Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
What Banks Got, Did Not Get in Dodd Frank Rewrite Passed by Congress
May 23 2018 // Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs, Morgan Stanley and JPMorgan Chase, will not be breaking out the...
California Workers’ Comp Directors and Officers Cleanup Law Takes Effect July 1
May 22 2018 // A new law that enables corporate directors and officers owning at least 10 percent of a business to opt out of workers’ compensation coverage goes into effect on July 1. The law is intended to reduce the threshold of...
House Set to Vote on Dodd-Frank Rollback Today
May 22 2018 // U.S. lawmakers are set to give President Donald Trump a chance to make good on his vow to “do a big number” on the Dodd-Frank Act. Legislation set for passage by the Republican-dominated House this week is the...
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
May 22 2018 // Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s...
Supreme Court Backs Employers on Forced Arbitration, Limiting Employee Class Actions
May 21 2018 // A divided U.S. Supreme Court ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to press legal claims. The decision potentially limits the rights of tens of millions of...
California Legislation Aims to Clarify Mudslide Insurance
May 21 2018 // The California Senate has approved legislation that seeks to clarify homeowners’ insurance coverage following deadly mudslides near Santa Barbara. Insurance policies generally cover damage caused by fires but not by...
PG&E Judge Won’t Rule Out California Fire Cost Claim
May 21 2018 // PG&E Corp. suffered another legal setback with a judge saying he won’t release the company from a key legal claim over the most destructive wildfires in California history. PG&E has been challenging a...
Gun Lobby Seeks Lending Curbs on ‘Gun-Hating’ Banks
May 21 2018 // The U.S. gun lobby is taking aim at “gun-hating” banks after Citigroup Inc. and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists. The...
Data Privacy Risks as Digital Identity Moves to Biometrics, Blockchain
May 21 2018 // A retail store’s ability to authenticate customers by scanning their unique ear or retinal patterns may seem like something out of a sci-fi movie, but this type of identification technology isn’t...
Pennsylvania Governor Wolf Vetoes Workers’ Compensation Drug Formulary Bill
May 21 2018 // Pennsylvania Governor Tom Wolf has vetoed Senate Bill 936, which sought to amend the state’s Workers’ Compensation Act by establishing a formulary, or a list of prescription medications that could be prescribed...
California Commissioner Ran a Climate Change ‘Stress Test’ on Insurers
May 21 2018 // California Insurance Commissioner Dave Jones has run a “stress test” on the state’s largest insurers. Jones said during a press conference in May that he is the first U.S. financial regulator to conduct a...
House Rejects Farm Bill
May 18 2018 // The U.S. House of Representatives rejected a sweeping $867 billion farm bill on Friday after Republican leaders failed to appease conservative lawmakers who had asked them not to hold the vote until they were given the...
EPA Wants to Rescind Obama Chemical Plant Regulations
May 18 2018 // The U.S. Environmental Protection Agency took steps on Thursday to roll back and delay Obama-era rules aimed at improving safety at chemical plants, which had come in response to a 2013 explosion at a fertilizer plant in...
Insurers Urge Focus on Safety and Data Sharing in Autonomous Vehicles
May 18 2018 // While automated driving systems hold great promise to save lives and reduce crashes, the focus must remain on validating the safety of the technology every step of the way, according to the National Association of Mutual...
Costs for Some Speeding Tickets Going Down in Oklahoma
May 17 2018 // A new law going into effect in Oklahoma will cut the cost of a basic speeding ticket by more than half. The law, which goes into effect in early August and expires in November 2020, will reduce the cost of tickets issued...
Russia Delays Proposal to Criminalize Compliance with U.S Sanctions
May 17 2018 // Russian lawmakers on Thursday voted to postpone the second reading of a bill being discussed in the lower house of parliament that would make it a crime to comply with Western sanctions on Russia. The lower house said it...
Regulatory Climate Rated Top Emerging Risk in Latin America
May 17 2018 // While cyberattacks ranked as the most significant emerging risk for organizations around the world, the regulatory environment in Latin America ranked highest for risk professionals in that region according to the newly...
Judge Rules Anonymous Teens Can’t Take Part in NRA Suit Over Florida Law
May 16 2018 // A Florida judge denied the National Rifle Association’s request to have two 19-year-old gun enthusiasts anonymously join the group’s lawsuit challenging new age requirements for gun purchases. The NRA sued...
GDPR Insurance: Coverage for Fines Hard to Find But Other Non-Compliance Costs Insurable
May 16 2018 // The civil fines for non-compliance with the European’s new data privacy law can be steep but organizations across Europe should not expect to have their insurance cover them. Unless the business or organization is in...
You Can’t Just Say “Yes, There’s Coverage”
May 16 2018 // A couple of recent articles in Insurance Journal highlighted an important issue that exists in light of coverage and how hard it is to answer a question broadly. The problem (broadly) is that no two carriers’...
