Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
CALIF. COMMITTEE APPROVES LOW-COST AUTO LEGISLATION
Apr 29 2002 // A California insurance committee has approved legislation that would indefinitely extend the state’s experimental low cost auto insurance program and could drive up the number of underinsured motorists, according to...
NAMIC Publishes State Laws and Legislative Trends Report
Apr 23 2002 // The National Association of Insurance Companies (NAMIC) has published a State Laws and Legislative Trends report on the “Use of Credit History by Insurance Companies.” The NAMIC analysis shows: Prior to 2002,...
IBA West Summarizes Issues Future Commissioner Will Face
Apr 22 2002 // IBA West recently outlined the major issues the successful candidate for California Insurance Commissioner will face in the coming years and outlined its goals for the future of insurance regulation in the state. IBA West...
Mo. House Rejects Governor’s Amendments to Credit-Based Score Legislation
Apr 18 2002 // The Missouri House rejected amendments pushed by Gov. Bob Holden April 15 that would have seriously impaired insurers’ use of credit-based insurance scores. The House is expected to take a final vote later this week...
Trio of Workers’ Comp Bills Aim to Aid Employers
Apr 18 2002 // Three bills (AB 1808, 1809, 2611) geared toward helping employers with workers’ compensation have been introduced in the California Legislature, according to the San Francisco Chronicle. Written by Assemblyman Keith...
Ohio Gov. Signs Agent Licensing Bill
Apr 17 2002 // The Ohio Department of Insurance announced that Governor Bob Taft signed Senate Bill 129, legislation crafted to streamline the insurance agent licensing process in Ohio. Sponsored by Senator Scott Nein (R-Middletown), ODI...
Neb. Advises Insurers, Banks on Terror Responsibilities
Apr 17 2002 // The Nebraska Department of Insurance recently issued instructions to insurers and banks regarding their responsibilities under the USA Patroit Act of 2001, “Uniting and Strengthening America by Proving Appropriate...
NAMIC Supportive of Small Company Tax Exemption Legislation
Apr 17 2002 // Senator Christopher Bond, R-Mo., introduced S. 2084 last week, a bill to amend the Internal Revenue Code of 1986 to clarify the tax exemption for small property and casualty insurance companies. Monte Ward, Federal Affairs...
Underground Storage Tanks: Word Leaks Out on Cover Enforcement
Apr 15 2002 // Owners and operators of underground petroleum storage tanks are a diverse lot—from global juggernauts such as ExxonMobil, Texaco, and Shell Oil to mom-and-pop gas stations. But all underground storage tank (UST)...
Agents Oppose Proposed Increase for Driving Record Fees
Apr 15 2002 // By allowing this increase, the Department of Motor Vehicles (DMV) will be allowing an unnecessary burden on the California public, who would, eventually, be the ones paying for the increase.” Those were the...
Mike Oxley Says “Vibes” Are Good for Terrorism Backup
Apr 12 2002 // WASHINGTON, D.C.—The chairman of the powerful House Financial Services Committee said here April 11 that he likes the chances for eventual passage of a federal government backup for terrorism insurance. Rep. Mike...
Ill. Senate Passes Red Light Camera Legislation
Apr 11 2002 // Legislation designed to reduce the high rate of automobile accidents caused by red light violations recently passed the Illinois Senate. Senate Bill 2159 permits municipalities and counties to install red light cameras...
BOMA International President Joins Call for Terrorism Insurance Legislation
Apr 11 2002 // BOMA International President Sherwood Johnston, III, who met earlier this week with President George W. Bush and other business leaders to discuss the federal government’s role in addressing the unavailability of...
NJ Industry and Consumer Groups Launch Campaign for Auto Insurance Reform
Apr 9 2002 // Insurance industry and consumer groups have joined together to launch an extensive advertising campaign aimed at building support for their efforts to bring about reforms in New Jersey’s automobile insurance...
NY’s Serio Sees Federal Auto Fraud Bill as Supporting State Efforts
Apr 9 2002 // New York’s Superintendent of Insurance Gregory V. Serio applauded Senator Schumer (D-NY) for his proposals on “federal legislation to help curb auto insurance fraud,” and urged him to focus on the...
Federal Judge Postpones Andersen Breakup Request
Apr 9 2002 // According to a Reuters report, a federal judge has postponed plaintiffs’ request for an injunction to thwart accounting firm Arthur Andersen from selling off its assets. The delay allows the firm to negotiate a...
NY Court Lifts Stay on Applying Reg 68 Rules
Apr 8 2002 // The decision by New York’s Appellate court to lift a stay of execution on the application of Regulation 68, imposed last February, clears the way for the immediate implementation of the new rules. NY Insurance...
Wash. Gov. Signs Credit-Based Scoring Bill and Construction Defect Legislation
Apr 8 2002 // Gov. Gary Locke has signed House Bill 2544 restricting insurers’ use of credit-based insurance scores. Earlier in the week, he signed Senate Bill 6409, providing an opportunity for corrective action to be taken...
Regulatory Modernization Bill Introduced in Mich.
Apr 3 2002 // Michigan has an opportunity to continue streamlining its rate and form filing process by adopting legislation recently introduced by Senator Bill Bullard (R-Highland), according to the National Association of Independent...
A.M. Best, S&P’s Change Ratings on Legion Insurance, Villanova Insurance
Apr 3 2002 // A.M. Best Co. has downgraded the financial strength rating to E (Under Regulatory Supervision) from B (Fair) for Legion Insurance Company and Villanova Insurance Company, Pa. The downgrade is tied in to the March 29...
