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