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