Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
R.I. Approves Flex Rating for Personal Lines
Jul 7 2004 // Rhode Island lawmakers have passed a bill to relax regulation of personal lines insurance rates in the state. The House and Senate have approved a flex-rating measure allowing insurers to increase or decrease rates by no...
N.Y. Gov. Pataki Reports Drop in Auto Rates
Jul 7 2004 // New York Gov. George Pataki announced a two percent decrease in auto insurance premiums for drivers receiving coverage under the New York Assigned Risk Plan, which will reportedly result in lower insurance payments for...
La. Legislature Completes 2004 Regular Session With More Reforms
Jul 6 2004 // The Louisiana Legislature wrapped up its regular session for 2004 on June 21. During the 2004 session, Louisiana lawmakers continued their reform of the insurance regulatory environment, aiming to bring additional insurers...
Fla. CFO Commends Governor, Lawmakers for Ending Abusive Practices in Annuities Sales
Jul 6 2004 // Florida’s Chief Financial Officer Tom Gallagher has applauded Governor Bush and state lawmakers for enacting legislation which puts an end to abusive sales practices used by unscrupulous insurance agents selling...
At NAMIC, The Door’s Wide Open to Companies of All Sizes
Jul 5 2004 // Chairman Tim Hegarty Explains How His Trade Group Serves Big and Small Alike What happens when you put giants like State Farm, AIG, Nationwide and Liberty Mutual in a room with tiny farm mutuals like Husbandsmans Mutual,...
R.I.’s Beacon Mutual to Expand into Other States for Workers’ Comp
Jul 5 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...
R.I. MAY DELAY LEAD PAINT RULES:
Jul 5 2004 // Lead-paint regulations for thousands of old housing units were to take effect July 1 in Rhode Island, but real estate agents and a growing number of lawmakers say owners need more time to prepare for the changes. The...
Is Market Conduct Reform Finally on the Horizon’
Jul 5 2004 // As baseball immortal Yogi Berra is often fond of saying, “It ain’t over until it’s over.” This particular “Yogi-ism” somehow seems apropos when one considers recent discussions among the...
Legislative Summertime
Jul 5 2004 // Oklahoma and Louisiana lawmakers wrapped up their regular legislative sessions in June, with legislators in each state dealing with insurance issues in distinctive ways. As Tiffany O’Shea, Public Affairs director,...
Louisiana Legislature Ends Regular Session With More Reforms
Jul 5 2004 // The Louisiana Legislature wrapped up its regular session for 2004 on June 21. During the 2004 session, Louisiana lawmakers continued their reform of the insurance regulatory environment, aiming to bring additional insurers...
Calif. Lawmakers Continue to Debate Merits of Workers’ Comp Rate Regulation
Jul 5 2004 // Despite reductions in workers’ comp insurance premiums, California lawmakers will continue to debate the merits of rate regulation. A rate regulation bill, ABX4 No. 16, after passage in the Assembly on a party-line...
Passing in the Slow Lane
Jul 5 2004 // A number of years ago, very good friends of mine rallied their neighbors in an effort to improve their elementary school. With two young children of their own, they had a vested interest in a better school. But they and...
Mass. Seeks to Shake Image as Regulatory Outcast
Jul 5 2004 // Massachusetts officials, moving deliberately to change the image of the state as a regulatory nightmare for insurance companies and to re-make its systems to look more like those found elsewhere, are making progress even...
PCI Stresses Importance of Postal Service Reform
Jul 2 2004 // The Property Casualty Insurers Association of America is one of a number of organizations who have formed a coalition calling for reforms to the U.S. Postal Service. In a recent bulletin the PCI noted: “Currently the...
Agent Groups Express Appreciation as President Signs Flood Insurance Extension Bill
Jul 1 2004 // The Independent Insurance Agents & Brokers of America (the Big “I”) and the National Association of Professional Insurance Agents both hailed President Bush’s signature of the Flood Insurance Reform...
PCI Hears Rep. Baker Describe SOX Regulatory Reform
Jul 1 2004 // Rep. Richard Baker (R-La.), chair of the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises told members of the Property Casualty Insurers Association of America that the so-called Oxley-Baker...
N.Y. Agents Hail Reactivation of Fair Plan Finally
Jun 30 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,...
PCI: Reform Needed to Prevent Future Workers’ Comp Problems in Kentucky
Jun 30 2004 // The Property Casualty Insurers Association of America (PCI) is calling on Kentucky lawmakers to make changes to the workers’ compensation program in the Commonwealth in order to prevent future financial collapses...
Anti-Fax Law Exemption Bill Passes House Committee
Jun 29 2004 // Federal legislation that would exempt existing business relationships from anti-fax laws, including existing agent-client relationships, has advanced in the House and has been introduced in the Senate said the Independent...
Fla. CFO Applauds Gov. Bush, Lawmakers for Enacting Consumer Friendly Legislation Effective July 1
Jun 29 2004 // Florida’s Chief Financial Officer Tom Gallagher commended state policymakers this week for passing important legislation during the 2004 Session aimed at helping insurance consumers. After hearing from thousands of...
