Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Judge Again Rules Against $200M Raid on Pennsylvania Insurance Surplus
Dec 21 2018 // A federal judge is again ruling against Pennsylvania legislation that would take at least $200 million from a state-chartered medical malpractice insurer of last resort. U.S. District Judge Christopher Conner said the...
California DMV Previews New Motor Vehicle Laws Coming in 2019
Dec 20 2018 // The California Department of Motor Vehicles this week issued a reminder of new laws or changes to existing laws going into effect Jan 1, 2019 that motorist and auto insurance professionals should be aware of. The new laws...
Cryptocurrency Industry Says Inadequate Insurance Deters Investors
Dec 20 2018 // Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be...
Cryptocurrency Industry Struggles to Buy Insurance, Hindering Growth Goals
Dec 20 2018 // Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be...
Vullo to Step Down as New York Insurance Regulator; Gov. Cuomo Weighs Successor
Dec 20 2018 // Maria Vullo is stepping down as head of New York’s banking and insurance regulator, she said in an interview, after three years in which she created a national model for cybersecurity regulations at banks and fought...
Federal Judge Shuts Down North Carolina Nuisance Hog Farm Suit
Dec 20 2018 // A federal judge in North Carolina has shut down a lawsuit against a Smithfield Foods hog feeding operation by some neighbors who complained of odors, flies and noises. U.S. District Judge David Faber on Dec. 13 declared...
J&J Vows to Appeal After Judge Rejects Bid to Set Aside $4.7B Baby Powder Verdict
Dec 20 2018 // Johnson & Johnson failed to persuade a Missouri trial judge to set aside a July verdict awarding a record $4.69 billion to 22 women who blamed their ovarian cancer on asbestos in the company’s Baby Powder and...
Boy Scouts Face Insurance, Bankruptcy Challenges Over Sex Abuse Claims
Dec 20 2018 // It took Robb Lawson until he was 45 to finally confront a dark memory from his days as a Boy Scout. Lawson was a teenager at the time, a member of a troop in Georgia, picked to attend a wilderness challenge to win entry in...
Texas Lawmaker: Build Casinos on Coast to Subsidize Wind Insurance
Dec 18 2018 // A Texas lawmaker has proposed subsidizing the state’s underfunded windstorm insurance and flooding assistance by building casinos in coastal counties. State Rep. Joe Deshotel filed the bill on Dec. 7 to cover the...
Connecticut Insurance Commissioner Wade to Step Down
Dec 18 2018 // Connecticut Insurance Department Commissioner Katharine Wade plans to step down from her position on December 19, 2018. Connecticut’s incoming Governor-elect Ned Lamont, who is set to take office on January 9, will...
Effect of Judge Ruling Affordable Care Act Unconstitutional Delayed for Appeal
Dec 17 2018 // Obamacare was struck down by a Texas federal judge in a ruling that casts uncertainty on insurance coverage for millions of U.S. residents, drawing sharp condemnation from some medical professionals and a vow for action by...
Reuters Special Report: J&J Knew About Asbestos in Baby Powder for Decades
Dec 17 2018 // Darlene Coker knew she was dying. She just wanted to know why. She knew that her cancer, mesothelioma, arose in the delicate membrane surrounding her lungs and other organs. She knew it was as rare as it was deadly, a...
People
Dec 17 2018 // Frenkel & Company – an EPIC Company has hired risk management and insurance professional Michael Power as a principal. Power will be based in Frenkel’s New York, N.Y., office and report to Phil Remig, the...
Penn. High Court Rules Employer Has Duty to Safeguard Employees’ Personal Info
Dec 17 2018 // The Pennsylvania Supreme Court has ruled that an employer has a legal duty to use reasonable care in safeguarding its employees’ sensitive personal information stored on an internet-accessible computer. This vacates...
Connecticut Insurance Department Partnering with RiskGenius in Tech Pilot Program
Dec 14 2018 // The Connecticut Insurance Department is one of nine state insurance regulators participating in a pilot program to test a web-based platform that uses machine learning. The pilot states are partnering with RiskGenius, a...
Massachusetts Lawmakers Grill Natural Gas Execs After September Explosions
Dec 14 2018 // Natural gas companies in Massachusetts are compromising safety by increasingly turning to outside contractors for pipeline work while cutting back on staff that would oversee these projects, state lawmakers said Tuesday at...
Florida Judge Rules Deputy Had Duty to Protect in Parkland School Shooting Suit
Dec 14 2018 // A judge has rejected a deputy’s claim that he had no duty to confront the gunman during the school shooting in Parkland, Florida. Refusing to dismiss a lawsuit filed by the parent of a victim, Broward Circuit Judge...
New York Lawmakers Pledge to Change Laws That Enable Predatory Lending
Dec 13 2018 // New York legislators are pledging to change laws that have allowed predatory lenders to use the state court system to seize the assets of thousands of small businesses across the country. Brad Hoylman, incoming chairman of...
UK Fintech Startup Revolut Gets EU Banking License in Lithuania
Dec 13 2018 // Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of...
Current Congress Unlikely to Pass Federal Bill to Speed Up Driverless Vehicles
Dec 13 2018 // A landmark U.S. bill that would speed adoption of self-driving cars is now “a long shot” to pass before the current Congress adjourns in the coming weeks, a key Republican senator behind the legislation...
