Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Best Downgrades Some AXA Canada P/C Subsidiaries
Jun 27 2005 // A.M. Best Co. announced that it has downgraded the financial strength ratings of several of AXA Canada Inc.’s wholly owned property and casualty insurance subsidiaries. The rating action affects the following...
Proposal Would Delay R.I. Lead Paint Law Implementation Until Nov.
Jun 24 2005 // A compromise worked out by a Rhode Island state Senate committee would push implementation of the state’s new lead paint law back to Nov. 1. The Committee on Health and Human Services this week approved the plan to...
Conn. Gov. Rell Likely to Sign Med-Mal Bill Despite Insurers’ Concerns
Jun 23 2005 // Insurers are urging Connecticut Gov. Jodi M. Rell to veto a medical malpractice reform measure that is sitting on her desk but Rell’s office has indicated she will likely sign the measure within the next few...
Bad Week for Romney Auto Reforms Continues as Mass. Agents Oppose Competitive Rating
Jun 22 2005 // The day after a court struck a blow to his administration’s reforms of the state’s auto insurance residual market, the powerful independent agents’ lobby also pulled the rug out from under some of Gov....
Big “I” Disputes OFCC Group Inaccuracies on Optional Federal Regulation of Insurance
Jun 22 2005 // The Independent Insurance Agents & Brokers of America issued the following statement from CEO Robert A. Rusbuldt in response to an inaccurate characterization from the OFCC regarding the association’s position...
Allstate Floridian to ‘Immediately’ Raise Homeowners Rates 28 Percent
Jun 22 2005 // Effective immediately, Allstate Floridian Insurance Co. has announced it will raise Florida homeowners rates 28 percent and the company plans to file a request to have the increase approved in July. State law allows...
CAS Attendees Hear of Positive Trends from California Workers’ Comp Reforms
Jun 21 2005 // Insurers, and especially self-insurers, are seeing positive trends as a result of the workers’ compensation reforms in California, experts on the subject told attendees at the recent Casualty Actuarial Society (CAS)...
ACIC Opposes Credit Bill: Urges Regulation Not Elimination
Jun 21 2005 // The Association of California Insurance Companies (ACIC) is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The bill, SB 603 by Sen...
WIAA Fights Back Against Calif. Commissioner’s Proposed Regulations
Jun 21 2005 // The Western Insurance Agents Association has released a brochure on behalf of its member agents detailing its campaign to stop California Insurance Commissioner John Garamendi’s alleged excessive and unjust...
COMMISSIONER WITHDRAWS CONTROVERSIAL ‘SOLE-USE’ BULLETIN
Jun 20 2005 // Indiana Insurance Commissioner Jim Atterholt has withdrawn a bulletin that interpreted the “sole-use” provision of the state’s credit-based insurance scoring law to prohibit insurers from taking adverse...
MOVE TO FILE AND USE ADOPTED
Jun 20 2005 // Minnesota’s insurance marketplace will never be the same after lawmakers passed legislation that will make it easier for insurers to offer newer and improved products to its customers, according to a statement...
FLORIDA CHOICE AWARDS JUDGES SELECTED; ENTRY DEADLINE IS JUNE 24
Jun 20 2005 // Nine judges have been selected for the third annual Florida CHOICE Awards for Workers’ Compensation. The program, produced by CHOICE Medical Management Services LLC, recognizes outstanding physicians who treat...
What Employers Need to Know About Conn.’s New Civil Union Law
Jun 20 2005 // Connecticut recently became the first state to voluntarily adopt legislation recognizing civil unions between same-sex couples. Connecticut’s civil union law, which will go into effect October 1, formally recognizes...
News Briefs
Jun 20 2005 // MASSACHUSETTS CAR NAMES COMMERCIAL CARRIERS: Commonwealth Auto Reinsurers has advanced its new commercial auto limited servicing carrier program by selecting the six carriers that will service this residual market business...
For Mutuals, SOX Rules Don’t Fit
Jun 20 2005 // Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance...
News Briefs
Jun 20 2005 // INDIANA Commissioner Withdraws Controversial ‘Sole-Use’ Bulletin Indiana Insurance Commissioner Jim Atterholt has withdrawn a bulletin that interpreted the “sole-use” provision of the state’s...
Insurers Dodge $500 Million Fox River Cleanup Tab-For Now
Jun 20 2005 // A coalition of carriers that insured Wisconsin’s paper manufacturers have, for now, successfully defeated a legislative effort that would have forced them to pick up the estimated $500 million tab to clean up the...
Editor’s Note: Rearview Mirror
Jun 20 2005 // There are no second acts in American life,” F. Scott Fitzgerald famously noted. True, he never wrote another novel as wonderful as The Great Gatsby, but generally speaking he was wrong. Second, third and fourth...
FAIA President Says: In Our Future Some Things Will Never Change
Jun 20 2005 // Created more than a century ago in 1904 as the Florida Local Underwriters Association, the Florida Association of Insurance Agents adopted its present name in 1941. FAIA is dedicated to enhancing the independent agency...
Court Ruling: Citizens Wind Policies to Pay for Flooding
Jun 20 2005 // Circuit Court Judge Kevin Davey ruled in a class-action lawsuit in Tallahassee, Fla., that Citizens Property Insurance Corp., Florida’s insurer of last resort, must pay the full amount of damage homes were insured...
