Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
California Insurance Commissioner Announces Anti-Fraud Guidelines
Nov 7 2005 // California Insurance Com-missioner John Gara-mendi has announced new Special Investigative Unit (SIU) regulations for insurance carriers licensed to conduct business in California. The regulations are a result of a...
CDI AMENDS PROPOSED “ACTION NOTICE” FILING REGULATIONS
Nov 7 2005 // The California Department of In-surance has deleted a section of proposed regulations that would have required insurers to notify CDI when a notice of agency appointment was terminated “for cause.” California...
CALIFORNIA SUPREME COURT UPHOLDS INSURANCE COMMISSIONER’S AUTHORITY
Nov 7 2005 // The California Supreme Court ordered to “de-publish” a Court of Appeal ruling–AIA vs. Garamendi–touted by insurance companies as limiting the regulatory authority of the Insurance Commissioner. The...
JUDGE RULES INSURANCE CARRIER DOESN’T HAVE TO PAY CLEARONE
Nov 7 2005 // A federal judge has ruled that an insurance carrier does not have to help ClearOne Commun-ications cover a $10 million settlement with its shareholders. U.S. District Court Judge Tina Campbell said ClearOne, a maker of...
Uninsured /Underinsured Motorist
Nov 6 2005 // This recurring feature examines insurance coverage decisions in the Midwest’s appellate courts, as compiled by the New York-based law firm of Goldberg Segalla LLA and edited by insurance lawyer Kevin T. Merriman...
Michigan Governor Seeks 20% Discount on Auto, Homeowners Rates
Nov 6 2005 // Michigan Gov. Jennifer Granholm and Democratic lawmakers want to give homeowners and motorists a 20 percent cut in their insurance rates, a move the insurance industry says isn’t justified and is politically...
News Briefs
Nov 6 2005 // ILLINOIS Garrett Bonham, 29, seeks more than $75,000 in a lawsuit filed last month for injuries sustained in his 10 years of employment as a performing knight at the Schaumburg, Ill., Medieval Times, according to the...
W. Va. Legislation Effectively Reduced Homeowners, Auto Rates
Nov 6 2005 // Automobile and homeowners rates have been dramatically reduced as a result of legislative changes made by the West Virginia Legisla-ture, Insurance Commissioner Jane L. Cline, told Professional Independent Insurance Agents...
Ethical Business Practices Essential to Success in Today’s Marketplace
Nov 6 2005 // Many insurance companies are discovering a basic truth. Integrity in business is more than just the right thing to do-it is critical to success in an increasingly complex and dynamic marketplace. When I look at where we...
News Briefs
Nov 6 2005 // ALABAMA Vesta Reinsurance To Cover Wilma Vesta Insurance of Birmingham, issued a statement saying it has complete reinsurance coverage for Hur-ricane Wilma claims in Florida. “As previously disclosed, Vesta’s...
At IIAT’s Small Agency Conference, lawmaker says involvement is key to legislative success
Nov 6 2005 // Sen. Staples Urges Agents to Continue Participating in the ‘Process’ Nearly 250 attendees turned out for the Independent Insurance Agents of Texas’ first-ever Small Agency Conference, held in Waco in...
California Insurance Commissioner Announces Anti-Fraud Guidelines
Nov 6 2005 // California Insurance Com-missioner John Gara-mendi has announced new Special Investigative Unit (SIU) regulations for insurance carriers licensed to conduct business in California. The regulations are a result of a...
Calif. Court Rules Illegal Immigrants Can Get Workers’ Comp
Nov 6 2005 // Illegal immigrants injured on the job are entitled to workers’ compensation benefits despite their legal status, a California state appeals court recently ruled. The 2nd District Court of Appeal ruled in a case...
News Briefs
Nov 6 2005 // California CDI Amends Proposed “Action Notice” Filing Regulations The California Department of In-surance has deleted a section of proposed regulations that would have required insurers to notify CDI when a...
PCI Meeting Focuses on Reform of “Flawed” Regulatory System
Nov 6 2005 // Regulatory reform, terrorism insurance and the eventual impact of record-breaking natural disasters were the main topics of discussion at the annual meeting of the Property Casualty Insurers Association of America, held in...
Credit-based Insurance Scoring Remains a Key Legislative, Regulatory Issue
Nov 6 2005 // Credit-based insurance scoring has been a contentious legislative and regulatory issue in the world of insurance for at least the last three or four years, but the nature of the debate has changed, Robert Detlefsen,...
News Briefs
Nov 6 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
News Briefs
Nov 6 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
Rising Medical Solutions Addresses Ill. Workers’ Comp Reform
Nov 3 2005 // Kimberly Moreland, director of Account Management at Rising Medical Solutions Inc., recently spoke to some of the challenges facing those who deal in workers’ compensation at the Work Injury Conference in...
Rep. Oxley to Retire at End of 2006
Nov 2 2005 // Rep. Michael G. Oxley (R-Ohio), Chairman of the U.S. House Financial Services Committee announced yesterday that he will not seek re-election in 2006. Oxley will retire from Congress at the end of his current term,...
