Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Credit Scoring Bill Passes Georgia Senate
Apr 21 2003 // The Georgia Senate unanimously approved legislation allowing insurers to use credit-based insurance scores in underwriting and rating homeowners and auto insurance coverage, according to the American Insurance Association...
Ariz. Searches for Solution to Meet Deficit Needs
Apr 21 2003 // A billion-dollar shortfall in Arizona’s state economy has many lawmakers conjuring up solutions and desperately searching for ways to solve current and future deficits. One solution that they came up with reportedly...
ACIC’S 14TH ANNUAL GENERAL COUNSEL SEMINAR SET FOR JULY
Apr 21 2003 // Insightful speakers and informative panels will present the most up-to-date overviews of issues affecting P/C insurers writing business in California during the Association of California Insurance Companies’ 14th...
Solution to Growing Asbestos Crisis may be on the Way
Apr 21 2003 // The ‘elephantine mass of asbestos cases’ lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,’” wrote Justice...
Credit Scoring – Agents, Carriers Look to Bridge Divisions
Apr 21 2003 // Give them credit—both agents and carriers have made credit scoring an issue that the industry can’t turn its back on. From studies to hearings, the issue has soared to become one of the top three or four issues in...
Solution to Growing Asbestos Crisis May be on the Way
Apr 21 2003 // The ‘elephantine mass of asbestos cases lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,’” wrote Justice Ruth...
Credit Scoring – Agents, Carriers Look to Bridge Divisions
Apr 21 2003 // Give them credit—both agents and carriers have made credit scoring an issue that the industry can’t turn its back on. From studies to hearings, the issue has soared to become one of the top three or four issues in...
Hold Your Horses!
Apr 21 2003 // One of the Insurance Journal’s roles is to keep insurance professionals updated on key legal issues affecting the insurance industry. Indeed, the Legal Beat Column often focuses on court cases and trends in the law...
South Carolina Kicks Off Pro-State Regulation Campaign
Apr 18 2003 // “Regulation of the insurance industry in South Carolina is best handled by the Department of Insurance in Columbia, not a federal department of insurance in the District of Columbia,” said Gov. Mark Sanford (R)...
Alliance Pleased With New Treasury Department TRIA Regs
Apr 17 2003 // The Alliance of American Insurers reports it is pleased with the U.S. Treasury Department’s second set of regulations under the Terrorism Risk Insurance Act (TRIA) of 2002, which the department released April 15, as...
Navigators Pro Introduces IDL InNAVation Coverage for Independent Directors
Apr 16 2003 // Navigators Pro, a division of Navigators Management Company, a subsidiary of The Navigators Group, Inc. (www.navg.com), has introduced the IDL InNAVation(SM) coverage endorsement to its traditional primary directors and...
NAII Unhappy with Ore. Credit Bill’s Advancement to Senate
Apr 16 2003 // The Oregon Senate Judiciary Committee unanimously voted to pass Senate Bill 260, which would prohibit insurance carriers from using credit information for underwriting and rating policies, the National Association of...
Privacy Regulations Under HIPAA Raise Concerns for P/C Insurers
Apr 15 2003 // While privacy regulations under the Health Insurance Portability and Accessibility Act (HIPAA) do not apply directly to property/casualty insurers, the industry is expecting a significant impact due to health care...
Flex Rating Bill Passes Florida House Subcommittee
Apr 15 2003 // The Florida House Subcommittee on Insurance Regulation approved a bill that would establish a flex rating system for homeowners, commercial property and auto insurance policies, according to the National Association of...
CAS Members Hear Direction of Credit Scoring
Apr 15 2003 // The increasing use of credit scoring by insurers in underwriting and rating personal lines of insurance has reportedly brought on increased interest, oversight and even some action by insurance regulators and state...
PIA National Board Endorses NAIC ASSURE Initiative
Apr 14 2003 // One day after meetings with National Association of Insurance Commissioners (NAIC) president Mike Pickens, the PIA National Board of Directors unanimously adopted a resolution reaffirming PIA’s support of a major...
Mont. Legislature Approves HB 205
Apr 14 2003 // Both houses of the Montana Legislature have approved HB 205, the Insurance Department’s bill to amend the state’s Insurance Information and Privacy Protection Act, according to the Alliance of American...
Florida Flex Rating Bill Passes House Subcommittee
Apr 14 2003 // The Florida House Subcommittee on Insurance Regulation has approved a bill that would establish a flex rating system for homeowners, commercial property, and auto insurance policies. “This measure is a good first...
U.S. Congress Hears of N.J. Auto Insurance Crisis
Apr 11 2003 // Federal lawmakers Thursday learned that New Jersey’s auto insurance crisis has impacted more than a quarter million people within the past three years alone, forcing drivers to search for auto insurance in a market...
Lloyd’s Chairman Calls for Equal Treatment Under U.S. Insurance Law
Apr 11 2003 // The current U.S. regulation system must change to accept Lloyd’s as a loyal partner rather than reinsurance aliens, the Chairman of Lloyd’s of London told journalists in Washington, D.C. recently. Speaking to...
