Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Helping Banks is Hurting Insurance Industry Geneva Association Tells G20
Nov 2 2011 // In an open letter The Geneva Association directly addressed the Finance Ministers and Central Bank Governors of the G-20 before their meeting in Cannes, France. It pointed out that amidst all of the concerns over the...
US, EU, Japan Press China on Financial Services Reform at WTO
Nov 1 2011 // The United States criticized China on Monday for failing to fulfill World Trade Organization commitments to open its financial services market, while the European Union and Japan pressed for answers on specific areas of...
Greek Referendum Plan Threatens New Euro Zone Crisis
Nov 1 2011 // Prime Minister George Papandreou’s shock announcement that he will put Greece’s bailout to a referendum threatened to intensify the euro zone crisis, and brought complaints in Germany that Athens is trying to...
Nebraska Health Exchange Would Need 83K-100K Enrollees
Oct 31 2011 // As many as 100,000 Nebraskans would need to enroll in a state-based health insurance exchange before the program could sustain itself as required, according to a report presented to lawmakers on Oct. 28. Insurance...
Farmers Insurance: Nov.1 Will Dramatically Impact Oklahoma Drivers
Oct 31 2011 // Farmers Insurance is advising Oklahoma residents that a new law, which goes into effect on Nov. 1, will have a significant effect on all drivers, especially those who drive without proper automobile insurance. The new...
Judge Blocks San Francisco’s Cell Phone Warning
Oct 31 2011 // A U.S. judge has blocked most of a San Francisco ordinance that required warnings about cell phone safety risks, saying it violated the First Amendment. Health questions about cell phone use grew this year after a group of...
Oklahoma Lawmaker Wants All Day Cares Insured
Oct 28 2011 // An exemption that allows some day care operators not to carry liability insurance coverage should be removed, a state lawmaker told a legislative panel. More than 1,500 home-based day care operators and nearly 140 day care...
Louisiana Must Turn Over Records to BP-U.S. Judge
Oct 28 2011 // Louisiana must quickly turn over documents requested by oil giant BP, or else face dismissal of its lawsuit against the company for losses caused by the Gulf of Mexico oil spill, a judge ruled Thursday. Louisiana faces...
Insurer Trade Group Urges Florida to Curb Auto Insurance ‘Fraud Tax’
Oct 28 2011 // Florida should allow more time for looking into suspicious claims, place a cap on attorneys’ fees and more closely regulate medical clinics to help reduce rampant fraud in the state’s personal injury protection...
Michigan Advances Workers’ Comp Changes
Oct 28 2011 // Legislation that could help employers contain costs related to compensating workers injured on the job cleared a Michigan House committee this week. The Republican-led House Commerce Committee approved the changes to...
Group Challenges Secret Court Arbitration in Delaware
Oct 27 2011 // An open-government group on Tuesday, Oct. 25, challenged a law that allows members of Delaware’s Court of Chancery to preside over secret arbitration proceedings in business disputes. The Delaware Coalition for Open...
Missouri Judge Declares Mistrial in $700M Tobacco Lawsuit
Oct 27 2011 // A judge in Missouri has declared a mistrial in a $700 million lawsuit against Philip Morris USA, after jurors failed to reach agreement on whether Missouri smokers were misled into believing that light cigarettes were...
Massachusetts Agents Drop Ballot Effort on Credit Ban
Oct 27 2011 // The Massachusetts Association of Insurance Agents (MAIA) has agreed to a request from state lawmakers to withdraw the ballot initiative it filed in August to prohibit the use of credit scoring, education, and occupational...
Maryland’s Highest Court Rules on Lead Paint Lawsuits
Oct 26 2011 // Maryland’s highest court has ruled that a law giving owners of certain rental properties immunity from personal injury lawsuits based on a child’s ingestion of lead-based paint is invalid. The Court of Appeals...
U.S. Offering Small Businesses Free Cyber Security Tool
Oct 25 2011 // The U.S. government is making it easier for small businesses to beef up defenses against cyber criminals through a free, online tool, the top U.S. communications regulator said Monday. The Small Biz Cyber Planner will...
West Virginia Judge Affirms $91M Damage Award Against Nursing Home
Oct 24 2011 // A Kanawha County, West Virginia judge has affirmed most of a $91.5 million damage award against a Charleston nursing home in a lawsuit that claimed it failed to properly feed and care for an elderly woman who died hours...
Best’s Managing Director-Europe: Solvency II is Coming to an Insurer near You
Oct 24 2011 // Stefan Holzberger, A.M. Best’s managing director-analytics, recently moved to London from the U.S. He is well placed to analyze the impact of the European Union’s Solvency II regulations, not only on the...
Officials Say Bipartisan Deal on Cybersecurity Possible
Oct 21 2011 // Senior Obama administration officials and a bipartisan group of U.S. senators agreed on Wednesday to push for cybersecurity legislation as quickly as possible, the White House said Thursday. White House spokeswoman Caitlin...
Kentucky Lawmaker Looks to Curb Copper Thefts
Oct 20 2011 // Kentucky Republican state Rep. Bill Farmer of Lexington is planning to push a legislative measure that would impose new rules regarding the sale of scrap copper to try to cut down on thefts. Farmer said businesses and even...
Willis Launches Liability Coverage for Hedge Fund Directors
Oct 18 2011 // The ongoing financial crisis has claimed many victims over the past few years, but while banks and their depositors have been largely protected by taxpayer bailouts, the investment fund community, and the hedge fund...
