Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Pack Away Your Sorrows
Apr 18 2005 // An interesting confluence of recent events in Missouri very well illustrates the fickle nature of politicians when it comes to the regulation of insurance. First came a week of ceremonies in which brand new Republican Gov....
\Asked & Answered: Wisconsin Commissioner Jose Gomez
Apr 18 2005 // John Fogerty once sang, “I ain’t no fortunate son.” As the son of an independent insurance agent who forced me to work in the office while I was growing up, I can relate to the sentiment. Wisconsin...
Missouri House Votes to Tigthten Med-Mal Rate Regulation
Apr 18 2005 // JEFFERSON CITY, Mo.–The House recently passed legislation that would tighten regulation of medical malpractice insurers as part of an effort to bring down premiums for physicians. The 141-11 vote sends the bill to...
Tougher Laws Key to Fight Against Insurance Fraud
Apr 18 2005 // How do you convince overworked state prosecutors to chase down often stale-sounding insurance swindles when their case files already are bulging with high-profile crimes such as drugs, robbery and murder? Insurance-fraud...
Entrepreneurial Spirit and Trust: Marks of Today’s Successful MGA
Apr 18 2005 // An Interview with Francis Johnson, AAMGA President-Elect Francis Johnson, president of Johnson and Johnson Inc., of Charleston, South Carolina, becomes president of the American Association of Managing General Agents in...
Territory Map Plan Struck From Fla. House Bill; Senate Passed It
Apr 18 2005 // A proposal that would create a single Florida-wide territory map and eliminate individual rate territories based on predicted hurricane risks and expected loss models was removed from House legislation, but was approved on...
Calif.’s AB 925 Could Mandate Insurers to Invest in Under-served Communities
Apr 18 2005 // California Insurance Commissioner John Garamendi and Assembly member Mark Ridley-Thomas (D-Los Angeles) introduced AB 925, a new piece of legislation that would require insurers to make investments in low- and...
Are California’s Workers’ Comp Troubles Over? SB 899 One Year Later
Apr 18 2005 // It was about one year ago, on April 19, 2004, that California Governor Arnold Schwarzenegger signed SB 899 into law, giving the state’s beleaguered workers’ compensation system a tremendous overhaul. Although...
Man Arrested at Hearing Before Judge
Apr 18 2005 // While appearing in a Sacramento County courtroom for a preliminary hearing, James Chester Taylor Jr., of Quartz Hill, California, was arrested on three additional counts of felony grand theft in a different case. The Los...
NEW MEXICO GOVERNOR SIGNS CREDIT LEGISLATION:
Apr 18 2005 // New Mexico Gov. Bill Richardson (D) signed into law SB 560, the Personal Insurance Credit Information Act, according to the American Insurance Association. The bill was passed by the legislature on March 19. SB 560 will...
Asbestos Legislation Signed in Georgia; Similar Legislation Pending in Fla.
Apr 15 2005 // Georgia enacted meaningful asbestos/silica litigation reform this week as Gov. Sonny Perdue signed House Bill 416, which requires that plaintiffs meet specific medical criteria before they can pursue an asbestos or silica...
Missouri House Passes Bill to Regulate Med-Mal Rates
Apr 14 2005 // The Missouri House passed legislation Wednesday that would tighten regulation of medical malpractice insurers as part of an effort to bring down premiums for physicians. The 141-11 vote sends the bill to the Senate....
Policymakers Urged to Weigh Cost of Consumer Regulation, Not Just Producer Compensation
Apr 14 2005 // Policymakers concerned that producer compensation practices might result in higher prices for insurance consumers should “pay attention to regulatory requirements that have had that effect for years,” according...
Text of Proposed Regs on California Broker Fiduciary Duties Now Available
Apr 14 2005 // Yesterday, California Insurance Commissioner John Garamendi issued a press release briefly outlining proposed changes to his regulations regarding broker fiduciary duties (see Garamendi Unveils New Broker Disclosure...
Garamendi Proposes New Regulations for Homeowners Insurance Market
Apr 14 2005 // California Insurance Commissioner John Garamendi on April 14 announced new regulations to protect homeowners from unfair “use it and lose it” practices in the homeowners insurance market. “We all pay...
Garamendi Unveils New Broker Disclosure Regulations
Apr 13 2005 // California Insurance Commissioner John Garamendi announced new regulations April 13 regarding agent/broker compensation disclosure. The proposed regulations would: Require the agent or broker to advise a client, prior to...
California Workers’ Comp Rate Regulation Bill Moves Through Committee
Apr 13 2005 // A measure approved April 13 by the California Senate Industrial Relations Committee will create an artificial pricing scheme and send the wrong message to workers’ compensation insurers considering investing new...
Insurers Oppose Ore. Auto Repair Shop Legislation
Apr 13 2005 // The Property Casualty Insurers Association of America (PCI) is urging the Oregon Senate to reject legislation which would mislead consumers about a valuable program designed to provide quality repairs to accident-damaged...
R.I. Lawmakers Eye Identity Theft Penalties
Apr 12 2005 // Rhode Island Rep. Al Gemma (D-Dist. 20, Warwick) wants to establish strict standards for identity theft protection and penalties for its violation. A bill he has filed will be heard today before the House Committee on...
PCI Backs Feinstein Consumer Protection Legislation
Apr 12 2005 // Federal lawmakers concerned with protecting consumer data from security breaches should model legislation on the provisions of an effective law on the books in California, Property Casualty Insurers Association of America...
