Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Brexit Cost Implications to Weigh on UK Re/Insurers: A.M. Best Report
Jan 20 2017 // The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not anticipate taking any rating...
Soft Market Is Main Factor Limiting Growth of UK MGAs: Survey
Jan 20 2017 // Soft market conditions have replaced regulation and compliance as the main factor affecting growth for UK managing general agents (MGA) in 2017, said a survey of members of the London-based Managing General Agents’...
Court Upholds Blankenship Conviction Over Fatal West Virginia Mine Blast
Jan 20 2017 // A federal appeals court on Thursday rejected former Massey Energy Co Chief Executive Officer Donald Blankenship’s bid to overturn his conviction and one-year prison sentence related to his role in a 2010 West...
Oklahoma Lawmaker Proposes Changes to Personal, Corporate Income Taxes
Jan 19 2017 // Oklahoma State Rep. Jason Dunnington has filed legislation that he says would generate more than $500 million in recurring revenue. Oklahoma is facing severe budget constraints, partly due to reduced energy industry...
Trade Group: Workers’ Comp Reform Among Key Issues for Illinois Insurers
Jan 19 2017 // Workers’ compensation, commercial insurance purchasing rules and auto insurance verification are among key challenges for insurers in Illinois legislative session, a national insurance trade organization...
Oklahoma Commissioner Touts Microinsurance, Other Ideas for Health Law Reform
Jan 19 2017 // Oklahoma Insurance Commissioner John D. Doak says microinsurance, the ability to sell health coverage across state lines and increased use of health savings accounts are ideas that should be looked at as lawmakers move...
Arkansas Commissioner Tapped for NAIC Committee Leadership Post
Jan 19 2017 // Arkansas Insurance Commissioner Allen Kerr has been named vice-chairman of the Market Regulation and Consumer Affairs (D) Committee of the National Association of Insurance Commissioners (NAIC). In a statement released by...
Arkansas Judge OKs $29.1M Payout in Cigarette Lawsuit
Jan 19 2017 // More than 21,000 Marlboro Lights smokers and their attorneys will receive a portion of $29.1 million from a lawsuit settlement fund approved by an Arkansas judge. A Pulaski County Circuit judge approved the payment on Jan....
State Agency Advocates for Self-Driving Car Legislation in Maryland
Jan 19 2017 // Maryland state’s Motor Vehicle Administration is advocating legislation that would transfer regulatory power of self-driving cars to the agency and the state police, saying the change may improve safety on Maryland...
Block Sworn in as Nebraska Workers’ Compensation Court Judge
Jan 18 2017 // Dirk V. Block is the newest judge to serve on the bench of the Nebraska Workers’ Compensation Court. He was sworn in on Jan. 13. Gov. Pete Ricketts appointed Judge Block on Dec. 8, 2016. Block fills a vacancy left by...
In His Final Year, New Jersey Governor Christie Aims to Tackle Drug Crisis
Jan 17 2017 // Republican Governor Chris Christie said that he will focus in his final year in office on New Jersey’s drug epidemic, promising to limit the supply of opioid drugs doctors can initially prescribe and seeking...
Massachusetts Lawmakers to Revisit Marijuana Law
Jan 17 2017 // Legislative leaders have made clear they are not through with making changes to the voter-approved recreational marijuana initiative, but it remains to be seen whether future action amounts to an overhaul of or a mere...
Judge Dismisses Biggest Civil Case in Austin Music Fest Crash
Jan 16 2017 // A judge has dismissed the largest civil case that had been brought against South by Southwest, the city of Austin and others from victims of a 2014 crash during the music festival that killed four people and injured...
Oklahoma Lawmaker Wants More Focus on Repeat Drunk Drivers
Jan 13 2017 // An Oklahoma woman was killed in a traffic accident on New Year’s Eve caused by a drunk driver who had been cited several times previously for driving under the influence. Now, an Oklahoma state representative is...
U.S. and EU Reach Agreement on Insurance Regulation
Jan 13 2017 // United States and European Union negotiators say they have reached an agreement on reinsurance and insurance regulation. The agreement covers three areas of insurance oversight: reinsurance, group supervision and the...
Supporters of Overtime Hike Turn to States as Obama Rule Unlikely to Survive
Jan 13 2017 // With President Barack Obama’s federal overtime-pay overhaul likely to die either in court or under Republican Donald Trump, some legislators are trying to replicate it at the state level. Democrats in Rhode Island,...
Health Insurance Relief a Challenge for Minnesota Lawmakers
Jan 12 2017 // Minnesota lawmakers scrambled on Jan. 10 to begin cobbling together a relief plan for residents facing massive health insurance premium hikes, but logistical hurdles and disagreements between the Republican-controlled...
GOP-Led Senate Takes First Step Toward Ending Obamacare, 51-48
Jan 12 2017 // The U.S. Senate took the first step toward repealing Obamacare in a razor-thin vote early Thursday, even as House leaders were struggling to line up support for a vote later this week. The 51-48 vote fell almost entirely...
Business Interruption Remains Top Corporate Concern in 2017: Allianz
Jan 12 2017 // Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and incoming U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a...
House Republicans Pass Sweeping Regulatory Reform Bill
Jan 11 2017 // Republicans on Wednesday passed a bill in the House of Representatives that touched on nearly every step U.S. agencies take in creating and applying new rules, continuing their blitz to radically reform...
