Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Fla. CFO Applauds Lawmakers for Approving Legislation to Increase Availability of Homeowners Insurance
May 3 2004 // Florida Chief Financial Officer Tom Gallagher commended state lawmakers for approving legislation, Senate Bill 2488, that will increase the availability of homeowners insurance through changes to the Florida’s...
WCIRB Testifies at CDI Public Hearing
Apr 30 2004 // On April 29, the WCIRB testified at a California Department of Insurance (CDI) public hearing called to assess the impact of the recently-enacted Senate Bill 899 (SB 899) on advisory pure premium rates effective July 1,...
Insurers Again Looking for Less Regulation in Louisiana
Apr 29 2004 // Four months after a new law gave insurance companies more freedom to raise their rates, insurance lobbyists were back before a House panel asking for even looser regulatory restraints. According to the Associated Press,...
Allstate Case May End Use of Special Judges in La.
Apr 28 2004 // The use of administrative law judges to settle some legal disputes involving state agencies could be threatened by a lawsuit now before the Louisiana Supreme Court. According to Associated Press reports, the suit started...
SB 1315 Would Limit Consumer Choice, Violate California Constitution
Apr 28 2004 // The Association of California Insurance Companies (ACIC) is opposed to pending legislation, SB 1315, which would limit consumer choice on fire insurance policies and violate the California Constitution’s contract...
Zenith Announces First Quarter Results
Apr 28 2004 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $25.1 million for the first quarter of 2004 compared to net income of $11.7 million for the first quarter of 2003. Diluted net income per...
AIA, PCI Slam Proposed Mich. Ban on Insurance Scoring
Apr 28 2004 // Two national insurance lobbying groups joined their industry brethren by announcing their vehement opposition to Michigan Gov. Jennifer Granholm’s proposal to ban the use of credit-based insurance scoring. Granholm,...
Judge Tells WTC Jurors They Can Render Separate Decisions on Four Lloyd’s Insurers
Apr 27 2004 // In what reports have characterized as a minor victory for Silverstein Properties in the WTC insurance recovery case, Judge Michael Mukasey told the jury, which ended five days of deliberations yesterday, that they could...
Oklahoma Workers’ Comp Proposals Revived
Apr 27 2004 // Several workers’ compensation reforms proposed in a pair of Oklahoma House of Represenatives bills that died in the Senate had new life breathed into them by amendments the House attached to Senate Bill...
Gov. Bush Inks Premium Tax Database Legislation
Apr 27 2004 // Florida Gov. Jeb Bush on Tuesday signed into law a bill creating an electronic database for insurers to use in allocating insurance property and casualty premium taxes. “H.B. 251 is a major step forward in...
Conn. Vote on Med-Mal Caps Expected Today
Apr 26 2004 // Legislative leaders are predicting a battle over whether the state should place caps on non-economic damages in medical malpractice jury awards. The House of Representatives is scheduled today to debate the long-awaited...
Judge: Louisiana Owes $1.2M to Failed Insurer
Apr 23 2004 // A judge in Baton Rouge, La. awarded the owner of a failed insurance company more than $1.2 million from the state, years after two former consultants pleaded guilty to illegally handling the company’s assets. The...
Putnam Settlement Weighs on MMC’s Q1 Results
Apr 22 2004 // Marsh & McLennan Companies, Inc. reported financial results for the quarter ended March 31, 2004. Consolidated revenues increased 13 percent to $3.2 billion from $2.9 billion in the first quarter of 2003. Net income...
Connnecticut Republicans Push for Med-Mal Caps
Apr 22 2004 // If medical malpractice legislation comes to the floor of the Connecticut House before it adjourns on May 5, Republicans plan on attaching provisions to cap medical awards. Legislative committees weighing the issue for...
Ky.’s Bunning Named 2003 IIABA Legislator of the Year
Apr 22 2004 // U.S. Sen. Jim Bunning (R-Ky.) was presented the 2003 Gerald Solomon Legislator of the Year Award by the Independent Insurance Agents & Brokers of America (IIABA) during the Association’s 28th annual National...
IIABA Honors Tubertini With Sidney O. Smith Award
Apr 22 2004 // Ronald Tubertini, the chairman of the Independent Insurance Agents & Brokers of America (IIABA) Government Affairs Committee, was presented with the Association’s highest individual government affairs...
Agents Hear Updates on Regulatory Reform, 2004 Senate Races
Apr 22 2004 // Washington, D.C. – With a packed attendance for the Thursday morning breakfast session, independent agents at the 28th Annual Independent Insurance Agents and Brokers’ 2004 National Legislative Conference,...
AIA Praises New Labor Regulations
Apr 21 2004 // The American Insurance Association has issued a bulletin supporting The U.S. Labor Department’s update of overtime regulations. The AIA said it expects the new rules “will help end needless litigation, as well...
NAMIC Disappointed Georgia Fails to Pass Tort Reform
Apr 21 2004 // An official of the National Association of Mutual Insurance Companies (NAMIC) said that his organization is disappointed that Georgia lawmakers were unable to enact significant tort reform legislation this year related to...
Conn. Session Nears End with Key Bills Stalled
Apr 20 2004 // With a May 5 deadline approaching, Connecticut state lawmakers have yet to finish the major work of the session, such as prison reform, medical malpractice insurance changes, an ethics overhaul and revisions to the next...
