Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Massachusetts Agents Seek Ballot Measure to Ban Insurers’ Use of Credit Scores
Aug 4 2011 // Massachusetts independent insurance agents who oppose the use of credit scores, occupation and education level in auto insurance pricing by the insurance companies they represent are pushing to put a petition to ban such...
Judge Scolds PennDOT for Pursuing Uninsured Woman
Aug 4 2011 // A three-judge Commonwealth Court panel Tuesday upheld the suspension of a Philadelphia woman’s car registration for allowing her insurance to lapse, although one judge scolded the Pennsylvania Department of...
Judge Tosses Tennessee Cheerleaders’ Damages Lawsuit
Aug 4 2011 // A federal judge dismissed a lawsuit filed by three former high school cheerleaders who were kicked off the squad for underage drinking. The damage suit filed by parents of the former cheerleaders at Ooltewah High School...
Judge Scolds PennDOT for Pursuing Uninsured Woman
Aug 4 2011 // A three-judge Commonwealth Court panel Tuesday upheld the suspension of a Philadelphia woman’s car registration for allowing her insurance to lapse, although one judge scolded the Pennsylvania Department of...
When Rating Agencies Judge the World – an Analysis
Aug 3 2011 // The man who holds in his hands the fate of U.S. credit, and with it potentially the global economy, favors small tie knots, sports a bushy mustache and smokes his fair share of cigarettes. Beyond that, he is a mystery,...
China Mulls Creation of New Regulator for State Financial Sector
Aug 3 2011 // China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen...
Alabama Hikes Penalty for Driving Without Liability Insurance
Aug 2 2011 // Alabama drivers are facing stiffer penalties for failing to have liability insurance under a bill recently signed into law by Gov. Robert Bentley. In 2001, state lawmakers required all state drivers to carry motor vehicle...
Montana Supreme Court Rules in Aluminum Baseball Bat Case
Aug 1 2011 // The Montana Supreme Court has awarded $850,000 to the family of a 18-year-old pitcher who was killed by a baseball hit off an aluminum bat. The aluminum baseball bat was not designed defectively, but the manufacturer...
Hawaii Restores Coverage for Construction Defect Claims
Aug 1 2011 // Hawaii Gov. Neil Abercrombie has signed legislation its supporters hope will restore coverage for construction defect claims under a commercial general liability (CGL) policy that was called into question by a 2010 court...
Surplus Lines Law In Effect; Taxes Up in Air
Aug 1 2011 // The implementation deadline for the Non-admitted and Reinsurance Reform Act arrived on July 21. States have been scrambling over the past year to update their surplus lines laws to comply with NRRA requirements and to...
Dodd-Frank Anniversary: What About Insurance?
Aug 1 2011 // The Dodd-Frank Wall Street Reform and Consumer Protection Act rewrote the landscape of the financial markets and it has permeated all sectors of the global economy. A year after the Dodd-Frank Act was signed, there...
Surplus Lines Law In Effect; Taxes Up in Air
Aug 1 2011 // The implementation deadline for the Non-admitted and Reinsurance Reform Act arrived on July 21. States have been scrambling over the past year to update their surplus lines laws to comply with NRRA requirements and to...
California Surplus Lines Bill Signed Into Law
Aug 1 2011 // Gov. Jerry Brown has signed legislation (Assembly Bill 315) that brings California in line with provisions in the new federal surplus lines insurance law, the Non-admitted and Reinsurance Reform Act of 2010 (NRRA), which...
People
Aug 1 2011 // Joseph Waked was named CEO of Buena Park, Calif.-based Freeway Insurance, a subsidiary of New York-based Confie Seguros. He will have responsibility for California, Texas and Arizona. Waked replaces Freeway’s former...
Ready or Not, New Surplus Lines Law Is Here
Aug 1 2011 // The implementation deadline for the Nonadmitted and Reinsurance Reform Act has arrived. States have been scrambling over the past year to update surplus lines laws that will conform with NRRA requirements, while agents and...
Judge Releases Mass. Agency from 9/11 Lawsuit
Jul 29 2011 // The Massachusetts Port Authority was dismissed as a defendant from the last pending wrongful death lawsuit related to the Sept. 11 attacks, leaving United Airlines and a security company facing a trial in which airport...
Contractors Acting As Public Insurance Adjusters Irk States
Jul 29 2011 // Public adjusting activity is not welcome or licensed in all states and even in some where it is, the practice is coming under close scrutiny. In particular, states are cracking down on roofing and other contractors who...
House Committee Hears Concerns on Surplus Lines Reform Tax Issue
Jul 28 2011 // Just days after the surplus line reform legislation became effective, federal legislators heard comments from industry insiders on concerns regarding the implementation of provisions in the bill, including how states will...
Long-Time Virginia Insurance Commissioner Gross Dies
Jul 28 2011 // Alfred W. Gross, who served as insurance commissioner for the state of Virginia for 14 years until he retired last year, has passed away, according to the National Association of Insurance Commissioners (NAIC). Gross...
Florida Citizens Proceeds with Bid for 400% Sinkhole Rate Hike
Jul 28 2011 // Florida residents who purchase sinkhole insurance through the state-back Citizens Property Insurance Corp. could be looking at increases of more than 400 percent for the optional coverage next year. By a 4-0 vote, the...
