Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Cross-Border Trucking, Competitiveness Concerns in Arizona
Oct 20 2008 // Being the sixth-largest state in the nation, and one of the fastest-growing, makes Arizona an attractive place to live and do business. And that means the state is desirable from an insurance perspective, too, according to...
Financial Crisis Dominates European Risk Manager Debates, Conference
Oct 20 2008 // One of Pat Oliphant’s more recent editorial cartoons shows presidential candidate John McCain held in the trunk of an enraged elephant labeled “The Economy.” “My friends,” says McCain to a...
Pressure Rising for Tighter Regulation of Insurance, Financial Services
Oct 20 2008 // With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months. Further-reaching regulation is almost certain. Previously obscure corners of...
Hauge Joins Michelman & Robinson’s Insurance Regulation Practice Group
Oct 17 2008 // Michelman & Robinson LLP announced that David Hauge will be joining the firm as a partner in its Los Angeles office. He brings more than 30 years of experience in insurance regulatory law to the Firm’s Insurance...
S&P Report Sees Opportunities In Saudi Arabia Insurance
Oct 16 2008 // In its latest report on the insurance market in the Kingdom of Saudi Arabia – Insurance And Reinsurance In The Kingdom of Saudi Arabia: Economic And Industry Risks Exist, But Market Prospects Remain Strong –...
Ohio Supreme Court Upholds Landmark Asbestos Reform Law
Oct 16 2008 // An Ohio Supreme Court ruling upholds the nation’s first asbestos litigation reform legislation, thereby helping truly sick victims of asbestos exposure get compensated quickly and fairly for their injuries, according...
Top U.S. Lawmaker, Ex-SEC Chief Blast Lax Regulators
Oct 16 2008 // The Securities and Exchange Commission should get more power to police credit derivatives even though it failed to use its existing authority to rein in risky behavior that contributed to a global financial crisis, a...
House Leader Frank Vows to Regulate Credit Default Swap Market
Oct 14 2008 // The head of a U.S. congressional finance panel said Monday he would seek to regulate the fast-growing $55 trillion credit default swaps market, which has been blamed for exacerbating the financial meltdown. Rep. Barney...
Oklahoma Lawmakers Consider Making ATVs and UTVs ‘Street-Legal’
Oct 14 2008 // Members of the Oklahoma House Transportation Subcommittee are considering whether to draft legislation making four-wheeled all-terrain and side-by-side utility vehicles “street legal. State Representatives Wallace...
New Ohio Workers’ Comp Law to Help 40,000 Employers
Oct 13 2008 // A new law has gone into effect that erases a competitive disadvantage for roughly 40,000 Ohio employers paying workers compensation premiums. For years, about 40,000 of the roughly 280,000 Ohio employers paying...
GOP Candidate Challenges Sen. Kerry on AIG Bailout
Oct 10 2008 // Democratic Sen. John Kerry’s Republican challenger in Massachusetts called on him to sell any stock he has in insurance giant American International Group and donate all campaign contributions from officials at the...
SEC Chief Cox Urges Congress to Regulate Credit Swaps
Oct 9 2008 // The chairman of the Securities and Exchange Commission on Wednesday urged the U.S. Congress to act now to provide oversight of the fast growing $55 trillion credit default swap market. The lack of regulation is a growing...
Connecticut Blonde Sues over Brown Dye; Judge Brushes Off Suit
Oct 9 2008 // A Connecticut judge has given the brush-off to a blonde woman’s lawsuit claiming L’Oreal Inc. ruined her social life when she accidentally dyed her hair brunette with one of its products. Charlotte Feeney says...
Judge Rules in Michigan Lawsuit Against Blue Cross
Oct 9 2008 // An Ingham County judge has ruled for and against Blue Cross Blue Shield in its defense against a state lawsuit accusing the insurer of illegally shifting money to help buy three workers’ compensation...
Former AIG Executives Draw Fire from U.S. Lawmakers
Oct 8 2008 // Lawmakers criticized American International Group Inc. Tuesday for ignoring financial warnings and for executive compensation deals and lavish spending, including a company gathering at an expensive resort just days after...
Texas Lawmakers to Review Ike Damage and State’s Response
Oct 8 2008 // Texas House of Representatives Speaker Tom Craddick has created a House Select Committee on Hurricane Ike Storm Devastation to the Texas Gulf Coast. The committee will be charged with reviewing the state and local...
Louisiana Regulator Honored by National Insurance Society
Oct 8 2008 // Ron Musser, the assistant commissioner of Financial Solvency for the Louisiana Department of Insurance, has received the Al Greer Achievement Award from the Insurance Regulatory Examiners Society (IRES), the department...
Pressure Rising for Tighter Regulation of Insurance, Financial Services
Oct 7 2008 // With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months. Further-reaching regulation is almost certain. Previously obscure corners of...
Louisiana Lawmakers Seek Limit on Named Storm Deductibles
Oct 7 2008 // Key Louisiana lawmakers plan to challenge property insurers by trying to limit the special deductibles they can impose when homes are damaged by tropical storms and hurricanes. The so-called “named-storm”...
AIG Had Early Warning from Government Regulators on Risk, Says House Chairman
Oct 7 2008 // U.S. regulators sent a letter to American International Group Inc. in March warning of its lack of transparency and ability to oversee its financial products, a top Democratic lawmaker said Tuesday. Rep. Henry Waxman, who...
