Latest Legislation Headlines

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

Evolving Regulation and Its Impact on Insurers’ M&A Strategies

Dec 15 2014 // It appears that the insurance industry is having an easier time emerging from the financial crisis than entering the new regulatory environment, particularly as it relates to nonorganic growth. With increasingly healthy...

Lawmakers: Sandy Flood Insurance Concerns Will Be Addressed

Dec 15 2014 // Federal emergency officials are taking new steps to address concerns from homeowners still struggling to rebuild after Superstorm Sandy more than two years ago, New Jersey and New York lawmakers announced on Dec. 5.U.S....

Utah Lawmaker Working on Ridesharing Regulations

Dec 15 2014 // A Utah lawmaker is working on a bill proposing statewide regulations for ridesharing companies like Uber and Lyft.Some say the smartphone app-based companies should follow the same rules as taxi drivers, including...

N.J. Assembly Panel Advances Bill Regulating Ridesharing Firms

Dec 12 2014 // Companies that allow drivers to use personal vehicles to transport riders in New Jersey would have to get a state permit and meet safety requirements under state legislation that’s been advanced by a New Jersey...

Stamford, Conn., Tries to Shift Liablity in Slip-and-Fall Suits

Dec 12 2014 // The city of Stamford, Connecticut, is trying to shift legal liability in slip-and-fall lawsuits to private property owners.The Stamford Advocate reports that Mayor David Martin has submitted legislation to put legal...

House $1.1 Trillion Plan Includes Deals on Banks, Trucks, Adjusters, Campaign Funds

Dec 12 2014 // The House passed a $1.1 trillion spending bill after a day of disarray and just hours before U.S. government funding was set to run out.The vote last night was 219-206. With current government funding ending at midnight,...

Senator Criticizes ‘Unclean’ Terrorism Insurance Bill Passed by House

Dec 12 2014 // Democratic U.S. Senator Charles Schumer on Thursday called for the U.S. House of Representatives to extend a federal terrorism insurance program by passing a “clean” bill with no controversial extra...

Delay in Drone Rules Jeopardizes Research, Competitiveness, Congress Told

Dec 12 2014 // Commercial drone flights are taking off in other countries while the U.S. lags behind in developing safety regulations that would permit unmanned aircraft operations by a wide array of industries, witnesses told a House...

Aon Report Identifies Key Risks for Financial Institutions in EMEA

Dec 12 2014 // Understanding and managing risk is increasingly a critical success factor for financial institutions, according to a report on financial institutions issued by Aon Risk Solutions, the risk management business of Aon...

Judge Denies Bid to Reopen Garlock Asbestos Liability Trial

Dec 11 2014 // Garlock Sealing Technologies LLC, the EnPro Industries Inc. unit that filed Chapter 11 in June 2010 to address asbestos claims, won a long-fought battle with personal-injury claimants when their request to reopen the...

Chicago App Would Help Taxis Compete with Ridesharing Services

Dec 11 2014 // Chicago has opened a new front in the war on ridesharing services like Uber, approving a plan to sponsor an app for riders to hail local cabs.The measure was part of a package including financial supports for taxis, such...

House Passes Bill to Relax Capital Rules for Insurers

Dec 11 2014 // A measure that would ease capital and liquidity standards for insurers under the Dodd-Frank Act was approved by the U.S. House of Representatives.The House unanimously passed the bill Wednesday to give the Federal Reserve...

House Passes TRIA Renewal With Higher Government Trigger, Insurers’ Co-Pay

Dec 10 2014 // The U.S. House voted Dec. 10 to extend by six years a federal backstop for insurers offering coverage against terrorism, advancing efforts to retain a program created in response to the attacks of Sept. 11, 2001.House...

Uber Facing Roadblocks, Controversies in U.S. and Abroad

Dec 10 2014 // Uber Technologies Inc. has hit an increasing pileup of regulatory and legal hurdles this week, with its mobile application challenged from India to California.The car-booking app yesterday was sued by the district...

Congress Budget Deal Suspends Trucker Rest Rule

Dec 10 2014 // Congress is poised to roll back safety rules aimed at ensuring truck drivers get enough rest, ignoring the pleas of consumer activists and U.S. Transportation Secretary Anthony Foxx.The provision, added to budget...

Supreme Court Nixes Amazon Workers’ Bid for Pay For Security Frisks

Dec 9 2014 // Workers don’t have a federal right to be paid for time spent in post-shift security searches, the U.S. Supreme Court ruled in a decision that will help Amazon.com Inc. fend off lawsuits seeking more than $100...

Congress Weighs Adding Terrorism Insurance to Spending Plan

Dec 9 2014 // Congressional negotiators plan today to release a bipartisan U.S. government spending proposal, just days before current funding ends, after resolving disputes over Republican policy proposals.The House and Senate intend...

Arkansas Judge: No Class-Action in Whirlpool Lawsuit

Dec 9 2014 // A federal judge in Arkansas says he won’t certify a complaint against Whirlpool Corp. as a class-action lawsuit because he is not sure whether residents of a polluted Arkansas neighborhood or the company is the...

Transportation Chief Opposes Trucker Fatigue Rule Delay in Budget

Dec 8 2014 // Congress is considering adding to a year-end budget deal a provision to roll back safety rules aimed at ensuring truck drivers get enough rest, a measure U.S. Transportation Secretary Anthony Foxx said should be...

African Insurers’ Growth Interests Europe, So. Africa, as Incomes Rise

Dec 8 2014 // A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and strong competition at home....