Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
S&P Revises Highlands Ratings After Bankruptcy Filing
Nov 5 2002 // Standard & Poor’s Ratings Services revised the financial strength ratings of Highlands Insurance Co. and its subsidiairies from triple-“Cpi” to “R” after the firm’s holding company,...
NAII Decries N.H. Court Ruling on Workers’ Comp Interest Payments
Nov 5 2002 // The National Association of Independent Insurers (NAII) objected to a recent New Hampshire Supreme Court ruling determining that interest on workers’ compensation payments run from the date of loss rather than the...
Ky. Supreme Court Rules on Parental Consortium Claims
Nov 5 2002 // The Kentucky Supreme Court unanimously ruled in Daley v. Reed recently that a claim for loss of parental companionship and services is payable under the “each person” limit, not the “each accident”...
NAII Urges Texas Supreme Court to Overturn Diminished Value Ruling
Nov 1 2002 // The National Association of Independent Insurers (NAII) is urging the Texas Supreme Court to review and overturn a lower court ruling requiring personal automobile insurers to pay diminished value under the terms of an...
Court Ruling Challenges SAI-La Fondiaria Merger
Nov 1 2002 // An Italian court has dealt another blow to the ongoing merger plans between SAI and La Fondiaria, aimed at forming the country’s third largest insurance group. This week’s ruling overturns a finding by Consob,...
IIABA: GLBA Does Not Preempt W. Va. Insurance Laws
Oct 31 2002 // The Independent Insurance Agents & Brokers of America (IIABA) and the state of West Virginia argued before a federal appeals court against a U.S. Office of the Comptroller of the Currency (OCC) opinion letter stating...
NAII Chairman Urges Support for Modernization of State Regulation
Oct 31 2002 // National Association of Independent Insurers (NAII) chairman Tony Nicely wrapped up the 57th Annual Meeting in Los Angeles with an address urging the industry to continue their support of state regulation. “Since its...
Ohio Ins. Director Files 10th Brief in Auto Parts Dispute
Oct 30 2002 // Ohio Insurance Director Lee Covington has become the point man for insurance commissioners nationwide, who are worried about court decisions, usually involving class actions, that they feel trespass on their regulatory...
N.J. Lawmakers Urged to Pass Med-Mal Reform
Oct 29 2002 // The New Jersey Hospital Association is pressing legislators to approve legislation to alleviate the state’s medical malpractice liability crisis. Two measures, S-1902 and S-1977, are on the Committee’s meeting...
AAI Defends Federal Terror Bill in Letter to Editor
Oct 29 2002 // David Farmer, senior vice president of federal affairs for the Alliance of American Insurers, issued the following letter to the editor published in the Oct. 27 edition of the Washington (DC) Times newspaper. In it, he...
PIANY Lauds Court’s Upholding of No-Fault Fraud Regulations
Oct 28 2002 // The Professional Insurance Agents of New York State Inc. (PIANY) praised the Appellate Division, First Department Court in Manhattan for its unanimous decision on Wednesday to uphold new rules by the New York State...
Terrorism Deal for Real’
Oct 28 2002 // By the time this issue of Insurance Journal lands on your desk, federal lawmakers probably won’t have passed legislation that would provide a backstop for terrorism insurance. But they are very close. It’s...
Market Conduct Report Prompts Lawsuit Against Calif. Commissioner
Oct 28 2002 // The court felt that the allegations should be heard,” Cary Cheldin, president of Crusader Insurance Services in Woodland Hills, Calif., told Insurance Journal. Cheldin was referring to a lawsuit Crusader Insurance...
Insurance Scoring and Regulatory Modernization Top NAII’s National Agenda
Oct 28 2002 // As the 2003 legislative season dawns, insurance scoring is the lead issue for the National Association of Independent Insurers (NAII). Insurance coverage for mold is also a major concern in selected areas of the country,...
Candidates Make Last Pitch for Commissioner’s Office
Oct 28 2002 // While John Garamendi and Gary Mendoza figure to be the front-runners in the race for California Insurance Commissioner, they are not the only candidates on the ballot. Recently, Insurance Journal offered the three other...
Terrorism Deal for Real’
Oct 28 2002 // By the time this issue of Insurance Journal lands on your desk, federal lawmakers probably won’t have passed legislation that would provide a backstop for terrorism insurance. But they are very close. It’s...
Reinsurance and the Reaction to September 11
Oct 28 2002 // As I am writing this, President Bush is pushing Congress to consider the insurance terrorism bill that has been floating around Congress for months. When asked recently to describe what measures should be taken in order to...
Insurance Scoring, Regulatory Modernization Top NAII’s National Agenda
Oct 28 2002 // As the 2003 legislative season dawns, insurance scoring is the lead issue for the National Association of Independent Insurers (NAII), followed closely by regulatory reform. Insurance coverage for mold is also a major...
NAII Opposes Water Damage Claim Restrictions in Texas
Oct 25 2002 // A representative from the National Association of Independent Insurers (NAII) spoke in opposition to proposed regulation prohibiting the use of prior water damage claims in the underwriting or rating of residential...
Pa. Med-Mal Crisis Deepens
Oct 23 2002 // A new poll commissioned by the The Hospital & Healthsystem Association of Pennsylvania (HAP) and the Pennsylvania Medical Society has found that four out of 5 Pennsylvanians consider malpractice jury awards “out...
