Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Florida, German Insurance Regulators Sign Cooperation Pact
Jun 22 2009 // Florida Insurance Commissioner Kevin McCarty announced that the Office of Insurance Regulation and the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) have agreed to work together on sharing and...
New Rhode Island Law Saves Residents Money When Storms Loom
Jun 19 2009 // A new law could save homeowners money when a hurricane off the Atlantic coast churns up weather strong enough to damage homes in Rhode Island but never reaches the state. Legislation signed last week by Gov. Don Carcieri...
Florida Amends Rules for Reporting Professional Liability Claims
Jun 18 2009 // Florida Gov. Charlie Crist has signed into law a bill that amends the rules for reporting of professional liability claims by insurers and health care providers. The bill (SB 2252) also defines when a claim exists and sets...
Did Florida’s 2003 Reforms Reduce Workers’ Comp Attorney Involvement?
Jun 18 2009 // After Florida limited the fees paid to attorneys in workers’ compensation in 2003, attorney involvement in cases fell only slightly, according to new research. A significant proportion of Florida workers injured at...
House Divided Over Future of Insurance Regulation
Jun 18 2009 // House lawmakers are divided about how to supervise the insurance industry as Congress reviews the Obama administration’s blueprint for a broad overhaul of the nation’s financial rule book. Rep. Paul Kanjorski,...
Florida Judge Rules Out Punitive Damages in Accounting Malpractice
Jun 17 2009 // A Miami judge ruled on Tuesday that BDO International B.V. should not have to pay $352 million in punitive damages awarded against its U.S. member, BDO Seidman, in an ongoing landmark audit malpractice trial. Closing...
Main Provisions of Obama Reform Plan for Financial Regulation
Jun 17 2009 // President Barack Obama plans on Wednesday to unveil his proposal to overhaul U.S. financial regulatory system. Here are the main provisions as outlined by administration officials and as detailed in a document obtained by...
Obama Unveils Plan for Financial Regulation Today
Jun 17 2009 // President Barack Obama will unveil on Wednesday his plans for reshaping U.S. financial regulation, with proposals to close one bank regulator and create new overseers for big-picture economic risk and consumer financial...
Special Examiner To Oversee AIG’s California Insurance Operations
Jun 17 2009 // As American International Group (AIG) continues its restructuring, California Insurance Commissioner Steve Poizner has appointed a special examiner to assist in the monitoring of AIG’s insurance...
Judge: No Coverage for N.J. Manic Depressive with a Credibility Problem
Jun 17 2009 // A New Jersey woman who claimed her bipolar disorder was brought on by a stressful relationship with her boss is not eligible to collect workers’ comp benefits, a compensation judge has ruled. The case was brought by...
Obama Administration White Paper Outlines Views on Insurance Sector
Jun 17 2009 // The U.S. Treasury department today issued a white paper entitled, Financial Regulatory Reform: A New Foundation. The following is an excerpt from the report on insurance: Enhance Oversight of the Insurance Sector Our...
Obama Insurance Views Mirror Those of P/C Agents, Insurers, Regulators
Jun 17 2009 // The Obama administration’s views on insurance regulation are in keeping with those of many within the property/casualty insurance industry as well as state regulators who now regulate the industry. Most in the...
Retired West Virginia Judge to Replace Benjamin in Massey Retrial
Jun 16 2009 // A retired Putnam County judge has been picked to replace state Supreme Court Chief Justice Brent Benjamin on a case involving Massey Energy. Acting chief justice Robin Davis appointed James Holliday on Thursday to serve on...
Democrats Eye Health Co-Ops as Health Insurance Option Compromise
Jun 16 2009 // With Republicans fighting the idea of a government-run health insurance plan, Obama administration officials said that they are open to a compromise: a cooperative program that would expand coverage with taxpayer money but...
Interstate Insurance Product Regulation Commission Names Director
Jun 16 2009 // The Minneapolis-based Interstate Insurance Product Regulation Commission (IIPRC) has named Karen Schutter as the new executive director. Schutter has served as the interim executive director since December 2008. She will...
Central Oversight of Levees Needed, Arkansas Lawmakers Told
Jun 16 2009 // Arkansas is putting its residents and economy at risk by failing to adopt a centralized system for flood-levee oversight, the state’s lawmakers have been told. Representatives from the Arkansas Natural Resources...
Lawmakers Want to Improve New Jersey’s Storm Preparedness
Jun 16 2009 // There have always been lingering concerns over how New Jersey would be able to quickly evacuate large numbers of people during hurricanes or other natural disasters, especially among coastal residents. And with that in...
Michigan Regulator: Home, Auto Insurance Forms Must Be Filed with State
Jun 15 2009 // Michigan’s insurance regulator is reinstating a requirement that insurance companies submit all home and auto insurance documents and forms to the state insurance department for review prior to using them. The order...
Illinois DOI Independent Again
Jun 15 2009 // The Illinois Department of Insurance (DOI) is once again an independent division of state government, a position it held for more than a century prior to its consolidation with several other state agencies in 2004. Gov....
Florida Governor Signs Citizens Insurance 10% Rate Hike Bill Into Law
Jun 15 2009 // Florida Gov. Charlie Crist has signed legislation that will increase property insurance rates by 10 percent annually on more than one million customers of the state-backed Citizens Property Insurance Corp. and gradually...
