Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
PCI: Senate Bill Reflects Importance of TRIA Extension to American Economy
Jul 25 2004 // The introduction of a bipartisan Senate bill to extend the Terrorism Risk Insurance Act (TRIA) for two years is encouraging news and demonstrates the widespread understanding among members of Congress that the economic...
IHA: Illinoisans Need Legislative Action on Medical Liability Reform
Jul 23 2004 // Despite reported overwhelming support by the public and rank-and-file legislators for meaningful reforms to address Illinois’ medical liability crisis, legislators are reportedly being presented with a proposal...
Mass. Legislation Aims to Eliminate Confusion in Auto Insurance Billing
Jul 22 2004 // The Massachusetts Legislature has approved legislation that insurance agents hope will help eliminate confusion in auto insurance billing. The Massachusetts Senate on Wednesday joined the House in approving House Bill...
PCI Says Lack of “Due Process” Still an Issue with Market Conduct Model Act
Jul 21 2004 // According to the Property Casualty Insurers Association of America (PCI), the failure of regulators to include “due process” provisions in the proposed changes to the National Conference of Insurance...
N.Y. Surplus Lines Industry Worried Gov. Pataki Will Not Sign Minimum Premium Bill
Jul 20 2004 // The New York 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...
NAMIC Addresses NCOIL Regarding Sarbanes-Oxley
Jul 20 2004 // The National Association of Mutual Insurance Companies (NAMIC) told members of the National Conference of Insurance Legislators (NCOIL) at their recent summer meeting in Chicago that states have the financial regulatory...
CONSUMER GROUPS KNOCK MICH. INSURERS’ ‘DISHONESTY’ ON CREDIT SCORING:
Jul 19 2004 // Two consumer advocacy groups released a statement criticizing Michigan auto and homeowners insurers for “false statements” about insurance credit scoring and Gov. Jennifer Granholm’s proposed regulation...
PCI SAYS TENNESSEE AUTO PARTS REGULATION WOULD MAKE CONSUMERS ‘DOUBLE LOSERS’:
Jul 19 2004 // According to the Property Casualty Insurers Association of America (PCI), a Tennessee Department of Commerce and Insurance proposal requiring written permission from auto policyholders or third-party claimants to use...
N.Y.’s Vicarious Liability Costly for Consumers and Auto Dealers
Jul 19 2004 // New York’s so-called vicarious liability law affecting car leasing firms costs consumers more than $130 million a year and has led to a 36 percent decline in the number of vehicles leased in New York each year,...
‘Middle Market’ Not Immune to Directors & Officers Worries
Jul 19 2004 // The Enron, Adelphia, Global Crossing and WorldCom corporate governance and fraud scandals of 2001 and 2002 may seem like a distant and terrible memory, but the public received some harsh reminders recently. Former Enron...
N.Y. FAIR PLAN BACK IN BUSINESS:
Jul 19 2004 // After nearly nine weeks of being suspended, operations at the New York property insurance residual market are back. The suspension of the New York Property Insurance Underwriting Association, also known as the Fair Plan,...
Sun, Sand and Deregulation Featured at Louisiana Agents’ Convention
Jul 19 2004 // It may have seemed like the Independent Insurance Agents and Brokers of Louisiana (IIABL) were just out for fun in the sun when they met in Destin, Fla. last month for their 102nd annual convention. In reality, this...
ACIC DISAPPOINTED IN CALIF. SUPREME COURT ACTION:
Jul 19 2004 // The Association of California Insurance Companies (ACIC) expressed disappointment in the decision by the California Supreme Court not to review a key case related to insurance rate regulation in the state. The Court...
PCI Tells NCOIL That Restrictions on Loss History Are Unnecessary
Jul 18 2004 // The Property Casualty Insurers Association of America (PCI) told lawmakers during a panel discussion that efforts to limit insurers’ access to loss history information on properties are unnecessary and harmful to...
Csiszar Calls for Focus on Regulation at 12th Annual Texas P/C Symposium
Jul 16 2004 // Speaking at the12th Annual Mid-Year Property and Casualty Symposium presented by the Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas (AFACT), Ernst Csiszar, president of the National...
NCOIL Task Force Backs TRIA Extension; Market Conduct Model Next on Agenda
Jul 16 2004 // CHICAGO―A National Conference of Insurance Legislators’ (NCOIL) task force unanimously approved a resolution to extend the Terrorism Risk Insurance Act (TRIA) “for a sufficient period of time to permit...
Fla. Gov. Participates in Pensacola Meeting As Part of Discussion on HSA’s
Jul 16 2004 // Gov. Jeb Bush and Floridians for Health Care Choices hosted a town hall meeting on Thursday to provide an opportunity for federal and state healthcare experts to educate employers and employees on the benefits of Health...
WCRI: Fla. Workers’ Comp Medical Payments Per Claim Grow Due to Increasing Costs in Hospital Services
Jul 16 2004 // The average medical payment per workers’ compensation claim in Florida rose significantly in the most recent period studied, in large part due to the increasing costs of hospital services and treatments by physicians...
Industry Ethics Executive to Participate in National Conference of State Legislatures Discussion
Jul 15 2004 // Donald Walters, general counsel and deputy director of the Insurance Marketplace Standards Association (IMSA), will be among the speakers addressing the issue of regulatory reform in the insurance industry at the 2004...
Rhode Island’s Beacon Mutual Pursues Expansion Plan
Jul 14 2004 // Beacon Mutual Insurance Co., Rhode Island’s largest workers’ compensation insurance writer that was formed in 1990 as a state fund, is taking steps to write coverage outside of the state. The Warwick company...
