Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
North Carolina Passes Law Targeting Employers Without Workers’ Comp
Jun 25 2012 // North Carolina business owners may find it harder to escape having workers’ compensation coverage after state lawmakers approved a bill closing a legal loophole that had resulted in tens of thousands of employers...
Judge: Parents Of Child With Lung Disease Can Sue
Jun 22 2012 // A District Court judge in Gallatin County says a Montana couple who say they would have terminated a pregnancy if they had known their daughter would be born with cystic fibrosis can move forward with their lawsuit against...
AIG Pays Massachusetts $3.4M in Multi-State Workers’ Comp Settlement
Jun 22 2012 // Massachusetts Insurance Commissioner Joseph Murphy announced Thursday that the state received more than $3.44 million as its share of a 50-state settlement with the American Insurance Group. Commissioner Murphy stated that...
Oklahoma Judge Rules Against OSU, Pickens in lawsuit
Jun 22 2012 // A Payne County judge ruled against Oklahoma State University’s athletic fundraising arm and its top booster, T. Boone Pickens, in their attempt to recover money spent on life insurance premiums in the school’s...
Judge Rules for Employees in Post-Katrina New Orleans School Firings
Jun 22 2012 // Thousands of New Orleans school employees were wrongfully fired after Hurricane Katrina scattered the populations and shut down the city and its schools, a Louisiana judge ruled. Judge Ethel Simms Julien awarded more than...
Judge Allows Investor Lawsuit Over Goldman CDO Conflicts
Jun 22 2012 // A federal judge said on Thursday that shareholders can proceed with a lawsuit accusing Goldman Sachs Group Inc. of concealing conflicts of interest in several collateralized debt obligation transactions, the fallout from...
ABI Supports UK Government’s Proposals on Executive Pay Regulation
Jun 22 2012 // Otto Thoresen, the Director General of the Association of British Insurers, issued a positive comment on the announced plan by UK Business Secretary Dr. Vince Cable to regulate payments to company executives. The proposed...
Health Insurers to Rebate $1.1 Billion
Jun 22 2012 // U.S. health insurance companies are due to pay out $1.1 billion in rebates to employers and individuals this summer, under a new industry regulation imposed by President Barack Obama’s health care law, the...
Oklahoma Physician, Hospital Settle Fraud Case for $1.5M
Jun 21 2012 // State and federal officials say an Oklahoma hospital and physician have agreed to a $1,550,000 payout to settle a health care fraud case. Sanford C. Coats, U.S. attorney for the Western District of Oklahoma, and Oklahoma...
N.J. Judge OKs Lawsuit Arising From Schoolyard Killings in 2007
Jun 21 2012 // A judge has denied an attempt by Newark’s school district to throw out a lawsuit stemming from the murders of three college-bound students in a schoolyard in 2007. Wednesday’s ruling means the suit against the...
London Stung by U.S. Attack on Bank Regulation Record
Jun 21 2012 // Calling London a haven of regulatory loopholes that spawns financial trading disasters could make it harder to align new transatlantic rules, figures in London’s financial and legal circles said on...
TWIA Solvency Concerns Finally on Texas Lawmakers’ Radar
Jun 19 2012 // The Texas Windstorm Insurance Association has only about $3.6 billion in claims-paying resources “under a best case scenario,” even though it could face losses of $14.2 billion from a Category 4 hurricane...
Texas Attorney Convicted of Paying Bribe Money to Judge
Jun 19 2012 // A South Texas attorney has been convicted on charges related to bribing a judge for favorable rulings in court cases, including insurance related litigation. United States Attorney Kenneth Magidson announced that Ray Roman...
U.S., European Union Struggle to Overcome Regulatory Barriers
Jun 19 2012 // The United States and the European Union, stung by past failures to liberalize trade, are struggling over how to tackle regulatory barriers in areas ranging from financial services to chemicals that pose the biggest...
N.J. Lawmakers Seek to Adopt New Safety Measures for Teen Drivers
Jun 18 2012 // Parents or guardians in New Jersey might need to complete a driver orientation course before their teens could get their driver’s licenses. A legislative committee last Thursday approved the requirement along with...
Economic Crisis Challenges Harmonization of U.S. Regulations, EU’s Solvency II
Jun 18 2012 // The EU’s Solvency II regulations get most of the headlines, but there are other regulatory bodies, which are trying to modernize and harmonize the regulations for global insurance companies. Their task has been made...
Judge Dismisses FEMA from Kmart Lawsuit Over Flooding in Mississippi
Jun 18 2012 // A federal judge has dismissed the Federal Emergency Management Agency as a defendant involving a lawsuit over 2010 flooding at the Kmart in Corinth, MIssissippi. The Daily Corinthian reported last week that U.S. District...
Nature Groups Urge Florida Insurance Reform
Jun 18 2012 // Taking the position that Florida’s subsidized property insurance market is leading to over-development along the state’s coastline, wildlife groups are calling on lawmakers to pass reforms even if they increase...
Regulations, Exclusions Driving Demand in Contractors Pollution Liability Market
Jun 18 2012 // An increase in contract requirements and government regulations has led to a surge in demand for contractors pollution liability coverage, the experts say. Kenneth Schneider, senior vice president of Rockhill Underwriter...
Penn. Judge Says Insurer Must Cover Sandusky’s Legal Bills for Now
Jun 18 2012 // A judge ruled on June 4 that Federal Insurance Co., part of Chubb Group of Insurance Companies, must continue to cover Jerry Sandusky’s defense costs, at least for now. Sandusky is the former Penn State assistant...
