Latest Legislation Headlines

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

Insurance Agents Not Giving Up on NARAB Producer Licensing Reform

Apr 28 2014 // The insurance industry has not given up on getting Congress to pass legislation to create a national producer registry and make it easier for agents and brokers become licensed in multiple states.The Independent Insurance...

Surplus Lines Insurers Could Pick Up Citizens Policies Under Senate Bill

Apr 28 2014 // Homeowners seeking coverage from Citizens Property Insurance could wind up getting policies from out-of-state insurers that are exempt from many of the state regulations other insurers must honor.The Florida Senate on...

Insurers Cooperated in Writing of Florida Rule on Gun Ownership

Apr 27 2014 // Florida lawmakers have approved legislation that supporters say will uphold a policyholder’s constitutional right to bear arms by preventing insurers from using gun ownership in underwriting.The Florida House of...

Mexico, Nicaragua Earthquakes Unlikely to Impact Insurance Industry: Fitch Ratings

Apr 25 2014 // Fitch Ratings said it “believes that the insurance industry and the ratings currently assigned to P&C companies in Nicaragua and Mexico will not be affected by the earthquakes that recently hit these...

Arizona Senate Takes Side of Uber, Lyft Ridesharing Services

Apr 24 2014 // Calling Uber a cutting-edge concept, the Arizona Senate approved a bill that exempts it and other rideshare companies from the same regulations that traditional taxi and limo companies have.The amended bill exempts...

Judge Denies New York Fed Employee Whistleblower Protection Over Firing

Apr 24 2014 // A federal judge on Wednesday dismissed a lawsuit against the Federal Reserve Bank of New York by a former bank examiner who claimed the Fed fired her after she refused to change certain findings about Goldman Sachs Group...

Duke Puts $10B Pricetag on North Carolina Coal-Ash Cleanup

Apr 24 2014 // Duke Energy Corp. said the total tab for cleaning up its North Carolina coal-ash dumps may reach $10 billion amid a call for national rules to regulate the disposal of the fossil-fuel byproduct.Duke plans to spend $2...

Florida Supreme Court Leaves PIP Reforms Intact

Apr 23 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...

Vermont Regulators: Updated Law Offers ‘Welcome Option’ for Inactive Captives

Apr 23 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...

Federal Suit Filed Against California Lawmaker, Aide in Fatal DUI

Apr 22 2014 // The parents of a Santa Barbara woman who was fatally struck by a congresswoman’s aide filed a federal lawsuit against the driver, U.S. Rep. Lois Capps and the U.S. government.The wrongful death suit filed by Matt and...

Judge Dismisses Suit Challenging New Hampshire Ski Resort Immunity

Apr 22 2014 // A judge has dismissed a Massachusetts couple’s lawsuit against the operators of a New Hampshire ski area, saying the companies can’t be held liable for a crash between a ski instructor and a teenage boy.Susan...

How Uber, Tesler Are Disrupting Transportation Monopolies: Viewpoint

Apr 22 2014 // Question: What’s an automotive monopolist’s worst nightmare? Answer: Uber picks you up in a Tesla.Two big Silicon Valley companies are busy disrupting state-sponsored transportation monopolies. Uber is...

Report: Former EU Banker Urges Reactivate Securitization to Enhance Credit

Apr 22 2014 // Jacques de Larosiere says he is an isolated and modest man. Yet the 84-year-old former head of the International Monetary Fund is one of the most influential voices in European and global finance.An eminence grise as...

Rhode Island Gov. Signs Legislation Allowing Digital Proof of Auto Insurance

Apr 21 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. and...

Lloyd’s Focuses on Brokers, MGA’s, Capital in New Details for ‘Vision 2025’ Plan

Apr 21 2014 // Lloyd’s has published a more detailed strategy for 2014-2016, setting out how it will work towards achieving its goals, embodied in its “Vision 2025” Plan, which details “how the Corporation will...

Florida Court Finds Law Protects Against Pregnancy Discrimination

Apr 21 2014 // The state’s civil rights laws include the protection of women discriminated against for pregnancy, the Florida Supreme Court ruled Thursday.The opinion finds that the intent of current statute, though not explicitly...

Why Governors Are Concerned Over FIO Report

Apr 21 2014 // On behalf of the National Governors Association, Alabama Gov. Robert Bentley and West Virginia Gov. Earl Ray Tomblin on March 28 wrote Treasury secretary Jacob Lew about Treasury’s Federal Insurance Office (FIO)...

Democrats Seize on Koch Brothers, Republican Opposition to Flood Insurance

Apr 20 2014 // 17 Apr 2014 09:00Democrats are exploring a new attack line against the Koch brothers and Republican allies, telling voters the billionaire energy executives want to let home flood insurance premiums soar to help corporate...

Vermont’s Updated Captive Law to Allow ‘Dormant’ Status for Inactive Captives

Apr 17 2014 // Vermont’s Gov. Peter Shumlin signed new legislation updating Vermont’s captive law, amending the reciprocal insurer section and creating a new “dormant” status for captives.Officials said the new...

Gerhart: U.S. Has a Good Story to Tell at the Global Insurance Symposium

Apr 17 2014 // The state of Iowa on May 20-22, 2014, 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...