Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Prosecutor Says Colorado Marijuana Laws Too Loose, Jeopardize Safety
Oct 5 2018 // Colorado’s system for regulating marijuana has too many loopholes that disguise illegal activity and jeopardize public safety, a federal prosecutor said, detailing his motivation for boosting scrutiny in the first...
Randall & Quilter to Acquire Coffey Group’s Irish Captive
Oct 4 2018 // Randall & Quilter Investment Holdings Ltd. (R&Q) announced it has entered into an agreement to acquire Western Captive Insurance Company Designated Activity Company (WCIC) from the Coffey Group of companies in...
Judge Rules Racial Bias Claim Against Bank Must Go to Private Arbitration
Oct 4 2018 // A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a federal judge ruled on Wednesday. U.S. District Judge John Koeltl in Manhattan...
North Carolina Lawmakers Approve Florence Recovery Legislation, $57M in Funding
Oct 4 2018 // In a rare show of bipartisanship, the North Carolina legislature quickly approved Tuesday legislation described as financial and policy down payments on what’s expected to be a long, expensive recovery from Hurricane...
A U.S. Privacy Law Could Be Good for Google, but Bad for You
Oct 3 2018 // U.S. Congress is taking the first steps toward setting national rules governing how companies use consumers data – although one of its goals might be to prevent states from enacting stronger privacy protections of...
UK Financial Services Regulations Unlikely to Be Relaxed After Brexit: KPMG
Oct 3 2018 // KPMG expects Britain to ignore calls to loosen banking rules after Brexit and said in a report on Wednesday it may even become tougher with measures to protect consumers and defend its financial stability from cyber...
2 Recent Florida Supreme Court Rulings Could Impact Insurance Industry
Oct 2 2018 // Two recent decisions from the Florida Supreme Court that reversed rulings by the same District Court of Appeal will have a serious impact on the insurance industry. The consequential rulings came on Sept. 20, 2018 in the...
Texas Coastal Lawmakers Urge Denial of Windstorm Insurer’s 10% Rate Increase Request
Oct 1 2018 // More than 20 state legislators have signed a letter addressed to Texas Insurance Commissioner Kent Sullivan requesting that a 10 percent rate increase filed by the state’s property insurer of last resort for wind and...
South Carolina Supreme Court Rules Safety Trumps Jurisdiction in DUI Case
Oct 1 2018 // South Carolina’s highest court has ruled a woman’s DUI charge shouldn’t be dismissed because her car crashed a few feet outside the city whose officer detained her. Jennifer Lynn Alexander was found...
South Carolina Issues Emergency Order to Insurers, Updates Hurricane Florence Data Call
Oct 1 2018 // The South Carolina Department of Insurance has issued two Hurricane Florence-related notices to all property and casualty insurers doing business in the state. SCDOI Director Ray Farmer issued an emergency regulation Sept....
New York DFS Issues Final Reg Requiring Insurers to Include Formulary Exception
Oct 1 2018 // The New York Department of Financial Services (DFS) is taking new actions to address the opioid crisis in New York State. DFS issued a final regulation requiring insurers to include a formulary exception process for...
Australia’s Financial Institutions Put Profit over Customers, Mis-Sold Insurance: Inquiry
Sep 28 2018 // Australia’s big banks and wealth managers pursued profit ahead of their customers’ interests and saw regulatory compliance as a cost rather than a guide to proper conduct, a scathing interim report from a...
Drone Hobbyists May Soon Lose Their Freedom from Regulation
Sep 28 2018 // The Wild West days of unregulated recreational drones may be nearing an end. A bill close to passage in Congress would repeal the current exemption for hobbyists from regulations and for the first time require them to take...
What States Have Done, and Not Done, About Guns
Sep 28 2018 // Shortly after last year’s shooting massacre on the Las Vegas strip, Ohio Gov. John Kasich convened a panel to explore possible reforms to state gun laws. A Republican, Kasich wanted to be sure its members clearly...
Court Rules Cryptocurrencies Fall Under Commodities Regulator
Sep 27 2018 // A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My...
Lawsuit Blaming Schools for Bullying, Suicide Can Proceed in Ohio, Judge Says
Sep 26 2018 // A wrongful death lawsuit accusing an Ohio school district of denying and covering up bullying of an 8-year-old boy who killed himself will be allowed to proceed. A federal judge on Sept. 24 denied Cincinnati Public...
Congress on Track to Double Size of U.S. Overseas Investment Agency
Sep 26 2018 // The head of the main U.S. agency for aiding developing country infrastructure projects said on Monday the ability to extend funding for such investments is expected to double if new legislation is approved by the U.S....
U.S. Safety Agency Targets Pilot Fatigue with Technology, Stricter Work Rules
Sep 26 2018 // U.S. accident investigators probing a San Francisco incident last year in which a jetliner was mere feet from landing on top of at least one other plane are poised to recommend new automated safety warnings and better...
Judge Declares Mistrial in California J&J Talcum Cancer Case
Sep 25 2018 // Johnson & Johnson’s latest trial over claims that its baby powder causes cancer ended in a stalemate when jurors couldn’t agree on a verdict. A state judge in Pasadena, California, declared a mistrial...
UK Labour Party Sees 2nd Referendum as Way to Avoid Chaotic No-Deal Brexit
Sep 25 2018 // The U.K. opposition Labour Party plans to vote down Theresa May’s divorce agreement with the European Union, and sees a second referendum as a way of avoiding a chaotic no-deal Brexit. Labour’s Brexit spokesman...
