Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
N.Y. Surplus Lines Industry in Uphill Battle over Premium Financing
Aug 23 2004 // New York’s surplus lines industry is trying to convince the Pataki administration to allow a change in the premium financing of surplus lines accounts, a change that lawmakers have approved overwhelmingly, but the...
N.Y. GETS CREDIT SCORING LAW:
Aug 23 2004 // New York Gov. George Pataki has allowed a bill governing insurers’ use of credit scoring to become law without his signature. The bill is based on the industry-supported model developed by the National Conference of...
NCOIL Accepts NAIC Changes to Market Conduct Model
Aug 23 2004 // Under heavy pressure from Congress and insurance industry lobbyists to pick up the pace on regulatory modernization, the National Conference of Insurance Legislators (NCOIL) accepted most of the changes to its market...
Kentucky Governor Fletcher Keeps Commonwealth in Stride
Aug 23 2004 // Kentucky Gov. Ernie Fletcher (R) has had a busy last few weeks. Between weighing in on the AIK Comp Fund issue in the Commonwealth and seeing to it that residents get the help they need from storms that rumbled through...
ICT Symposium Focused on Regulation, State of the Market and More
Aug 23 2004 // Attendees at the 12th Annual Mid-Year Property and Casualty Symposium presented in July by the Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas (AFACT) were treated to a series of...
Producers Caught in Multistate Surplus Lines Web
Aug 23 2004 // A solution that is both simple and fair is the creation of an interstate compact like the one under review by NAPSLO’s legislative committee. Surplus line producers have benefited greatly from the Gramm-Leach-Bliley...
NCOIL Accepts NAIC Changes to Market Conduct Model
Aug 23 2004 // Under heavy pressure from Congress and insurance industry lobbyists to pick up the pace on regulatory modernization, the National Conference of Insurance Legislators (NCOIL) accepted most of the changes to its market...
Changing the Face of California’s Insurance Marketplace
Aug 23 2004 // IBA West’s O’Kane Reflects Back on 22-Year Tenure There are few people in the insurance industry that have truly made an impact on behalf of independent agents and brokers. Jerry O’Kane is one of those...
Fiduciary Liability: The Most Misunderstood of Management Exposures
Aug 23 2004 // In the early 1960s, life in the United States was lived at a slower pace. Transportation and communication required more time (and patience) and employees were more inclined to trust employers on issues relating to...
Judge Dismisses Suit Against OxyContin Maker
Aug 20 2004 // A federal judge in Roanoke, Va. has dismissed a lawsuit against Connecticut-based OxyContin maker Purdue Pharma by three men who claimed they became addicted to the painkiller while using it to treat their various medical...
Panel Takes Fresh Look at Terrorism
Aug 20 2004 // In a code orange New York, the International Association of Industrial Accident Boards and Commissions (IAIABC) took a fresh look at terrorism and its relation to workers’ compensation at its recent 90th Annual...
Panel OKs Former Industry Lobbyist as Regulation Chief
Aug 20 2004 // Rejecting a consumer group’s concerns, a Senate committee Wednesday unanimously approved Gov. Arnold Schwarzenegger’s appointment of a former insurance industry lobbyist as head of the agency that rules on the...
Mass. Gov. Romney Inks Fire Safety Legislation
Aug 17 2004 // Massachusetts Gov. Mitt Romney on Tuesday signed into law the Commonwealth’s most far-reaching fire safety legislation since the Cocoanut Grove fire in 1942, strengthening the state’s laws to prevent tragedies...
Former NAIC Lawyer Opens Mo. Firm
Aug 12 2004 // The Myers Law Firm has opened an office in Lee’s Summit, Mo. Its principal, Ross S. Myers, served 5 1/2 years as senior counsel of insurance regulatory affairs for the National Association of Insurance Commissioners...
PCI Supports NAIC Drafting Note Change; Criminal Background Check Model Should Be Delayed
Aug 12 2004 // A news release from the Property Casualty Insurers Association of America notes that insurers continue to recommend putting the brakes on the National Association of Insurance Commissioners’ proposed criminal...
Former Deputy Commissioner Joins Lord, Bissell & Brook
Aug 10 2004 // The law firm of Lord, Bissell & Brook LLP welcomed Norris W. Clark, former Deputy Commissioner of the California Department of Insurance, to its insurance and reinsurance practice group. On Aug. 2, Clark joined Lord,...
Grillo Confirmed as Head of New Ill. Super-Department
Aug 10 2004 // The Illinois Senate voted 53-0 to confirm Fernando E. Grillo as head of the new super-department into which the state’s insurance department has been consolidated. Grillo will head the Department of Financial and...
PIANJ Hails Court Ruling on Agent E&O
Aug 10 2004 // The Professional Insurance Agents of New Jersey Inc. said a decision rendered last week by the Supreme Court of New Jersey in the case of President vs. Jenkins is a victory for all agents because it maintains the current...
Judge Rules OSHA Must Disclose Safety Violators
Aug 9 2004 // The government must disclose the names of companies with the worst safety records along with their injury rates, a federal judge has ruled. The Occupational Safety and Health Administration, a Labor Department agency, had...
RHODE ISLAND ADOPTS FLEX RATING:
Aug 9 2004 // Rhode Island lawmakers recently passed a bill to relax regulation of personal lines insurance rates—flex-rating measure allowing insurers to increase or decrease rates by no more than 5 percent within a one-year period...
