Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
NM Public Regulation Commission Provides Information For Flood Damage
Sep 14 2006 // The New Mexico Public Regulation Commission, Consumer Relations Division, is assisting New Mexicans who have experienced rain or flood damage with information on insurance coverage, and filing flood, property and...
Judge: Landowners Cannot Sue Forest Service Over Lost Homes
Sep 14 2006 // Bitterroot Valley, Mont., residents who allege their homes were destroyed by a backburn that got away from firefighters cannot sue the U.S. Forest Service over their losses, a federal judge has ruled. U.S. District Judge...
House Subcommittee Hears Testimony on Coastal Insurance Market
Sep 13 2006 // The House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, heard testimony today from industry advocates to discuss the need for public and private sectors to work...
Insurers Urge Calif. to Drop Proposed Rate of Return Regulations
Sep 13 2006 // Three property/casualty insurance trade associations urged the California Department of Insurance (CDI) to abandon proposed regulations that would radically change how the CDI reviews and approves insurance company rate...
Feds Hit Over Ground Zero Workers’ Health Problems
Sep 12 2006 // Lawmakers said federal officials failed to protect ground zero workers as they clambered over the smoking pile of toxic debris and have not properly cared for them in the years since. In a daylong House hearing last...
Milwaukee Archdiocese to Keep Fighting Damage Award of $16.8 Million
Sep 12 2006 // The Archdiocese of Milwaukee plans to keep fighting a $16.8 million damage award, upheld on appeal, for an 85-year-old man who was severely injured when his car was hit by a vehicle driven by a church group volunteer. The...
