Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
NAII Decries Bill Restricting Insurers’ Comments on Market Conduct Exams
Feb 13 2001 // The California Department of Insurance insists the goal of a proposed emergency regulation is to make sure that insurers use plain English on all posted market conduct exams, but according to the National Association of...
Full Speed to Market Initiatives Underway in 2001
Feb 12 2001 // The National Association of Insurance Commissioners announced today that Alabama, Arkansas, Indiana and Ohio will join the previously named states of Maine, Michigan, New York, Oregon, Pennsylvania and Texas for the...
NAPSLO Legislative Report: Surplus Lines Issues Covered at NAIC Meeting
Feb 12 2001 // NAPSLO Legislative Report: Surplus Lines Issues Covered at NAIC Meeting With the end of the year 2000 state legislative sessions and the U.S. Congress winding down its post-election lame duck session, legislative activity...
BANKING ACT BRINGS INSURER PROTEST
Feb 12 2001 // The Independent Insurance Agents of America (IIAA) and the National Association of Insurance and Financial Advisors (NAIFA) expressed opposition to the draft National Bank Act, which was recently proposed by the American...
INSURERS CITE DATA LIMITS
Feb 5 2001 // Four insurance trade associations have said they cannot supply data to federal safety regulators that will indicate whether certain passenger vehicles pose a potential danger to consumers. In a joint statement filed with...
Bank Proposal for Federal Insurance Oversight Opposed by Industry
Feb 1 2001 // The American Bankers Association Insurance Association has proposed the legislation that would effectively create two new federal charters – one for insurance companies and a second for insurance agencies – and...
IIAA Supports Bill to End Death Taxes
Feb 1 2001 // The Independent Insurance Agents of America expressed approval over the introduction in the U.S. House of Representatives of legislation to eliminate estate and gift taxes. IIAA is supporting the Death Tax Elimination Act...
New Lawsuit Filed Against Credit Lyonnais
Jan 31 2001 // A group of investors, whose bid for Executive Life was rejected in favor of Credit Lyonnais’ offer, have filed suit in L.A. Superior Court against the French Bank seeking $2 billion in damages for alleged fraud. The...
N.H. House Bill Addresses High Court Interpretation
Jan 30 2001 // A hearing will be held tomorrow in the House Commerce Committee on a bill sponsored by the National Association of Independent Insurers. The bill is designed to address issues raised by 1999’s controversial...
Conn. Court Rules for Travelers
Jan 30 2001 // The Connecticut Supreme Court ruled in favor of Travelers Casualty and Surety Co. and other insurers Monday, the Associated Press reports, concluding their policies did not obligate them to help pay thousands of...
New Law Requires Insurers to Provide Consumer Bill of Rights
Jan 30 2001 // A new law went into effect Jan. 1, 2001, requiring insurers to provide insureds with an Auto Body Repair Consumer Bill of Rights. All insurers that issue automobile liability or collision policies must distribute the...
Insurers Cite Data Limits on Vehicle Defects
Jan 26 2001 // Four insurance trade associations have said they cannot supply data to federal safety regulators that will indicate whether certain passenger vehicles pose a potential danger to consumers. In a joint statement filed last...
AIG Indian Joint Venture License Approved
Jan 24 2001 // American International Group announced that it has received approval from the Indian Insurance Regulatory and Development Authority to establish a joint venture with the Tata Group “to market commercial and personal...
Modernized Surplus Lines Regs Expected to Make Filing Easier
Jan 22 2001 // New surplus lines regulations went into effect in Texas on Dec. 12, 2000, the result of a request by the Surplus Lines Stamping Office of Texas. The changes mark the first update to the regulations in more than 10 years...
Judge OKs Amended Icahn Offer
Jan 16 2001 // A federal judge ruled Friday that investor Carl Icahn can proceed with his tender offer for a portion of Reliance Group Holding’s debt. The offer will be subject to several amendments, however. The offer must include...
Washington Insurance Commissioner Seeks to Resolve Past Political Bickering
Jan 16 2001 // Newly elected Washington Insurance Commissioner Mike Kreidler wants to regain some powers stripped away by lawmakers peeved at predecessor Deborah Senn, Knight Ridder/Tribune Business News service has reported. Kreidler...
Judge Blocks ICAHN Tender for Reliance Group Bonds
Jan 9 2001 // A federal judge on Monday temporarily blocked Carl Icahn from proceeding with his tender offer for bonds of Reliance Group Holdings Inc. Judge Alvin K. Hellerstein of the U.S. District Court for the Southern District of...
Minnesota Agents Association Floats Legislative Collective Bargaining Draft; Seeks Input
Jan 8 2001 // In 1900, Texas independent agents approved a plan to unionize. The plan eventually faltered at the national level, but now, more than a century later, Minnesota agents are floating a similar idea. The board of directors of...
A Legislative Preview for the 77th Session of the Texas Congress
Jan 8 2001 // Now that the presidential election saga has come to a close and a new governor and lieutenant governor are in place, the new guard at the Texas capitol has begun making decisions and appointments for the upcoming 77th...
Welcome to our First Ever
Jan 8 2001 // The demarcation between years always seems to take on a contemplative aspect. We look back to where we’ve been, and then look forward to weigh our expectations. Will the market continue to harden? Will the dot-coms...
