Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Ind. State Trade, Economic Development Organization Work to Enact Legislation
Mar 29 2006 // A joint effort between the Indiana Economic Development Corporation (IEDC) and the Insurance Institute of Indiana has resulted in regulatory relief for commercial insurers in Indiana. Insurance companies providing...
Washington Gains New Fraud Bureau
Mar 29 2006 // Washington State has approved the state’s first fraud bureau and added a fraud prosecutor. Gov. Christine Gregoire signed SB 6234 into law late Tuesday. The measure decisively passed the state House and Senate...
Maine GOP Candidate Unveils Health Ideas; Calls for Dirigo Suspension
Mar 27 2006 // When it comes to health care, Mainers must stop thinking Augusta knows best, Chandler Woodcock said Friday as he campaigned for the Republican nomination for governor. Unveiling his health care plan for the state, Woodcock...
Federal Judge Rejects Allstate Request to Dismiss Miss. Hurricane Lawsuit
Mar 27 2006 // A federal judge in Gulfport, Miss. has refused to throw out a lawsuit that a couple filed against Allstate Insurance Co. after the insurer refused to cover damage to their home from Hurricane Katrina. The lawsuit, filed by...
Pa. Gov. Rendell Vetoes Bill Limiting Civil Damages as ‘Unbalanced’
Mar 27 2006 // Pennsylvania Governor Edward G. Rendell has vetoed legislation designed to scale back the obligation of defendants to pay damage awards in some civil lawsuits. Rendell explained his veto of Senate Bill 435 by maintaining...
Pipe Corrosion Biggest Threat as Alaska Marks Exxon Valdez Spill
Mar 24 2006 // Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become stronger, with double hulls and redundant operating systems for...
Fla. Senate Committee Approves Long-Term Care Legislation
Mar 23 2006 // The Florida Senate Banking and Insurance Committee has approved legislation that, if signed into law, will help ensure the viability of long-term care insurance in Florida. Senate Bill 2290 provides protections to seniors...
New Mexico Superintendent Serna To Resign from Nonprofit Board
Mar 23 2006 // Eric Serna, under fire for his dual roles as New Mexico’s insurance superintendent and president of the board of a nonprofit health foundation, said he has decided to resign from the board. Earlier on Tuesday, Public...
N.H. House Passes Premum Tax Cut for Insurers; Measure Now Goes to Senate
Mar 23 2006 // The New Hampshire House of Representatives has passed legislation (HB 678) supported by insurers and agents to reduce the state premium tax from two percent to one percent for property-casualty and life...
Tort Reform Measures Advance in Florida, Pennsylvania
Mar 23 2006 // Hard fought victories have been achieved as tort reform legislation in Florida and Pennsylvania took significant steps forward, according to the Property Casualty Insurers Association of America. The Florida House sent to...
Insurer Group Says Kan. Workers’ Comp Bill in Senate for Possible Veto Override
Mar 23 2006 // The Property Casualty Insurers Association of America expressed disappointment with Kansas Gov. Kathleen Sebelius’ decision to veto comprehensive workers’ compensation reform legislation. “SB 461 made...
FSA, OFT to Cooperate on Regulation of Payment Protection Policies
Mar 23 2006 // The U.K.’s Financial Services Authority and the Office of Fair Trading (OFT) jointly announced that they are working on producing “an action plan” covering payment protection policies, which they hope to...
NASD, Minn. Department of Commerce to Host Annuity Roundtable, May 5
Mar 23 2006 // NASD and the Minnesota Department of Commerce will co-host an Annuity Roundtable in Washington D.C. on Friday, May 5. Participants will include a cross section of federal and state regulators, securities firm and insurance...
Fla. Lawmaker Pushes Hurricane Insurance Surcharges for Vacation Homes
Mar 22 2006 // Owners of vacation and second homes would be slapped with a 25 percent surcharge on policies obtained from the state’s insurer of last resort under a proposal unveiled by a Senate committee chairman. That’s one...
Ark. Lawmakers Look at Expanding Program for Uninsured Workers
Mar 22 2006 // Arkansas legislators say they would like to see an expansion of a program that offers health coverage to uninsured workers. Arkansas’ chief health officer, Joe Thompson, outlined the Arkansas Safety Net Benefit...
FSA Cites U.K. Market Progress; Won’t Propose Regulations
Mar 21 2006 // The U.K.’s Financial Services Authority (FSA) announced that it has “put on hold its work to develop rules to bring about contract certainty in the insurance market.” The U.K.’s insurance community...
Okla. Bipartisan Ethics Reform Bill Passed by House
Mar 21 2006 // The Oklahoma House of Representatives passed House Bill 2055, by State Representatives John Trebilcock and Lucky Lamons, which would prohibit lobbyist contributions to state lawmakers during the legislative session. The...
Insurers Disappointed in Changes to Conn. Flex Rating Bill
Mar 21 2006 // A Connecticut legislative committee took a tentative step on the road to insurance rate modernization, but also posted a “Road Closed” sign that must be obeyed in two years. HB-5463, which was reported...
TEXAS JUDGE’S RULING PARTIALLY FAVORS ALLSTATE AND STERLING
Mar 20 2006 // Allstate and Sterling Autobody Centers can communicate benefits of its shops, a federal district judge in Texas has ruled. In a news release, Allstate reported that on March 9, 2006, the judge in Allstate, et al. v....
Solve the multi-state surplus tax problem now
Mar 20 2006 // The proper allocation and remittance of surplus lines premium taxes to the states on multi-state risks has been the most vexing problem faced by surplus lines brokers during the nearly 116 year history of the industry. In...
