Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Privatization of Utah Workers’ Comp Fund Fails as Legislature Adjourns
Mar 5 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...
AIA Addresses Actions Taken by State Commissioners’ Working Group on Credit Scoring Use
Mar 5 2004 // According to the Washington, D.C. office of the American Insurance Association (AIA), a state insurance regulator’s working group is being pressured by the National Association of Insurance Commissioners (NAIC) to...
Congressman Frank Guest Speaker at IIABA National Legislative Conference
Mar 4 2004 // Congressman Barney Frank (D-Mass.), the ranking Democrat on the House Financial Services Committee, will speak to members of the Independent Insurance Agents & Brokers of America (IIABA) during their National...
PIFC Adds NAMIC to Membership
Mar 4 2004 // The Personal Insurance Federation of California (PIFC) announced that the National Association of Mutual Insurance Companies (NAMIC) has been unanimously approved by the PIFC Board of Directors to become the newest...
New Hampshire Judge Clears Way for Enhanced Damages in Drunk Driving Cases
Mar 3 2004 // Rhode Island Judge Rules Jury Retrial in Lead Paint Industry Suit A jury will hear the retrial of a landmark lawsuit against the lead paint industry, a Rhode Island judge ruled. Superior Court Judge Michael Silverstein...
Rhode Island Judge Rules Jury Retrial in Suit Against Lead Paint Makers
Mar 3 2004 // A jury will hear the retrial of a landmark lawsuit against the lead paint industry, a Rhode Island judge ruled. Superior Court Judge Michael Silverstein rejected the state’s motion to have a judge, rather than a...
AIA Notes N.H. Adoption of New Credit Rule
Mar 3 2004 // The American Insurance Association has issued a bulletin noting that the New Hampshire Insurance Department (NHID) has finalized a rule on credit-based insurance scores (INS 3300) “that balances consumer protections...
NAIC, PCI Issue Statements in Response to Consumer Group Criticisms on Regulatory Reform
Mar 3 2004 // The National Association of Insurance Commissioners (NAIC) and the Property Casualty Insurers Association of America (PCI) issued statements in response to a letter from two consumer groups that criticized the insurance...
AIA Urges Md. Senate Finance Committee to Improve Viability of Workers’ Comp System By Passing SB 466
Mar 2 2004 // On Tuesday, the American Insurance Association (AIA) testified before the Maryland Senate Finance Committee in support of critical workers’ compensation legislation that would reportedly enable Maryland – like...
Segal Now Charged With Seeking Special Regulatory Treatment
Mar 1 2004 // Michael Segal, the president and CEO of Chicago-based Near North National Group, was already under federal indictment of 17 counts of fraud and racketeering. Now federal prosecutors in the U.S. District Court of Northern...
Maine Governor Reappoints Iuppa as Insurance Superintendent
Mar 1 2004 // Maine Governor John E. Baldacci has reappointed Alessandro A. Iuppa as superintendent of the Maine Bureau of Insurance. The bureau is responsible for overseeing the 950 insurance companies and 35,000 agents licensed in...
Industry Has Productive Legislative Session in New Mexico
Mar 1 2004 // The New Mexico legislature’s regular 30-day session adjourned at noon on Feb. 19, 2004. Although the New Mexico Constitution largely limits the scope of 30-day sessions to fiscal matters, the governor can ask...
Calif. Commissioner Applauds Vargas’ Workers’ Comp Reform Bill
Feb 27 2004 // Calling it California’s best hope for a comprehensive solution to the workers’ compensation crisis, Assemblyman Juan Vargas (D-San Diego), and California Insurance Commissioner John Garamendi announced the...
PCI Urges Senate to Keep Medical Liability Reform on ’04 Agenda
Feb 26 2004 // An effort by the U.S. Senate to reform the nation’s medical liability system by placing reasonable caps on non-economic damages fell short earlier this week, reportedly leaving the future of reform legislation in...
Pa. Supreme Court Ruling Reportedly Prolongs Extreme Asbestos Litigation System
Feb 26 2004 // A Pennsylvania Supreme Court ruling last week regarding asbestos liability limits will only exacerbate the out-of-control asbestos litigation system in the state and can potentially delay or prohibit a truly sick claimant...
AIA Opposes N.Y. Workers’ Comp Bill
Feb 25 2004 // The American Insurance Association joined the PCI (See IJ Web site Feb. 24) in opposing legislation – Assembly Bill A. 9736 – under consideration in New York, indicating that the measure would further erode a...
PIRRGA Obtains Regulatory Approval to Underwrite Med-Mal Insurance in Florida
Feb 24 2004 // Pediatricians Insurance Risk Retention Group of America (PIRRGA), a physician-owned and governed medical malpractice insurance company, has received notification of registration from the Florida Office of Insurance...
Missouri DOI Finds Insurance Scoring Harms Poor, Minorities
Feb 23 2004 // Insurers’ use of credit scoring in underwriting and rating personal lines insurance harms poor and minority policyholders in Missouri, according to a study released by the state’s insurance department. The...
Missing Perspective in Missouri
Feb 23 2004 // In the last year, policymakers have crafted more measured responses to political concerns about insurers’ use of credit information. Such a balance is lacking in the Missouri proposal. Property/casualty...
SOUTH CAROLINA HOMEOWNERS RATE MODERNIZATION BILL CLEARS FIRST HURDLE:
Feb 23 2004 // The South Carolina Senate Banking and Insurance Committee recently approved a flex rating bill supported by the American Insurance Association that would reportedly eliminate prior approval for homeowners insurance rates....
