Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Oklahoma Senate Approves Workers’ Compensation Judge Plan
May 21 2009 // Republicans have pushed another issue to a statewide vote to counter a gubernatorial veto – this time a plan to require Senate confirmation of Workers’ Compensation Court judges. The Oklahoma Senate gave final...
Missouri DOT Urges Governor to Veto Repeal of Motorcycle Helmet Law
May 21 2009 // Missouri Transportation Director Pete Rahn says legislation repealing the state’s motorcycle helmet law for adults “makes no sense” and that Gov. Jay Nixon should veto it. Lawmakers during their annual...
U.S. Financial Product Safety Commission Proposal Still on Table
May 20 2009 // The Obama administration is studying a long-discussed proposal to create a U.S. agency that would protect consumers who buy financial products, possibly as part of a major package of reforms, congressional aides said on...
Litigation Expected on Minnesota Insurance Bill as Session Ends
May 20 2009 // The 2009 Minnesota legislative session has wrapped up with lawmakers taking action on a number of insurance bills. One in particular has insurer trade groups questioning whether litigation will follow after the measure...
Fitch Advises Florida Insurance Market Remains ‘Fragile’
May 20 2009 // Fitch Ratings agency is advising that the Florida property insurance market is “fragile” and remains a “peak risk zone.” The Florida assessment is included in a Fitch report for investors right...
Oklahoma House Passes Workers’ Comp Judge Resolution
May 20 2009 // A resolution that would ask voters to require Senate confirmation of Oklahoma Worker’s Compensation Court judges has passed the Oklahoma House less than a month after Gov. Brad Henry vetoed similar legislation. The...
Reinvention in Insurance: Is it Possible?
May 18 2009 // Despite what you may think, the insurance industry has not changed much in the past century. The insurance industry was regulated in 1945 with the passage of the McCarran-Ferguson Act that allows insurance to be regulated...
Home Defect Bill Divides Nevada Lawmakers
May 18 2009 // Nevada senators and sssembly members are battling over a construction defect bill that has turned into one of the most contentious issues of the 2009 Nevada Legislature, now in its final weeks. Senators voted 19-1 in...
P/C Insurance Agents Battle Public Health Care Reform Option
May 18 2009 // Lobbyists for property/casualty insurance agents have elevated health care reform to the top of their political agenda. P/C agents have addressed health insurance legislation in the past but the issue has taken on new...
No Resolution on Credit Scores
May 18 2009 // The use of credit scores by insurance companies in rating methodologies continues to be unresolved in several Midwest states, as evidenced by ongoing court battles and legislative actions aimed at tweaking existing...
Indiana Lawmakers Eliminate Policy Re-rate Mandate
May 18 2009 // The Indiana General Assembly has removed a provision in Indiana law requiring insurance companies to re-rate an insurance policy at least once every three years based on current credit information. The decision to re-run...
Florida Restores Cap on Workers’ Compensation Attorneys’ Fees
May 18 2009 // Florida has passed legislation to restore a cap on attorneys’ fees in workers’ compensation cases, a measure backed by the state’s insurance regulator. The bill (HB 903) effectively overturns a Florida...
Mennonites Seek Auto Insurance Law Exemption
May 18 2009 // The small community of Mennonites that multiplied along a web of dirt roads in rural southeast Georgia has steadily grown the same way it does just about everything: Quietly. The community’s 100 or so members have...
Florida Approves Bill to Raise Property Insurance Rates
May 18 2009 // Florida Gov. Charlie Crist has said he would sign legislation passed at the eed of the legslative session that increases property insurance rates by 10 percent on more than 1 million customers of the state-backed Citizens...
Amid Obstacles, Opportunities Exist
May 18 2009 // In today’s environment, the value of personal relationships, soar. Nobody fosters these better than insurance agents. You don’t need to get too deep into conversation these days to find out people are afraid....
Outside the Beltway-Big ‘I’ CEO on Carrier Relations, AIG and Agent Grassroots
May 18 2009 // Bob Rusbuldt, president and CEO of the Independent Insurance Agents & Brokers of America (Big “I”), sat down with Insurance Journal‘s Andrew Simpson at the association’s recent legislative...
Inside the Beltway-Federal Regulation Threat Remains Priority
May 18 2009 // Health care reform hasn’t completely overwhelmed federal regulation as a concern in Washington, at least for insurance agents. They believe that given all of the current financial turmoil, some type of financial...
Capital, Capital, or Where Did All the Money Go?
May 18 2009 // At least the global depression has focused people’s minds on some important issues. The Group of 20 (G20) meeting in London acknowledged the need for more capital to shore-up the world’s financial system...
Inside the Beltway-Why Health Care Reform Matters to P/C Agents
May 18 2009 // P/C Agents Join Fight Against Competing Government Health Plan Property/casualty insurance agents have elevated health care reform to the top of their political agenda; the matter is now just a notch below the perennial...
Max Capital Wins Court Ruling Dismissing Validus Expedition Request
May 15 2009 // The Bermuda-based Max Capital Group Ltd. Has won a skirmish in its fight with Validus Holdings over the acquisition of IPC Re when the Bermuda Supreme Court dismissed the application by Validus to expedite its suit against...
