Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
NAII Opposes Proposed Conn. Auto Repair Pricing Regulation
Oct 18 2002 // The National Association of Independent Insurers (NAII) has decried a proposed Connecticut Department of Motor Vehicle regulation that would allow auto dealers and repair shops to use a reference guide for calculating...
IIABA Applauds Agreement on Terrorism Insurance
Oct 18 2002 // The Independent Insurance Agents & Brokers of America (IIABA) is praising President George W. Bush’s leadership and commending Congressional leaders for uniting to reach an agreement on pending terrorism...
Allianz Chief Speaks Out on Accounting Standards
Oct 17 2002 // Allianz CEO Henning Schulte-Noelle outlined the range of activities necessary to establish worldwide measurements and regulations for effective corporate governance in a speech Wednesday night in Frankfurt at a dinner...
NAII Calls on Congress to Act on Terrorism Reinsurance Legislation Before Adjournment
Oct 16 2002 // If Congress adjourns without reaching a final agreement on terrorism reinsurance legislation, insurance markets for such coverage will continue to be plagued by availability and affordability issues, particularly for...
New Mexico Judge Upholds Lloyd’s Claims Against “Names”
Oct 15 2002 // Judge Lorenzo Garcia of the U.S. District Court in Albuquerque New Mexico has upheld the ruling of a U.K. court in favor of Lloyd’s claims for a total of $2.8 million from six American investors, or...
Michigan Insurance Commissioner to Share Insights on Insurance Scoring
Oct 14 2002 // Commissioner Frank M. Fitzgerald of the Michigan Office of Financial and Insurance Services will discuss his findings on insurance scoring at a national workshop on urban insurance to be held Oct. 23-24 at the Hotel Monaco...
NAMIC Expands State Advocacy Resources
Oct 14 2002 // Responding to the reported frustrations of member companies burdened by the cost of state insurance regulation, the National Association of Mutual Insurance Companies (NAMIC) has named Marsha Harrison, formerly vice...
JUDGE RULES ‘ONE OCCURRENCE’ FOR TRIO OF SEPT. 11 INSURERS
Oct 14 2002 // A federal judge ruled Sept. 25 that the attacks on the World Trade Center last September resulted in “one occurrence” under a policy form used by a trio of insurers of the destroyed complex, according to a Dow...
JUDGE DISMISSES J.P. MORGAN FRAUD CLAIM
Oct 14 2002 // A federal judge has dismissed J.P. Morgan Chase & Co.’s fraud claim levied against 11 insurers, possibly derailing the company’s attempt to gather approximately $1 billion in losses resulting in trade...
Sleepless Nights for CEOs as they take the Blame for Poor Results
Oct 14 2002 // “Uneasy lies the head that wears a crown.” King Henry’s 15th century lament over his lack of sleep may well be shared these days by a number of 21st century CEOs, as investors call for their heads in the...
Alliance Comments on CA Privacy Developments
Oct 11 2002 // Even though the Legislature adjourned weeks ago without passing onerous privacy legislation, the Alliance of American Insurers continues working to address other ill-advised privacy measures in California. The most recent...
NAMIC Urges Conferees to Complete Action on Terrorism Reinsurance Program
Oct 10 2002 // In a letter hand delivered to all terrorism reinsurance conferees, the National Association of Mutual Insurance Companies (NAMIC) and two other industry trade associations stated the critical nature of terrorism...
Firm Adds Trio of Senior Transactional, Regulatory Lawyers
Oct 8 2002 // Sidley Austin Brown & Wood LLP has added three senior insurance transactional and regulatory lawyers to the firm’s New York office. Nancy Corbett has joined Sidley as a partner. Accompanying her as counsel are...
Pa. Hospital Association Applauds Med-Mal Legislation
Oct 8 2002 // The Hospital & Healthsystem Association of Pennsylvania (HAP) hailed House passage of a state Senate bill that would limit the practice of venue shopping by plaintiff attorneys, which seek to have medical malpractice...
FSA Confident AMP Will Meet Regulatory Requirements
Oct 7 2002 // The U.K.’s Financial Services Authority (FSA) is reportedly confident that Australian insurer AMP will meet regulatory requirements concerning its U.K.-based Pearl life and pension operation. According to a report...
EU Report Indicates U.K. Gov’t. May Not Have Properly Audited Lloyd’s
Oct 4 2002 // A preliminary draft of a report prepared for the European Commission apparently indicates that U.K. regulators failed to adhere to European Community regulations in auditing and oversight of Lloyd’s of...
NAII Calls Kansas Proposal on Third-Party Claims “Unnecessary, Illogical”
Oct 4 2002 // The NAII, in a letter to Kansas Insurance Commissioner Kathleen Sebelius, stated that proposed Kansas regulations requiring insurers to treat third-party property damage claims the same as first-party claims is...
