Latest Legislation Headlines

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

CME, SIX to Provide Collateral Management Services to Swiss Insurers

May 12 2014 // CME Group Inc.’s European clearinghouse and SIX Group’s central-securities depository have agreed to offer an integrated collateral-management service to insurance companies operating in Switzerland.Once the...

Critics Say Financial Stability Council’s Transparency Falls Short

May 8 2014 // The U.S. financial risk council adopted new transparency measures on Wednesday, after critics raised concerns the group was too secretive about its decision-making process.In a unanimous vote, the Financial Stability...

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

May 6 2014 // Climate change is in the here and now, according to a massive report issued on Tuesday.The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for...

Louisiana Lawmakers at Odds on Gender Pay Gap

May 6 2014 // Democrats in Louisiana want to make unintentional pay discrimination based on gender illegal for private businesses, a move they believe will help bridge the wage gap.Republicans think the move is unnecessary and will only...

West Virginia Judge Allows City’s Chemical Spill Investigation to Continue

May 5 2014 // A Putnam County judge has ordered a Hurricane landfill where wastewater from a Charleston chemical spill was dumped to produce documents sought by the city of Hurricane in its investigation. Circuit Judge Phillip Stowers...

Florida Supreme Court Leaves PIP Reforms Intact

May 5 2014 // The Florida Supreme Court has declined to review the state’s no-fault automobile insurance personal injury protection (PIP) reforms that were designed to lower the cost of the coverage by targeting fraud and...

NCCI Reports on Workers’ Comp Legislative Outlook

May 5 2014 // The National Council on Compensation Insurance Inc. (NCCI) published on April 8 its annual workers’ compensation issues report.Included in the report is a legislative and regulatory outlook across the country. The...

R.I. Begins Allowing Digital Proof of Auto Insurance

May 5 2014 // Rhode Island Gov. Lincoln Chafee has signed into law legislation allowing motorists in Rhode Island to use their smartphones to offer police proof they have auto insurance. The bills sponsored by Sen. William Conley Jr....

Vermont’s Updated Law Offers ‘Welcome Option’ for Inactive Captives

May 5 2014 // Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status.Vermont regulators said this latest modification reflects the state’s...

Iowa Commissioner Gerhart: Something for Everybody at the Global Insurance Symposium

May 5 2014 // The state of Iowa on May 20-22 will host its first-ever Global Insurance Symposium, a privately funded event that aims to bring insurance professionals and regulators from around the world together to discuss the...

Insurance in the Sharable Economy

May 5 2014 // The new sharable economy is growing across the country, and one question looms large: What are the insurance implications?Homeowners and renters understand the types of insurance they need and where they can buy coverage....

Coal Companies Challenge Black Lung Mining Regulation

May 4 2014 // More than a dozen coal companies, including a unit of Patriot Coal Corp., challenged a new federal mine-safety regulation aimed at reducing black lung disease, with some arguing the objectives are unattainable.The...

Florida Revises Insurer Solvency Review Process

May 4 2014 // The Florida legislature has approved legislation setting out new insurer solvency requirements while also requiring individuals to disclose information about any affiliated company.Sponsored by Senator David Simmons...

Missouri Law Bars Contractors from Paying Deductibles on Commercial Property

May 2 2014 // Missouri lawmakers have given final approval to legislation that supporters say is aimed at protecting commercial property. A 2011 Missouri law bars residential contractors who fix roofs or complete other exterior repairs...

Florida Lawmakers Pass Homeowners’ Rights Bill With Credit Restriction

May 1 2014 // Insurers in Florida could not use credit information to deny a claim or cancel a policy under a bill now headed to the desk of Florida Gov. Rick Scott.The Florida House voted unanimously for a bill that would also create a...

Judge Orders BP Claimant, Lawyers to Return $357K Award

May 1 2014 // A federal judge in New Orleans has ruled that a $357,000 payment in a damage claim from the 2010 BP oil spill must be repaid because the claim was fraudulent.The claim had been made by Casey Thonn for seafood losses. An...

Minneapolis Considering Regulations for Rideshare Companies

May 1 2014 // Minneapolis, Minn., is among cities across the country deciding how best to regulate app-based rideshare companies that connect drivers with passengers. Milwaukee is facing a similar challenge in neighboring Wisconsin. The...

Senate Cybersecurity Bill Gives Firms Liability Protection for Sharing Data

Apr 30 2014 // U.S. administration officials, private sector executives and privacy advocates are reviewing a draft of a bill that would encourage sharing of cybersecurity data between the government and companies, two key Senators said...

Supreme Court Rules Patent Suit Winners Can Get Legal Fees

Apr 30 2014 // Companies that successfully fight off “unreasonable” patent lawsuits can get their legal fees paid, the U.S. Supreme Court ruled in a decision that may benefit Google Inc., Apple Inc. and other technology...

Starr’s Greenberg Loses Bid for Jury, Must Face Judge He Criticized

Apr 30 2014 // Former AIG chief Maurice “Hank” Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias.Justice Charles Ramos of New...