Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
News Currents
Mar 12 2007 // Insurers lose steam in auto rate reg fight A California Superior Court judge has thrown out a lawsuit that challenged rules requiring auto insurers to base their rates primarily on drivers’ records instead of where...
Minn. Lawmakers Consider Bad Faith Proposals
Mar 9 2007 // Minnesota lawmakers are considering proposed legislation which would authorize additional legal action against insurers when investigating suspicious claims. The Property Casualty Insurers Association of America (PCI) say...
Reinsurers’ Group Says Regulation Goes Beyond Collateralization Issue
Mar 9 2007 // Franklin W. Nutter, president of the Reinsurance Association of America (RAA) said reinsurance regulation goes beyond the narrow issue of collateral, and is pleased that the National Association of Insurance Commissioners...
N.D. Flex Rating Proposal for Auto, Homeowners Advances
Mar 8 2007 // The North Dakota House Industry Business and Labor Committee unanimously approved legislation this week that would implement a 5 percent flex band rating system for automobile and homeowners insurance. The bill SF 2296...
Crist’s State of the State to Encourage Cooperation in Fla.
Mar 8 2007 // With a special session on insurance, a natural disaster and initiatives to make government more open and user friendly checked off his to-do list, Charlie Crist was set to outline the agenda for the rest of his first year...
Judge Rules Truck in Conn. Avon Mountain Crash Was Uninsured
Mar 7 2007 // A federal judge has ruled that the insurance company for a Bloomfield trucking company involved in a fiery fatal crash on Avon mountain does not have to pay victims and families of those killed. The ruling involves...
Marsh Comments on Effect of EU’s ‘REACH’ Regulations
Mar 7 2007 // On 29 October 2003, the European Commission adopted a proposal for a new EU regulatory framework for chemicals. The new system, dubbed REACH (Registration, Evaluation and Authorization of CHemicals), outlined a complex...
Legislation Creating Business Courts Clears Committee in Okla.
Mar 6 2007 // House GOP legislation that increases common sense practices in Oklahoma’s judicial system by creating special business courts passed a vote of the House Judiciary and Public Safety Committee, the state House of...
N.Y. Workers’ Comp Reform Sails Through Senate, Assembly
Mar 6 2007 // The New York State Senate and Assembly on Tuesday passed legislation its bipartisan backers hope will significantly reform the state’s workers’ compensation system and save employers as much as $1 billion. The...
Fla. Home Premiums Could Fall 10%-50% Under New Reinsurance Law
Mar 5 2007 // Florida homeowners could see average property insurance savings ranging from around 10 percent in the Panhandle to more than half the cost of their policy in South Florida because of a new law, state insurance officials...
Mass. Health Insurers Agree to Offer $175 a Month Plan Under New Law
Mar 5 2007 // The average uninsured Massachusetts residents could obtain health care coverage for as little as $175 a month under the state’s insurance law, Gov. Deval Patrick announced as he released the results of negotiations...
Ohio Legislators Challenge Governor’s Veto on Limits for Fraud Damages
Mar 2 2007 // Republican lawmakers had no legal authority to ask the Ohio Supreme Court to throw out a veto Democratic Gov. Ted Strickland carried out on his first day in office, the state’s top lawyer said this week. Attorney...
Rep. Frank Unveils Bill to Give Shareholders Vote on Executive Pay
Mar 2 2007 // House Financial Services Committee Chairman Barney Frank, joined by 21 other members of Congress, today introduced legislation to require public companies to include in their annual proxies a non-binding advisory...
Judge Weighs Miss. Katrina Class Action, State Farm Settlement
Mar 2 2007 // A federal judge weighing competing plans to resolve thousands of disputed claims against State Farm Fire and Casualty Co. after Hurricane Katrina heard emotional testimony Wednesday in Gulfport from Mississippi...
Marsh Sees ‘Demand Surge’ in Romania’s Compulsory D&O Law
Mar 2 2007 // “Changes to Romanian corporate law, making it compulsory for companies to purchase directors’ & officers’ liability insurance (D&O), are creating a surge in demand for cover,” according to...
Delaware Lawmakers Unveil New Bill to Ban Credit Scoring
Mar 2 2007 // Delaware Insurance Commissioner Matt Denn and legislators on Friday unveiled legislation to ban all use of credit scores in setting auto and homeowner insurance rates. Denn was joined by the prime sponsors of the bill...
New Mass. Commissioner Accustomed to Being the Judge
Mar 1 2007 // The new insurance commissioner for Massachusetts, who started on the job this week, thinks her years of experience in a judge’s robe will serve her well in her new role, one in which she sees herself as an arbiter of...
Judge Senter Won’t Remove Self from State Farm Class Action Case
Mar 1 2007 // A federal judge in Gulfport, Miss. has refused to disqualify himself from hearing a bid to certify a class-action lawsuit against State Farm Fire and Casualty Co. over the insurer’s handling of claims after Hurricane...
Ohio Attorney General Asks Judge to Order Marsh to Submit Documents
Mar 1 2007 // Ohio Attorney General Marc Dann has asked a judge to order New-York based Marsh and McLennan to turn over documents Dann says the state is owed as part of an antitrust investigation. Dann says the company has impeded the...
Federal Appeals Court Rules Against Insurer in Ark. Financier’s Death
Mar 1 2007 // A federal appeals court rejected an insurance company’s claim that it shouldn’t have to pay accidental-death benefits for the 2002 death of a Little Rock financier at the center of a Securities Department...
