All the headlines from our Legislation Topic Page, ordered by recency.
Nov 15 2012 // President Barack Obama said he plans to work with Congress in his second term to curb human-aggravated climate change, but not at the expense of the U.S. economy.“I am a firm believer that climate change is real,...
Nov 14 2012 // Texas Rep. Tom Craddick (Midland) has filed House Bill 63, the Alex Brown Memorial Act, which would implement a statewide ban on texting while driving.According to Craddick, House Bill 63 introduces a common sense safety...
Nov 14 2012 // U.S. and state health regulators called on Congress on Tuesday to strengthen federal oversight of compounding pharmacies as lawmakers prepared for two days of hearings on a deadly fungal meningitis outbreak linked to a...
Nov 14 2012 // Willis Group Holdings announced the launch of its directors’ all risks cover (DARCstar) in Australia, Hong Kong and Singapore, which it said offers “unique” coverage.Willis explained that “DARCstar...
Nov 13 2012 // As companies large and small grapple with losses in Sandy’s aftermath, a number of critical — and costly — business questions have emerged. Darlene Alt and Robert DiUbaldo, two experienced insurance...
Nov 13 2012 // Ray FarmerSouth 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...
Nov 13 2012 // A judge says two cousins who accidentally started the largest wildfire in Arizona history will have to pay more than $3.7 million in restitution.The amount covers the loss of homes and other property, cleanup from the...
Nov 13 2012 // Among the hundreds of bills filed by Texas lawmakers on the first day of filing for the 2013 legislative session are a handful of proposals related to property/casualty insurance.There are bound to be more, but one...
Nov 9 2012 // BP Plc and lawyers representing over 100,000 individuals and businesses claiming economic and medical damages from the 2010 Gulf of Mexico oil spill on Thursday urged a U.S. judge to approve a proposed $7.8 billion...
Nov 9 2012 // Interest rates, volatile currency markets and changing regulations are the top three things keeping risk managers from their sleep. Those are the conclusions summarized in an article on the Lloyd’s web site that...
Nov 9 2012 // Arch Insurance Group, a member of Arch Capital Group Ltd., has launched Arch Essential D&O, a primary policy specifically designed to protect directors and officers from the increasing risk exposures associated with...
Nov 8 2012 // Neil Alldredge has been searching for the unifying “theme” in the results of Nov. 6 state elections around the country but he says it has not been easy to identify one.As senior vice president for state and...
Nov 8 2012 // Federally subsidized crop insurance will be a big target for lawmakers looking to cut the budget deficit in the lame-duck session of Congress opening next week, agricultural policy experts agreed the morning after a...
Nov 7 2012 // “Elections have consequences, and Eric, I won,” President Barack Obama famously told House Republican Whip Eric Cantor shortly after his first inauguration in January 2009.Four years later, Wall Street as well...
Nov 5 2012 // For the insurance industry, there is more at stake in the Nov. 6 election than who goes to or stays in the White House and Congress.The insurance industry will be watching who wins the gubernatorial races in 11 states,...
Nov 5 2012 // The National Association of Insurance Commissioners (NAIC) acts as the trade association for state insurance commissioners. The Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) delegated to the NAIC responsibility for...
Nov 5 2012 // Florida Insurance Commissioner Kevin McCarty said he will approve a 6.1 percent rate increase to become effective January 1, 2013 for workers’ compensation.The decision was based on a filing submitted for insurers by...
Nov 5 2012 // A business lobby group wants the U.S. Congress to regulate companies that provide financing for commercial lawsuits, describing the practice as “coercive enterprise.” The U.S. Chamber of Commerce Institute for...
Nov 5 2012 // Texas’ insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to 2008’s Hurricane Ike, one state lawmaker says.Information released by Rep. Larry...
Nov 5 2012 // If you’re startled by this headline, you’re not alone. Until recently, the words “reform” and “captive” were rarely used in the same sentence. That’s because captive insurance...