Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Post Office to Run Flood Insurance Program
Apr 1 2013 // Congress has authorized the National Flood Insurance Program (NFIP) for an extended period of six months, or until the next unscheduled primary, whichever occurs first. As part of the compromise worked out between...
Missouri House Passes Medical Provider Liability Limit
Apr 1 2013 // The Missouri House has approved legislation seeking to reinstate a cap on some damages in medical malpractice lawsuits that the state Supreme Court struck down last summer. Doctors say the cap helps control malpractice...
Big Banks Win Dismissal of Most LIBOR Rate Rigging Claims
Mar 31 2013 // The world’s biggest banks won a major victory on Friday when a U.S. judge dismissed a “substantial portion” of the claims in private lawsuits accusing them of rigging global benchmark interest rates. The...
Court Nixes IRS Bid to Reinstate Rules for Tax Preparers
Mar 29 2013 // The U.S. Internal Revenue Service this week lost a request to prevent the partial shutdown of its tax return preparer regulatory program pending an appeal. In a one-page ruling, the U.S. Court of Appeals for the District...
State Insurance Regulators Renew Pact with Chinese Regulators
Mar 29 2013 // U.S. insurance regulators will continue a program of information sharing and cooperation that helps their counterparts in China learn about insurance regulatory practices in the U.S. The National Association of Insurance...
How Obamacare Could Affect P/C Insurance
Mar 28 2013 // The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business, particularly workers’...
Obamacare to Hike Some, Lower Other Individual Health Premiums: Sebelius
Mar 27 2013 // President Barack Obama’s top healthcare adviser acknowledged on Tuesday that costs could rise in the individual health insurance market, particularly for men and younger people, because of the landmark 2010...
Kentucky Lawmakers May Override Governor’s Veto of Religious Rights Bill
Mar 26 2013 // Gov. Steve Beshear has vetoed a bill that was intended to provide stronger protections of religious rights in Kentucky, setting the stage for a potential override before the legislative session draws to a close early next...
SEC Approves Nasdaq Deal for Facebook IPO But Lawsuits Could Follow
Mar 26 2013 // U.S. regulators approved Nasdaq OMX Group’s $62 million compensation plan for firms that lost money in Facebook Inc.’s glitch-ridden market debut, a victory for the exchange operator that also set the stage for...
Congressmen Renew Push for Tougher Federal Mine Safety Laws
Mar 26 2013 // With five coal mining fatalities in West Virginia so far this year, Democratic U.S. Rep. Nick Rahall is renewing his push for tougher federal laws. He and Rep. George Miller, D-Calif., are co-sponsoring a new version of...
FIGA Reforms Should Increase Flexibility, Not Eliminate It
Mar 25 2013 // When it comes to property insurance reform in Florida, everyone is basically focused on proposals that deal with the Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corp. and the (over) regulation of...
Last Ditch Cyprus Bank Deal Brings Little Relief; Much Uncertainty
Mar 25 2013 // At a Cypriot pawnbroker, one of the few growth industries in Europe’s debt-ridden south, someone had vented the anger of an island: “Thieves” was scrawled across the window, in bright red paint. The...
Oklahoma Independent Agents Express Support for Work Comp Bill
Mar 25 2013 // Leadership at a statewide association of independent agents in Oklahoma has issued statements publicly supporting workers’ compensation system reform legislation. Dan Ramsey, president and CEO of the Independent...
Christian Health Insurer, Pension Liability Top Kentucky Legislature’s Closing Days
Mar 25 2013 // Lawmakers return to the Capitol on Monday with two days remaining to pass legislation intended to shore up Kentucky’s pension plans for state and local government retirees. Restoring solvency to the pension system,...
Florida Debates Wage Theft Legislation
Mar 25 2013 // Businesses and workers-rights advocates are fighting over a bill that would set uniform state standards for employees who say they haven’t been paid their full wages to seek compensation. The bill would require...
Florida Lawmaker Wants to End Insurance Company Tax Credit
Mar 25 2013 // A top Senate Republican wants to roll back fees now charged to Floridians to renew their driver’s license and car tags. Sen. Joe Negron, R-Stuart and Senate budget chief, said he will unveil a bill this week that...
Lobbyists Keep Battling As Obamacare Turns 3
Mar 25 2013 // Eight months before President Barack Obama’s health care law goes prime time, a confederation of industry and business groups is ramping up its lobbying apparatus for an 11th-hour assault on the web of new taxes and...
Florida Insurers, Employers Scrambling After Court Ruling on Workers’ Compensation Benefit
Mar 25 2013 // A Florida district court judge’s ruling that declared unconstitutional a 104-week limitation on injured workers’ temporary benefits left insurers and employers scrambling to come up with a legislative...
Farmers Brace for Crop Insurance Cuts
Mar 25 2013 // U.S. farm groups are looking for a formula to lower crop subsidy spending dramatically ahead of new congressional demands for cuts in a farm bill now costing $10 billion more than planned. The cuts could be larger than the...
PCI Slams Oregon Bad Faith Proposals
Mar 22 2013 // A handful of bills proposed in Oregon could hit consumers with nearly $200 million in cost increases and yield a rash of lawsuits, according to the Property Casualty Insurers Association of America, which is urging Oregon...
