Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Florida Governor Undecided on 10% Property Insurance Hike Measure
May 4 2009 // Customers of the state-backed Citizens Property Insurance Corp. in Florida will be paying 10 percent more for their property insurance by Jan. 1 under a bill headed to Gov. Charlie Crist. The Senate passed the bill (HB...
Texas Senate Approves Windstorm Bill
May 4 2009 // The Texas Senate approved a new structure for the state’s depleted windstorm insurance fund last week, providing a combination of potential rate hikes, bonding and other revenue to ensure the account gets...
Commissioner Says Insurers Violated Maryland Regulations
May 4 2009 // A year-long investigation by the Maryland Insurance Administration has found that 67 of the state’s 119 car insurers underpaid claims, Commissioner Ralph S. Tyler said. State regulators have fined the companies a...
As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises
May 4 2009 // Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their...
Nevada Lawmakers Discuss Identity Theft Prevention Plan
May 1 2009 // A Nevada Senate panel was urged to support an Assembly-approved plan that would help prevent identity theft by making less credit card information available on printed receipts. AB389 would prohibit printing more than the...
Pennsylvania Ex-Judge in Federal Prison for Insurance Fraud
May 1 2009 // An ex-judge for the Pennsylvania Superior Court has begun serving his 46-month sentence for insurance fraud at a minimum-security federal prison in West Virginia. Online federal prison record confirm that former judge...
Indiana Legislation Penalizes ID Thieves
May 1 2009 // An Indiana bill that would strengthen protections against identity theft is poised to win final approval from the Indiana General Assembly and move to the governor’s desk. House Enrolled Act 1121, the identity-theft...
Marsh Establishes ‘Protected Cell Captives’ in Wash. DC, Isle of Man
Apr 30 2009 // Marsh announced that it has established protected cell captive (PCC) [also known as segregated account] insurance facilities in Washington, DC, and Isle of Man “to serve the needs of small and mid-sized businesses...
Massachusetts RMV Chief Warns Lawmakers of Branch Closings
Apr 30 2009 // Massachusetts egistrar of motor vehicles is warning House members she will have to close one-third of RMV branches if they cut her budget as planned. Rachel Kaprelian said in a memo this week that trimming her budget from...
Judge Rules Transsexual Discrimination Protected Under Federal Law
Apr 30 2009 // A federal judge has awarded a former Army Special Forces commander nearly $500,000 because she was rejected from a job at the Library of Congress while transitioning from a man to a woman. Diane Schroer of Alexandria, Va.,...
North Carolina Judge Clears Way for Home Insurance Rate Changes
Apr 30 2009 // A Wake County judge has cleared the way for homeowners insurance rates to drop in nearly three dozen western North Carolina counties and soar along the coast starting Friday. Superior Court Judge Ronald Stephens this week...
Florida Senate, House Seek to Close Property Insurance Legislation Gaps
Apr 29 2009 // The Florida House and Senate are trying informally to work out differences in bills to address the state’s property insurance crisis, including how much rates for more than one million customers of the state-backed...
AIG a Lesson for European Watchdogs
Apr 28 2009 // AIG’s near collapse is a credit-crunch case study in how Europe can improve supervision of big cross-border insurers, a top EU market regulator said on Monday. The American insurer has received nearly $180 billion in...
U.S. Recovery Could Be Hurt by Fear of New Regulation
Apr 28 2009 // Too many regulators currently watch over U.S. companies and a fear that some industries may soon face even more rules could be hurting the U.S. recovery, two top financial industry executives said. “We need a lot...
County Commissioners Say Minnesota Bill Gives Lawyers a ‘Pay Raise’
Apr 28 2009 // A coalition of county commissioners from across Minnesota have formally voiced their opposition to a bill in the legislature that they claim would grant wealthy trial lawyers a pay raise at the expense of the state’s...
Louisiana Lawmakers OK $133M in Stimulus Spending
Apr 28 2009 // Four more highway projects, including the widening of Interstate 10 in Baton Rouge, will be funded with Louisiana’s share of the federal stimulus package after receiving quick approval Monday from lawmakers. The $133...
Florida Rep. Proctor Challenges Commissioner McCarty’s Insurance View
Apr 28 2009 // In my opinion, Florida Insurance Commissioner Kevin McCarty’s assertions that our state has “one of the most” competitive property insurance markets in the country and that easing rate regulation will not...
Rep. Frank: House Panel to Examine Federal Regulation Option for Insurance
Apr 28 2009 // A congressional panel will examine whether an optional federal charter for insurance companies is needed, the chairman of the U.S. House Financial Services Committee said Tuesday. The committee’s panel on insurance...
Florida House Approves Property Insurance Measure
Apr 27 2009 // The Florida House has approved property insurance legislation that promises to reduce the exposure of the state’s backup hurricane insurance fund and gradually raise rates for policyholders insured in state-backed...
AIG, Congress and Law of Unintended Consequences
Apr 27 2009 // When corporations want to borrow large sums of money they usually rely on selling bonds. Introductory college finance courses always include a chapter covering interest rates and bonds. So, much of the information I...
