Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Miami Judge Nixes Ban on Lender Suits Against Fontainebleau Officers
Jul 15 2014 // The Fontainebleau Las Vegas LLC bankruptcy trustee may never win court approval for an $83.3 million settlement of lawsuits against former officers, directors and managers. U.S. Bankruptcy Judge A. Jay Cristol in Miami...
NAIC Hiring Consultant to Review Its Decision-Making, Governance
Jul 15 2014 // The national organization for state insurance regulators, which has been telling federal and international regulators how they should govern the industry, has decided to engage a consultant to audit its own governance and...
Former Dewey Law Firm Leaders Ask Judge to Dismiss Criminal Case
Jul 15 2014 // Former leaders of the defunct law firm Dewey & LeBoeuf have asked a New York state judge to dismiss criminal charges against them, saying they should not be made “scapegoats” for the firm’s...
North Carolina Looks to Grow Captive Insurance with Amended Law
Jul 11 2014 // North Carolina Insurance Commissioner Wayne Goodwin said North Carolina is now an even more attractive home for captive insurance companies with the enactment of a law allowing new captive types and providing some...
Judge Allows $1B Malpractice Claim Against PwC Over MF Global Collapse
Jul 11 2014 // A federal judge on Wednesday rejected PricewaterhouseCoopers’ request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 collapse of MF Global...
‘Share’ Economy to Bring Sweeping Changes to Pittsburgh
Jul 10 2014 // Jonathan Danial is a concierge, making sure guests have bottled water, crisp linens and the signature house banana bread — in his home. David Pavel has been a classic limo driver, chatting up his passengers as he...
Judge Dismisses Ex-Broker’s Privacy Claim Against Regulatory Website
Jul 10 2014 // A U.S. judge threw out a lawsuit against the Financial Industry Regulatory Authority (FINRA) by a former broker who alleged that disclosures on the regulator’s public database violated his privacy rights. The former...
‘Drafting Error’ Leads to Veto of Missouri Health Insurance Navigator Bill
Jul 9 2014 // Missouri Gov. Jay Nixon vetoed legislation that would have limited who could work in the state as a health insurance guide and blamed a national conservative group for injecting an error into the model legislation. The...
Court Ruling States Arizona Can’t Deny Immigrants Driver’s Licenses
Jul 8 2014 // Arizona’s policy of denying driver’s licenses to people who came to the U.S. illegally as children was blocked by a federal appeals court in San Francisco, which said the measure is probably...
Why Conservatives’ Climate Policy Won’t Work: Flavelle
Jul 8 2014 // There’s a lot to like about Eli Lehrer’s argument for National Review that conservatives should stop downplaying global warming and instead try to take advantage of it. But beyond demonstrating the promise of...
Judge Approves NFL Concussion Settlement
Jul 8 2014 // The National Football League won preliminary approval of a settlement worth at least $675 million resolving ex-players’ claims that officials failed to warn them about links between concussions and brain...
Swiss Re’s New SONAR Report Investigates 26 Emerging Risks
Jul 8 2014 // Swiss Re has released a report, “New emerging risk insights,” which is based on the reinsurer’s SONAR process, described as a “unique tool which uses Swiss Re’s internal risk management...
South Dakota Lawmakers Seek Federal Help for Flooding and Tornado
Jul 7 2014 // South Dakota’s three members of Congress have asked President Barack Obama to declare a major disaster for three counties hit last month by a tornado and flooding. In a letter to the president, Rep. Kristi Noem and...
Judge OKs Florida $2.2M Wrongful Death Award Against Sheriff
Jul 7 2014 // A federal judge has upheld a jury’s $2.26 million wrongful death award against the Marion County Sheriff’s Office in a case where two deputies shot and repeatedly shocked a suspect. The Ocala Star-Banner...
Michigan Bill Limiting Lawsuits Against Insurers Sent to Governor
Jul 7 2014 // A bill approved by Michigan Legislature that further limits certain consumer lawsuits against insurance companies under the state’s Consumer Protection Act has been sent to Gov. Rick Snyder for his signature. The...
Uber, Lyft, Sidecar Toe-to-Toe With Insurers State-by-State
Jul 7 2014 // The share-and-share-alike attitude considered a virtue by some has become fighting words between ridesharing companies and the insurance industry. “We try not to make it a battle,” says Robert Passmore, senior...
Disaster Mitigation: How Incentives Can Help
Jul 7 2014 // The frequency and cost of natural disasters in the United States has increased exponentially in the past two decades. The cost to property, life and the economy is pushing the issue to the top-of-minds for many in...
Climate Change Bottom-Line Talk Grows, S&P Director Says
Jul 7 2014 // Companies and governments worldwide are changing their behaviors and examining their risks in the face of climate change, a managing director for Standard & Poor’s said, holding up the insurance industry as a...
Hidden Perils of California’s Proposed Health Insurance Price Controls
Jul 7 2014 // In November, California voters will decide whether to implement state government price controls on health insurance. Insurance agents and brokers are certain to be asked by their clients whether this ballot measure merits...
Judges Order Ridesharing Firms Uber, Lyft to Halt Operations in Pittsburgh
Jul 3 2014 // Two administrative law judges have agreed with the Pennsylvania Public Utility Commission to force two ride-share companies to stop operating in Pittsburgh. The judges issued their rulings Tuesday, five days after PUC...
