Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Judge Rules Insurers Can Question Willis on WTC Coverage Form Dispute
Jun 20 2002 // U.S. District Judge John Martin has ruled in favor of a motion filed by Travelers Property Casualty Corp. in the Swiss Re/Silverstein Properties lawsuit over the extent of coverage on the World Trade Center. The motion,...
S. 2600 Faces New Battle
Jun 20 2002 // While insurers can breathe a little easier with the Senate’s recent passing of the terrorism insurance bill, a new quarrel has developed over whether businesses should be protected from paying punitive damages,...
PIFC, NAII Counter DMV’s Proposed Rate Hike for Records Access
Jun 20 2002 // A public hearing June 18 at California’s DMV headquarters to discuss proposed Department of Motor Vehicles (DMV) regulations to raise fees to access public drivers license information heard strong opposition from...
New England Council, PIA Laud Passage of Terrorism Insurance Bill
Jun 19 2002 // Both the New England Council and the National Association of Professional Insurance Agents expressed strong approval of the U.S. Senate’s action in passing legislation to provide back-up insurance for acts of...
IIABA Backs Pragmatic Reform Plan to House Panel
Jun 19 2002 // Independent Insurance Agents & Brokers of America (IIABA) President Thomas B. Ahart presented a “pragmatic, middle-ground” reform proposal that advocates the adoption of federal legislative tools to foster...
IIABA Applauds Senate’s Approval of Terrorism Ins. Backstop
Jun 19 2002 // The Independent Insurance Agents & Brokers of America (IIABA) reacted to the Senate’s recent approval of the terrorism insurance backstop legislation in a statement released June 18. The final vote invoking...
NAII Challenges Regulators to Move Personal Lines Modernization Forward
Jun 17 2002 // Insurers have called on the National Association of Insurance Commissioners (NAIC) to move forward on regulatory reform, beyond operational changes and its commercial lines’ model, by working with state legislators...
Texas GOP Lawmakers Give Word on Rate Regulation Bill
Jun 17 2002 // A key Senate lawmaker says Texas homeowner insurance rates should be regulated by the state, promising to put forth a bill in the next session to get a handle on rising premiums. Sen. Troy Fraser, a Republican, said that...
New England Council Urges Passage of Terrorist Insurance Bill
Jun 14 2002 // The New England Council (NEC), urged the U.S. Senate to pass S.2600, legislation designed to implement a system of terrorist reinsurance coverage of losses from future attacks like those of Sept. 11. The legislation is...
Insurers Praise NAIC’s Message to Feds on
Jun 14 2002 // The National Association of Insurance Commissioners (NAIC) sent a tough message to the Office of the Comptroller of the Currency (OCC) this week during its Functional Regulation Working Group meeting, reiterating that...
NAII Hosts Conference Addressing OFAC Regulation
Jun 14 2002 // The National Association of Independent Insurers (NAII) and Chicago-based law firm Lord, Bissell and Brook will host an industry-wide informational conference June 20 to discuss the insurance industry’s compliance...
NAII Says La. Draft Regulation Leaves Room for Misinterpretation
Jun 14 2002 // A recent bulletin from the Louisiana Insurance Department dealing with form filing requirements for P/C insurance is causing concern for insurers, according to the National Association of Independent Insurers...
Lawmakers Contemplate Federal Oversight
Jun 13 2002 // Lawmakers met yesterday 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...
NAII to Host Conference Addressing OFAC Regulation
Jun 13 2002 // The National Association of Independent Insurers (NAII) and Chicago-based law firm Lord, Bissell and Brook will host an industry-wide informational conference June 20 to discuss the insurance industry’s compliance...
S.C. Commissioner Unveils Credit Scoring Regulations
Jun 12 2002 // South Carolina Director of Insurance Ernst Csiszar has issued a bulletin stipulating under which circumstances credit scoring may be used to underwrite and rate auto insurance policies. Backed by the American Insurance...
EU Seeks to Harmonize Auto Coverage
Jun 11 2002 // The European Commission (EC) in Brussels has announced proposals to harmonize the European Union’s automobile insurance regulations. The EC wants all policies to cover third party liability up to € 1 million...
Dodd Introduces Terrorism Bill in Senate; AAI Calls for Rapid Senate Action on Issue
Jun 11 2002 // The Alliance of American Insurers (AAI) says it is encouraged that the Senate is now beginning to focus on the terrorism insurance issue with the introduction of a bill (S 2600) by Senators Chris Dodd (D-CT), Harry Reid...
AIA Sees Opportunities at NAIC Meeting June 8-11
Jun 10 2002 // Credit-based insurance scoring, speed to market, and market conduct are areas of opportunity at the upcoming meeting of the National Association of Insurance Commissioners (NAIC) for regulators to act on their commitment...
Goodbyes, New Directions and Thank Yous
Jun 10 2002 // It’s goodbye time. After 20 years at the helm of IIAT, and 62 years on this planet, it’s time for me to head in a new direction. But first, I hope you’ll permit me a few musings. I leave this job with the...
Non-adversarial Adjusters Advising Claimants Are Practicing Law, Court Rules
Jun 6 2002 // The Washington Supreme Court has ruled that an insurance claims adjuster who develops a non-adversarial relationship with a person filing a claim and advises that person on settling the claim is practicing law. An adjuster...
