Latest Legislation Headlines

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

New Jersey Lawmaker Seeks to Cap Public Adjuster Fees in Wake of Sandy

Dec 5 2012 // A leading New Jersey lawmaker is planning to introduce a bill that would cap how much a public adjuster can charge a homeowner for insurance claim assistance for certain emergencies. Assembly Speaker Pro Tempore Jerry...

Obamacare Medical Loss Ratio Saved $1.5 Billion in 2011: Report

Dec 5 2012 // Consumers saw nearly $1.5 billion in insurer rebates and overhead cost savings in 2011, due to the Affordable Care Act’s medical loss ratio provision requiring health insurers to spend at least 80 percent of premium...

Viewpoint: Trade Sanctions and Risk Management

Dec 5 2012 // The U.S. government has increasingly used laws and regulations that impose economic sanctions on others as an instrument to advance foreign policy and national security goals, with some of the most recent efforts aimed at...

Employers Hopeful for California Workers’ Comp Reform

Dec 3 2012 // Editor’s Note: This is the third in a series of articles to look at California’s workers’ compensation reform law in detail and what must be done to implement that law by Jan. 1, 2013.Looking forward...

Ohio Lawmakers Pass Bill to Create Arson Registry

Dec 3 2012 // Convicted arsonists in Ohio would be required to register with local sheriffs under a bill headed to the governor’s desk.The Ohio House voted 89-2 on Nov. 28 to send the measure to Gov. John Kasich. The legislation...

Florida Judge Invalidates Windstorm Credit Forms; Regulator Appeals

Dec 3 2012 // A Florida administrative law judge has ruled that some forms used by insurers to determine a homeowner’s windstorm premium credits are invalid because they don’t take into account measures taken to protect...

Fitch Downgrades Argentine Insurers Ratings after Sovereign Downgrade

Dec 3 2012 // Fitch Ratings has downgraded the long-term National Scale ratings of 12 insurance companies in Argentina, and has also revised the companies’ rating outlooks to negative from stable.Fitch said it took the rating...

Oklahoma Insurance Department Spends $180K on Guns, Police Vehicles

Dec 3 2012 // The Oklahoma Insurance Department spent more than $180,000 on high-tech shotguns, bulletproof vests and seven police-package vehicles that agency officials say were needed as part of its expanded focus on criminal...

South Carolina Names Lobbyist Farmer as Insurance Chief

Dec 3 2012 // South Carolina Gov. Nikki Haley has named Ray Farmer as the state’s new insurance regulator. Farmer is a lobbyist with the property/casualty insurance trade group, the American Insurance Association.Farmer replaces...

N.Y. Law Firm Nelson Levine Hires 2 Attorneys From Harleysville, MetLife

Nov 30 2012 // Targeting strategic expansion, Nelson Levine de Luca & Hamilton, a New York-headquartered national law firm serving the insurance industry, announced that Louis H. Kozloff has joined as a partner in the Insurance...

U.S. Judge Allows Civil Suits in Meningitis Outbreak to Proceed

Nov 30 2012 // A federal judge in Boston on Wednesday allowed civil suits against the pharmacy at the heart of the deadly U.S. meningitis outbreak to proceed and noted that any criminal case would have priority in gathering evidence.An...

Congressional Leaders Push to Pass Farm, Crop Insurance Bill

Nov 30 2012 // With time running out, agricultural leaders in Congress vowed on Thursday to do everything they can to pass a farm bill that cuts spending by at least $23 billion – savings that could assure support by lawmakers...

U.S. Regulators Urge Flexibility in Basel III Rules for Banks, Insurers

Nov 30 2012 // U.S. lawmakers and state financial regulators on Thursday called on federal officials to revamp proposed rules that would force financial firms to hold much more capital, asking them to consider the impact on small banks...

Torus Survey: Top Issues in Management Liability & Professional Lines Market

Nov 29 2012 // A recent survey* undertaken by global specialty insurer Torus has highlighted a myriad of current issues facing the management liability and professional lines market. Designed to identify key trends affecting this...

Audit: Louisiana Restaurant Inspections Don’t Ensure Food Safety

Nov 28 2012 // Louisiana’s regulators of food safety fail to ensure restaurants and other retail food establishments are complying with health standards and allow violators of safety requirements to continue operations, according...

Senate Preparing New Iran Sanctions, Expanded Insurance Ban

Nov 28 2012 // New sanctions aimed at reducing global trade with Iran in the energy, shipping and metals sectors may soon be considered by the U.S. Senate as part of an annual defense policy bill, senators and aides said on Tuesday.The...

White House Request for Sandy Aid Expected to Include Flood Insurance Funds

Nov 28 2012 // The White House is expected in the coming days to send Congress a multibillion dollar request to fund recovery from Superstorm Sandy, which caused an estimated $71 billion in damages in New York and New...

New Mexico Overhauling State Insurance Regulation

Nov 26 2012 // As New Mexico prepares to enroll tens of thousands of people into health plans, the state is revamping the government regulator that oversees insurance prices and policies.Under a constitutional change approved by voters...

Alabama Bill Would Allow Guns at Work

Nov 26 2012 // An Alabama lawmaker is again pushing legislation that would let employees take handguns to work.State Sen. Roger Bedford, D-Russellville, says his bill is aimed at increasing personal safety, reported The Montgomery...

Ohio Officials Working to Get Exotic Pets Registered

Nov 26 2012 // State officials continue to work with owners of exotic animals to help them fully register their creatures with the Ohio Department of Agriculture, even though the state deadline for them to submit information was several...