Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
People
Jan 22 2006 // Michael J. Roche, senior vice president of Protection Technology and Administration for Allstate Insurance Company, recently was named to IDG’s Computerworld Premier 100 IT Leaders Award Program. Roche was selected...
News Currents
Jan 22 2006 // Zurich and Hellman & Friedman call off Universal Underwriters sale after regulatory issues surface Zurich Financial Services Group (Zurich) and affiliates of Hellman & Friedman LLC (H&F), a leading private...
News Currents
Jan 22 2006 // Kansas lawmakers push for tougher penalties for uninsured drivers Two tough bills to keep uninsured motorists off Kansas roadways will be on the agenda for consideration when the Kansas legislature convenes this January....
Ohio Insurance Deptartment amends financial regulation-related rules
Jan 22 2006 // The Ohio Department of Insurance recently filed revisions to several rules that could impact property and casualty insurance companies. The rules deal with solvency surveillance, acquisition or mergers, reinsurance terms...
Aging baby boomers will mean more
Jan 22 2006 // rehabilitation centers. E&S market ready for some uncertainty Some price hardening possible due to hurricanes; new opportunities seen in housing and health care markets Experts agree. The surplus lines market remains...
News Currents
Jan 22 2006 // From New England to Virginia, courts and juries made insurance headlines Up and down the East coast, much of the most interesting local insurance news in 2005 took place in the courts of law and not in the court of public...
R.I.’s Beacon Mutual pursues rate cuts, restructuring plan
Jan 22 2006 // Beacon Mutual, Rhode Island’s biggest workers’ compensation writer with about 90 percent of the business, has some big plans. First is its plan to lower the loss cost portion of premiums for most employers by...
Excess, Surplus & Specialty
Jan 22 2006 // Speculations for surplus lines market in 2006 Experts agree. The surplus lines market remains alive, healthy and stable. Who can argue with the success of this niche-based market that has risen from 4 percent in 1984 to...
W.Va. mine survivor Randall McCloy Jr.,families of deceased, eligible for benefits
Jan 22 2006 // Randal McCloy Jr., the only survivor of the recent tragedy at the the 260-foot-deep Inter-national Coal Group Mine in West Virginia, will be eligible for medical benefits and wage replacement benefits immediately, and will...
News Currents
Jan 22 2006 // Surplus Line Market: Speculations for 2006 Experts agree. The surplus lines market remains alive, healthy and stable. Who can argue with the success of this niche-based market that has risen from 4 percent in 1984 to...
News Currents
Jan 22 2006 // John Garamendi Garamendi’s proposed auto rate regs will likely cause rate hikes Insurers’ estimates say 61 percent of California drivers could pay more. Concern continues to build against California Insurance...
CALIF AUTO RATE REGULATIONS
Jan 22 2006 // ARE YOU REALLY HURT? Investigating Accident Fraud ROCKY MOUNTAIN HIGH PCI Opens Denver Office
News Currents
Jan 22 2006 // Colo. legislators to tackle auto insurance in 2006 session The 2006 legislative agenda for property/ casualty insurers in Colorado will be dominated by automobile insurance and regulatory issues, according to the Property...
Spotlight: CA More Drive Law
Jan 22 2006 // New penalties for drunk drivers, street racers, and “pocket bike” riders-along with improvements to California’s teen driving requirements-are among the laws that took effect Jan. 1, 2006, according to...
News Currents
Jan 22 2006 // Regulatory modernization tops industry’s legislative agenda for 2006 With the extension of the Terrorism Risk Insurance Act, passage of federal class action and crop insurance reform, enactment of asbestos reform in...
Fla. Supreme Court Rules Against Nonresidents in Coverage Disputes
Jan 20 2006 // Only Florida residents can sue insurers in state courts when companies are unauthorized to do business in Florida, the state Supreme Court ruled recently. State law prohibits nonresidents from filing such suits, the high...
Ohio Business Groups Push for Workers’ Comp Reforms
Jan 19 2006 // Business groups in Ohio are pushing lawmakers to enact reforms to the state insurance fund for injured workers that were agreed upon before a scandal broke over the fund’s investments, according to a recent account...
Florida Office of Insurance Regulation Issues AIG Companies Consent Order
Jan 19 2006 // The Florida Office of Insurance Regulation has issued a consent order requiring 10 American International Group companies to transmit financial data required by statute, to pay administrative fines and costs of more than...
Maryland Court Rules with Welders in Limiting Scope of Pollution Exclusion
Jan 19 2006 // On Jan. 6, Maryland’s highest court handed a victory to the welding industry by ruling that the scope of the pollution liability exclusion in a business insurance policy does not encompass welding rod liability. In...
R&M Reports on Major Global Carriers
Jan 18 2006 // Dublin-based Research and Markets has announced the addition of a “Global Insurance” study to their offering. R&M said, “The report provides a broad industry overview through business segments,...