Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Alliance Lobbyist Levy to Retire After 14 Years of Service
Aug 25 2004 // After 14 years serving as the American Agents Alliance’s representative in Sacramento, lobbyist Ed Levy has decided to retire, effective Aug. 31, 2004. The independent producers’ association called Levy...
PCI Comments on Federal Regulatory Reform Proposal
Aug 25 2004 // Greater pricing freedom, the reliance on competition as the primary regulator, and the reinforcement of states as the primary regulator of the insurance industry are the three most important components of a legislative...
N.J. Consumer Advocates Caution on Geico Return
Aug 24 2004 // The re-entrance of Geico into the New Jersey auto insurance market last week may not significantly affect state residents who already have difficulty getting policies, some consumer advocates contend. The state agreed to...
Federal Oxley-Baker Bill Would Require Competitive Rating and Uniform Regulation by States
Aug 24 2004 // Sweeping legislation being drafted by federal lawmakers would end state approval of insurance rates and require all states to adopt competitive rating for most types of insurance. States would have to stop requiring...
Farewell Reflections-Have You Noticed That’
Aug 23 2004 // The following article is part two of a three-part commentary written by an insurance company executive which includes an industry critique and reflection on lifelong lessons learned. Part one appeared in the Aug. 9 issue...
Captive Industry Makes Green Mountain State Even Greener
Aug 23 2004 // Vermonters from the governor on down are not shy about expressing their affection for the state’s captive insurance industry. At the recent 19th annual conference of the Vermont Captive Insurance Association (VCIA)...
If Mass. Rebuilds Residual Market, Auto Insurers Still Unlikely to Come
Aug 23 2004 // While Massachusetts’ officials are overhauling their auto insurance residual market in hopes of attracting new insurers, it is becoming increasingly clear that the legislature will have to join the reform effort if...
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...
