Latest Legislation Headlines

All the headlines from our Legislation Topic Page, ordered by recency.

New York’s Cuomo Proposes Regulation in Wake of Equifax Security Breach

Sep 19 2017 // In response to the recent cyberattack that exposed the personal private data of nearly 150 million consumers nationwide, New York Governor Andrew M. Cuomo has directed the New York Department of Financial Services (DFS) to...

Autonomous Vehicle Regulation Highlights Federal vs. State Divide

Sep 19 2017 // As the U.S. Congress moves quickly to pass the first federal law governing self-driving cars, some state and city officials are pushing back over fears that the measure will limit their ability to regulate vehicle safety...

Iowa Judge: ‘Shadow Insurance’ Documents Are Confidential

Sep 18 2017 // An Iowa judge has ruled that the details of “shadow insurance” subsidiaries created by several life insurers can remain confidential.Indiana University professor emeritus Joseph Belth sought the documents last...

Audi Goes Full Speed on Automated Driving, While Competitors Wary of Liability, Regulation

Sep 18 2017 // German carmaker Audi is taking a lead in bringing more automated driving to roads, but rivals seem in no rush to follow while legal and regulatory uncertainties still cloud the technology.At the Frankfurt car show, Audi...

Researcher Says Some Auto Insurers Illegally Overcharge Michigan Women

Sep 18 2017 // A group defending Michigan’s auto insurance system says it has uncovered instances of insurers illegally selling more expensive policies to women and widowed drivers, raising questions about state oversight of rating...

Mixed Messages Sent Over Texas’s New Cat Claims Statute

Sep 18 2017 // Ambiguity surrounding a Texas law that went into effect on Sept. 1 had insurance industry representatives and attorneys who represent insurance policyholders issuing conflicting messages to insureds who may have suffered...

Delaware Updates Law to Address Advances in Cyber Threats

Sep 18 2017 // Delaware Governor John Carney has signed into law House Substitute 1 for House Bill 180, legislation that provides the first updates in Delaware law to address advances in cyber threats in more than a decade.The...

Why the Federal Flood Program Is Sinking Deeper into Debt: CBO Report

Sep 18 2017 // The federal flood insurance program is on a course to continue falling deeper in debt, even when there is no catastrophic storm like Katrina or Harvey.The National Flood Insurance Program (NFIP) is currently on a path that...

Brokers Keep Trucking Market Motoring Despite Insurer Exits

Sep 18 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country.Despite the...

Arizona Supreme Court Won’t Review Lower Court Ruling on Medical Marijuana

Sep 15 2017 // The Arizona Supreme Court is letting stand a lower court’s ruling that the state’s medical marijuana law is constitutional in requiring counties to approve reasonable zoning regulations.Maricopa County Attorney...

How New EU Rules Make It Tougher for Insurers, Hedge Funds to Manage Currency Risk

Sep 15 2017 // New European Union regulations on foreign exchange trading will make it harder and more expensive to manage currency risk, traders said, especially for large financial counterparties such as hedge funds and insurance...

AIA and Zurich Make Separate Bids for Australian Insurance Businesses: Reuters

Sep 15 2017 // Hong Kong-based insurance giant AIA Group Ltd. has shown interest in buying Commonwealth Bank of Australia’s insurance business, which is likely to be valued at about $4 billion, people with knowledge of the matter...

Obama Coal Ash Waste Regulation Getting New Look by Trump EPA

Sep 15 2017 // The U.S. Environmental Protection Agency on Thursday said it will reconsider a rule regulating coal ash waste from power plants in a win for utility industry groups that petitioned for changes.The EPA, the lead...

Judge Allows Ex-AIG Leader Greenberg’s Defamation Claim Against Ex-AG Spitzer

Sep 14 2017 // Maurice “Hank” Greenberg, former chief executive of American International Group Inc., may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state...

Trucking Industry Backs Bills Easing Self-Driving Vehicle Regulation

Sep 14 2017 // A U.S. trucking trade group and truck maker Navistar International Corp. urged a U.S. Senate panel on Wednesday to include self-driving commercial trucks in proposed legislation intended to speed autonomous vehicles to...

California Commissioner Issues Decision on Jan. 1, 2018 Worker’s Comp Filing

Sep 12 2017 // California Insurance Commissioner Dave Jones on Tuesday issued a decision regarding the Workers’ Compensation Insurance Rating Bureau’s Jan. 1, 2018 regulatory filing, which was submitted to the California...

Utah Judge Awards Ex-Teen Bride $16M in Case Against Polygamous Group

Sep 12 2017 // A woman who was married to her cousin at age 14 in a ceremony overseen by polygamous sect leader Warren Jeffs has won a $16 million lawsuit against the group.Elissa Wall’s lawyer said that the decision lets attorneys...

Trump Administration Revises Obama Self-Driving Vehicle Policy

Sep 12 2017 // The Trump administration will alter the course set by the Obama administration on autonomous vehicle policy after industry raised concerns about elements of that initial proposal.The revised guidance — to be unveiled...

Lacking Political Support, Global Capital Rule for Insurers Stalls

Sep 11 2017 // The first global standard for investors to compare how much capital insurers from different countries hold to keep policies safe is caught in a transatlantic tussle, casting doubt on whether it is practical, industry and...

Some Auto Insurers Illegally Charge Michigan Women More, Researcher Says

Sep 11 2017 // A group defending Michigan’s auto insurance system says it has uncovered instances of insurers illegally selling more expensive policies to women and widowed drivers, raising questions about state oversight of rating...