Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Senate Fails to Renew Terrorism Insurance
Dec 17 2014 // A U.S. program that backstops insurance companies’ losses from acts of terrorism is set to end after the Senate didn’t extend it. Efforts to reauthorize the Terrorism Risk Insurance Act for six years fell apart...
New York Judge Dismisses Lawsuit Challenging Red-Light Cameras
Dec 16 2014 // New York City won dismissal of a lawsuit challenging its red-light cameras, the first in the U.S., the day before New Jersey is scheduled to shut down its program. Drivers fined for running traffic lights sued the city in...
Terrorism Insurance Bill Tagged with Community Bank Provision
Dec 16 2014 // When the U.S. House of Representatives approved a terrorism insurance bill last week, it contained a little-noticed provision that would require at least one member of the Federal Reserve’s board to have community...
Federal Judge Rejects Bid to Delay Morgan Lawsuit
Dec 15 2014 // Tracy Morgan has won the latest round in his effort to sue Wal-Mart and others over a fatal crash in New Jersey. A federal judge on Dec. 12 refused to delay the lawsuit. The ruling came on a motion by Kevin Roper, the...
Sen. Collins Finds Route to Help Trucking Industry
Dec 15 2014 // For the second time in three years, the trucking industry has found a friend in Senator Susan Collins. The Maine Republican got a rider attached to the spending bill approved over the weekend so truckers will no longer...
Drone Risks Require More Safety Regulation, IATA Chief Says
Dec 15 2014 // The surging popularity of inexpensive radio-controlled airplanes and helicopters raises risks that require a firm response from regulators to ensure safety, the head of a leading commercial aviation trade group told...
Environmental Liabilities in Europe: Changing Times
Dec 15 2014 // Historically, U.S. companies doing business in Europe weren’t likely to list environmental litigation among their major concerns. While the United States has boasted a robust regulatory environment for some time,...
Evolving Regulation and Its Impact on Insurers’ M&A Strategies
Dec 15 2014 // It appears that the insurance industry is having an easier time emerging from the financial crisis than entering the new regulatory environment, particularly as it relates to nonorganic growth. With increasingly healthy...
Lawmakers: Sandy Flood Insurance Concerns Will Be Addressed
Dec 15 2014 // Federal emergency officials are taking new steps to address concerns from homeowners still struggling to rebuild after Superstorm Sandy more than two years ago, New Jersey and New York lawmakers announced on Dec. 5. U.S....
Utah Lawmaker Working on Ridesharing Regulations
Dec 15 2014 // A Utah lawmaker is working on a bill proposing statewide regulations for ridesharing companies like Uber and Lyft. Some say the smartphone app-based companies should follow the same rules as taxi drivers, including...
N.J. Assembly Panel Advances Bill Regulating Ridesharing Firms
Dec 12 2014 // Companies that allow drivers to use personal vehicles to transport riders in New Jersey would have to get a state permit and meet safety requirements under state legislation that’s been advanced by a New Jersey...
Stamford, Conn., Tries to Shift Liablity in Slip-and-Fall Suits
Dec 12 2014 // The city of Stamford, Connecticut, is trying to shift legal liability in slip-and-fall lawsuits to private property owners. The Stamford Advocate reports that Mayor David Martin has submitted legislation to put legal...
House $1.1 Trillion Plan Includes Deals on Banks, Trucks, Adjusters, Campaign Funds
Dec 12 2014 // The House passed a $1.1 trillion spending bill after a day of disarray and just hours before U.S. government funding was set to run out. The vote last night was 219-206. With current government funding ending at midnight,...
Senator Criticizes ‘Unclean’ Terrorism Insurance Bill Passed by House
Dec 12 2014 // Democratic U.S. Senator Charles Schumer on Thursday called for the U.S. House of Representatives to extend a federal terrorism insurance program by passing a “clean” bill with no controversial extra...
Delay in Drone Rules Jeopardizes Research, Competitiveness, Congress Told
Dec 12 2014 // Commercial drone flights are taking off in other countries while the U.S. lags behind in developing safety regulations that would permit unmanned aircraft operations by a wide array of industries, witnesses told a House...
Aon Report Identifies Key Risks for Financial Institutions in EMEA
Dec 12 2014 // Understanding and managing risk is increasingly a critical success factor for financial institutions, according to a report on financial institutions issued by Aon Risk Solutions, the risk management business of Aon...
Judge Denies Bid to Reopen Garlock Asbestos Liability Trial
Dec 11 2014 // Garlock Sealing Technologies LLC, the EnPro Industries Inc. unit that filed Chapter 11 in June 2010 to address asbestos claims, won a long-fought battle with personal-injury claimants when their request to reopen the...
Chicago App Would Help Taxis Compete with Ridesharing Services
Dec 11 2014 // Chicago has opened a new front in the war on ridesharing services like Uber, approving a plan to sponsor an app for riders to hail local cabs. The measure was part of a package including financial supports for taxis, such...
House Passes Bill to Relax Capital Rules for Insurers
Dec 11 2014 // A measure that would ease capital and liquidity standards for insurers under the Dodd-Frank Act was approved by the U.S. House of Representatives. The House unanimously passed the bill Wednesday to give the Federal Reserve...
House Passes TRIA Renewal With Higher Government Trigger, Insurers’ Co-Pay
Dec 10 2014 // The U.S. House voted Dec. 10 to extend by six years a federal backstop for insurers offering coverage against terrorism, advancing efforts to retain a program created in response to the attacks of Sept. 11, 2001. House...
