Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Guy Carpenter Introduces Solvency II Capital Benchmarking Tool
Jan 7 2005 // Guy Carpenter & Company, Inc., Marsh & McLennan’s risk and reinsurance specialist, has announced the introduction of “Capital Adequacy Projector” (CAP), described as a “capital...
NAMIC Supports President’s Commitment to Tort Reform
Jan 7 2005 // President Bush highlighted the need on Wednesday for common-sense medical liability reform to protect patients and to stop the skyrocketing costs associated with frivolous lawsuits. Bush also stressed the call for class...
AIA: Attorneys Call for Workers’ Comp Rate Regulation
Jan 7 2005 // Democratic lawmakers and attorneys are using the recently implemented workers’ compensation reforms as a tool in their game to undermine Gov. Schwarzenegger’s track record, according to the American Insurance...
Conn. Gov. Rell Vows to Tackle Med-Mal Reform
Jan 6 2005 // Connecticut Governor M. Jodi Rell indicated in her State of the State address that medical malpractice issue is on her agenda for the new year, her first full year in office. Rell delivered her first address before the...
Mutiple Deductible Reimbursement Program Lauched to Aid Fla. Hurricane Victims
Jan 6 2005 // The program to reimburse Floridians who were subject to multiple insurance deductibles because their homes were damaged by more than one hurricane in 2004 was launched today by Florida’s Chief Financial Officer Tom...
Pair of Associations Denounce CDI’s Proposed Disclosure Regulations
Jan 6 2005 // The American Agents Alliance and Western Insurance Agents Association, trade association groups consisting of over 1,500 property and casualty insurance agencies called for the Insurance Commissioner to withdraw his...
Maine Auto Coverage Cancellation Law in Effect
Jan 5 2005 // Maine Secretary of State Dan A. Gwadosky is encouraging all Maine motorists and insurance professionals to familiarize themselves with the state’s new law requiring insurers to report cancellation of mandatory...
Ohio Dept. of Insurance Names Walls Assistant Director for Policy and Legislation
Jan 5 2005 // Ohio Department of Insurance Director Ann Womer Benjamin has named Brent Walls Assistant Director for Policy and Legislation. Wall joins the department from the Office of Criminal Justice Services where he served in the...
DEL. COURT WEIGHS CAREFIRST:
Jan 3 2005 // Health care insurer CareFirst has asked the Delaware Supreme Court to overturn an order that dissolved its affiliation with Blue Cross Blue Shield of Delaware. CareFirst attorney Harding Drane Jr. maintained Insurance...
Segal Shows Off Scabies, But Judge Won’t Allow Prison Medical Leave
Jan 3 2005 // Bond was denied Dec. 16 for convicted racketeer, fraudster and Chicago insurance broker Michael Segal, who during the court hearing pulled opened his orange prison jumpsuit to show a federal judge a rash he apparently...
Untangling the Regulatory Environment Pits State Against Federal Legislators
Jan 3 2005 // In times of disaster the insurance industry is supposed to shine, and your industry did,” Alabama Insurance Commissioner Walter A. Bell commented during a panel discussion at the Society of Insurance Research annual...
Legislators to Revive S.C. Fraud Legislation
Jan 3 2005 // Carriers Eyed as Income Source South Carolina legislators want to make insurance carriers pay for more investigators and prosecutors to fight insurance fraud under a proposal suggested by Rep. Daniel L. Tripp,...
Let the Games Begin
Jan 3 2005 // The fun and games are set to begin in Texas. No, not the Olympics nor the Super Bowl–but the Texas Legislature, of course. The legislature will open its doors Jan. 11 and bill filing started last month. Lobbyists,...
APPOINTED COMMISSIONER FOR OKLA.’:
Jan 3 2005 // A Tulsa, Okla.-area legislator plans to take up the mission he began nearly a year ago to change the office of insurance commissioner to one that is appointed rather than elected. State Rep. John Trebilcock, R-Broken...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Jan 3 2005 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Indep-endent Insurance Agents &...
JUDGE FAVORS CDI IN TRIAL CONCERNING REGULATORY AUTHORITY OVER STATE FUND:
Jan 3 2005 // On Dec. 13, Judge Paul Alvarado issued a tentative ruling affirming that the State Compensation Insurance Fund (State Fund) is subject to the Department of Insurance’s authority under the state’s Risk Based...
Insurance Marketing and Communications
Jan 3 2005 // How to Produce Client Seminars As we develop our marketing and communications plans for 2005, one of the most effective ways a broker can provide a customized service to its clients is by producing educational seminars on...
2003-2004 California Year-End Legislative Repo
Jan 3 2005 // A summary of the most important legislation affecting the industry in the New Year The historic recall of Gray Davis and election of Arnold Schwarzenegger as governor of California set the tone for the 2004 legislative...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Jan 3 2005 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Independent Insurance Agents &...
Maryland Lawmakers Agree on Med-Mal Bill But Governor Vows Veto Due to Tax Feature
Dec 31 2004 // The Maryland General Assembly, meeting into the early morning hours Thursday, approved a medical malpractice insurance reform package that Gov. Robert Ehrlich said he would veto because of a dispute over a tax on HMO...
