Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
After Two-Hour Floor Debate, W.Va. House Passes Senate Bill 414
Apr 11 2005 // The West Virginia House of Delegates passed Senate Bill 414 on Friday prohibiting third-party bad-faith lawsuits against insurance companies. SB 414 is part of Gov. Joe Manchin’s insurance and tort reform proposals,...
ABI Applauds New Legislation “To Drive Illegal and Dangerous Motorists from the Roads.”
Apr 8 2005 // The Association of British Insurers’ (ABI) campaign to more effectively enforce sanctions against motorists driving illegally without insurance, is on the road to success. According to the ABI offenders “will...
Lloyd’s CEO Outlines ‘Strategic Challenges’ Facing General Insurance Industry
Apr 8 2005 // Lloyd’s CEO Nick Prettejohn, speaking at the FSA insurance conference on Thursday, April, 7, outlined six “strategic challenges” facing the general insurance industry, which he also indicated was by no...
Fla. Legislation Would Require Insurance Companies to Disclose ‘Hurricane-Preparedness’ Discounts
Apr 8 2005 // Legislation now working its way through the Florida House and Senate would require insurance companies to disclose discounts they offer for policyholders who make their homes more resistant to hurricane winds. At present,...
New Mexico Governor Signs Credit Legislation
Apr 8 2005 // The American Insurance Association commended New Mexico Gov. Bill Richardson (D) for signing into law this week SB 560, the Personal Insurance Credit Information Act. The bill was passed by the legislature on March...
Ky. Court Rules AIK COMP Rehabilitation May Resume
Apr 8 2005 // Franklin Circuit Court Judge William Graham signed an order April 7 enabling AIK COMP rehabilitator Martin J. Koetters to continue his efforts on behalf of the financially troubled self-insured group workers’...
ABI Secures Delay for New Finance Bill Regulations
Apr 7 2005 // The Association of British Insurers (ABI) announced that following discussions with financial authorities, the U.K. Government has decided to drop controversial new clauses from the current Finance Bill. The ABI said it...
Insurance Accounting Probe Spreads; Munich Re Questioned; Bermuda Opens Investigation
Apr 7 2005 // The accounting investigation swirling around AIG has now spread out across the ocean to reach Bermuda and Germany, as authorities questioned Munich Re about its relations ships with AIG and Island regulatorsd launched...
Okla. Gov. Henry Seeks Bipartisan Compromise for Workers’ Comp Reform
Apr 7 2005 // Oklahoma Gov. Brad Henry is calling on legislative leaders to work toward a bipartisan compromise on workers’ compensation reform, saying the issue is too important to fall prey to political disagreements. Two major...
Insurers Warn in Study: Unprofitable Del. Auto Insurance Market Could Face Reduced Competition
Apr 6 2005 // Even after investment income is considered, underwriting private passenger automobile insurance in Delaware has been unprofitable for the past five years, according to a study done by the Property Casualty Insurers...
Key Insurers Withdraw Support for Federal Asbestos Trust Fund but Sens. Frist, Specter Push Ahead
Apr 6 2005 // More than a dozen insurance companies have dropped their support of the proposed $140 billion federal trust fund meant to pay claims stemming from asbestos lawsuits, telling Congress it should instead work to establish...
Report Suggests Texans Overpaying for Insurance
Apr 5 2005 // Insurance companies in Texas overcharged homeowners and drivers by $4 billion last year despite recent legislation designed to limit rising rates, according to a report released recently by two state consumer groups. The...
Single Territory Map Plan Struck From Fla. House Bill, Remains in Senate Version
Apr 4 2005 // A proposal which 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 hurricane legislation last...
Del. Undertakes 5-Point Plan to Address Medical Malpractice and Attract More Competition
Apr 4 2005 // Delaware Insurance Commissioner Matt Denn and a bi-partisan group of legislative leaders, physicians, and civic leaders announced today a series of initiatives to address Delaware’s medical malpractice insurance...
Push Underway for Tough Fla. Insurance Fraud Laws
Apr 4 2005 // Tough legislation to increase fraud penalties in Florida for filing fraudulent auto crash reports that can be used to bilk insurance companies, to strengthen consumers’ rights to sue operators of unauthorized...
States Try Narrow and Broad Approaches to Curbing Driving Distractions
Apr 4 2005 // New Hampshire is the only state that doesn’t require adult motorists to wear seat belts, but it does ticket drivers for eating, drinking, talking on a cell phone or fussing with their makeup while behind the...
Regulators Look for a Clue
Apr 4 2005 // Was it Colonel ChoicePoint in the Conservatory With a Knife? When ChoicePoint Asset Co. finally disclosed Feb. 15 that criminals had gained access to the personal information of as many as 145,000 people in all 50 states,...
State Opposition, Other Issues Bury Federal Charter Efforts
Apr 4 2005 // Although three major proposals to revamp insurance regulation are before legislators in some form, it appears that the industry’s ultimate goal of optional federal charters is nowhere close to fruition. Only the...
TOP COURT RULES FOR INSURERS ON MEDICAL CHARGES:
Apr 4 2005 // The Supreme Court of Michigan recently ruled that the state’s No-Fault Insurance Act prohibits health care providers from charging more than a reasonable fee for services and left it up to lower courts to determine...
Ala. Atty. Gen. Tells AIIA: ‘Take a Stand for Values in Government’
Apr 4 2005 // Take a stand for values in government,” Troy King, Alabama Attorney General, told more than 100 Alabama Independent Insurance Agents attending a March 17 annual Young Legislative Conference in Montgomery. Quinton...
