Latest Legislation Headlines

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

Dodd-Frank, Flood Insurance Foe Hensarling Faces Test on TRIA Renewal

May 22 2014 // When Jeb Hensarling took over the congressional panel that spawned the Dodd-Frank Act, he vowed to roll back the landmark Wall Street law and eliminate government programs that backstop private markets.More than a year...

Lawmakers Tour Refurbed Oklahoma Workers’ Comp Building

May 21 2014 // Several state House members toured the newly renovated headquarters of the Oklahoma Workers’ Compensation Commission. About a half dozen Republican members on Tuesday visited the renovated third-floor of the Denver...

N.Y. Calls for More Oversight for Investment Firms’ Acquisitions of Insurers

May 20 2014 // The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in...

Judge: Ex-MF Global Execs Can Tap More Insurance Funds to Defend Lawsuits

May 20 2014 // Jon Corzine and other former insiders of collapsed brokerage MF Global can tap another $10 million of insurance funds to defend lawsuits accusing them of hastening the firm’s downfall, a U.S judge said on...

Bill Lets Military Members Keep Car Insurance When Moving to New State

May 19 2014 // Members of the military and their families would be able keep their current auto insurance policies when moving from one state to another state under a bill introduced in Congress.U.S. Rep. Ed Royce (R-Calif.), a senior...

Exxon Not Liable for Alligators in Mississippi Dump, Court Rules

May 19 2014 // Exxon Mobil Corp. isn’t responsible for alligators overrunning a rural dump site it owns in Mississippi, the state supreme court ruled, because the global oil explorer can’t control wild animals.The family that...

‘Mega Trends’; Optimism at the EIF 2014 Conference; DIMA CEO Interview

May 19 2014 // Ireland has been through some difficult economic times, but this year’s European Insurance Forum, held at the Four Seasons Hotel on May 15 and 16, highlighted the progress that’s been made, and the bright...

R.I. Approves WC Advisory Loss Costs Increase of 2.5% for Industrial Classes

May 19 2014 // Rhode Island’s Department of Business Regulation, Insurance Division, on May 15 approved a +2.5 percent overall increase in advisory loss costs for workers’ compensation for industrial classes and an overall...

Saints-Backed Bill Draws Warning Flag From Players Association

May 19 2014 // The NFL Players Association is asking player agents to warn clients that signing with the New Orleans Saints could subject them to unfavorable workers’ compensation benefits.In an email Friday, NFLPA chief DeMaurice...

Delaware Lawmakers Eye Proposals to Lower Workers’ Comp Medical Costs

May 19 2014 // Delaware lawmakers are expected to act quickly on recommendations from a state task force aimed at lowering workers’ compensation insurance rates.The task force presented lawmakers a report on May 15 proposing that...

U.S. Report: Climate Change Here, Deal With It

May 19 2014 // Climate change is in the here and now, according to a massive report issued earlier this month.The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the...

Illinois Senate Passes Ride Share Legislation

May 16 2014 // The Illinois Senate this week passed legislation requiring app-based ridesharing companies’ primary insurance be in affect the entire time the app is turned on. House Bill 4075 passed 46 to 8 and establishes...

Judge Grants Dow Jones Injunction Against ‘Hot News’ User of Its Content

May 16 2014 // Dow Jones & Co has won a court order to stop the London-based service Ransquawk from broadcasting its news content within seconds of publication, without permission, to traders and other subscribers.It is unclear how...

Some N.J. Lawmakers Question Transparency of Sandy Recovery Programs

May 15 2014 // Some New Jersey lawmakers used a hearing Monday to complain that Gov. Chris Christie is not living up to his promise of transparency when it comes to rebuilding after Superstorm Sandy.The Assembly State and Local...

Conn. Gov.: When It Comes to Insurance Regulation, States Are Here to Stay

May 14 2014 // Speaking at the National Association of Insurance Commissioners’ International Insurance Forum, Connecticut Gov. Dannel P. Malloy told a crowd of U.S. and international regulators and insurance representatives that...

Sprinkler Clause Adds Wrinkle To Minnesota Bonding Debate

May 14 2014 // When it comes to the $846 million construction borrowing package being debated at Minnesota’s Capitol, many wonder if it’s it too big to fail.Or in the case of Gov. Mark Dayton, is too big to veto? Dayton threw...

Judge Strikes Down N.Y. Attorney General’s Subpoena for Airbnb User Data

May 14 2014 // New York’s investigation into whether Airbnb Inc. allows users to run illegal hotels hit a setback when a judge ruled that a request for information about the service’s rental home providers was too...

Players Association Lambasts New Orleans Saints-Backed Workers’ Comp Bill

May 12 2014 // The NFL Players Association is launching a campaign aimed at defeating the New Orleans Saints’ bid to change state law pertaining to workers’ compensation claims by players.NFLPA executive director DeMaurice...

Bill Would Give Tax Relief to Small, Rural P/C Insurers

May 12 2014 // About 600 small mutual property/casualty insurers serving rural communities would get a tax break under federal legislation filed last week in Congress.Introduced by Reps. Erik Paulsen, R-Minn., Ron Kind, D- Wis., and...

Republicans Fear U.S. ‘Surrender’ to International Group on Systemic Risk Designations

May 12 2014 // A group of Republican lawmakers demanded documents on Friday from U.S. regulators, voicing concerns that decisions about whether to designate large financial companies as systemically risky are unduly influenced by an...