Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Colo. wants industry to account for rising rates
Mar 6 2006 // The insurance industry came out strongly against a Colorado measure that would require it to disclose claims, payouts and rates, telling lawmakers a plan to increase regulation of their industry would drive up costs and...
Wyoming litigation legislation could hurt consumers
Mar 6 2006 // Wyoming legislation designed to allow unprecedented insurance-related lawsuits in the state would significantly increase fraud, lawsuits and insurance costs for Wyoming consumers, according to the Property Casualty...
COLO. MEDICAL PAYMENT COVERAGE BILL DEFEATED
Mar 6 2006 // Legislation to force Colorado consumers to buy medical payment coverage was narrowly defeated in the Colorado House. House Bill 1036, killed by a one-vote margin, would have required insurers to provide $5,000 medical...
Today’s service firms must look beyond their father’s E&O
Mar 6 2006 // Owners of mid-size companies used to make relatively easy, straightforward decisions on what types of insurance to buy from their local agent. The owners would purchase property insurance for the buildings; liability for...
PCI urging Colo. lawmakers to reject insurance data reporting bill
Mar 6 2006 // The Property Casualty Insurers Association of America (PCI) testified before the Colorado House Business Affairs and Labor Committee that legislation HB 1330, which would impose extensive new data reporting requirement on...
Nev. Supreme Court ruling beneficial to state
Mar 6 2006 // A Nevada workers’ union is praising a state Supreme Court ruling that upheld claims of 40 former state employees who sought more pension credits because their jobs were privatized. The State of Nevada Employees...
Wash. approves anti-fraud unit, will protect privacy during investigations
Mar 6 2006 // Washington state officials have amended and approved legislation that would create an insurance anti-fraud unit in the insurance commissioner’s office, according to the Property Casualty Insurers Association of...
Calif. commissioner issues new workers’ compensation regulations
Mar 6 2006 // California Insurance Commissioner John Garamendi has announced new workers’ compensation regulations that will require all insurers in the state to submit certification forms that verify that claims adjusters and...
Updating regulatory system would remove hurdles, benefit customers
Mar 6 2006 // The current state-based insurance regulatory system is a dysfunctional relic that has stifled property/casualty product creativity for years. This patchwork regulatory system is filled with wasteful inefficiency that is...
Commissioners Face Long List of Topics in Orlando
Mar 3 2006 // Reference to the National Catastrophe Insurance Plan is prominently absent from the National Association of Insurance Commissioner’s agenda as NAIC kicks off its March 4-7 Spring National Meetings in Orlando,...
PCI Testifies in Support of Flex Rating for Conn. Consumers
Mar 3 2006 // Connecticut consumers will benefit from increased competition, which puts downward pressure on insurance premiums, if the Legislature moves the state’s insurance regulatory system from prior approval to “flex...
Wis. Legislature Moves Forward with Bill to Cap Med-Mal Awards
Mar 3 2006 // The latest legislative attempt to correct last year’s Wisconsin Supreme Court rule invalidating non-economic damage caps and making other impacts on the state’s medical malpractice law, (AB 1071, 1072, 1073,...
PCI : Study Shows Need for No-fault Reform in Minn.
Mar 2 2006 // The Property Casualty Insurers Association of America is calling for reform of Minnesota’s no-fault system. According to the national trade association, drivers in Minnesota pay more for insurance than drivers in...
Fritts Joins Conseco Inc. as Exec. VP of Government Relations
Mar 2 2006 // Indiana-based Conseco Inc. recently announced that William Fritts has joined the company as executive vice president, government relations. “Bill’s extensive experience in government relations and the...
NAMIC Focuses Federal Affairs Agenda on Regulatory and Asbestos Reform
Mar 1 2006 // The National Association of Mutual Insurance Companies (NAMIC) – which has more than 1,400 member companies that underwrite 43 percent ($196 billion) of the property/casualty insurance premium in the United States...
Fla. Insurance Council to Push Mitigation Efforts in Legislature
Feb 28 2006 // Having paid out more than $30 billion in claims over the past two hurricane seasons in Florida, the Florida Insurance Council will ask lawmakers this legislative session, to push mitigation efforts to combat the...
N.Y. Homeowners Insurance Market: Strong or Weak?
Feb 28 2006 // New York’s homeowners insurance market is either strong, stable or fragile depending upon whether the speaker is an agent or an insurer. Also, Allstate Insurance Co.’s decision to limit its business in eight...
Rule to Limit Ga. Contract Obligations in Effect March 1
Feb 28 2006 // An emergency rule that goes into effect March 1 in Georgia entitled “Unfair Trade and Claims Settlement Practices” limits consumers contractual liaiblities and according to the Insurance Commissioner’s...
R.I. Judge Rules Out Punitive Damages in Lead Paint Decision
Feb 28 2006 // Former manufacturers of lead paint found liable last week by a Rhode Island jury for poisoning of children will have to pay to clean up properties with the contaminated paint but will not face punitive damages. Rhode...
Xchanging Announces $13 Million Partnership with Microsoft
Feb 27 2006 // Xchanging, the U.K.-based global business processing services company, has announced a 3-year, £7.5 million ($13 million) investment program and a partnership with Microsoft in the continuing development of Genius, its...
