Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Atwater, Ausley Vie to Succeed Sink As Florida CFO
Oct 19 2010 // Although Florida’s next chief financial officer will take charge during one of the rockiest times in the state’s financial history, the race has received little attention amid higher-profile races for the U.S....
Insurers Urge State Regulators to Focus on Streamlining Regulation
Oct 18 2010 // The American Insurance Association (AIA) wants state regulators to emphasize regulatory “effectiveness and efficiency” at the National Association of Insurance Commissioners’ (NAIC) fall meeting in...
California’s Commissioner Hopefuls
Oct 18 2010 // Unlike many voters, the hundreds and thousands of independent insurance agents and brokers in California know the November 2 election will be a pivotal one. After all, on that day, Californians will select a new insurance...
Mississippi Casino’s Barge Not Liable for Marina’s Damage During Katrina
Oct 15 2010 // The owners of a Biloxi marina damaged by a casino-owned barge that came loose during Hurricane Katrina are considering an appeal of a Mississippi court ruling that the casino is not liable for the destruction. Last week,...
Lloyd’s McGovern Navigates Turbulent U.S. Waters; Part I
Oct 15 2010 // A recent article in Lloyd’s “Market” magazine noted that Sean McGovern, General Counsel and, since February 2010, the Director of Lloyd’s North America, “loves to mess about in boats in his...
Judge Lets States’ Suit Against Obama Healthcare Law Proceed
Oct 14 2010 // U.S. states can proceed with a lawsuit seeking to overturn President Barack Obama’s landmark healthcare reform law, a Florida judge ruled Thursday. U.S. District Judge Roger Vinson had said at a hearing last month...
Ironshore to Offer Monoline Network Security, Privacy Liability Coverage
Oct 13 2010 // IronPro, the professional liability division of Ironshore Inc. has introduced Enterprise PrivaProtector 9.0 to assist businesses in managing their network security and privacy risks. In 2010, the Identity Theft Resource...
Enforcement Issues Complicate Mississippi’s Efforts on Texting Drivers
Oct 13 2010 // Undoubtedly bills will be filed to strengthen Mississippi’s texting-while-driving ban during the 2011 legislative session, and questions about enforcement are sure to be raised. A law enacted in 2009 banned beginning...
States Hosting International Insurance Regulators
Oct 13 2010 // The National Association of Insurance Commissioners (NAIC) welcomed 13 regulators from China, India, Korea, Lebanon, Republic of Srpska and Thailand to its International Internship Program for Education and Regulatory...
Judge Cuts Fines Against ICG for Deadly Sago Mine Blast in 2006
Oct 12 2010 // An administrative law judge has reduced some of the fines levied against International Coal Group Inc. for the 2006 Sago Mine explosion that killed 12 men and downgraded some violations the Mine Safety and Health...
Clock is Ticking on Surplus Lines Tax Reform
Oct 12 2010 // The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in the massive reform bill that would modernize regulation...
Biglari Holdings Makes Another Bid to Take Over Fremont Michigan
Oct 12 2010 // Texas- based Biglari Holdings, which runs Steak n Shake and other restaurants, is making another bid for the Michigan property/casualty insurer, Fremont Michigan InsuraCorp. Inc. The San Antonio holding company has...
Calif. Iranian Investment Regs Ruled Improper
Oct 12 2010 // The California Office of Administrative Law has ruled that state Insurance Commissioner Steve Poizner’s Iranian investment regulations were improper. Earlier this year, the California Department of Insurance...
BP Gulf Oil Disaster Legacy Includes Higher Risk, Insurance Costs
Oct 12 2010 // The Gulf of Mexico oil spill will push up costs and reduce the number of offshore oil and gas operators in U.S. waters for a long time to come, oil company executives told an industry conference in London on Tuesday. More...
U.S. Judge Upholds Individual Mandate in Obama Healthcare Law
Oct 8 2010 // A U.S. judge Thursday upheld a key part of President Barack Obama’s signature healthcare law that requires Americans to obtain coverage, rejecting a challenge by a conservative interest group. The Thomas More Law...
Foreign Insurers Need Adaptability to Share in Gulf Market
Oct 7 2010 // International insurers seeking a bigger share of the potentially lucrative Gulf market need to adapt quickly to regulatory changes and tap into growth areas like Islamic finance or risk being muscled out of...
Safety Remains a Concern for Nanotechnology Says Lloyd’s
Oct 7 2010 // Nanotechnology is finding wider and broader use in modern technology. It is “transforming product design and innovation among manufacturers of electronics goods, textiles, cosmetics and foodstuffs as well as in other...
Oklahoma Updates License, CE Requirements for Work Comp Adjusters
Oct 7 2010 // The Oklahoma Department of Insurance issued a bulletin reminding workers’ compensation insurance adjusters they must be licensed to operate in the state. Licensed workers’ comp claims adjusters also must...
Survey: Execs Still Concerned Over Profitability, Double-Dip Recession
Oct 7 2010 // U.S. insurance executives report that despite improving market conditions, they remained concerned about their company’s performance and the industry’s ability to generate underwriting profit amid continuing...
Lower Corporate Taxes Could Help Preserve London’s Competitiveness
Oct 5 2010 // The City of London is just emerging from the recession brought on by the financial crisis, but it’s “clear there are numerous challenges ahead if it is to retain its global importance as a center for financial...
