Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Guidance on EU Rules Created for Audit, Risk Committees
Oct 21 2014 // The Federation of European Risk Management Associations (FERMA) and the European Confederation of Institutes of Internal Auditing (ECIIA) have responded to increased EU requirements for more corporate transparency with a...
LSU Flagship Campus Authorized to Buy Its Own Insurance
Oct 20 2014 // Lawmakers have given Louisiana State University (LSU) the authority to leave the state-run insurance program and buy its own coverage in a first-of-its-kind arrangement for a Louisiana public college. University System...
Management of Top Risks Unsatisfactory, Say Risk Managers in FERMA Survey
Oct 20 2014 // Risk managers are not satisfied with the level of mitigation for six of the top 10 risks “that keep their CEO awake at night,” which is one of the key findings of the 2014 Risk Management Benchmarking Survey...
NAS Insurance Services Introduces Regulatory Business Interruption Ebola Coverage
Oct 20 2014 // Encino, Calif.-based NAS Insurance Services, a full-service specialty insurance underwriting manager, has partnered with Prospect Insurance Brokers Ltd. and Ark Specialty Programs of Lloyd’s of London to launch an...
Judge: Louisiana Law Applies
Oct 20 2014 // Texas Brine asserted in an emailed statement to Insurance Journal, that “Liberty filed in Texas despite the fact that the sinkhole occurred in Louisiana, and all the other claimants and claims are in Louisiana. Texas...
AIA Group’s New Business Growth Up 23%
Oct 17 2014 // AIA Group Ltd., the second-largest insurer by market value based in Asia, posted a higher-than- expected value of new business growth of 23 percent in the third quarter, aided by expansion in its largest markets. The...
Obamacare Mitigates Costs for Big Employers, Refuting Lobbyists’ Predictions
Oct 16 2014 // Business groups said soon after Obamacare became law in 2010 that the sweeping healthcare overhaul would impose huge new costs on U.S. employers, leading to job losses. Three years later, with the Patient Protection and...
Mass. OKs Bill Providing Liability Coverage in FAIR Plan Dwelling Policy
Oct 15 2014 // Massachusetts Gov. Deval Patrick has signed into law a bill that would require the Massachusetts Property Insurance Underwriting Association (MPIUA) — also known as the Massachusetts FAIR Plan — to have...
Judge Halts Disposal in Louisiana of Texas Ebola-Tainted Ash
Oct 15 2014 // A state judge signed an order temporarily blocking ash from the incineration of a Texas Ebola victim’s belongings to be disposed of at a southwest Louisiana site. Attorney General Buddy Caldwell had sought the order...
Anchorage In Ridesharing Lawsuit Has Judge’s Backing
Oct 15 2014 // A state court judge says ridesharing company Uber cannot offer transportation for hire in Alaska’s largest city unless it complies with a local ordinance. Superior Court Judge Michael Corey issued an order Monday...
Insurer Group Honors 3 Tennessee Lawmakers for Litigation Funding Law
Oct 15 2014 // The National Association of Mutual Insurance Companies presented its State Legislator of the Year Award to three Tennessee state legislators. Reps. Curtis Johnson and Charles Sargent and Sen. Jack Johnson were recognized...
A.M. Best: Prospects Improve for Insurers in ASEAN Market
Oct 15 2014 // While integration of insurance markets among the 10 member states of the Association of Southeast Asian Nations (ASEAN) has a long way to go, the prospects for closer connectivity in a region with vibrant growth give...
G20 Regulator Toughens Rules for Non-Bank Financing
Oct 14 2014 // Global regulators are making it more expensive for hedge funds and insurance companies to raise money from loaning shares in a bid to curb hitherto unregulated risks in “shadow banking.” Securities financing...
Judge Recuses Himself from Discrimination Suit Against Iowa Governor
Oct 13 2014 // The judge overseeing a gay former state official’s discrimination lawsuit against Gov. Terry Branstad and several aides is recusing himself. Chief Judge Arthur Gamble says in a court order that he feels a conflict of...
Judge Dismisses Mississippi Death Claim Against Omega Protein
Oct 12 2014 // The mother of a 24-year-old Mississippi man who died in 2012 during a machinery incident at Omega Protein plant in Moss Point will appeal the dismissal of her wrongful death lawsuit against the company. The suit was filed...
Judge Rules for Boeing in Wichita, Kansas, Whistleblower Lawsuit
Oct 10 2014 // Three former workers at the Boeing plant in Wichita, Kan., who filed a whistleblower lawsuit against the aircraft maker and one of its suppliers failed to show Boeing defrauded the U.S. government in a $1.6 billion...
Bernanke Defends AIG Bailout Terms; Judge Opens Fed’s ‘Doomsday Book’
Oct 9 2014 // Former Federal Reserve Chairman Ben Bernanke defended the sterner treatment of American International Group Inc. in the 2008 bailout compared with how investment banks were handled, saying the rescue of the insurer had a...
Thousands to Get Damages in Chinese Drywall Suit, Louisiana Judge Says
Oct 8 2014 // A federal judge in Louisiana has ruled that nearly 4,000 homeowners who say Chinese drywall ruined their homes are eligible to share any further damages he may award in lawsuits against Taishan Gypsum Co. Ltd., a...
Judge: New Louisiana Law Can’t Stop Suit Against ‘Big Oil’
Oct 8 2014 // A state judge in Baton Rouge ruled that Louisiana’s Legislature missed its mark when it passed a bill seeking to halt a south Louisiana flood board’s lawsuit against dozens of oil, gas and pipeline companies...
West Virginia Judges Give Preliminary OK to University Settlement
Oct 8 2014 // A January hearing is set on a proposed settlement of hundreds of lawsuits against Mountain State University. Media outlets reported that a three-judge mass litigation panel gave preliminary approval to the settlement...
