Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
U.S. House Strikes Down Republican Farm Bill
Jun 21 2013 // Republican budget-cutters joined Democratic defenders of food stamps on Thursday to deal a shocking defeat to the $500 billion farm bill backed by Republican leaders in the House of Representatives, undermining hopes of...
High Court Rules for American Express in Class Action Case
Jun 20 2013 // The U.S. Supreme Court ruled on Thursday that an arbitration agreement prevents merchants from bringing class action claims against American Express Co . The nine-member court ruled on a 5-3 vote, with liberal Justice...
U.S. Regulators See No Need for Enhanced Insurer Capital
Jun 19 2013 // Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday. G20 world leaders have backed imposing extra...
Milk Money: Farm Bill Could Hinge On Dairy Vote
Jun 18 2013 // Approval of a massive farm bill – and the cost of a gallon of milk – could hinge on a proposed new dairy program the House is expected to vote on this week. An overhaul of dairy policy and a new insurance program for...
Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow
Jun 18 2013 // The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now allows Travelers to...
N.J. to Offer Lifetime Benefits to Spouses of Police, Fire Personnel Killed on Duty
Jun 17 2013 // In New Jersey, a measure that would provide workers’ compensation benefits to spouses of certain deceased fire and police personnel for the entire period of survivorship was signed into law last Thursday. The newly...
Judge Grants Toyota More Time to Win OK of $1.1 Billion Settlement
Jun 17 2013 // Toyota Motor Corp. and lawyers suing the company were given more time to win final approval of a $1.1 billion settlement of claims that recalls related to unintended acceleration hurt the value of U.S. customers’...
Florida Gov. Scott, CFO Atwater Were Told About Heritage Deal with Citizens
Jun 17 2013 // Florida Gov. Rick Scott — and other top state officials — quickly distanced themselves last month from a controversial deal approved by Citizens Property Insurance Corp. to shift thousands of homeowner policies to a...
Tiny Southern California Agency Earns B Corp Status
Jun 17 2013 // Merely bringing your A-game may not be enough to entice certain companies to give you their business, especially those who are looking for environmentally or socially conscious partners. Following the challenging recession...
4 Strategies to Make Producer Lifecycle Management a Priority
Jun 17 2013 // Maintaining a top-notch sales organization is harder than ever. One key reason is the growing challenge of keeping up with state and federal insurance regulations that focus on sales. The multiple tasks involved –...
Calif. Auto Insurance Down over Quarter-Century, Groups Debate Why
Jun 14 2013 // The average California auto insurance expenditure fell from 1989 to 2010, while every other state in the nation saw substantial increases over that same period, according to a Consumer Federation of America analysis auto...
Tennessee Tightens Regulations on Compounding Pharmacies
Jun 14 2013 // The Tennessee Board of Pharmacy said it has adopted new regulations for compounding pharmacies licensed by the state following recent outbreaks of illnesses associated with tainted medicines created at these specialty...
PCI States Position on International Regulatory Standards after House Hearing
Jun 14 2013 // The Property Casualty Insurers Association of America (PCI) issued a statement following the conclusion of Wednesday’s hearings by the House Financial Services Subcommittee on Housing and Insurance hearing entitled...
Mass. DOI Proposes Regulation on Auto Glass Repair Steering; Hearing Scheduled
Jun 13 2013 // The Massachusetts Division of Insurance said it will hold a public hearing on June 28 regarding the proposed new regulation 211 CMR 135.00, “Requirements Regarding Referrals to Motor Vehicle Glass Repair...
Judge Upholds $23M Award in California Bed Sore Death
Jun 13 2013 // A Sacramento judge has upheld a $23 million jury award over the bed sore death of a woman at a Northern California assisted living facility. The Sacramento Bee reported the judge on Monday also awarded $4.3 million in...
Chemical Shippers Lose Court Bid to Derail Train Safety Technology
Jun 13 2013 // Chemical shippers failed to show any business harm from a regulation requiring railroads to deploy new train-safety technology, a U.S. appeals court said, throwing out a lawsuit challenging the 2012 rule. The Arlington,...
The Myopia of Insurance Regulation
Jun 12 2013 // Mary Williams Walsh of The New York Times‘ DealBook blog has an interesting post today on New York regulators’ expansive investigation of captive reinsurance transactions by life insurers, and the extent to...
N.Y. Says Life Insurers’ Use of ‘Shadow Insurance’ Could Hurt Policyholders
Jun 12 2013 // New York State’s financial regulators issued a report today that found a widespread use of captive, reinsurance entities by New York-based life insurance companies. Calling these arrangements “shadow...
Federal Insurance Regulator Releases Annual Report
Jun 12 2013 // The U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its annual report on the insurance industry to the President and Congress. Under the Dodd-Frank Wall Street Reform and Consumer...
5 Considered For New Mexico Insurance Regulator Post
Jun 11 2013 // Five government, insurance and health care officials are in the running to manage New Mexico’s newly independent insurance regulatory agency. Among the candidates are state Insurance Superintendent John Franchini and...
