Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Insurers File Lawsuit to Stop Calif. Auto Insurance Regulations
Jul 20 2006 // Three insurance trade groups have filed a lawsuit seeking declaratory and injunctive relief to stop enforcement of California Department of Insurance (CDI) auto rating regulations, which they say are “unfair”...
Fla. Office of Insurance Regulation Implements New Format for Public Hearings
Jul 20 2006 // A new format for public hearings and plans to broadcast future hearings on cable television has been announced by Kevin McCarty, Florida Insurance Commissioner. There will be a public hearing in Tallahassee, Fla. Aug. 3 at...
Nation of Islam Leader Ordered to Pay Legal Fees by Ind. Judge
Jul 20 2006 // Nation of Islam leader Louis Farrakhan has been ordered by a federal magistrate to pay $4,052 in legal fees for a couple suing his son for his role in a traffic accident three years ago. U.S. District Magistrate Andrew...
Brokers Offer Full Support for Surplus Lines Reform Bill
Jul 20 2006 // The National Association of Professional Surplus Lines Offices offered their full support and applauded the passage of the Non-Admitted and Reinsurance Reform Act of 2006 (H.R. 5637), by the House Financial Services...
California Announces Protections for Disability Insurance Consumers
Jul 20 2006 // California Insurance Commissioner John Garamendi announced a settlement with several insurance industry associations over proposed restrictions on disability income contract provisions. Under the agreement, a framework has...
Ohio Governor Signs Farm Mutual Modernization Law
Jul 20 2006 // Ohio Gov. Bob Taft recently signed legislation which includes provisions benefiting farm mutual insurance companies and their policyholders, according to the National Association of Mutual Insurance Companies’...
House Panel Advances Federal Surplus Lines Reform Act
Jul 20 2006 // Federal legislation to reform the way surplus lines insurance is regulated has been approved by a House subcommittee. The Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, chaired by Rep....
State Legislators Eye Market Conduct, Building Codes, Federal Charter
Jul 20 2006 // State legislators who deal with insurance issues in their legislatures back home are expected to discuss amendments to their market conduct model law as well as state building codes during their summer meeting that runs...
Mo. Governor Signs Health Care Bill to Aid Small Businesses
Jul 17 2006 // Gov. Matt Blunt recently signed legislation aimed at increasing access to affordable health insurance for employees of small businesses. The bill, sponsored by Rep. Jay Wasson, R-Nixa, expands eligibility for association...
Fla. Office of Insurance Regulation Schedules Aug. 1 Hearing in Key West
Jul 17 2006 // A public hearing has been scheduled by the Florida Office of Insurance Regulation Aug. 1 in Key West concerning Citizens Property Insurance Corp.’s actuarial rate filings for Monroe County. These rate filings...
Calif. Agency Approves Change in Auto Insurance Law
Jul 17 2006 // A state administrative office on Friday approved changes to California’s insurance law, clearing the way for regulations that will force insurers to base premiums on drivers’ records instead of their...
Fed Official Raises Concerns Over Wal-Mart Entry into Banking
Jul 14 2006 // A Federal Reserve official raised concerns this week about nonfinancial companies such as Wal-Mart and Home Depot establishing banks. Legislation to block such arrangements has been moving forward in the House. The two...
Judges Refuses to Toss Testimony About Katrina’s Winds
Jul 14 2006 // A judge on Thursday refused to throw out an engineer’s testimony that Hurricane Katrina’s winds caused much of the damage to the home of Mississippi couple suing Nationwide Mutual Insurance Co. for denying most...
S.D. Amendment Allowing Judges to be Sued Opposed by Insurer Trades
Jul 14 2006 // The American Insurance Association (AIA) and the National Association of Mutual Insurance Companies (NAMIC) said today that South Dakota Attorney General Larry Long’s official explanation of a proposed constitutional...
Safeco Announces Changes in Top Personnel
Jul 13 2006 // Safeco President and Chief Executive Officer Paula Reynolds announced a series of executive changes designed to accelerate the company’s progress toward becoming a low-cost insurance provider with distinctive...
Western Agents Oppose California’s Mileage Verification Proposal
Jul 13 2006 // The Western Insurance Agents Association has issued a statement, opposing the California Department of Insurance’s revised proposed auto mileage verification regulation. The statement reads: “The proposed...
Mo. Governor Signs Med Mal Rate Control Legislation
Jul 12 2006 // The Missouri Insurance Department will have more information and control over medical malpractice insurance rates under legislation Gov. Matt Blunt signed Monday. The bill gives the state insurance director authority to...
Commercial Brokers Urge Action on Surplus Lines Regulatory Reform
Jul 12 2006 // The Council of Insurance Agents & Brokers praised Congress for addressing insurance market reform and said there is still time this session to enact some easy, achievable changes that could have a major impact on the...
Fireman’s Fund CEO Tells Congress Optional Federal Charter Needed
Jul 12 2006 // The current insurance regulatory structure inhibits innovation and actually perpetuates commoditization of insurance products to the detriment of consumers, according to Joseph J. Beneducci, president and chief operating...
N.Y, N.J. Agents Cite Progress in Campaign Against GEICO Flyers
Jul 12 2006 // Since the inception of a controversial move by the Department of Motor Vehicles, the Professional Insurance Agents of New York State Inc. has taken the position that it is improper for the DMV to include ads from...
