Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
IIABA, Business Leaders Talk with President Bush on Terrorism Coverage
Oct 3 2002 // Independent Insurance Agents & Brokers of America (IIABA) CEO Robert Rusbuldt, Senior Vice President of Government Affairs Maria Berthoud and two independent agents, along with business and union leaders, met with...
NAII Holds Legislative Briefings in Texas
Oct 2 2002 // The National Association of Independent Insurers (NAII) announced it is conducting a series of a series of educational briefings for Texas legislators and their staff to provide background information on how the insurance...
Proposed Producer Licensing Regulations would Hinder Calif. Policies
Oct 2 2002 // Proposed regulations in California that address exemptions for employees who make adjustments to insurance policies from general licensing requirements need to be stronger and broader. “Unlicensed customer service...
AAI Encouraged by President’s Stance on Terrorism Legislation
Oct 2 2002 // The Alliance of American Insurers reports it was encouraged by President George W. Bush’s strong stance on the need for federal terrorism insurance legislation earlier this week. “President Bush painted a very...
IIABA Pens Letter to U.S. Senate Chairman to Commend Pursuit of Terrorism Reinsurance Legislation
Oct 1 2002 // In a letter to the United States Senate and Chairman Paul Sarbanes, the Independent Insurance Agents & Brokers of America (IIABA) is commending the Chairman in seeking a quick resolution to the present terrorism...
FSA Sets Out Goals for U.K. Insurance Industry Regulation
Oct 1 2002 // The U.K.’s Financial Services Authority, which assumed regulatory control of the country’s insurers a year ago, issued a bulletin stating that its goals were to create more openness with regulators and...
Pres. Bush Tells Lawmakers to Agree on Terrorism Legislation Within 3 Days
Oct 1 2002 // Noting that time was of the essence, President Bush has given lawmakers three days to come to an agreement on legislation guaranteeing businesses affordable terrorism insurance, according to the Associated Press. Bush...
N.Y. Governor Signs Spousal Auto Liability into Law
Oct 1 2002 // New York Gov. George Pataki signed a bill into law Sept. 26 that enables the state’s drivers to sue their spouses and collect damages under joint auto liability coverage. The National Association of Independent...
Felony Charges May be in Store for Fla. Agents Selling Unlicensed Coverage
Oct 1 2002 // Stricter penalties go into effect October 1 in Florida for licensed insurance agents who sell unlicensed insurance policies. Those agents could face a felony charge and lose their license under a new law passed during the...
Calif. Gov. Approves Legislation to Better Manage Solvency of WC Insurers
Sep 30 2002 // California Governor Gray Davis (D) has signed two measures to improve how the California Department of Insurance regulates the solvency of workers’ compensation insurers, the American Insurance Association (AIA)...
NAII Applauds Missouri Judge’s Decision Blocking Workers’ Comp Regulation
Sep 30 2002 // The NAII lauded Missouri Circuit Judge Thomas Brown’s decision to grant the request of the state’s workers’ compensation insurers for a temporary injunction blocking the state Insurance Department from...
Corporate Members Approve a Major Course Change for Lloyd’s
Sep 30 2002 // Friday the 13th of September will henceforth be known at Lloyd’s as the day that members approved a plan that will radically alter the way the London market is conducted. Ignoring any bad luck associated with the...
Condition Critical: Med Mal Liability Markets in Dire Need of Rescuscitation
Sep 30 2002 // By now, it’s hardly an exaggeration that medical-malpractice liability insurance markets in several states are in crisis. As is the case with so many other insurance lines, the exodus of medical liability carriers...
Aiming For Common Sense in Homeowners Market
Sep 30 2002 // The past year has been a difficult one for homeowner’s insurance agents and consumers. Providers have faced spiraling claims costs, while consumers are outraged by rate hikes—leaving agents in the middle to handle...
Corporate Members Approve a Major Course Change for Lloyd’s
Sep 30 2002 // Friday the 13th of September will henceforth be known at Lloyd’s as the day that members approved a plan that will radically alter the way the London market is conducted. Ignoring any bad luck associated with the...
Condition Critical: Med Mal Market in Need of Resuscitation
Sep 30 2002 // By now, it’s hardly an exaggeration that medical-malpractice liability insurance markets in several states are in crisis. As is the case with so many other insurance lines, the exodus of medical liability carriers...
Silverstein Will Appeal Judge’s Sept. 25 WTC Ruling
Sep 27 2002 // World Trade Center leaseholder Larry Silverstein, who has argued that the Sept. 11, 2001 attacks on the property were two occurrences, has informed Judge John Martin that he will appeal a Sept. 25 ruling involving...
AIA Opposing Calif. Regulation on Proof-of-Insurance Cards
Sep 27 2002 // The California Department of Insurance (Department) lacks the statutory authority to mandate a single format for proof-of-insurance cards, according to the American Insurance Association (AIA). AIA formally expressed its...
Condition Critical: Med Mal Liability Markets in Dire Need of Resuscitation
Sep 26 2002 // By now, it’s hardly an exaggeration that medical-malpractice liability insurance markets in several states are in crisis. As is the case with so many other insurance lines, the exodus of medical liability carriers...
