Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
CA State Fund To Host Confined Workplace Spaces Seminar
Nov 1 2005 // California State Compensation Insurance Fund’s Stockton District Office and the Stanislaus County Farm Bureau will jointly hold a free seminar, “Confined Space in the Workplace,” on November 3rd in...
N.Y. Hopeful Spitzer Stresses Strong Enforcement as Good for Businsess
Oct 31 2005 // New York Attorney General Eliot Spitzer, who is running for Governor in his home state, has painted his critics as defenders of corrupt practices and not true champions of free enterprise. He also has sought to refute the...
Insurance Industry Scores Win
Oct 31 2005 // United Industry Effort Results in CDI Deletion of Contentious Proposed Regulation Language Rancho Cordova…The Western Insurance Agents Association commended the recent action by the California Department of Insurance...
Tort Reform Legislation Passes House, Moves to Senate
Oct 28 2005 // By a vote of 228-184 on Thursday, the House of Representatives favorably approved H.R. 420, the Lawsuit Abuse Reduction Act (LARA). The legislation, introduced by Representative Lamar Smith (R-Texas), would penalize...
Conn. Senate Approves Measure to Close Truck Insurance Loophole
Oct 28 2005 // Connecticut lawmakers moved closer this week toward making it a felony for the owner of a commercial vehicle to knowingly operate it without insurance. Responding to a fiery 20-vehicle crash in Avon that killed four people...
Miss. Auto Insurance Law Doesn’t Require Punitive Damage Coverage, Court Rules
Oct 28 2005 // Mississippi state law does not require insurance companies to cover punitive damage awards in their automobile liability policies, the Mississippi Supreme Court has ruled. In 2002, Shelter Mutual Insurance Co. and Shelter...
Judge Rules Insurance Carrier Doesn’t Have to Pay ClearOne
Oct 28 2005 // A federal judge has ruled that an insurance carrier does not have to help ClearOne Communications cover a $10 million settlement with its shareholders. U.S. District Court Judge Tina Campbell said ClearOne, a maker of...
CDI Amends Proposed “Action Notice” Filing Regulations
Oct 28 2005 // The California Department of Insurance has agreed to delete a controversial section of proposed regulations that would have required insurers to notify CDI whenever a notice of agency appointment was terminated “for...
Mich. Bill Rewards Healthy Behavior
Oct 27 2005 // Insurance companies and HMOs in Michigan would be required to offer financial incentives that reward people for healthy behavior under legislation introduced Thursday in the state Senate, according to Associated...
Ind. High Court Rules Against Diminution of Value
Oct 27 2005 // The Indiana Supreme Court today ruled that insurance policies are not obligated to compensate damaged property for decline in value of the property after adequate repairs have been made. The insurance industry views the...
Chubb to Transfer Reinsurance Business to New Bermuda Company
Oct 26 2005 // Chubb’s reinsurance business will be moving to Bermuda in a three-way transaction. The Chubb Corporation and the investment firm Stone Point Capital LLC announced the formation of Harbor Point Limited, a global...
Iuppa Addresses Future of Regulation at PCI Meeting
Oct 26 2005 // Taking up the banner for the current state-based insurance regulatory system in the face of sometimes hostile critics, Maine Superintendent of Insurance Alessandro Iuppa defended the system and approaches taken by the...
N.Y. State Employees Honored for Roles in Lowering Auto Rates
Oct 26 2005 // Ten New York State Insurance Department employees and five from the New York State Division of Criminal Justice Services have been presented with the Governor’s Office of Employees Relations’ Workforce...
Alliance Denounces “DOI Attack” on Agents and Brokers
Oct 25 2005 // The Alliance of Insurance Agents and Brokers is warning California agents and brokers that the Department of Insurance (DOI) is drafting another new set of proposed regulations to impose fiduciary duties, disclosure of...
S&P Evaluates Effect of EU Regulations on Europe’s Insurers
Oct 24 2005 // Standard & Poor’s Ratings Services has published a study of the effects of new regulations on European insurers, which concludes that the regulations and structural developments within the sector “are...
Texas Judge Extends Allstate Injunction
Oct 24 2005 // Travis County, Texas, District Judge Stephen Yelenosky has extended until Dec. 12 an injunction prohibiting Allstate Insurance Company from denying claims related to Hurricane Rita, the Austin American-Statesman...
Oxley “Totally Committed” to TRIA Reauthorization
Oct 24 2005 // Although Congressional attention has been diverted by fallout from Hurricanes Katrina and Rita, key members of the House are “totally committed” to the reauthorization of the Terrorism Risk Insurance Act...
Prettejohn Stresses Underwriting Discipline, Reforms in Keynote Speech to ACORD Forum
Oct 21 2005 // Lloyd’s CEO Nick Prettejohn, in what may be his last major address as Lloyd’s CEO (See IJ Web site Oct. 17 and 18), told those assembled for the ACORD Forum in London that underwriting discipline continues to...
New Shield Law Could Erase Current Lawsuits Against Gun Makers
Oct 21 2005 // President George W. Bush is expected to sign into law a bill to shield the gun industry from most lawsuits filed by victims of gun crimes. The House approved the bill by a bipartisan vote of 283 to 144, with 59 Democrats...
Calif. Court Rules Illegal Immigrants Can Get Workers’ Comp
Oct 20 2005 // Illegal immigrants injured on the job are entitled to workers’ compensation benefits despite their legal status, a California state appeals court ruled. The 2nd District Court of Appeal ruled in a case involving...
