Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Jul 24 2006 // People Suburban Chicago-based Property Casualty Insurers Association of America appointed Genio Staranczak as its chief economist. Dr. Staranczak will be responsible for economic analysis on the full range of public policy...
10 Former FEMA director promotes mediation
Jul 24 2006 // Says feds, state governments should work together 10 W. Va. Insurance Commission cracks down 2,000 employers without workers’ comp targeted 11 FAIA CAT team volunteers honored Provided assistance to Miss. agents...
Why surplus lines reform makes sense in 2006
Jul 24 2006 // The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line...
N.Y. lawmakers disappoint on property insurer; avoid workers’ comp reform
Jul 24 2006 // The New York State Legislature’s most recent session will be remembered by insurance lobbyists more for what did not get accomplished than for what did. The Republican-controlled Senate and the Democrat-led Assembly...
Insurance and the World Trade Organization negotiations
Jul 24 2006 // The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide...
Provisions of Florida’s anti-auto fraud legislation:
Jul 24 2006 // Corresponding with a 2003 law that established a two-year minimum sentence for anyone organizing or participating in an actual staged auto crash, the new legislation: • Provides for revocation of the driver’s...
Fraud on the farm
Jul 24 2006 // Although the U.S. Department of Agriculture’s Risk Management Agency has taken steps to improve its procedures and processes to address fraud, waste and abuse in selling servicing crop insurance policies, many flaws...
Gov. Bush signs Florida auto insurance fraud legislation
Jul 24 2006 // Florida legislation that promises to reins in auto insurance fraud was signed June 26 by Gov. Jeb Bush. Provisions of House Bill 561 and Senate Bill 1596 and the governor’s approval were applauded by Tom Gallagher,...
Auto Club of SoCal reduced rates take effect in December
Jul 24 2006 // California’s fourth-largest provider of auto insurance has agreed to base its rates on safety and driving frequency rather than primarily on where a driver lives. The plan, to take effect Dec. 1, would cut some $133...
California revises proposed mileage verification regulations
Jul 24 2006 // The California Department of Insurance has revised its proposed “odometer verification” regulations, deleting provisions that would have authorized insurers to require agents to verify the mileage if they met...
Optional federal charter is needed
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
Why surplus lines reform makes sense in 2006
Jul 24 2006 // The American Association of Managing General Agents (AAMGA) commends efforts to modernize commercial insurance markets while maintaining the state-based system of insurance regulation and the surplus lines market’s...
News Currents
Jul 24 2006 // California agency approves change in auto insurance law A state administrative office approved changes to California’s insurance law, clearing the way for regulations that will force insurers to base premiums on...
Editor’s Note: Exemption protection
Jul 24 2006 // The U.S. Senate Judiciary Committee last month received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. The law placed responsibility for insurance regulation...
Big ‘I’ exec tells agents federal charter is a ‘recipe for disaster’
Jul 24 2006 // If a mandatory or even an optional Federal Charter is implemented in Washington, D.C., it will be a “recipe for disaster,” says Charles E. Symington Jr., Independent Insurance Agents and Brokers of...
Insurance and the World Trade Organization negotiations
Jul 24 2006 // The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide...
La. Commissioner: Regulatory Action Against Allstate Possible
Jul 24 2006 // The Louisiana Department of Insurance announced that Commissioner of Insurance Jim Donelon is preparing to take legal action against Allstate Insurance Company in a dispute over wind and hail coverage that would affect...
Optional federal charter is needed
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
Optional federal charter is needed
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
Fraud on the farm
Jul 24 2006 // Although the U.S. Department of Agriculture’s Risk Management Agency has taken steps to improve its procedures and processes to address fraud, waste and abuse in selling servicing crop insurance policies, many flaws...
