Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Bank of England’s Bailey Is Surprise Choice for Chief of U.K. Regulator, FCA
Jan 26 2016 // Bank of England Deputy Governor Andrew Bailey will become the new chief executive officer of the U.K. Financial Conduct Authority, as the Chancellor George Osborne turned to a familiar face following a six-month search for...
Report: Florida’s Workers’ Comp Market Still Strong but Uncertainty Remains
Jan 26 2016 // The latest workers’ compensation report from Florida’s insurance regulator says the state’s workers’ compensation market remained competitive and well capitalized in 2014, but reforms put in place...
California Gas Leak Follows Years of Lax Regulation of Aging Storage Wells
Jan 25 2016 // Long before a natural gas storage well sprung a disastrous leak near Los Angeles, Calif., utilities and national industry groups were raising alarms about the danger of aging underground storage infrastructure. The leaking...
Citizens Releases Analysis of Increasing Florida Water Loss Costs
Jan 25 2016 // Water loss claims, exacerbated by assignment of benefits, are driving higher rates in South Florida and increasingly across the state, according to a just released analysis conducted by Citizens Property Insurance Corp....
New Ohio Law Strengthens Regulation of Certificates of Insurance
Jan 25 2016 // A new Ohio law that provides strengthened regulatory protocols and oversight in relation to certificates of insurance is now in effect. Businesses often share the document as proof that they have insurance, Ohio Department...
Departing Florida Insurance Chief McCarty Leaves ‘Huge Shoes to Fill’
Jan 25 2016 // News of Florida Insurance Commissioner Kevin M. McCarty’s resignation rocked the state Jan. 6 when he announced that he would leave office on May 2, 2016 after 12 years in the post. McCarty has served as the only...
Expert Sounds off on Legal, Insurance Issues of Self-Driving Cars
Jan 25 2016 // Hilary Rowen, a partner in the law firm of Sedgwick LLP in Sacramento, Calif., for the last three years has been analyzing and following the insurance issues relating to the emergence of autonomous vehicles, particularly...
Ex-LA Times Columnist’s $7.1M Award Tossed by Judge
Jan 25 2016 // A judge has thrown out a $7.1-million jury award to former Los Angeles Times sports columnist T.J. Simers, who claimed he was forced to quit because of age and health discrimination. A judge stripped $2.1 million Simers...
Judge: Monkey Cannot Own Copyright of Selfie Photos
Jan 25 2016 // A macaque monkey who snapped clear, perfectly framed selfies that would have made the Kardashians proud still cannot own a copyright to the photos because it’s an animal, not a human, a federal judge in San Francisco...
New Jersey Gov. Signs Certificates of Insurance Bill
Jan 25 2016 // New Jersey Gov. Chris Christie signed the Certificates of Insurance Act (S-3270/A-4705) into law on Jan. 11. The new law will govern the use of certificates of insurance, making it illegal to request the issuance of...
The Struggle Getting U.S. Regulators to Understand Insurance
Jan 25 2016 // The designation of MetLife as a systemically important financial institution by the Financial Stability Oversight Council (FSOC) is a done deal. But exactly what that means in terms of higher regulatory standards is still...
P/C Execs Predict Cyber Growth, Democrat in the White House
Jan 25 2016 // Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they expect the economy to stay...
The Changing Surplus Lines Landscape
Jan 25 2016 // The changing excess and surplus insurance landscape was an oft discussed topic at a recent California meeting, with experts describing the challenges and opportunities going forward. “The business that we have and...
Maryland AG, Lawmakers Look to Improve Structured Settlement Law
Jan 22 2016 // Maryland’s attorney general and lawmakers are looking at ways to protect the public from bad deals offered by businesses that have bought legal settlements from lead poisoning victims, such as Baltimore’s...
Judge Hits Plaintffs’ Lawyers in GM Ignition Switch Trial
Jan 22 2016 // General Motors Co. got a boost in the first trial over a deadly ignition-switch defect as a judge slammed plaintiffs’ lawyers for failing to vet their client, an Oklahoma mail carrier accused by the carmaker of lying...
Why Regulation Is Good for Driverless Cars
Jan 21 2016 // You don’t often hear a libertarian praising a federal regulator when it starts offering “guidance” and “coordination” for some innovative industry. Well, mark your calendars, folks, because...
XL Catlin Applies for License to Open Reinsurance Branch in India
Jan 21 2016 // XL Catlin announced it has begun the licensing process to establish a reinsurance branch in India. The decision to pursue market entry into India aligns with XL Catlin’s strategy of establishing a presence in...
Alabama Debates Banning Criminal History on Job Applications
Jan 21 2016 // As policies that limit when employers may ask applicants about their criminal histories gain popularity nationwide, advocates are pushing similar measures in Alabama, which has one of the highest incarceration rates in the...
Brian Maynard Appointed Insurance Commissioner of Kentucky
Jan 20 2016 // Brian Maynard Brian Maynard of Louisville was appointed commissioner of the Kentucky Department of Insurance on Jan. 12. He takes over for Sharon P. Clark, who had been in the position since first being appointed in...
Supreme Court Rules Monetary Offer Doesn’t End Class Action
Jan 20 2016 // The U.S. Supreme Court on Wednesday ruled against advertising firm Campbell-Ewald in a class action case, saying the lawsuit can proceed over claims the company violated a federal consumer law by sending unsolicited text...
