Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
NAII Says Colo. No-Fault Regulation Would Not Allow Pre-Authorization Requirement for Medical Care
Aug 16 2002 // A proposed Colorado regulation would prohibit auto insurers from requiring pre-authorization before someone injured in an auto accident receives medical treatment under the state’s no-fault insurance law, according...
Wash. Begins Adopting Credit-Scoring Regulation
Aug 15 2002 // Washington State Insurance Commissioner Mike Kreidler has begun the process of adopting a regulation to implement the new law restricting insurers’ use of credit-based insurance scores. He hopes to adopt a final rule...
NAII Says Iowa Privacy Regulations Would Penalize Single Infractions
Aug 14 2002 // Under Iowa’s proposed regulation on consumer privacy, an insurer could be penalized for a single instance of failing to comply with its requirements, according to the National Association of Independent Insurers...
IIABA’s Soto Chosen as Panelist for Bush Economic Forum
Aug 13 2002 // Alex Soto, a member of the Independent Insurance Agents & Brokers of America’s (IIABA) Executive Committee, will participate in a White House-led economic forum hosted by President Bush and Vice President Cheney...
AAI Supports Newly Revised HHS Medical Privacy Regulations
Aug 13 2002 // The Department of Health and Human Services struck the right balance between privacy and practicality concerns in revising its medical privacy regulations, according to the Alliance of American Insurers. HHS announced Aug....
S&P’s Publishes Enhanced Criteria in Analyzing Eligibility of New Classes of Hybrid Capital
Aug 13 2002 // Standard & Poor’s has published enhanced criteria for analyzing the eligibility of new classes of hybrid capital issued by insurers and banks. The article, “Mandatory Convertibles: New Hybrid Capital...
IIABA Hails NAIC State Licensing Certifications
Aug 12 2002 // The National Association of Insurance Commissioners (NAIC) preliminary determination that 35 states are in compliance with Gramm-Leach-Bliley Act (GLBA) licensing provisions is very positive news, although agents and...
Labor Secretary Affirms Bush Support on Health Legislation
Aug 8 2002 // U.S. Secretary of Labor Elaine Chao has affirmed the Bush administration’s support for legislation permitting small employers, working through trade associations, to jointly acquire health insurance for their...
Maine Supreme Court Rules Against Diminished Value Concept
Aug 8 2002 // According to the National Association of Independent Insurers (NAII), The Maine Supreme Judicial Court handed another victory to the insurance industry in a recent ruling where it rejected the diminished value...
Judge Dismisses N.D. Crop Lawsuit
Aug 7 2002 // A judge in Fargo, N.D. dismissed a lawsuit against the U.S. Department of Agriculture over the agency’s cancellation of a type of federal crop insurance for durum wheat last year. According to the Associated Press,...
NAII Says Capping Med Mal Damages Key to Stabilizing Market
Aug 6 2002 // A bill that passed the Nevada Legislature during a special legislative session last week should curb excessive litigation, which will help restrain increases in the cost of medical malpractice insurance and improve the...
New Florida Insurer of Last Resort Now in Operation
Aug 6 2002 // Florida Treasurer and Insurance Commissioner Tom Gallagher announced that Citizens Property Insurance Corporation (Citizens) has taken over as the state’s insurer of last resort for consumers unable to obtain...
Community Investment Reporting and theIndustry – “CRA” California Style
Aug 5 2002 // With the recent spotlight being placed on the 25th anniversary of the federal Community Reinvestment Act (CRA), legislation enacted in 1977 which requires banks to increase their investments and loans to low income...
AIA LIKES NCOIL’s MOVES IN STATE REGULATION
Aug 5 2002 // According to the Alliance of American Insurers (AAI), the National Conference of Insurance Legislators (NCOIL) took a giant step toward improving uniformity in state regulation by formally adopting model legislation based...
Disparities Between House, Senate Bills Hold Up Terrorism Backstop
Aug 5 2002 // The U.S. insurance industry must have breathed a collective sigh of relief recently, when the Senate approved terrorism insurance backstop legislation after months of debate and delay. But now legislators must reconcile...
Safeguarding Customer Privacy Creates New Issue for States
Aug 5 2002 // Insurance associations have been abuzz the past couple of weeks with regard to impending changes and new proposals to privacy regulations under Congress’ Gramm-Leach-Bliley Financial Modernization Act (GLB). Each...
AIA LIKES NCOIL’s MOVES IN STATE REGULATION
Aug 5 2002 // According to the Alliance of American Insurers (AAI), the National Conference of Insurance Legislators (NCOIL) took a giant step toward improving uniformity in state regulation by formally adopting model legislation based...
Community Investment Reporting and theIndustry – “CRA” California Style
Aug 5 2002 // With the recent spotlight being placed on the 25th anniversary of the federal Community Reinvestment Act (CRA), legislation enacted in 1977 which requires banks to increase their investments and loans to low income...
Top Three Texas Residential Insurers Under Investigation
Aug 5 2002 // Responding to moves by Farmers Insurance Company to further restrict coverages in homeowners policies it will write in the state, Insurance Commissioner Jose Montemayor expanded the state insurance department’s...
Safeguarding Customer Privacy Creates New Issues for States
Aug 5 2002 // Insurance associations have been abuzz the past couple of weeks with regard to impending changes and new proposals to privacy regulations under Congress’ Gramm-Leach-Bliley Financial Modernization Act (GLB). States...
