Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Utah Supreme Court Rules State has No Holding in Workers Comp Fund
Sep 5 2005 // The Utah Supreme Court has agreed with a lower court that the state has no ownership in the Workers Compensation Fund other than as one of the 33,000 policyholders. The court on Tuesday upheld Third District Judge Timothy...
News Briefs
Sep 5 2005 // NAMIC ENCOURAGES RATE MODERNIZATION IN HAWAII: The National Association of Mutual Insurance Companies has told a Hawaii legislative committee that passing rate modernization laws would benefit state commerce and insurance...
State Farm Car Parts Reversal Gives Boost to Class Action Critics
Sep 5 2005 // Critics of national class action suits were among those cheering the loudest after the Illinois Supreme Court dismissed a $1.06 billion judgment against State Farm Insurance involving the use of generic auto repair...
NAPSLO Prepares for Record Attendance at Annual Conference
Sep 5 2005 // As the National Association of Professional Surplus Lines Offices gathers in San Francisco this month (Sept. 14-18) for its annual national conference, Insurance Journal recently caught up with the outgoing President...
Budget Office Figures Federal Asbestos Fund Too Small to Pay All Claims
Sep 5 2005 // The Congressional Budget Office has estimated that the federal $140 billion asbestos compensation fund being considered by Congress could be too small to cover claims over the next 50 years. The Fairness in Asbestos Injury...
Mass. Auto Insurance Rates: How Low Will They Go for Next Year?
Sep 5 2005 // As the wheel that sets 2006 auto insurance rates in Massachusetts begins spinning, there is no doubt it will be pointing at a negative number when it comes to rest in about two months. The real mystery is just how negative...
‘Sham Declinations’ Leave N.Y. Excess Broker Liable for Insurer’s Losses
Sep 5 2005 // A New York excess lines insurance broker’s use of “sham declinations” to skirt the law on placing coverage with a non-admitted carrier could cost the broker a lot more than just regulatory fines, if a...
NAPSLO Prepares for Record Attendance at Annual Conference
Sep 5 2005 // Leadership Says Surplus Lines Industry in Good Shape; Ready for Softer Market As the National Association of Professional Surplus Lines Offices gathers in San Francisco this month (Sept. 14-18) for its annual national...
Finding Solutions to the Industry’s Compliance Requirements
Sep 5 2005 // Technology Initiatives Can Help Carriers Enhance Regulation Strategies Compliance requirements for the insurance industry have changed radically in the last three years, including the The Patriot Act and Sarbanes Oxley...
CREDIT-BASED INSURANCE SCORING ESSENTIAL IN ALASKA:
Sep 5 2005 // In response to proposed regulations that would prohibit the use of credit-based insurance scoring in the renewal of insurance policy underwriting, NAMIC testified on Aug. 30 at an Alaska Division of Insurance hearing that...
Mass. Auto Insurance Rates: How Low Will They Go for Next Year?
Sep 5 2005 // As the wheel that sets 2006 auto insurance rates in Massachusetts begins spinning, there is no doubt it will be pointing at a negative number when it comes to rest in about two months. The real mystery is just how negative...
Budget Office Figures Federal Asbestos Fund Too Small to Pay All Claims
Sep 5 2005 // The Congressional Budget Office has estimated that the federal $140 billion asbestos compensation fund being considered by Congress could be too small to cover claims over the next 50 years. The Fairness in Asbestos Injury...
By Andrew G. Simpson
Sep 5 2005 // A New York excess lines insurance broker’s use of “sham declinations” to skirt the law on placing coverage with a non-admitted carrier could cost the broker a lot more than just regulatory fines, if a...
Fla. Lawmakers Voice Support for National CAT Fund
Sep 1 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.) have voiced their support for a national catastrophe fund that insurance companies would establish to provide extra funding in the event of...
R.I. Limits Teen Drivers’ Passengers
Aug 28 2005 // The Rhode Island Division of Motor Vehicles sent out letters this weekend to 11,000 new teenage drivers in Rhode Island alerting them to a new law that limits the number of underage passengers who can ride with them. There...
PCI Says: N.C. Legislature Passed Important Workers’ Comp Reforms
Aug 26 2005 // As North Carolina lawmakers prepare for adjournment after a long session, they can claim credit for passing important reforms to the state’s workers compensation system and identity theft protection legislation this...
N.J. Gov. Codey Signs Major Dormitory Safety Legislation
Aug 26 2005 // Acting New Jersey Gov. Richard J. Codey has signed legislation to prohibit smoking in public and private college and university dormitories. “Today we are creating safer, healthier residence halls,” Codey said....
Utah Supreme Court Rules on Status of WCF Ownership
Aug 25 2005 // The Utah Supreme Court has declared that Workers Compensation Fund’s assets are owned by policyholders, not the State of Utah. The ruling in favor of WCF settles long-standing challenges by the State of Utah and...
Del. Captive Insurance Association Applauds New State Legislation
Aug 25 2005 // At a ceremonial bill signing held earlier in the week, the Delaware Captive Insurance Association (DCIA) commended the Delaware General Assembly and Delaware Gov. Ruth Ann Minner for the recent passage of House Bill 218,...
WIAA Invited to Submit Testimony on Latest Addition to Garamendi Agenda
Aug 24 2005 // D’Arelli Says “Here They Go Again” Rancho Cordova…The California Department of Insurance has invited leaders within the insurance industry to participate in “prenotice discussions”...
