Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Panel on BP Oil Spill Calls for Tougher Oversight
Jan 24 2011 // A White House commission probing BP’s massive oil spill has called for an overhaul of a regulatory system that was “entirely unprepared” for disaster and outlined stringent, new oversight, a plan sure to...
Ohio Uninsured Motorist Litigation Tied to Money for Charities
Jan 24 2011 // An Ohio insurance company in late 2010 successfully challenged a class action lawsuit involving uninsured motorist/underinsured motorist (UM/UIM) coverage in a case that played prominently in a campaign to change the way...
Missouri Business Leaders Urge Tort, Workers’ Comp, Employment Law Reforms
Jan 24 2011 // Business leaders in Missouri are asking state lawmakers for reforms that they say will help protect and create jobs. Among the priorities, which proponents are calling “Fix the Six,” are bottom-line issues for...
Captivated By Potential
Jan 24 2011 // Northeast State Have Uneven Success Attracting Captives States across the Northeast continue to look at captive insurance companies as a potential source of new business — and tax revenue — but the continued growth of...
New York Insurers Applaud Plan to Merge State’s Regulatory Arms
Jan 24 2011 // A key trade group for insurers in New York State applauded a proposal by Gov. Andrew Cuomo to merge the state’s insurance regulatory arm into a single agency overseeing insurance, banking and consumer protection. The...
Much State Regulatory Ado About Little
Jan 24 2011 // Home State Taxation Under the NRRA As of July 21, 2011, the Nonadmitted and Reinsurance Reform Act (NRRA), also known as Subtitle B of the Dodd-Frank Wall Street Reform and Consumer Protection Act, reshapes the landscape...
Washington Governor Wants to Reform Workers’ Comp
Jan 24 2011 // Washington Gov. Chris Gregoire has proposed several changes to the state’s workers’ compensation system to help the state out of the recession and support the vitality of businesses. She estimates the proposed...
States Grapple with Healthcare Overhaul
Jan 24 2011 // True or false: States suing to overturn core requirements of President Barack Obama’s health care overhaul are refusing to carry out the law. If you said ‘true,” you’d be wrong. Republican state...
Florida Looking for Ways to Curb Sinkhole Losses
Jan 24 2011 // Florida lawmakers are trying to address the cost of sinkhole claims, which state officials and insurers say are driving up property insurance rates and could threaten the solvency of some domestic insurers if not brought...
Lower Collateral for 7 Reinsurers
Jan 24 2011 // Bermuda-based Renaissance Reinsurance Ltd. has been approved to participate in Florida’s property reinsurance marketplace with modified collateral requirements. In 2007, Florida lawmakers passed legislation that...
McPeak to Head Tennessee Commerce, Insurance
Jan 24 2011 // Republican Gov.-elect Bill Haslam has named insurance regulatory attorney Julie McPeak to oversee the Tennessee Department of Commerce and Insurance. The department includes the Consumer Affairs, Insurance, Securities,...
Panel on BP Oil Spill Calls for Tougher Oversight
Jan 24 2011 // A White House panel probing BP’s massive oil spill has called for an overhaul of a regulatory system that was “entirely unprepared” for disaster and outlined stringent, new oversight, a plan sure to face...
Court Upholds Florida Regulator in Denial of Texas Insurer
Jan 23 2011 // A Texas-based workers’ compensation insurer has lost its appeal of rulings by the Florida insurance commissioner that have blocked it from doing business in the state. On Jan 20, without explanation, a three-judge...
November Elections Brought Insurance Power Shift
Jan 21 2011 // The Republican takeover of the House of Representatives bodes well for the insurance industry, according to one leading Washington insurance lobbyist. “I think it will be an environment that will be a little more...
Oklahoma Lawmaker Proposes Texting While Driving Ban
Jan 21 2011 // Texting while driving would be illegal in Oklahoma under a bill being proposed in the House. State Rep. Danny Morgan, D-Prague, unveiled the bill Jan. 19, flanked by members of law enforcement, health officials and...
Debate on Repeal of Wisconsin Auto Insurance Changes Begins
Jan 20 2011 // Republicans in the Wisconsin Legislature are aiming to repeal most of the auto insurance coverage increases mandated by Democrats, which industry and state regulators blame for higher premiums. Insurers are supporting the...
House Passes Repeal of Healthcare Law
Jan 20 2011 // The Republican-led U.S. House of Representatives passed legislation that would repeal President Barack Obama’s landmark healthcare reform law Wednesday in a mostly symbolic move likely to be scuttled in the...
Agent Group Sounds Alarm Over Federal Insurance Study
Jan 19 2011 // Congress should refuse to fund a study of insurance regulation that the new Federal Insurance Office is supposed to conduct, an insurance agents’ trade group said. The National Association of Professional Insurance...
Lawmakers Consider Ending Some Pinnacol Tax Breaks
Jan 19 2011 // Colorado lawmakers are considering getting rid of some tax exemptions for Pinnacol Assurance. The Joint Budget Committee decided last week to draw up the legislation. The decision follows the release of documents showing...
Texas Lawmaker Proposes Bill Aimed at Reducing Drunk Driving
Jan 19 2011 // Texas state Rep. Bill Callegari (District 132, Katy) has introduced House Bill 506 to require that all persons convicted of driving while intoxicated have an ignition interlock device installed in their vehicle. The bill...
