Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
The Big ‘I’ Goes to Washington
May 21 2001 // It was a new year, a new administration, and a new round of visits on Capitol Hill. Although not as critical a legislation year as past years, the issues remained as pressing as ever, and the 800 attendees of the 25th...
AIA Blasts Decision Ore. Supreme Court Ruling
May 16 2001 // According to the American Insurance Association (AIA), the decision handed down by the Oregon State Supreme Court in Smothers v. Gresham Transfer, Inc. will undermine the exclusive remedy clause, a cornerstone of the...
Info-laden Site Helps Texas Agents
May 14 2001 // When I bought my minivan, I refused to buy it from my local dealership. The reason? The local sales rep added no value to my sales transaction. He was satisfied in having me or a rep from another dealership do all of the...
UTAH CREDIT SCORING LAW TAKES EFFECT
May 13 2001 // Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts took effect May 6. The state Insurance Department had asked insurers to comment on...
Legislation Gains Praise From Chubb CEO
May 10 2001 // The introduction of the Reinsurance Tax Equity Act of 2001 gained praise from Dean R. O’Hare, chairman and CEO of The Chubb Corporation. Following introduction by Reps. Nancy Johnson (R-Conn.) and Richard Neal...
House Subcommittee May Move Privacy Bill Forward
May 8 2001 // As the U.S. House of Representatives Government Efficiency, Financial Management and Intergovernmental Relations Subcommittee prepares to mark up privacy legislation, the Alliance of American Insurers reiterated its...
Nevada Legislation Targets Fraud Rings
May 7 2001 // Nevada’s Senate Commerce and Labor Committee approved two bills designed to discourage insurance fraud rings from setting up shop in the state. According to the Associated Press, one of the goals of AB 135 is to make...
CALIF. COMMITTEE APPROVES LOW-COST AUTO LEGISLATION
Apr 29 2001 // 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 Names Legislative and Regulatory Counsel
Apr 27 2001 // The National Association of Mutual Insurance Companies (NAMIC) named Peter A. Bisbecos as Legislative and Regulatory Counsel. NAMIC believes the appointment of Bisbecos will complement its ongoing lobbying in state...
Missouri Approves Producer Licensing Bill with Exemptions
Apr 26 2001 // The Missouri House Insurance Committee recently passed a version of the insurance producer licensing bill. The bill contained compromised language exempting employees who are not engaged in sales. Ann Weber of the National...
Sheffey Encourages Insurance Regulators to
Apr 25 2001 // Steve Sheffey, counsel for Allstate Insurance Company, informed insurance regulators at an April 24 speech in Scottsdale, Ariz., that they need to keep pace with gains in the technology field by forming regulation that...
Amwest Continues Discussions with Bank, Reinsurer
Apr 19 2001 // Calabasas, Calif.-based Amwest Insurance Group Inc. stated that it is seeking the necessary regulatory approvals for two previously announced transactions. These include reaching an agreement with its reinsurer to provide...
IIAA Expresses Approval of Producer Licensing Reform Progress
Apr 18 2001 // The Independent Insurance Agents of America (IIAA) expressed its approval of the efforts made by a number of states to enact licensing reforms. IIAA State Government Affairs Committee Chairman Ronald A. Smith emphasized...
Insurers Sound Off About Rate & Form Filing
Apr 16 2001 // In the summer of 2000, a survey on rate and form filings procedures implemented by state insurance departments was sent to the National Association of Independent Insurers (NAII) membership. This survey was conducted in...
IIAA Endorses U.S. House Anti-Fraud Bill
Apr 10 2001 // The Independent Insurance Agents of America is endorsing a House proposal that would empower state insurance commissioners and all financial regulators to better coordinate the fight against financial fraud, says IIAA...
IIAA Names New CEO
Apr 10 2001 // The Independent Insurance Agents of America (IIAA), announced that Robert A. Rusbuldt is the new CEO of the association. Rusbuldt succeeds Paul A. Equale, who is leaving IIAA to focus on his role as chairman of the...
Insurers Sound Off About Rate & Form Filing
Apr 9 2001 // In the summer of 2000, a survey on rate and form filings procedures implemented by state insurance departments was sent to the National Association of Independent Insurers (NAII) membership. This survey was conducted in...
Workers’ Comp Reform: Ten Years from Ground Zero
Apr 2 2001 // It’s been 10 years since legislation revamp the Texas workers’ comp system. Most insurers, regulators and legislators agree that the system has improved dramatically, but they also say there is still room for...
It’s All in the Execution for Doomed OSHA Regulations
Apr 2 2001 // To the relief of employers and insurers, Congress overturned the ergonomic regulations adopted by OSHA last year. Despite all the caterwauling about the ergonomic regulations adopted by OSHA in November 2000, I think they...
Bush Signs Federal Ergonomics Repeal; Draws IIAA Praise
Apr 2 2001 // Independent agents are hailing the finality of freeing small businesses from costly federal ergonomics rules following President Bush’s signing of a measure to repeal them, said Independent Insurance Agents of...
