Latest Legislation Headlines

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

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...

California Bill Would Force Wells Fargo to Court Over Fake Accounts

Sep 8 2017 // The California Legislature backed a measure this week that could require Wells Fargo to go to court with consumers who say they were harmed by the bank’s fake account scandal.The legislation would prohibit the San...

Trust But Verify: New York Cyber Regs Mean Managing Third-Party Security

Sep 8 2017 // This year, the beginning of September marked a critical implementation deadline for some of the toughest new cybersecurity regulations in the country – the New York State Department of Financial Services (NYDFS) 23NYCRR...

Bad Design, Poor Construction Blamed for California Dam Damage

Sep 7 2017 // Bad design and construction of the tallest U.S. dam a half-century ago and inadequate state and federal oversight since then led to a disastrous spillway collapse in February, an independent national team of dam safety...

House Unanimously Passes Bill to Ease Deployment of Self-Driving Cars

Sep 6 2017 // The U.S. House on Wednesday unanimously approved a sweeping proposal to speed the deployment of self-driving cars without human controls and bar states from blocking autonomous vehicles.The bill now goes to the Senate and...

First Harvey Lawsuit Filed to Beat New Texas Tort Reform Law

Sep 6 2017 // Late in the afternoon on Aug. 31, a Dallas law firm filed a lawsuit to circumvent a new Texas law that went into effect on Friday, Sept. 1.The newly passed law, HB1774, was meant to curb hail lawsuit abuse, but after...

Massachusetts Pot Regulatory Board Set With Naming of Three More Members

Sep 6 2017 // The board responsible for regulating marijuana in Massachusetts is now in place after the selection of three more members. Democratic Attorney General Maura Healey on Friday appointed Britte McBride, a former assistant...

Judge Tosses Most Serious Charges in Penn State Frat Death

Sep 6 2017 // A judge threw out involuntary manslaughter and aggravated assault charges Friday against members of a Penn State fraternity in the alcohol-related hazing death of a pledge, ordering 12 of the young men to stand trial on...

Florida’s Private Flood Insurers Could Face Big Test from Hurricane Irma

Sep 6 2017 // Hurricane Irma could test a nascent private flood insurance market in Florida that some advocates say is a model for making U.S. flood coverage more affordable and commonplace in high-risk areas.Florida’s private...

Why Federal Flood Program Is Sinking Deeper Into Debt: CBO Report

Sep 5 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...

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Sep 4 2017 // Greenberg Traurig LLP has added insurance regulatory attorney John A. Sebastinelli as shareholder to its policy and insurance regulatory and transactions practices in the firm’s San Francisco, Calif.,...