Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
New York to Oversee AIG Sales; Regulate Credit Swaps as Insurance
Oct 6 2008 // New York State Insurance Superintendent Eric Dinallo, who heads a national panel of state regulators overseeing possible sales of assets by American International Group (AIG), has asked an investment advisory firm to...
Lawmaker Calls for AIG Internal Documents
Oct 6 2008 // Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked the new chief executive officer at American International Group Inc. to give his committee internal documents related to...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Declarations
Oct 6 2008 // Federal vs. state—AIG “This argument is fundamentally flawed because it is based on a totally inaccurate assumption of facts. First and foremost, AIG is not an insurance company; it is a federally-regulated holding...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group —...
Lawmaker Calls for AIG Internal Documents
Oct 6 2008 // Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked the new chief executive officer at American International Group Inc. to give his committee internal documents related to...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group —...
Insurers Need to Beware of Business ‘Red Flags’
Oct 6 2008 // Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Lessons Learned from the AIG Crisis
Oct 6 2008 // Insurance Journal‘s exclusive “AIG in Crisis Survey” asked independent agents: What insurance, management, economic, regulatory or other lessons the industry and public should learn from AIG’s...
State Regulators Blast Federal Regulation Advocates Over AIG
Oct 6 2008 // State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal...
ID Theft Insurance: Oasis or Mirage?
Oct 6 2008 // Is It Worth Recommending to Valued Agency Clients? A client concerned about identity theft might consider moving to the Dakotas. It’s best to stay away, however, from Arizona, California, Nevada, Texas, Florida and...
Alabama Judge Stops 2-year System Employee Plan
Oct 3 2008 // A Montgomery, Ala. circuit court judge barred the two-year college system from changing the classification of 140 employees in a way that would remove their tenure benefits. Post-secondary officials sought to move the...
President Bush Signs $700 Billion Wall Street Bailout Bill
Oct 3 2008 // The House of Representatives voted 263-171 to pass a $700 billion Wall Street rescue bill and sent it to President Bush, who signed it into law this afternoon. The Senate passed the measure earlier this week. The House had...
New York Judge: Nibble on Cinema Popcorn at Own Risk
Oct 2 2008 // Movie munchers beware! A New York judge says popcorn purchasers worried about breaking a tooth on unpopped kernels should nibble carefully — or eat something else. Insurance broker Steve Kaplan says he encountered a...
California Governor Vetoes Workers’ Comp Legislation
Oct 2 2008 // California Gov. Arnold Schwarzenegger has vetoed three bills he said would have interfered with the state’s workers’ compensation system. SB 1115 Permanent Disability Apportionment would have prohibited...
Pennsylvania Ex-Judge Spent Insurance Money on House, Hot Tub
Oct 1 2008 // Federal prosecutors say retired Pennsylvania Superior Court Judge Michael Joyce spent $440,000 in insurance money on a new house, hot tub, motorcycle, jewelry and cosmetic surgery for a woman he has since married. Joyce is...
New York Signs Regulatory Pact with Bermuda
Sep 30 2008 // Insurance regulators in New York and Bermuda have signed an agreement that calls for closer cooperation between the two agencies in overseeing insurance matters. New York State Insurance Superintendent Eric Dinallo and...
President Bush Urges Congress to Act After Bailout Bill Failure
Sep 30 2008 // President Bush Tuesday said the U.S. economy was depending on decisive action from the government on a financial bailout plan or the economic damage could be “painful and lasting.” “I assure our citizens...
