Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
No Satisfaction
Jun 6 2011 // Back in 1969 when the Rolling Stones sang, “You can’t always get what you want,” I doubt they were thinking about Florida insurance politics in 2011. I will go out on a limb here and say I am absolutely...
Florida Judge: Insurance Covers Chinese Drywall Claims
Jun 6 2011 // A Florida judge has ruled that a couple’s damage from tainted Chinese drywall is covered by their homeowner insurance policy. Hillsborough County Circuit Judge Robert Foster said he found no exclusion in the Teachers...
What’s In Florida’s Property Insurance Cost Control Bill?
Jun 6 2011 // Florida Gov. Rick Scott signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. Scott said the bill (SB 408) “strengthens...
How Florida’s Agents Fared in Tallahassee
Jun 6 2011 // FAIA President Jeff Grady on Property Insurance Reform, Effects of RMS Model, Citizens For those in the industry, Florida’s recent legislative session was a long march as they tried to navigate through a process that...
What Killed PIP and Citizens Reform?
Jun 6 2011 // P/C Industry Wins Some, Loses Some in Scott’s First Session It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play to the last 72 hours. No matter how many...
New York Agents Appealing Compensation Disclosure Ruling
Jun 6 2011 // The Independent Insurance Agents & Brokers of New York (IIABNY) says it is moving forward with a legal appeal of a court ruling that allowed the state to require agents to reveal their commissions to clients. The...
Florida Braces as RMS Model Makes Landfall
Jun 6 2011 // Storm Model Hits Inland Territories; Could Alter Property Insurance Political Landscape Florida’s history with hurricanes has created a series of assumptions long treated as facts, none of which is more quoted than...
Living with Solvency II; A Top Regulator Gives His Views
Jun 3 2011 // Solvency II, the European Union’s imminent imposition of new and more sophisticated risk based regulation of its insurers, may not be the only elephant in the room It is, however the main focus of a great deal of...
North Carolina House Backs Liability Protections for Drug Makers
Jun 3 2011 // The North Carolina House has voted to give pharmaceutical companies sweeping product liability protections as part of a larger Republican effort to limit liability for North Carolina businesses. The proposed legislation...
Insurer Group Says More Workers’ Comp Reform Needed in Illinois
Jun 3 2011 // Illinois Gov. Pat Quinn plans to sign a major overhaul of Illinois workers’ compensation system that he said will mean “significant saving” for the state, but at least one insurance carrier trade group...
Judge: No Reduction in Fine, Restitution in Louisiana Man’s Death
Jun 3 2011 // A federal judge has declined to reduce the $1 million fine and $2 million in restitution he ordered paid by a Colorado company that admitted partial responsibility for the death of a Baton Rouge plant worker. Chief U.S....
Insurer Groups Say Windstorm Issue Must be Addressed in Texas
Jun 2 2011 // The Texas Legislature, which adjourned its regular session on May 30, passed a number of bills of interest to the property and casualty insurance industry, including tort reform legislation and a measure requiring that...
Pinnacol Audit Finds No Impropriety
Jun 2 2011 // An audit committee has found no evidence of impropriety in Pinnacol Assurance’s incentive, expense and pay policies, but nevertheless recommended the Colorado-based workers’ compensation insurer “maintain...
Supreme Court Rules Former AG Ashcroft Not Liable for Damages
Jun 2 2011 // The Supreme Court this week threw out damage claims against former Attorney General John Ashcroft over an American Muslim’s arrest, but four justices said the case raises serious questions about post-9/11 detentions...
Reversing Itself, Illinois House Passes Workers’ Comp Legislation
Jun 1 2011 // In a reversal, the Illinois House of Representatives has passed a measure that aims to reform the state’s workers’ compensation system just days after it rejected a previous version of the legislation. The...
North Carolina House Passes Workers’ Compensation Changes
Jun 1 2011 // The North Carolina House of Representatives has approved changes to rules governing workers’ compensation claims. The House chamber voted Tuesday in support of a consensus bill whose chief sponsor said came together...
Senate-Approved Workers’ Comp Overhaul Rejected by Illinois House
May 31 2011 // A major overhaul of the state’s costly workers compensation system failed in the Illinois House on May 29, raising the possibility that lawmakers would push to entirely abolish a system that handles tens of thousands...
Alabama Lawmakers Advance Bills Curbing Lawsuits
May 31 2011 // The Alabama Legislature has taken another step toward erasing the state’s one-time reputation for juries returning big cash lawsuit verdicts. The Alabama House gave final approval last week to three bills aimed at...
Workers’ Comp Reform Approved in Illinois Senate
May 31 2011 // A plan to overhaul workers’ compensation to cut business costs and curb corruption emerged May 28 and was approved by the Illinois Senate. The measure, which came after six months of negotiations and now heads to the...
Texas Windstorm Insurance Legislation Advances
May 25 2011 // The Texas Senate unanimously approved its version of a bill to revamp the state’s windstorm fund that insures coastal properties against hurricane damage. The Texas Windstorm Insurance Association reform measure,...
