // The National Association of Mutual Insurance Companies strongly supported the right of insurers to use credit information in making underwriting and rating decisions, in testimony before an Ohio Department of Insurance...
New Bills Go Live in Calif.
Jan 1 2003 // 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 couple of...
Society Meeting Reports Insurers Have Much to Think About in Dealing with Present Challenges
Dec 31 2002 // According to speakers at the Society of Insurance Research’s annual meeting, the strategic challenges confronting insurers include the rapid pace of change, terrorism, asbestos, the need to reform the tort system,...
Ohio Court Rules Against Insurers in Ferrando Case
Dec 30 2002 // Ohio’s Supreme Court has ruled in the case of Ferrando v. Auto Owners that uninsured or underinsured motorist coverage (UM/UIM) may be claimed even in cases where there has been a length delay in notifying the...
W. Va. State Agencies See Rise in Med-Mal Claims
Dec 19 2002 // A medical malpractice law passed in West Virginia last year is apparently to blame for an increase in medical malpractice lawsuits against state agencies this year. According to the Charleston Daily Mail, a legislative...
PIANY Urges Legislative Action on Auto Insurance Fraud
Dec 19 2002 // The the Professional Insurance Agents of New York State Inc. (PIANY) has issued a statement urging the New York State Legislature and Gov. George Pataki to pass legislation to address auto insurance fraud. Both the...
Wisconsin’s Deputy Insurance Commissioner Wins National Outstanding Achievement Award
Dec 18 2002 // Randy Blumer, Wisconsin’s Deputy Comissioner of Insurance, recently received the highest individual honor given by the National Association of Insurance Commissioners, the Robert Dineen Award, at its winter meeting...
NAIC Adopts Resolution as Flood Insurance Program Sunsets
Dec 17 2002 // Acting within hours of a request for assistance from the Federal Emergency Management Agency (FEMA), the National Association of Insurance Commissioners’ Property and Casualty Committee adopted a resolution to...
Calif. Commissioner Implements Last-Minute Regs
Dec 16 2002 // With his term coming to an end, California Insurance Commissioner Harry Low has finalized some last-minute regulations in the Insurance Code before he hands over the reins to Commissioner-Elect John Garamendi. Some of the...
New Mass. Telemarketing Rules Incorporate NAII Suggestions
Dec 16 2002 // The Massachusetts Office of Consumer Affairs and Business Regulation (OCABR) announced the finalization of its new telemarketing regulations, which include changes recommended by the National Association of Independent...
