Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Industry to Congress: Permanent Solution to Terrorism Insurance Vital
Sep 27 2006 // Insurers, agents and business groups called on Congress to create a permanent solution safeguarding the economy against future terrorist attacks at congressional hearing today, “Protecting Americans from Catastrophic...
Susan Voss, Iowa, Commissioner of Insurance
Sep 25 2006 // Iowa is perceived by other states as a model in terms of the number of companies domiciled in the state and those wanting to do business there, as well as having a very stable legislative and regulatory environment. But...
The Commissioners
Sep 25 2006 // Hawaii:Perfectly poised for insurers in the Pacific Rim Although it is undeniably one of the 50 United States, Hawaii’s location at the edge of the Pacific Rim yields creative business opportunities throughout the...
Steven M. Goldman, New Jersey, Commissioner of Banking and Insurance
Sep 25 2006 // Steven M. Goldman was sworn in as Commissioner of the New Jersey Department of Banking and Insurance on March 20, 2006, after the Senate Judiciary Committee and full Senate unanimously approved his appointment. Prior to...
Fla. sinkhole law could mean premium savings for some
Sep 25 2006 // Residential property owners in Florida could potentially save from 4 to 14 percent on the sinkhole portion of their home insurance premium due to changes in coverage enacted earlier this year. However, because the sinkhole...
Cutting the fat in state regulation
Sep 25 2006 // Are we doing things we really should be doing from a regulatory standpoint to cut the cost of regulation? asked Property Casualty Insurers Association of America President and CEO Ernie Csiszar during the International...
Commentary: Newton’s Third Law
Sep 25 2006 // Sir Isaac Newton’s third law of motion — “For every action, there is an equal and opposite reaction” — wouldn’t appear to have much to do with the insurance industry. If the Street...
Farmers vows to appeal California court ruling
Sep 25 2006 // Farmers Insurance Exchange will appeal a decision by a San Diego Superior Court regarding premium payment plans offered to its customers in California and Nevada. In September, San Diego County Superior Court Judge Jay M....
Iowa’s open dialogue and stable environment a ‘draw’ for insurers
Sep 25 2006 // Iowa is perceived by other states as a model in terms of the number of companies domiciled in the state and those wanting to do business there, as well as having a very stable legislative and regulatory environment. But...
The Fiess decision: Mold is out and more
Sep 25 2006 // In early 2005, the Federal Fifth Circuit Court of Appeals “certified” a very controversial state law question to the Texas Supreme Court. Certifying a question simply means that the Federal Appellate Court asks...
Bowman says guidance needed on health plans
Sep 25 2006 // Arkansas Insurance Commis-sioner Julie Benafield Bow-man in early September told lawmakers she needs guidance on enforcing a state law to allow people covered by health maintenance plans to see the doctor of their...
Judge: Landowners cannot sue Forest Service over lost homes
Sep 25 2006 // Bitterroot Valley, Mont., residents who alleged their homes were destroyed when firefighters lit a backburn to slow encroaching flames cannot sue the U.S. Forest Service over their losses, a federal judge ruled. U.S....
Farmers vows to appeal California court ruling
Sep 25 2006 // Farmers Insurance Exchange will appeal a decision by a San Diego Superior Court regarding premium payment plans offered to its customers in California and Nevada. In September, San Diego County Superior Court Judge Jay M....
The Fiess decision: Mold is out and more
Sep 25 2006 // In early 2005, the Federal Fifth Circuit Court of Appeals “certified” a very controversial state law question to the Texas Supreme Court. Certifying a question simply means that the Federal Appellate Court asks...
J.P. Schmidt, Hawaii, Insurance Commissioner
Sep 25 2006 // Although it is undeniably one of the 50 United States, Hawaii’s location at the edge of the Pacific Rim yields creative business opportunities throughout the world. The state’s captive insurer law already has...
MGAs Urge Congress to Pass Surplus Lines Reform Bill
Sep 22 2006 // The American Association of Managing General Agents is asking Congressman John A. Boehner, R-Ohio, and Congressman John Conyers, D-Mich., to place the Non-Admitted & Reinsurance Reform Act of 2006, HR 5637, on the...
NAIC, Trades Spar at Congressional Hearing on Insurer Investments
Sep 20 2006 // The National Association of Insurance Commissioners (NAIC) President and Maine Insurance Superintendent Alessandro A. Iuppa told the House Finanacial Services Subcommittee panel that strong financial regulation of...
Nation’s Commissioners Propose 6% Bump in Association Budget for 2007
Sep 20 2006 // The National Association of Insurance Commissioners released its proposed budget for 2007. The consolidated budget calls for a projected $63.4 million in total revenue, an increase of 6.81 percent from 2006 budget levels...
Florida’s Commercial JUA Now Open for Small Business Risks
Sep 18 2006 // Originally slated for a Sept. 1 start date, Florida’s residual market for commercial insurance began providing coverage for small businesses on Sept. 15. A signing event took place midday on Sept. 15 and by...
Judge: Suits Over Alleged Falsified Katrina Damage Reports to Go to Trial
Sep 15 2006 // A federal judge in Gulfport, Miss., has refused to dismiss two lawsuits that accuse a Texas engineering firm and two engineers of falsifying Hurricane Katrina damage reports to benefit insurance companies. U.S. District...
