Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
MF Global Judge to Examine Insurance Payments for Former Executives
Feb 10 2012 // The U.S. judge overseeing MF Global’s bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to...
Regulation: Health Insurers Must Put More Premiums into Medical Care
Feb 9 2012 // The California Office of Administrative Law approved Insurance Commissioner Dave Jones’ request to make permanent an emergency regulation he issued last year that requires health insurers to put a larger share of...
Ohio Lawmakers Hear Workforce Message in Governor’s Address
Feb 9 2012 // Republican legislative leaders say they took away from Gov. John Kasich’s State of the State speech a renewed focus on bolstering training programs for Ohio workers, answering the governor’s call to find ways...
Oklahoma Public Safety Officials Seek More Funding
Feb 9 2012 // Following three years of budget cuts, Oklahoma’s public safety officials told lawmakers their budgets need a boost to restore workforce levels and replace antiquated facilities and equipment. The heads of...
Florida Insurance Commissioner: ‘This Is Year for PIP Reform’
Feb 9 2012 // Roughly half way through Florida’s legislative session, state Insurance Commissioner Kevin McCarty expressed optimism that state lawmakers would find a way to substantial reform the state’s no-fault auto...
West Virginia Lawmakers Urged to Hold Mine Operators Accountable
Feb 9 2012 // West Virginia must hold coal operators accountable for any negligence or misconduct to prevent another Upper Big Branch, the worst U.S. coal mine disaster in four decades, the state’s special investigator of that...
Aon’s New ‘Political Risk Map’ Focuses on ‘Arab Spring’; Global Threats
Feb 8 2012 // Aon’s latest “Political Risk Map” focuses on the implications of the uprisings in the Middle East, collectively referred to as the “Arab Spring,” and the political transitions they have...
Colorado Lawmakers Review Spaceflight Liability
Feb 8 2012 // Colorado lawmakers are trying to promote the space industry by limiting liability for companies that carry passengers. State Sen. Mary Hodge, a Democrat from Brighton, says there are risks with spaceflight. She wants to...
NYC Judge Throws Out Beer Pong Lawsuit
Feb 8 2012 // A judge has thrown out a New Jersey man’s lawsuit against a Greenwich Village pub over injuries he suffered following a beer pong game. The judge found Alan Berger voluntarily signed up for the beer-drinking game and...
California Independent Contractor Law May Be Liability for Agents, Brokers
Feb 7 2012 // A new California labor law designed to punish employers for misclassifying workers has broad legal language that can possibly impact insurance agents and brokers who knowingly advise clients on employee classifications to...
Copper Thieves Plaguing Texas Businesses
Feb 7 2012 // Despite new laws making any theft of copper a state jail felony, thieves continue to plague Texas businesses by ripping away copper tubing from commercial air conditioning units. Several Texas businesses have been hit more...
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Feb 7 2012 // Auto insurers in North Carolina are once again divided over the prospect of changing how the state sets insurance rates with some insurers advocating for rate deregulation while others are supporting the status quo. The...
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Feb 6 2012 // John Norwood is one of California’s best known legislative advocates for the insurance and financial services sectors. Norwood, principal of Norwood & Associates, has garnered recognition for his political work...
Louisiana Senator Co-Sponsors Bill to Protect Agent Health Commissions
Feb 6 2012 // Two U.S. senators have filed a bill to clarify that agent compensation should be excluded from the federal health reform Medical Loss Ratio (MLR) requirement for the individual and small group markets. Sen. Mary L....
China Tightens Rules for Auditors of Listed Firms
Feb 6 2012 // China has tightened the qualifying criteria for firms wanting to audit listed companies, to protect investor interests, according to new regulations published on Monday. The new regulations, made jointly by the finance...
Businesses Oppose Proposed Ohio Fraud Legislation
Feb 6 2012 // Some Ohio businesses are opposing a bill backed by the attorney general that would create tougher penalties on fraud and give whistle-blowers a slice of the damages or repayments. The proposed legislation, known as the...
When Main Street Meets the Cloud
Feb 6 2012 // Small Business Risks to Consider When Accessing Technology for Growth It’s a familiar small-business success story: A company extends its storefront from Main Street to the Internet. It uses social media to spread...
Florida Senate Panel Clears PIP Fraud Bill But House Showdown Looms
Feb 5 2012 // Florida lawmakers are heading to a showdown over the state’s no-fault automobile insurance law with state Senate lawmakers seeking to reform current law as opposed to a House plan that would repeal the law in favor...
Florida Bill to Let Surplus Lines Assume Citizens Policies Advances
Feb 5 2012 // Legislation designed to help state-backed Citizens Property Insurance Co. spin off customers to reduce its hurricane risk cleared the Florida House after a heated debate Friday. The bill (HB 245) would let surplus lines...
Judge Certifies Investor Class Action Against Goldman Sachs
Feb 3 2012 // Goldman Sachs Group Inc. was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct...
