Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Florida Gov. Crist Names Hill As Compensation Judge
Mar 27 2009 // Florida Governor Charlie Crist has named Marjorie Renee Hill of Tallahassee as Judge of Compensation Claims. Hill, 47, has served as the director of the First District Court of Appeal’s Workers’ Compensation...
Obama Plan Retains Their Insurance Role, Say State Regulators
Mar 27 2009 // According to National Association of Insurance Commissioners (NAIC) President and New Hampshire Insurance Commissioner Roger Sevigny, the most recent financial services regulatory proposal from the Obama Administration...
Obama Plan Would Tighten Regulation of Large Financial Firms
Mar 27 2009 // Wall Street faces curbs on risk taking and the prospect of lower profits under sweeping U.S. proposals to prevent a repeat of the credit crisis. The Obama administration’s plan to rewrite financial rules, announced...
Sonnichsen to be Chief Contact in D.C. on State Insurance Regulation
Mar 27 2009 // The National Association of Insurance Commissioners (NAIC) has named Ethan Sonnichsen as Government Relations director. Sonnichsen previously served as Government Relations manager. In his new position, Sonnichsen is...
Missouri Senate Repeals Fire Marshal Inspection Rule
Mar 27 2009 // On March 25, Missouri Senators endorsed legislation that would repeal a requirement that fire safety inspections in Missouri long-term care facilities be performed by local fire departments or the state fire...
Insurers Find Geithner Regulatory Plan Unclear on Federal Role
Mar 27 2009 // The nation’s insurance industry found some things to like and not to like in Treasury Secretary Timothy Geithner’s proposed restructuring of financial services regulation. While Secretary Geithner said that any...
California Workers’ Compensation Division Names Temporary Deputy Administrative Director
Mar 26 2009 // While California’s Division of Workers’ Compensation (DWC) Chief Deputy Administrative Director Carrie Nevans takes temporary personal leave, the Department of Industrial Relations (DIR) Director John Duncan...
Georgia Lawmakers Defeat Pickup Truck Seat Belt Law
Mar 26 2009 // A bid to require adults in pickup trucks to buckle their seat belts was narrowly defeated by a Georgia House panel, defying supporters of stronger safety standards that have been adopted by much of the nation. The House...
Tenn. Lawmaker Drops Immunity Claim in Libel Suit
Mar 26 2009 // A Republican lawmaker in Tennessee has dropped claims of legislative immunity for comments he made on his personal blog that sparked a $750,000 libel lawsuit. State Rep. Stacey Campfield of Knoxville was sued by Roger...
Democrats’ Bills Would Create U.S. Financial Product Safety Commission
Mar 26 2009 // Democrats in the U.S. House of Representatives Wednesday introduced legislation that would create a financial products watchdog to crack down on unsafe lending practices. Bill Delahunt of Massachusetts and Brad Miller of...
Montana Legislature Passes Industry-Backed Captive Insurance Law
Mar 26 2009 // The Montana Legislature has passed abill designed to strengthen the state’s position as a captive domicile. The bill, HB 160, is expected to be signed into law by Governor Brian Schweitzer before the end of the...
Connecticut Lawmakers Delay Vote on AIG Bill
Mar 26 2009 // The Connecticut House of Representatives is not ready to vote on a bill that would stop companies that received federal assistance, such as American International Group Inc., from awarding bonuses under a state...
AIG, Credit Default Swaps and the Lack of Regulation
Mar 25 2009 // Credit default swaps (CDS’s) total $58 trillion in notional value (face value) worldwide and are regulated by…no one; this according to September 23, 2008, testimony given before congress by Christopher Cox, US...
Sen. Nelson Seeks U.S.Help on Florida Hurricane Losses
Mar 25 2009 // U.S. Sen. Bill Nelson has asked the U.S. Treasury to provide assurances to private market lenders that any loans they make in Florida would be repaid at fair market interest in the event of a catastrophe. Nelson, however,...
Obama Team Seeks Powers to Wind Down Non-Banks Like AIG
Mar 25 2009 // The Obama administration Tuesday mounted a full-scale push for government authority to shut down troubled institutions like insurer AIG to avoid the need for future bailouts. U.S. Treasury Secretary Timothy Geithner,...
Judge Blocks Some North Carolina Beach Plan Price Hikes, Orders Redo
Mar 25 2009 // A Wake County judge has ordered new North Carolina Insurance Commissioner Wayne Goodwin to reconsider deductible and surcharge increases for coastal homeowners in the state insurance pool called the Beach Plan. Wake County...
Oklahoma House Calls for More Stringent Youth ATV Regulations
Mar 25 2009 // A resolution urging the federal government to amend regulations banning the sale of youth all-terrain vehicles and motorcycles has been passed by the Oklahoma House of Representatives. House Resolution 1024, by state Reps....
Insurers Oppose Minnesota Consumer Credit Ban Bill
Mar 24 2009 // While insurance consumer advocates step up their criticism of insurers’ use of credit scores, the American Insurance Association (AIA) and Property Casualty Insurers Association of America testified before a...
Insurance Exclusion Applies to Liquidator, Nebraska Court Rules
Mar 24 2009 // A regulatory exclusion in a directors and officers liability insurance policy applies to an insurance regulator acting as liquidator, according to the Nebraska Supreme Court. The ruling is believed to be the first by any...
Senate Push Over AIG Bonuses Appears to Lose Steam
Mar 24 2009 // U.S. Senate Majority Leader Harry Reid vowed Monday to push to recoup millions of dollars in executive bonuses at taxpayer-funded insurer American International Group, but the legislation appeared to be losing momentum in...
