Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
PRIVATIZATION OF UTAH WORKERS’ COMP FUND FAILS:
Mar 22 2004 // Private insurers won a victory this week as legislation to privatize the Utah Workers’ Compensation Fund (WCF) died in the final hours of the 2004 Utah legislative session. However, the defeat of this legislation (SB...
Judge Bars Silverstein from WTC Trial over Remarks
Mar 22 2004 // Judge Michael Mukasey has come down hard on Larry Silverstein, barring him from attending the current trial over the amount of recovery for the destruction of the World Trade Center, after he reportedly violated the...
Mass. Eyes Fla.-style Hurricane Fund to Ease Coastal Homeowners Crisis
Mar 22 2004 // Massachusetts officials, searching for ways to ease a homeowners insurance availability crisis on Cape Cod and other coastal areas, are researching how Florida dealt with its insurance difficulties 10 years ago when it set...
WIS. COURT RULES FOR CONTRACTORS ON CGL OBLIGATIONS:
Mar 22 2004 // A Jan. 9, 2004 decision by the Wisconsin Supreme Court held that standard commercial general liability (CGL) policies cover accidents caused by defective construction. Wisconsin’s high court reversed the decision of...
Fla. CFO Promotes Legislation to Prevent ID Theft
Mar 22 2004 // Florida Chief Financial Officer Tom Gallagher on Monday unveiled a proposal to require financial institutions, brokerages, insurance companies and agencies to use greater care when they dispose of consumer records...
Calif. Governor Wants Workers’ Comp Fix in a Week
Mar 22 2004 // Gov. Arnold Schwarzenegger warned state legislators that unless they reach a deal next week to repair California’s costly workers’ compensation system, he’ll bypass them and go to voters to fix the...
Insurance Scoring Reportedly Provides Significant Benefits to Fla. Consumers
Mar 22 2004 // Insurance scoring is a proven, accurate, objective and consistent risk assessment tool that provides significant benefits to Florida consumers, the Florida insurance industry testified Monday at a Florida Office of...
Revised Workers’ Comp Estimates Misconstrued by Senator, Commissioner
Mar 22 2004 // California Senator Richard Alarcón (D-San Fernando Valley) came down on the insurance industry March 10, demanding that workers’ compensation insurers cut their premium rates immediately to reflect revised industry...
NAMIC First to Join PIFC as Associate Member
Mar 22 2004 // The National Association of Mutual Insurance Companies (NAMIC) recently joined the Personal Insurance Federation of California (PIFC) as an associate member. According to Jerry Davies, PIFC communications director, NAMIC...
Industry Has Productive Legislative Session in New Mexico
Mar 22 2004 // The New Mexico legislature’s regular 30-day session adjourned Feb. 19. Although the New Mexico Constitution largely limits the scope of 30-day sessions to fiscal matters, the governor can ask legislators to consider...
NAMIC Praises W. Va. Anti-Fraud Bill Enactment
Mar 19 2004 // The National Association of Mutual Insurance Companies (NAMIC) said that its member companies were pleased that before West Virginia lawmakers adjourned Saturday they enacted House Bill 4004, an omnibus insurance bill that...
Insurers, Agents Back Oxley’s ‘Middle Ground’ Proposal
Mar 18 2004 // Both insurer and agent groups have reacted positively to U.S. Rep. Michael Oxley‘s recent proposal to give the federal government sweeping new powers to oversee how states regulate the insurance industry. Oxley, an...
Calif. Commissioner Says Insurers Could Live with Some Rate Regulation
Mar 18 2004 // Calif. Insurance Commissioner John Garamendi, in an apparent change in direction, said recently that California could regulate workers’ compensation insurance rates in a way that wouldn’t discourage insurers...
CIAB Urges W. Va. Governor to Ink Legislation Repealing Counter-Signature Statute
Mar 18 2004 // The Council of Insurance Agents & Brokers (CIAB) on Thursday sent a letter to West Virginia Gov. Bob Wise urging him to sign legislation approved by the West Virginia House and Senate repealing that state’s...
Maine Governor Unveils Plan to Revamp Gridlocked Workers’ Comp Board
Mar 17 2004 // Flanked by the presidents of the Maine AFL-CIO and Maine State Chamber of Commerce, Governor John E. Baldacci on March 16 unveiled legislation to restructure the Maine Workers’ Compensation Board. The goal of the...
PCI Outlines State Lobbying Push for 2004
Mar 17 2004 // The Property Casualty Insurers Association of America (PCI) provided state regulators a preview of the association’s 2004 regulatory modernization initiatives during the industry liaison session of the National...
PCI Letter Cites N.J. Auto Reforms
Mar 16 2004 // An editorial that appeared in the Newark Star-Ledger on March 4 evoked a positive response from the Property Casualty Insurers Association of America. PCI Northeast Regional Manager Richard Stokes, in a letter to the...
PCI Urges NAIC to Leave Insurance Scoring to States
Mar 16 2004 // The Property Casualty Insurers Association of America has issued a bulletin indicating that continued debate within the National Association of Insurance Commissioners’ Credit Scoring Working Group about definitions...
Virginia Advances State Insurance Plan for Physicians
Mar 16 2004 // Virginia has moved closer to allowing physicians and hospitals to purchase medical malpractice insurance from the state’s risk management office. A measure, SB601, has passed initial rounds in the General Assembly...
Electronic State Filings Proving to be Popular
Mar 16 2004 // More and more insurers and states are using systems for electronically filing rates and forms to meet regulatory requirements, with the number of electronically filed forms tripling in the past year. For all of 2003, more...
