Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
Med-Mal, Comp Left on Table as Ill. Lawmakers Finally Adjourn
Aug 3 2004 // Although the Illinois General Assembly just wrapped up the longest overtime in state history, several bills critical to the insurance industry fell by the wayside due to ongoing political wrangling and the overshadowing...
Mass. Gov. Romney Signs Bill Changing Effective Date of Auto Rates to April 1
Aug 3 2004 // Massachusetts Gov. Mitt Romney has signed into law a bill changing from January 1 to April 1 the date that annual private passenger auto insurance rates take effect. The measure had been backed by the Massachusetts...
PCI Backs Ky. Governor’s Action on WC Funds
Aug 3 2004 // A decision by Gov. Ernie Fletcher to have the Office of Insurance take over regulation of the group self-insured workers’ compensation funds in Kentucky is reportedly supported by the Property Casualty Insurers...
Del. Sessions Ends in Status-Quo for Insurers
Aug 2 2004 // Delaware Gov. Ruth Ann Minner has signed a number of bills of interest to the property/casualty industry since the 2003-2004 legislative session ended July 1, most recently the personal injury protection legislation and a...
NAMIC Issues P/C Legislative Analysis
Aug 1 2004 // One-fifth of the 251 property/casualty bills enacted in the states so far this year relate to the regulation of automobile insurance, according to an analysis by the National Association of Mutual Insurance Companies...
