Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
IIC Award-Winner Warns: Terrorism Cover No Panacea, U.S. Regulation Out of Step
May 3 2002 // New York—The insurance business needs help in the form of terrorism coverage, but it’s no panacea, warns Robert V. Mendelsohn, the American Chief Executive of London-based Royal & Sun Alliance Insurance...
Minn. Lawmakers Approve “Sole Basis” Restrictions on Use of Credit Scores
May 1 2002 // Insurers will not be able to use a consumer’s credit history as the sole basis for underwriting decisions under a bill approved recently by the Minnesota State Legislature, according to the American Insurance...
Is the Texas Personal Auto Market Another Homeowners in the Making’
Apr 29 2002 // The personal automobile insurance market in Texas may not be approaching the crisis level at which the homeowners market currently finds itself, but signs indicate that it may be in for a rough ride. According to the Texas...
Giving Credit Where Credit is Due
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has every heaped upon the consumer. Insurance companies, consumer advocates and regulators just...
Giving Credit Where Credit Is Due
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has ever heaped upon the consumer. Insurance companies, consumer advocates and regulators just cannot...
CALIF. COMMITTEE APPROVES LOW-COST AUTO LEGISLATION
Apr 29 2002 // A California insurance committee has approved legislation that would indefinitely extend the state’s experimental low cost auto insurance program and could drive up the number of underinsured motorists, according to...
NAMIC Publishes State Laws and Legislative Trends Report
Apr 23 2002 // The National Association of Insurance Companies (NAMIC) has published a State Laws and Legislative Trends report on the “Use of Credit History by Insurance Companies.” The NAMIC analysis shows: Prior to 2002,...
IBA West Summarizes Issues Future Commissioner Will Face
Apr 22 2002 // IBA West recently outlined the major issues the successful candidate for California Insurance Commissioner will face in the coming years and outlined its goals for the future of insurance regulation in the state. IBA West...
Mo. House Rejects Governor’s Amendments to Credit-Based Score Legislation
Apr 18 2002 // The Missouri House rejected amendments pushed by Gov. Bob Holden April 15 that would have seriously impaired insurers’ use of credit-based insurance scores. The House is expected to take a final vote later this week...
Trio of Workers’ Comp Bills Aim to Aid Employers
Apr 18 2002 // Three bills (AB 1808, 1809, 2611) geared toward helping employers with workers’ compensation have been introduced in the California Legislature, according to the San Francisco Chronicle. Written by Assemblyman Keith...
Ohio Gov. Signs Agent Licensing Bill
Apr 17 2002 // The Ohio Department of Insurance announced that Governor Bob Taft signed Senate Bill 129, legislation crafted to streamline the insurance agent licensing process in Ohio. Sponsored by Senator Scott Nein (R-Middletown), ODI...
Neb. Advises Insurers, Banks on Terror Responsibilities
Apr 17 2002 // The Nebraska Department of Insurance recently issued instructions to insurers and banks regarding their responsibilities under the USA Patroit Act of 2001, “Uniting and Strengthening America by Proving Appropriate...
NAMIC Supportive of Small Company Tax Exemption Legislation
Apr 17 2002 // Senator Christopher Bond, R-Mo., introduced S. 2084 last week, a bill to amend the Internal Revenue Code of 1986 to clarify the tax exemption for small property and casualty insurance companies. Monte Ward, Federal Affairs...
Underground Storage Tanks: Word Leaks Out on Cover Enforcement
Apr 15 2002 // Owners and operators of underground petroleum storage tanks are a diverse lot—from global juggernauts such as ExxonMobil, Texaco, and Shell Oil to mom-and-pop gas stations. But all underground storage tank (UST)...
Agents Oppose Proposed Increase for Driving Record Fees
Apr 15 2002 // By allowing this increase, the Department of Motor Vehicles (DMV) will be allowing an unnecessary burden on the California public, who would, eventually, be the ones paying for the increase.” Those were the...
Mike Oxley Says “Vibes” Are Good for Terrorism Backup
Apr 12 2002 // WASHINGTON, D.C.—The chairman of the powerful House Financial Services Committee said here April 11 that he likes the chances for eventual passage of a federal government backup for terrorism insurance. Rep. Mike...
Ill. Senate Passes Red Light Camera Legislation
Apr 11 2002 // Legislation designed to reduce the high rate of automobile accidents caused by red light violations recently passed the Illinois Senate. Senate Bill 2159 permits municipalities and counties to install red light cameras...
BOMA International President Joins Call for Terrorism Insurance Legislation
Apr 11 2002 // BOMA International President Sherwood Johnston, III, who met earlier this week with President George W. Bush and other business leaders to discuss the federal government’s role in addressing the unavailability of...
NJ Industry and Consumer Groups Launch Campaign for Auto Insurance Reform
Apr 9 2002 // Insurance industry and consumer groups have joined together to launch an extensive advertising campaign aimed at building support for their efforts to bring about reforms in New Jersey’s automobile insurance...
NY’s Serio Sees Federal Auto Fraud Bill as Supporting State Efforts
Apr 9 2002 // New York’s Superintendent of Insurance Gregory V. Serio applauded Senator Schumer (D-NY) for his proposals on “federal legislation to help curb auto insurance fraud,” and urged him to focus on the...
