Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
China Eyes Allowing Foreign Insurers to Own Local Joint Ventures: Sources
Nov 19 2018 // China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge...
Judge Says Tennessee Waffle House Shooting Suspect Liable in $100M Death Suit
Nov 19 2018 // A judge says the man charged with killing four people at a Tennessee Waffle House is liable in a $100 million wrongful death lawsuit filed by a victim’s mother. News outlets report a Davidson County Circuit Court...
The Hits Keep Coming: More Transitional Cybersecurity Requirements in New York
Nov 19 2018 // It has been more than a year and a half since the New York Department of Financial Services’ cybersecurity regulations (cyber rules) came into effect, and yet another compliance deadline has passed. Broadly,...
UK Prime Minister Defiantly Battles to Save Brexit Divorce Deal – and Her Job
Nov 16 2018 // British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government on Friday as she fought to save a draft European Union divorce deal that has stirred up a plot to force her out of her...
Arkansas Deputy Insurance Commissioner Anderson Receives NAIC Award
Nov 16 2018 // Mel Anderson, deputy commissioner at the Arkansas Insurance Department (AID), has received the Robert Dineen Award for Outstanding Service and Contribution to the State Regulation of Insurance from the National Association...
California Judge Sets Date for Next Next Monsanto Cancer Trial
Nov 16 2018 // A California judge has granted an expedited trial in the case of a California couple suffering from cancer who sued Bayer AG’s Monsanto unit, alleging the company’s glyphosate-containing weed killer Roundup...
Deutsche Bank, BofA, JPM Drawn into Danske Money Laundering Probe: Sources
Nov 16 2018 // Deutsche Bank AG and Bank of America Corp. have been contacted by U.S. criminal investigators for information about transactions they handled for a small bank branch in Estonia that’s at the center of one of the...
Massachusetts Lawmakers Set Hearings on Natural Gas Disaster
Nov 16 2018 // The Massachusetts Senate has scheduled two oversight hearings next month on issues stemming from the September natural gas explosions and fires in three communities. Senate leaders say the first hearing, planned for Dec. 4...
New Jersey Court Ruling Could Erase 20K Drunken Driving Convictions
Nov 15 2018 // A ruling issued Tuesday by the New Jersey Supreme Court could cause more than 20,000 drunken driving convictions to be vacated. The justices unanimously found that criminal charges pending against a state police sergeant...
U.S. Multinationals Flee No-Tax Caribbean Havens, in Favor of Low-Tax Havens
Nov 15 2018 // Many U.S. multinational corporations have packed up or are choosing to open subsidiaries in low-tax, rather than no-tax, countries that are seen as more legitimate than the formerly popular island destinations of the...
How Insurance Industry Might React to ‘New Normal’ of California’s Historic Wildfires
Nov 13 2018 // The “new normal” for California has yielded another year of record wildfires and billions of dollars in insured losses. Homeowners insurance rates inch up in high risk areas, and carriers get more cautious...
Will California See More Laws and Regulations in Wake of Wildfires?
Nov 13 2018 // Powered by InsuranceJournal.tv Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws and regulations in their wake as Legislators and...
UK, EU Agree on Draft Brexit Divorce Deal with More Hurdles to Come
Nov 13 2018 // Britain struck a draft divorce deal with the European Union after more than a year of talks, thrusting Prime Minister Theresa May into a perilous battle over Brexit that could shape her country’s prosperity for...
Anxious Farmers Look to Lame Duck Congress to Pass Safety Net Farm Bill
Nov 13 2018 // U.S. soybean farmer Mike Schlosser does not expect President Donald Trump’s trade war with China, the single biggest headwind to his business, to end any time soon. But he is among many in farm country who expect at...
Former AIG Employees Win UK Court Ruling over $100M in Back Bonuses
Nov 13 2018 // A group of former employees at American International Group Inc. won a U.K. court ruling that may pave the way for them to be paid $100 million in bonuses dating back to the financial crisis. The 23 former traders,...
California Utilities Face Potential of Billion Dollar Wildfires Year After Year
Nov 13 2018 // California utilities are facing the very real possibility that billion-dollar blazes could become an annual occurrence, and they don’t know how to pay for them. Shares of the state’s two largest utilities...
SEC to Revisit ‘Proxy’ Voting Favored by Investors Raising Social, Climate Issues
Nov 9 2018 // The U.S. securities regulator is set to review this month rules on corporate democracy, setting it up for a clash with investors who worry the agency will side with companies to diminish voting rights on charged issues...
Arkansas Plant Board Reviewing EPA Decision on Dicamba Herbicide
Nov 8 2018 // The Arkansas State Plant Board (ASPB), a division of the Arkansas Agriculture Department (AAD), announced it has begun the process of reviewing the announced EPA label changes for the herbicide dicamba and will be...
Judge Rules for Insurer Employer’s Mutual in Nebraska Wrongful Conviction Case
Nov 5 2018 // A Nebraska judge has ruled that an insurance provider doesn’t have to cover the legal debt of a Nebraska county that wrongfully convicted six people in a 1985 rape and murder. Lancaster County District Judge Jodi L....
South Carolina Insurer Data Security Law Should Be Nationwide Role Model
Nov 5 2018 // In October 2017, the National Association of Insurance Commissioners (NAIC) adopted the Insurance Data Security Model Bill, also known as the NAIC “Model Law.” NAIC’s “Model Law” seeks to...
