Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
AAI Testifies at House Hearing on Regulation
Jun 5 2002 // The Alliance of American Insurers (AAI) testified June 4 before the U.S. House of Representatives Financial Services Capital Markets Subcommittee at the first of its hearings aimed at examining regulation and competition...
NAMIC Informs House Subcommittee that Regulation Best Left to States
Jun 5 2002 // The regulation of the insurance industry is best left to the states said a National Association of Mutual Insurance Companies (NAMIC) witness in testimony before a House Financial Services subcommittee in Washington, D.C....
Judge Denies Silverstein Motion, Sets Sept. Trial Date in WTC Dispute
Jun 4 2002 // U.S. District Court Judge John Martin Jr. ruled against Silverstein Properties’ motion for a summary judgment in its dispute with Swiss Re and 22 other insurers over the amount of coverage on the World Trade...
Coalition Calls on NJ Governor to Act on Auto Insurance Reform
Jun 4 2002 // The Coalition for Auto Insurance Competition (CAIC) has called upon the Administration of Governor McGreevey to “quickly address the likelihood that auto insurance will become more difficult for New Jersey drivers to...
IIABA Asks Remaining States to Adopt Producer Licensing Reforms
Jun 4 2002 // With the signing of insurance producer licensing reform legislation by Tennessee Gov. Don Sundquist and the adoption of a similar proposal by the South Carolina legislature last week, a super-majority of 46 states have...
AAI Urges 3 States to Modify Approach for Safeguarding Consumer Information
Jun 4 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...
Aon Expects Spin-off after June 30
Jun 3 2002 // Aon Corporation says the spin-off of Combined Specialty Group, Inc. (CSG) is now expected to be completed after June 30. Steps necessary to complete the spin-off continue to be taken and the spin-off will be accomplished...
AAI Urges Redrafting of Conn. Privacy Bill
May 31 2002 // The Alliance of American Insurers (AAI) has issued a statement urging a legislative oversight committee to direct the Connecticut Insurance Department to redraft its proposed privacy regulations. “For the third time,...
AAI Says Consumer Group’s Claim Is Misleading
May 31 2002 // The Alliance of American Insurers (AAI) says that a recent letter on terrorism insurance sent by the Consumer Federation of America (CFA) to Senate Majority Leader Tom Daschle cited incomplete statistics and was misleading...
Alliance Disagrees with Revised CA Privacy Regulations
May 29 2002 // The Alliance of American Insurers is expressing disappointment with revised privacy regulations from the California Department of Insurance. “The California Department has ignored ample legal and public policy...
NAII Urges Hawaii Governor to Veto HB 2827
May 27 2002 // Hawaii’s 2002 legislative session ended this month with few significant property/casualty bills passed. One pressing issue facing Gov. Benjamin Cayetano’s review, however, is House Bill 2827, which would...
AAI POINTS TO CONGRESS JEC STUDY
May 27 2002 // The Alliance of American Insurers has pointed to the U.S. Congress Joint Economic Committies (JEC) new study “The Economic Costs of Terrorism,” as further evidence that federal terrorism reinsurance legislation...
NAII Says Calif. Mold Legislation Is Wrong
May 24 2002 // California state senators advanced legislation May 23 that would forbid insurance companies from restricting mold coverage in property and liability policies. In a 21-11 vote, the California Senate passed Senate Bill 1763,...
NAIC, Chinese Regulators to Cooperate as Insurance Ties with China Expand
May 24 2002 // Recent moves have confirmed the reality of the expanding Chinese insurance market. They include an agreement between U.S. and Chinese regulators to share information; an announcement that AIG has been granted a first ever...
Credit-based Score Legislation Dies as Alaska Legislature Adjourns
May 23 2002 // Skirmishing over credit-based insurance scores occupied much of the attention of the 2002 Alaska legislative session that ended last week with legislators failing to come to any agreement on the issue. The Legislature then...
