Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
The Seibels Bruce Group Reports Lower Profit in 4Q 2002
Mar 31 2003 // South Carolina’s The Seibels Bruce Group Inc., announced financial results for the fourth quarter and year that ended December 31, 2002, reporting it posted a net profit of $805 thousand, or $0.09 per share (basic...
ACIC’s 14th Annual General Counsel Seminar Set for July
Mar 28 2003 // Insightful speakers and informative panels will present the most up-to-date overviews of issues affecting property/casualty insurers writing business in California during the Association of California Insurance...
Florida Insurance Regulator Confirmed
Mar 28 2003 // The Florida Financial Services Commission, made up of the governor and Cabinet, unanimously approved the appointment of Kevin McCarty as director of the Office of Insurance Regulation (OIR). As director, he will be...
Idaho Gov. Signs Landmark Tort Reform Measure Into Law
Mar 28 2003 // A bill signed into law March 26 by Idaho Gov. Dirk Kempthorne (R) sets the standard for tort reform in the states, according to the Alliance of American Insurers. HB 92, which passed the Senate 27-8 and the House 58-12...
NAII Strongly Opposes Proposed Medical Liability Rate Rollback in Fla.
Mar 28 2003 // The Florida Senate Banking and Insurance Committee took a 180-degree turn from the direction of the House and approved legislation that would roll back rates back by 60 percent. The National Association of Independent...
Water Claims Legislation Passes TX Senate Committee
Mar 27 2003 // Legislation authored by Texas Senator Troy Fraser to speed insurance companies’ response to water damage claims, limit the amount insurers can charge homeowners for previous water damage claims, and require the...
NAII Lauds House Passage of N.H. Regulatory Modernization Bill
Mar 27 2003 // The National Association of Independent Insurers praised New Hampshire’s House of Representatives for passing H.B. 684, which it strongly supports, calling it “a bill that will make it easier for insurers and...
SC Supreme Court Ruling on Diminished Value Applauded
Mar 26 2003 // The Alliance of American Insurers praised a ruling by the South Carolina Supreme Court that limits the amount insurers must pay to repair damaged vehicles. The ruling came in a case involving a State Farm policyholder who...
Alliance Opposes RI Bill to Ban Confidential Court Settlements
Mar 26 2003 // According to a bulletin from the Alliance of American Insurers “A bill being heard today by the Rhode Island House Judiciary Committee is an attempt by the trial bar to restrict the use of confidentiality and...
NY to Widen Scope for Captives
Mar 24 2003 // New York Governor George E. Pataki and New York City Mayor Michael R. Bloomberg jointly announced new legislation that will allow a wider range of businesses “the opportunity to utilize captive insurance companies to...
Med Mal Fever: When Doctors Walk Out, Politicians Notice
Mar 24 2003 // They’re baaack. High-flying medical malpractice liability claims losses, that is. The availability crisis of the 1970s and the affordability crisis of the 1980s may be nothing compared to the crisis insurers and...
Mold Legislation Continues Growth in State Legislatures
Mar 24 2003 // State lawmakers around the country have been busy introducing a variety of bills aimed at the issue of mold, how it is addressed by society, and how it is covered by insurers’. “We are currently tracking nearly...
Calif. Commissioner Formally Enforces Regulatory Powers Over SCIF
Mar 24 2003 // California Insurance Commissioner John Garamendi announced March 21 that California State Compensation Insurance Fund would continue to provide workers’ compensation coverage for employers incapable of finding...
TRIA-a Flood of Paper, a Trickle of Buyers
Mar 24 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
AUTO INSURANCE, WORKERS’ COMP EMERGE
Mar 24 2003 // New state laws concerning workers’ compensation and automobile insurance make up the majority of the property/casualty-related insurance laws enacted by state legislatures last year, according to an analysis of...
AAIS Gains Approval in Texas for Homeowners Forms
Mar 21 2003 // Property/casualty insurers that write homeowners insurance in Texas can now use policy forms developed by the American Association of Insurance Services (AAIS). AAIS is a national advisory organization that develops forms...
Coalition, Alliance Hail Senate Passage of NJ Auto Reform Bill, Now Look to Assembly for Action
Mar 21 2003 // The Alliance of American Insurers and the Coalition for Auto Insurance Competition both hailed the passage by the full New Jersey Senate, by a vote of 30-4-7, of legislation aimed at reforming what the Alliance called...
Calif. Commissioner Formally Enforces Regulatory Powers Over SCIF
Mar 21 2003 // Responding to numerous inquiries concerning the availability of workers’ compensation insurance from the California State Compensation Insurance Fund (SCIF), Insurance Commissioner John Garamendi, backed by...
AIA Commends NJ Senate on Passage of Auto Insurance Reform Bill
Mar 20 2003 // The American Insurance Association commended the New Jersey Senate Commerce Committee “for its leadership and bipartisan action in passing historic legislation (Senate Committee Substitute/Senate 63) aimed at...
Ala. Commissioner Urges Passage of Fraud Bill
Mar 18 2003 // Acknowledging that his state has yet to enact strong measures to combat insurance fraud, Alabama Insurance Commissioner Walter A. Bell released the following statement in support of such anti-fraud...
