Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
West Virginia Gov. Appoints Hunter Acting Insurance Commissioner
Feb 6 2019 // West Virginia Governor Jim Justice has appointed Erin K. Hunter as acting insurance commissioner for the state, effective Jan. 25, 2019. She takes over for Allan McVey who was appointed by Justice last month as Secretary...
Florida Insurance Commissioner Altmaier Elected VP of the NAIC
Feb 6 2019 // Florida Insurance Commissioner David Altmaier has been elected by members of the National Association of Insurance Commissioners (NAIC) to serve as vice president of the organization, effective immediately. Altmaier joins...
Lacewell Takes Over as New York DFS Superintendent Following Vullo’s Tenure
Feb 5 2019 // When Governor Andrew Cuomo of New York launched his statewide banking and insurance regulator several years ago, he picked an aggressive ex-prosecutor who’d spent years under his wing. Now, in naming his latest chief...
Lawmakers Need to Decide Nature of Texas Windstorm Insurer, Sunset Commission Says
Feb 4 2019 // To be the insurer of last resort for wind and hail insurance along the Texas coast — without state support and reliant on premium dollars and debt financing for funding, or to be a true insurance company that derives...
Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes
Feb 4 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
CAUTION: Safety U-Turn for Truckers with Animals
Feb 4 2019 // Hours of Service, Other Safety Exemptions for Livestock Haulers Raise Concerns Midwest Center for Investigative Reporting It was sometime around 4 a.m. on a cool, spring morning when James McGilvray lost control of his...
A Regulatory Sandbox for Insurtechs?
Feb 4 2019 // A Regulatory Sandbox is the title given to the concept that regular regulations should not apply to insurtech companies. The reasoning is that technology can provide a better consumer experience than traditional carriers...
People
Feb 4 2019 // AmTrust Financial Services announced leadership changes as it moves forward as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals. AmTrust announced...
Insurance Agents Assured of Trump Pass-Through Tax Break Under Final Treasury Rule
Feb 4 2019 // The U.S. Treasury issued final regulations and other guidance on a provision of the Tax Cuts and Jobs Act that allows owners of sole proprietorships, partnerships, trusts, and S corporations to deduct up to 20 percent of...
States’ Power Grab to Ease Food Laws Emerges as Public Health Issue
Feb 4 2019 // In recent years, more than a dozen states have passed laws limiting local governments’ ability to create food and nutrition policies and more than two dozen states previously enacted laws preventing obesity-related...
Michigan Senate GOP: Cutting Car Insurance Rates a Priority
Feb 4 2019 // Michigan Senate Republicans have proposed legislation that would make it optional for Michigan drivers to buy what is now mandatory unlimited medical coverage. Senate Bill 1 was the first to be introduced by GOP senators...
Final Implementation Deadline Approaching for New York’s Cybersecurity Regulation
Feb 1 2019 // The final implementation period for the New York Department of Financial Services’ (DFS) cybersecurity regulation covering DFS-regulated entities and licensed individuals ends March 1, 2019. New York’s...
Trump Plan to Curb Drug Prices Targets Rebates to Pharmacy Benefit Managers
Feb 1 2019 // The Trump administration proposed ending a complex system of drug rebates that influence tens of billions of dollars in U.S. pharmaceutical spending, a move that could upend the relationship between drugmakers and pharmacy...
Judge Says PG&E Has ‘Clear-Cut’ Pattern of Starting Wildfires
Jan 31 2019 // A federal judge who has emerged as a vocal critic of PG&E Corp.’s safety record, said the California utility giant has a “clear-cut pattern” of starting wildfires and needs “strong...
Judge Nixes $50 Million Yahoo Email Breach Settlement
Jan 31 2019 // A U.S. judge rejected Yahoo’s proposed settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history, faulting the Internet services...
A Look at PG&E’s Rapid Fall After California Wildfires
Jan 30 2019 // On an unusually warm day in northern California, hot and dry winds whipped through the Sierra Nevada foothills northeast of San Francisco. It was Thursday, Nov. 8, and a “red-flag warning” from the National...
Massachusetts Judge Says More Details in Purdue Pharma Case Must Be Released
Jan 30 2019 // A Massachusetts judge says more details contained in a lawsuit that accuses the maker of OxyContin of deceiving patients and doctors about the risks of opioids must be made public. Suffolk Superior Court Judge Janet...
Judge Seeks to End Standoff Over NTSB Access to Crashed Limo in New York
Jan 30 2019 // Federal safety inspectors went to court to remove a roadblock in their investigation of a limousine crash that killed 20 people nearly four months ago. Schoharie County Judge George Bartlett heard arguments Tuesday over...
UK Parliament Asks Prime Minister to Reopen Brexit Divorce Negotiations
Jan 30 2019 // British lawmakers on Tuesday instructed Prime Minister Theresa May to reopen a Brexit treaty with the European Union to replace a controversial Irish border arrangement – and promptly received a flat rejection from...
Judge Denies Monsanto Bid to Block Certain Evidence from Roundup Trials
Jan 29 2019 // A federal judge overseeing lawsuits alleging Bayer AG’s glyphosate-based Roundup weed killer causes cancer on Monday tentatively allowed pieces of controversial evidence that the company had hoped to exclude from...
