Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
N.J. Lawmaker Not Swayed by Geico’s Defense of Rating Criteria
Jun 15 2006 // Auto insurance companies that use a person’s education and occupation to set rates are discriminatory and circumvent laws against using race and income to calculate prices, a state senator said this week. After...
WIAA & Alliance Submit Comments Opposing Mileage Verification Regulation
Jun 14 2006 // WIAA & Alliance Support Less Regulation, Not More, and More Competition, Not Less Rancho Cordova… On behalf of its members and members of the Alliance of Insurance Agents and Brokers, the Western Insurance...
Insurers Defend Job, Education as Auto Insurance Pricing Criteria in N.J.
Jun 13 2006 // Insurance industry representatives urged New Jersey lawmakers not to restrict insurers’ use of certain rating variables including occupation and education in the pricing of auto insurance policies, insisting that the...
States Report Progress on Market Conduct Exam Reforms
Jun 13 2006 // The National Association of Insurance Commissioners says it is encouraged by the survey results indicating state insurance regulators have made progress in instituting market regulation reforms. State departments of...
Kan. Commissioner Praeger Attends Interstate Compact Press Conference
Jun 13 2006 // Kansas Insurance Commissioner Sandy Praeger was among a gathering of other state regulators today at the National Press Club in Washington D.C. for a news conference which outlined plans for the implementation of the...
Rand Study: Small Public Firms Felt Effects of Sarbanes-Oxley
Jun 13 2006 // Small publicly traded companies were disproportionately affected by the Sarbanes-Oxley Act – a federal law that tightened financial reporting requirements for publicly owned companies – in the first year after...
N.H. Gov. Lynch to Sign Premium Tax Cut Legislation
Jun 12 2006 // New Hampshire Gov. John Lynch is “inclined” to sign a measure cutting the state’s insurance premium tax in half, according to his communications director. Pamela Walsh told Insurance Journal the governor...
Judge Orders ‘Rock, Paper, Scissors’ Game to Settle Dispute
Jun 12 2006 // A federal judge in Tampa, Fla. miffed at the inability of opposing attorneys to agree on even the slightest details of a lawsuit, ordered them to settle their latest dispute with the hand-gesture game of “rock,...
S.D. Surpreme Court Rules Couple Can Collect from Two Insurance Policies
Jun 12 2006 // A couple injured in a crash caused by an uninsured driver can collect from two insurance policies, both their own and the one that covered the vehicle they were riding in, the South Dakota Supreme Court said its...
La. Lawmakers Closing in on Insurance Adjuster Licensing Bill
Jun 12 2006 // Insurance adjusters in Louisiana would be licensed and ruled by a comprehensive set of regulations, under bills nearing final legislative passage. The legislation is in response to complaints among owners of damaged homes...
Regulators Propose New Standards for Title Insurance and Annuity Products
Jun 12 2006 // Working through the National Association of Insurance Commissioners (NAIC), state insurance regulators are making progress in developing new examination standards addressing marketing and sales practices for title, life...
Increased Liability Limits Result in S.C. Controversy
Jun 9 2006 // South Carolina Gov. Mark Sanford’s veto of legislation that would increase bodily injury liability limits from $15,000 to $25,000 for one person, and from $30,000 to $50,000 for all persons injured in an auto...
N.H. Governor Signs Measure Helping October Flood Victims
Jun 8 2006 // New Hampshire Gov. John Lynch has signed into law a bill that will help people who lost their homes, and in some cases the land where their homes sat, in the October flooding. “It’s been a long road for many of...
N.J. Among States Considering ‘Fire-Safe’ Cigarette Mandate
Jun 7 2006 // New Jersey would become one of a handful of states to require that cigarettes sold in-state have extra fire protections built in, under a measure being considered in the Legislature. The proposal — modeled after similar...
Mich. House Passes Controversial Motorcycle Helmet Repeal Bill
Jun 7 2006 // With hundreds of motorcycle riders outside the Capitol, the Michigan state House today passed a controversial repeal of a mandate for riders to wear helmets. The legislation passed by a 66-37 vote and is awaiting the...
Fla. Rep. Waters: Hurricane Party Mentality Has Been Replaced by Hurricane-Stress
Jun 6 2006 // The hurricane party mentality is gone, replaced by hurricane stress, Rep. Leslie Waters, R-Pinellas, told the Florida Suncoast Chapter of the Chartered Property and Casualty Underwriters at the group’s June 5 meeting...
South Carolina, Tennessee and Kansas Governors Sign Medical Criteria Bills
Jun 5 2006 // South Carolina, Tennessee and Kansas have joined a growing number of states that have enacted laws that require plaintiffs to meet specific medical criteria in order to bring or pursue an asbestos- or silica-related...
N.J. Drivers ‘Clear Winners’ Under ’03 Reforms, Claims Industry Report
Jun 5 2006 // New Jersey drivers are the “clear winners” due to auto insurance reforms enacted by lawmakers in 2003 according to the Property Casualty Insurers Association of America (PCI), which released a report about the...
States promise quicker insurance product, filing approval under new system with Interstate Compact
Jun 5 2006 // State regulators have reached a milestone in their efforts to streamline product regulation, with a centralized approval system for certain life and financial products on the verge of becoming reality. After three years of...
To bee or not to bee
Jun 5 2006 // Scientists at Cornell University in New York have come across a management strategy for group decision-making that is sure to set the business world buzzing. When 10,000 honeybees hunt for a new home, usually a tree...
