Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Oxley to Address IIAA National Legislative Conference
Jan 17 2002 // Congressman Michael G. Oxley, chairman of the House Financial Services Committee, will address 800 independent insurance agents and brokers at the 26th Annual Independent Insurance Agents of America (IIAA) National...
Legislation May Seek to Remedy Court Ruling on Personal Umbrella Policies
Jan 17 2002 // State legislators are expected to be asked to remedy an Alaska Supreme Court ruling that held personal umbrella policies are auto liability policies and therefore must offer uninsured/underinsured motorist coverage. The...
Tort Reform, Credit, Producer Licensing on Agenda for 2002 Ohio Legislative Session
Jan 16 2002 // According to the National Association of Independent Insurers (NAII), Ohio insurers are poised to actively participate in the 2002 Ohio Legislative session, during which insurance issues such as tort reform, credit and...
CAIFA, PIA Group Form ‘Broader, Wider, Deeper’ Lobbying Coalition
Jan 15 2002 // The California Association of Insurance and Financial Advisors (CAIFA) and the Professional Insurance Agents (PIA), two Sacramento-headquartered organizations that have worked together for years on legislative and other...
NAII Approves NH Insurer Confidentiality Bill
Jan 14 2002 // The National Association of Independent Insurers (NAII) has thrown its support behind pending legislation in New Hampshire designed to protect the confidentiality of insurance company audit information from third...
Without Terrorism Exclusions, Surplus Lines Insurers Hold Out Lifeline to Calif., N.Y. Businesses
Jan 14 2002 // AccordingSurplus lines insurers may offer hope for businesses to remain insured in those states, like California and New York, that are refusing to allow insurers to exclude terrorism risks in commercial insurance...
Senate Fails to Act on Federal Terrorism Reinsurance
Jan 14 2002 // During the first weeks of December, covering the story of whether or not Congress would pass a federal terrorism reinsurance bill before the year 2001 was out was pretty much a waiting game. At the time, most insurance...
NAFTA LEGISLATION GETS APPROVAL
Jan 14 2002 // The National Association of Independent Insurers (NAII) expressed its approval that HR 2299 (the Department of Transportation [DOT] and Related Agencies Appropriations Act, 2002 recently signed by President Bush) provides...
Senate Fails to Act on Federal Terrorism Reinsurance Bill
Jan 14 2002 // During the first weeks of December, covering the story of whether or not Congress would pass a federal terrorism reinsurance bill before the end of 2001 was pretty much a waiting game. At the time, most insurance industry...
Credit Reports, Privacy, Regulatory Modernization Top 2002 Legislative Agendas
Jan 10 2002 // Challenges to the use of credit scoring in underwriting and rating, and consumer privacy matters related to the Gramm/Leach/Bliley Act will top the insurance issues considered by state legislatures in 2002, according to a...
Bush Officials Seek Evidence of Insurance Turmoil
Jan 9 2002 // In a move to put together solid evidence of turmoil in the insurance and financial service markets, senior Bush administration officials privately called on business groups, stating it will be hard to win congressional...
Michigan Producer Licensing Bill Signed
Jan 8 2002 // Michigan Governor John Engler signed House Bill 5313, which enacts the National Association of Insurance Commissioners (NAIC) Model Producer Licensing Act and meets the producer licensing reciprocity requirements outlined...
Ohio Court Ruling a Victory for London Insurers
Jan 8 2002 // Lord, Bissell & Brook, a legal firm representing London Market Insurers in a lawsuit filed against the insurers by The B.F. Goodrich Company, announced that a Summit County, Ohio court has granted summary judgment and...
Calif. Won’t Adopt Terror Exclusions
Jan 8 2002 // According to a Jan. 7 Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been by approximately 20 other states in the wake of Sept. 11. The...
NAMIC Statement Regarding Optional Federal Charter Bill
Jan 7 2002 // On Dec. 21, Sen. Charles Schumer (D-N.Y.), introduced the National Insurance Chartering and Supervision Act, providing for the optional federal chartering, regulation and supervision of insurance companies and...
NAMIC Announces 2002 National State Legislative Agenda
Jan 1 2002 // Passage of rate modernization laws and opposition to proposals that would prohibit the use of consumer credit histories to develop insurance scoring models, are on the national state legislative agenda for The National...
California Motorists Face New Laws in 2002
Dec 31 2001 // California motorists will face a number of new state laws enacted this year, including laws supporting child passenger safety, according to the Automobile Club of Southern California. “Many of the new laws target...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Congressional Stalemate Could Slow Down Economic Recovery
Dec 24 2001 // The political stalemate that resulted in Congress’ failure to implement a federal terrorism insurance backstop could stifle an economic recovery and shifts the pressure for handling such risks to state regulators....
REGULATORY SYSTEM ANALYZED
Dec 24 2001 // The California system held up by a consumer group as a model for auto insurance regulation in fact may have kept California consumers from enjoying billions of dollars in premium reductions over the past decade....
