Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
Miss. Commissioner Dale Defends Hiring Insurance Lobbyist as Lawyer
May 23 2007 // Mississippi Insurance Commissioner George Dale says he sees no conflict in his having been represented in a ballot dispute by Greg Copeland, an attorney who is a longtime lobbyist for the insurance industry. “Yes, he...
House Passes Bill Blocking Giant Retailers’ Entry into Banking
May 22 2007 // The U.S. House of Representatives has overwhelmingly passed a measure closing a loophole and blocking giant retailers like Wal-Mart and The Home Dept from owning industrial loan corporations, or ILCs. For ILCs already...
Insurers Ask Colo. to Veto UIM Coverage
May 22 2007 // The National Association of Mutual Insurance Companies is urging Colorado Gov. Bill Ritter to veto Senate Bill 256, legislation concerning uninsured and underinsured motorists. In a letter to the governor, NAMIC warned...
Delaware Judges Want Say in Private Equity Liability Cases
May 22 2007 // Judges in Delaware’s famed business court are keeping a close eye on legal issues cropping up amid the recent wave of private equity buyouts of public corporations. In recent rulings, Court of Chancery judges have...
Okla. Commissioner Flexes Regulatory Muscle in Marketing Flap
May 22 2007 // Oklahoma Insurance Commissioner Kim Holland is flexing her regulatory muscle in an investigation of Medicare marketing that has uncovered misconduct by some insurance agents, The probe led to an appearance before a U.S....
Insider trading plans: A new D&O underwriting concern?
May 21 2007 // For several years, directors and officers underwriters have viewed corporate insiders’ adoption of so-called “Rule 10b5-1 plans” as evidence of good corporate governance and as a positive underwriting...
Key findings
May 21 2007 // The Milliman study shows that recently passed Florida legislation will mean that homeowners will pay less for property insurance. Motorists and small business owners will pay more if an average to large storm hits. The...
Study assesses impact of Florida property insurance legislation
May 21 2007 // A Florida law enacted during a 2007 January special session provides immediate savings for homeowners by shifting potential payments for hurricane losses from the homeowners receiving the current policy benefits to future...
Judge denies State Farm new trial in $1.2 million Katrina case
May 21 2007 // A federal judge has denied State Farm Fire & Casualty Co.’s request for a new trial in a Hurricane Katrina case that could cost the company more than $1.2 million. Judge L.T. Senter Jr. saw no reason to grant a...
Insider trading plans: A new D&O underwriting concern?
May 21 2007 // For several years, directors and officers underwriters have viewed corporate insiders’ adoption of so-called “Rule 10b5-1 plans” as evidence of good corporate governance and as a positive underwriting...
Okla. doctor: Lawmakers against tort reform can go to Texas for care
May 21 2007 // An Oklahoma surgeon said he will not treat legislators who voted against a bill to curb malpractice insurance rates and suggested they go to Texas for surgical procedures. Unless it is an emergency, Dr. Peter S. Hedberg...
Declarations
May 21 2007 // Rates going down “Consumers are clearly benefiting from what has turned into a very competitive insurance market. … When it seems like the price of everything else is going up, to hear insurance rates are going...
Okla. doctor: Lawmakers against tort reform can go to Texas for care
May 21 2007 // An Oklahoma surgeon said he will not treat legislators who voted against a bill to curb malpractice insurance rates and suggested they go to Texas for surgical procedures. Unless it is an emergency, Dr. Peter S. Hedberg...
Status quo on Capitol Hill may be best
May 21 2007 // IIABA’s leader Bob Rusbuldt hopes Congress does nothing, except on TRIA Insurance Journal’s Andrew Simpson, at the IIABA’s National Legislative Conference and Convention in Washington, D.C., in April,...
Key findings
May 21 2007 // • The Milliman study shows that recently passed Florida legislation will mean that homeowners will pay less for property insurance. Motorists and small business owners will pay more if an average to large storm...
Declarations
May 21 2007 // Declarations Rates going down “Consumers are clearly benefiting from what has turned into a very competitive insurance market. … When it seems like the price of everything else is going up, to hear insurance...
Bill Would Expand Okla. Small Business Insurance Plan
May 21 2007 // A bill vastly expanding the number of small businesses that qualify for a health insurance subsidy program is nearing floor action in the Oklahoma Legislature, a key lawmaker said recently. Gov. Brad Henry’s...
Maine adopts primary seat belt law
May 21 2007 // Maine Gov. John Baldacci has signed a bill that will make failure by motorists to use seat belts a primary offense, but violators will only get warnings for the first few months the law’s in effect. Under current...
