Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
What’s In the NRRA?
Oct 4 2010 // Reporting, Payment, and Allocation of Premium Taxes: Only the home state of insured may require premium tax payment. States may enter into a compact or other procedures to allocate among the states taxes paid to home...
Another Gusher to Cap
Oct 4 2010 // New Taxes, Regulations and Red Tape Threaten Future of Small Business After weeks of news bulletins, press conferences and images of oil surging from a blown-out Gulf of Mexico well, we all breathed a sigh of relief when...
Homeowners’ Madoff Claims Not Covered Under AIG Policy: Judge
Oct 1 2010 // American International Group Inc. need not make payments to some former Bernard Madoff clients who said their homeowner insurance policies entitled them to coverage for alleged losses, a judge ruled. Two California...
Lloyd’s Chairman Warns on Peril of Over-Regulation; Urges Growth
Oct 1 2010 // Lloyd’s Chairman, Lord Peter Levene warned a receptive audience at Lloyd’s City dinner that the current focus on regulation should not get in the way of strategies for future growth. His speech was addressed to...
UK, Guernsey Execs Strengthen Relationships with China
Sep 30 2010 // Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, recently joined the Lord Mayor of the City of London, Alderman Nick Anstee, for a trip to Beijing and...
Judge Keeps TWIA Ike Settlement Information Private for Now
Sep 30 2010 // Galveston County Judge Susan Criss on Sept. 27 put on hold a Texas state representative’s request for information from the Texas Windstorm Insurance Association regarding a $189 million settlement in a class action...
Federal Regulators Taking New Steps to Identify Most Dangerous Mines
Sep 30 2010 // Federal regulators have implemented new measures for identifying the nation’s most dangerous mines, replacing what U.S. Labor Secretary Hilda Solis had called a “badly broken” process. The Mine Health and...
Help Wanted: U.S. Insurance Chief; Salary to $179K, Good Benefits; D.C. Office
Sep 29 2010 // The U.S. Treasury is looking for a Director of the Federal Insurance Office. The full-time job pays $119,554 to $179,700 per year depending on experience. Applications will be accepted from all qualified individuals until...
California Modifies Privacy Regulations, Makes Insurance Shopping Easier
Sep 27 2010 // In what’s being called “a major victory for insurance agents and brokers,” the California Department of Insurance has notified the California Office of Administrative Law of its intention to repeal...
Judge Refuses to Dismiss Securities Fraud Lawsuit Against AIG
Sep 27 2010 // A judge refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and $182.3 billion of...
SW Idaho Lawmaker to Pursue Texting Ban
Sep 24 2010 // A southwestern Idaho lawmaker plans to make another run at banning texting while driving. Republican state Sen. John McGee laments the Idaho Legislature’s failure in 2010 to pass a ban. A bill passed the Senate, but...
Congress Takes Aim at Cybersecurity Threats
Sep 23 2010 // Proposed cybersecurity legislation circulating on Capitol Hill would give the president the power to declare an emergency in the case of big online attacks and force some businesses to beef up their cyber defenses and...
Texas Lawmaker Revives Disputed TWIA Information Request
Sep 23 2010 // A Texas state representative has issued a second request for information from the Texas Windstorm Insurance Association regarding a $189 million settlement in a class action lawsuit stemming from Hurricane Ike that was...
European Union to Establish New Financial ‘Watchdogs’ in January
Sep 22 2010 // European Union lawmakers gave their final approval on Wednesday for the creation of watchdogs to regulate European banking, insurance and trading, in one of the most far-reaching financial reforms of the decade. Putting...
Republicans Want to Revisit Financial Regulation Reform Bill
Sep 21 2010 // Republicans will reopen the broad Wall Street reform law and overhaul the newly created consumer protection bureau if they regain control of Congress after the November elections, a leading lawmaker said Monday. Richard...
New Orleans Judge Handling BP Oil Cases a ‘Straight Shooter’
Sep 17 2010 // The judge overseeing hundreds of lawsuits spurred by BP Plc’s Gulf of Mexico oil spill brought his much-noted calm, easy manner to the first major hearing in what could be one of the most complex and costly court...
Judge Urges BP Oil Disaster Litigants to Settle, Avoid Trial
Sep 17 2010 // The U.S. judge overseeing the hundreds lawsuits filed by shrimpers, restaurateurs and others against BP Plc and its partners as a result of the Gulf of Mexico oil spill urged the parties on Thursday to consider an...
Florida Workers’ Comp Law Shields Disney World, SeaWorld from Suits
Sep 17 2010 // They are two of Central Florida’s biggest and best-known employers — and both face the prospect of potentially ugly lawsuits stemming from a worker’s death on the job. And yet Walt Disney World, which is...
Warren Vows to End Financial ‘Tricks and Traps’ with New Consumer Agency
Sep 17 2010 // Wall Street critic Elizabeth Warren said Friday she accepted the job of setting up a consumer financial protection agency for U.S. President Barack Obama and declared that the time for financial “tricks and...
Aging Gas Pipe at Risk of Explosion Nationwide
Sep 16 2010 // The tragic gas pipeline explosion in a San Francisco suburb has shed light on a problem usually kept underground: Communities have expanded over pipes built decades earlier when no one lived there. Utilities have been...
