Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Disparities Between House, Senate Bills Hold Up Terrorism Backstop
Jul 22 2002 // The U.S. insurance industry must have breathed a collective sigh of relief June 18, when the Senate approved terrorism insurance backstop legislation after months of debate and delay. But now legislators must reconcile the...
Colo. Bill Would Prohibit Insurers From Refusing to Issue Fire Policy in Disaster Area
Jul 12 2002 // The Colorado House gave initial approval July 10 to a Senate bill that would prohibit insurers from refusing to issue a fire insurance policy within a federally designated disaster area due to wildfire. The prohibition...
AIA Calls on NAIC Privacy Issues Working Group to Remove Proposed Amendment to Model Regulation
Jul 10 2002 // The American Insurance Association (AIA) is calling on the National Association of Insurance Commissioners (NAIC) Privacy Issues Working Group to withdraw a proposed amendment to the model privacy regulation. The proposed...
NAII Urges Caution on Federal Legislative Move to Address Mold
Jul 9 2002 // Congress should proceed cautiously as it considers a federal approach to mold- related insurance claims and seeks to establish mold exposure standards, according to the National Association of Independent Insurers...
Money Laundering Report Cites Successes, Extra Work
Jul 9 2002 // A new report on money laundering prepared by Professor Martin Gill of the University of Leicester’s Scarman Centre, concludes that the senior mangers of most financial firms, including insurance companies, now...
Scottish Judge Rules Out “Fast Track” for Asbestos Victims
Jul 9 2002 // Lord Cullen, Scotland’s Lord Justice General, ruled that plaintiff’s in asbestos related cases most continue to bring their actions through regular court proceedings rather than applying the rules of the...
Judge Rules Swiss Re Can Question GMAC on WTC Settlement
Jul 4 2002 // Swiss Re won another round in its lawsuit with Silverstein Properties over the amount of the recovery for the WTC losses, when Judge John Martin ruled that conversations between Silverstein’s lawyers and GMAC’s...
Coalition Supports Bill to Reform NJ Auto Insurance Regs
Jun 28 2002 // After months of discussion, and a last minute compromise which assured that State Farm will continue in New Jersey’s automobile insurance market for at least the next three years, Legislators have finally introduced...
NJ, State Farm Agree to Delay Withdrawal for 3 Years
Jun 26 2002 // State Farm Indemnity, New Jersey’s largest auto insurer with around 735,000 policyholders, has reached agreement with the governor and the NJ Department of Banking and Insurance (DOBI) to delay its withdrawal from...
AASCIF President Met with Senator for Swift Passage of Terrorism Legislation
Jun 26 2002 // Kenneth Bollier, president of the American Association of State Compensation Insurance Funds (AASCIF), recently met with U.S. Senator Charles Schumer (D-New York) and the staffs of Senators Barbara Boxer (D- California)...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
Can Politicians Put the Homeowners Market Back Together Again’
Jun 24 2002 // As what could become one of the most competitive election seasons in recent Texas history takes shape, it should come as no surprise that the homeowners crisis affecting consumers virtually statewide has taken on prime...
FEDERAL OVERSIGHT FOR INDUSTRY CONSIDERED:
Jun 24 2002 // Federal lawmakers met recently to discuss the possibility of allowing insurance companies to have the option to be regulated by the federal government as opposed to the current system of state regulation, according to the...
AAI URGES MODIFICATION ON SAFEGUARDING INFORMATION:
Jun 24 2002 // Regulations being proposed in three states aimed at safeguarding consumer information should be modified so as not to encourage private lawsuits against insurers, according to the Alliance of American Insurers. The three...
Can Politicians Put the Homeowners Market Back Together Again’
Jun 24 2002 // As what could become one of the most competitive election seasons in recent Texas history takes shape, it should come as no surprise that the homeowners crisis affecting consumers virtually statewide has taken on prime...
FEDERAL OVERSIGHT FOR INDUSTRY CONSIDERED
Jun 24 2002 // Federal lawmakers met recently to discuss the possibility of allowing insurance companies to have the option to be regulated by the federal government as opposed to the current system of state regulation, according to the...
AAI URGES MODIFICATION ON SAFEGUARDING INFORMATION
Jun 24 2002 // Regulations being proposed in three states aimed at safeguarding consumer information should be modified so as not to encourage private lawsuits against insurers, according to the Alliance of American Insurers. The three...
GLBA Training
Jun 24 2002 // Syntrio Inc., a San Francisco-based provider of online training materials, released a new online course, Privacy Laws and Practices: Applying the Gramm-Leach-Bliley Act to the Insurance Industry, to provide information to...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
S.C. Legislative Session Ends with Good News for Insurers
Jun 21 2002 // The 2002 session of the South Carolina legislature wrapped up last week on a positive note for the insurance industry, which saw victories on issues including credit scoring, commercial modernization, and producer...
