Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
People
Jun 4 2007 // National Insurance Partners Inc. (NIP), a Texas-based risk management and financial solutions firm, has appointed William E. Harrison, Jr. as president. Harrison brings 16 years of experience in the insurance industry to...
News Currents
Jun 4 2007 // Washington Insurance Fair Conduct Act becomes law Insurance industry associations are criticizing Washington Gov. Chris Gregoire for signing into law the Insurance Fair Conduct Act, a measure they say will raise insurance...
Climate Change: Directors’ and officers’ risk ahead?
Jun 4 2007 // For years, environmental issues, including issues arising from global warming, have hovered on the periphery of concerns affecting directors’ and officers’ liability exposure. But an April 2, 2007, decision by...
If Fla. No-Fault Expires, State Farm’s Rates Could Drop 16%
Jun 1 2007 // State Farm will be able to cut its car insurance rates by about 16 percent on average if lawmakers do not continue the state’s no-fault accident system, state insurance regulators ruled this week. The Office of...
S.C. Senate Follows House in Approving Coastal Insurance Bill
Jun 1 2007 // The South Carolina Senate has approved omnibus legislation that backers hope will ease the insurance cost and availability crunch facing coastal property owners in the state by providing discounts and tax breaks. The...
Hauge Named Partner at Sonnenschein Nath & Rosenthal
Jun 1 2007 // Sonnenschein Nath & Rosenthal LLP has named David F. Hauge a partner in the Insurance Regulatory Practice Group, in the company’s Los Angeles office. Hauge has more than 30 years of experience in the insurance...
S&P Warns EU Insurers Not to Ignore Solvency II
May 31 2007 // Standard & Poor’s Ratings Services has issued a report – “Beware Solvency II: As The 2010 Implementation Date Looms Closer, European Insurers Should Ignore It At Their Peril” -, warning the...
N.Y. Gov. Spitzer Vows to Modernize State’s Financial Services Regulation
May 31 2007 // New York Governor Eliot Spitzer has created a commission to identify ways for New York to enhance its status as a world financial capital by modernizing its regulatory scheme and perhaps merging state regulation of...
Risk Managers Take Strong Stand Against Contingent Commissions
May 30 2007 // The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent or broker, calling such compensation “an inherent conflict of...
CSFI Report Finds Regulatory Burdens Top List of Industry Concerns
May 30 2007 // “Too much regulation” tops the list of industry concerns according to a recent survey compiled by the Centre for the Study of Financial Innovation (CSFI) in association with PricewaterhouseCoopers LLP. The...
La. Legislative Session at Mid-point with Most Bills Still Hanging
May 30 2007 // Halfway through the legislative session, spending plans and tax cut proposals are at odds, insurance relief proposals in post-hurricane Louisiana are under negotiation, and most major bills still are awaiting...
Texas Legislature Passes Bill to Protect Ports from Lawsuits
May 29 2007 // The Texas Legislature unanimously passed House Bill 1602, by Rep. Corbin Van Arsdale (Tomball). The legislation is designed to protect Texas ports against frivolous lawsuits that threaten the state’s economy,...
R.I. House Members to Introduce Hurricane Insurance Bills
May 29 2007 // The leaders of a special Rhode Island House commission studying the effects of natural disasters on property insurance costs plan to introduce legislation next week on insurance practices connected to hurricane...
Judge Approves Class Action Deal Against Kentucky Chemical Firm
May 29 2007 // A federal judge has approved a class-action settlement between a chemical company and the residents of a southwestern Louisville, Kentucky neighborhood. Under the settlement approved by U.S. District Court Judge John...
Sens. Sununu, Johnson Reintroduce Optional Federal Charter Legislation
May 25 2007 // United States Senators John Sununu, R-NH, and Tim Johnson, D-SD, reintroduced “The National Insurance Act of 2007,” legislation that aims to modernize insurance industry regulation by providing an optional...
Ill. Lawmakers Toughen Graduated Teen Licensing with New Provisions
May 25 2007 // Some are already calling the new provisions to the teen graduated drivers licensing law passed by the Illinois legislature as the toughest in the country. The measure, SB 172, passed by the Illinois legislature, addresses...
Summary Judgement Dismisses Taser Product Liability Lawsuit
May 25 2007 // A Maricopa County, Ariz., Superior Court judge has dismissed a product liability lawsuit against Taser International Inc., which makes electronic control devices to stun people. The lawsuit involved John Gerdon who claimed...
N.C. Legislative Leaders Support Speeding Crackdown
May 24 2007 // Leaders of the North Carolina General Assembly say legal loopholes that allow speeders to avoid punishment should be changed immediately, including the practice of judges who allow high-speed offenders to keep their...
Ill. Judge Seeks to Reopen $10.1 Million “Light” Cigarette Lawsuit
May 23 2007 // A judge whose $10.1 billion judgment against Philip Morris USA in a lawsuit over light cigarettes was thrown out on appeal is asking a court whether he can revive the case. Madison County Circuit Judge Nicholas Byron this...
Federal Judge in Fla. Rejects Fraud Plea by Asbestos Attorney
May 23 2007 // A once high-flying asbestos litigation attorney was ready to plead guilty Monday to fraud involving thousands of clients, but a federal judge in Miami has rejected the deal and set a date for trial, saying he was unhappy...
