Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Michigan House Vote Would Allow Fewer Lawsuits Against Insurers
Jun 9 2014 // The Michigan House has passed legislation blocking certain insurance lawsuits under the Michigan Consumer Protection Act. Consumers were prevented from suing insurance companies for fraud under the act starting in 2001....
Colorado Edible Pot Company Sued by Hershey
Jun 9 2014 // The Hershey Co. has sued a Colorado marijuana edibles company, claiming it makes four pot-infused candies that too closely resemble iconic products of the chocolate maker. The trademark infringement lawsuit was filed in...
Travelers CEO: Will Insurers Outperform More Regulated Banks?
Jun 9 2014 // Travelers Cos. Chief Executive Officer Jay Fishman highlighted the insurer’s history of posting better returns than banks and other large financial companies amid a period of increased Wall Street...
Sandy Aid in N.J. Becomes Another Christie Albatross
Jun 6 2014 // Nineteen months after Hurricane Sandy left four feet of water in Thomas Largey’s house in Sea Bright, New Jersey, the 82-year-old still lives with his daughter as he awaits aid to raise and rebuild his home. Reopened...
South Carolina Lawmakers Approve Statewide Texting Ban
Jun 6 2014 // South Carolina lawmakers have overwhelmingly passed a statewide ban on texting while driving. Under the ban approved by the state House in a 94-2 vote and by the Senate 42-2 on Wednesday, drivers who violate the law would...
Court Ruling on Well Co-Ownership Could Cost BP, Anadarko Billions in Fines
Jun 5 2014 // BP Plc and Anadarko Petroleum Corp. could face billions of dollars in fines after an appeals court ruled they were automatically liable for pollution-law violations as co-owners of the well that blew out and started the...
Some Trucking Firms Want Congress to Ease Safety Limit on Truckers’ Hours
Jun 5 2014 // The 70-hour cap on a U.S. trucker’s workweek has a chance of being eased by Congress, undoing the result of a 15-year effort to reduce highway fatalities caused by drowsy long-haul drivers. The main federal...
South Carolina Lawmakers Agree on Bill for Statewide Texting Ban
Jun 5 2014 // A joint state House and Senate committee has reached a compromise on legislation which would ban on texting while driving in South Carolina. Under the proposed ban, drivers must be fully parked to be able to text using a...
N.Y. Lawmakers Urge Passage of Pregnancy Accommodation Bill
Jun 4 2014 // A bipartisan group of lawmakers in the New York State Legislature is urging passage of a bill that would accommodate the needs of pregnant women in the workplace. The measure would require employers to provide reasonable...
Illinois Passes Rideshare Legislation with Insurance Component
Jun 3 2014 // The Illinois Legislature passed legislation this session that provides for regulating transportation networking companies (TNCs) and closing insurance gaps, according to the Property Casualty Insurers Association of...
Fed Adds Ex-Regulator to Oversee Systemic Risk Insurers
Jun 3 2014 // The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a council of regulators identified for tougher scrutiny last year. Thomas Sullivan, who led the...
MetLife Unwavering in Battle Over Systemic Risk Rules
Jun 3 2014 // Steven Kandarian got MetLife Inc. out of banking to escape Federal Reserve oversight. Now, the insurer is fighting again to avoid the central bank’s reach. Kandarian, MetLife’s chief executive officer, has...
Industries Want West Virginia to Delay Storage Tank Regulations
Jun 2 2014 // Months after state officials approved a law to safeguard against chemical spills, West Virginia industry groups want some requirements delayed and some of their storage tanks shielded from added oversight. Though the new...
Best Upgrades State Farm General’s ICR; Affirms State Farm and Subs FSR’s
Jun 2 2014 // A.M. Best has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of State Farm General Insurance Company, and...
Professional Sports Teams Looking for Terrorism Insurance Win in Congress
Jun 2 2014 // Renewal of a U.S. terrorism insurance plan is gaining momentum in Congress, thanks to some big-league backing from a coalition that includes professional football, baseball, basketball and hockey leagues. The sports...
The Importance of Having an Integrated Services Solution
Jun 2 2014 // U.S. multinational businesses are increasingly seeking opportunities in new regions of the world, expanding outside of the United States and continental Europe into sub-Saharan Africa, Asia and Latin America. As their...
Conn. Governor Defends State-Led Insurance Regulation
Jun 2 2014 // Connecticut Gov. Dannel P. Malloy recently told a crowd of U.S. and international regulators that when it comes to insurance regulation, states are “here are stay” and that the states – not the federal...
N.Y. Seeks More Rules for Investment Firms’ Buys of Insurers
Jun 2 2014 // The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in...
Delaware Lawmakers Eye Workers’ Comp Rates
Jun 2 2014 // Delaware lawmakers are expected to act quickly on recommendations from a state task force aimed at lowering workers’ compensation insurance rates. The task force presented lawmakers a report on May 15 proposing that...
North Carolina Wants Shorter Sea Level Forecast
Jun 2 2014 // A North Carolina commission is asking scientists to only make a 30-year prediction of how fast the ocean will rise off the state’s coast. The N.C. Coastal Resources Commission caused an uproar in 2010 when its...
