Latest Legislation Headlines

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

Businesses Call for Controls on Litigation Funding Firms

Oct 26 2012 // A business lobby group has called on 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...

IMF’s Lagarde Urges World Leaders to Act on Unfinished Financial Reforms

Oct 25 2012 // Unfinished financial reforms are hampering recovery in key parts of the global economy and weighing on economic growth, the head of the International Monetary Fund warned on Thursday.In a speech in Toronto, IMF Managing...

Will Regulatory Reform Trigger Doomsday for Captives?

Oct 25 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...

California Commissioner Considering ‘Force-placed’ Regulations

Oct 24 2012 // A meeting slated for Thursday called for by California Insurance Commissioner Dave Jones to deal with “force-placed” insurance has cast the dye for debate on whether such insurance should be filed in the...

Activist Chairmen, Independent Directors Challenge CEOs, ‘Country Club’ Boards

Oct 24 2012 // In the summer of 2011, Yahoo Inc.’s board decided enough was enough. Directors had seen the Internet giant’s stock languish, and the answers they got from Carol Bartz, chief executive at the time, fell short of...

Wisconsin Workplace Shooting Brings Call for New Law on Guns

Oct 24 2012 // Two Wisconsin lawmakers are pushing legislation to tighten the enforcement of gun rules in domestic violence cases, prompted by a fatal shooting rampage at a suburban Milwaukee spa.Radcliffe Haughton, 45, bought a handgun...

AIG to Pay $11M Multi-State Settlement Over Life Policies

Oct 22 2012 // Insurer American International Group Inc. has agreed to an $11 million settlement with a group of states over its claims settlement practices for life insurance policies on Monday.AIG is the latest insurer to settle state...

Why the ‘Insurance Consumer Protection and Solvency Act’ Seems Destined to Fail

Oct 22 2012 // The debate over double taxation usually takes place in connection with capital gains or dividend taxes. But Republicans have introduced a bill that seeks to amend the Dodd-Frank Wall Street Reform and Consumer Protection...

Using Social Media Responsibly

Oct 22 2012 // Social media are changing the way insurance professionals do business. How can these forms of media, such as Pinterest, Twitter, Facebook and LinkedIn, help make your business more successful? And how can you protect...

Allstate Agents Return to Massachusetts After 25 Years

Oct 22 2012 // Allstate Insurance Co. is reopening brick-and-mortar offices in Massachusetts after a quarter century of absence.Back in 1987, the Northbrook, Ill.-headquartered Allstate closed its offices in Massachusetts and pulled out...

California Legislature not Hesitant to Act on Insurance Issues

Oct 22 2012 // Dysfunctional. Inefficient, Ineffective. Slow. Partisan. Irrelevant. These are terms that regularly appear on editorial pages and political blogs to describe the California Legislature.It is true that when the Legislature...

Rowe High on Reform

Oct 22 2012 // State Fund President and CEO Tom Rowe, who gave a speech in mid October at the opening of Independent Insurance Agents and Brokers of California’s, inaugural InsurFEST in San Diego Calif., has a lot of confidence in...

As Florida Weighs 6.1% Workers’ Comp Hike, Legislators Urged to Act

Oct 18 2012 // A proposed statewide average 6.1 percent increase in Florida’s workers’ compensation rates could spur the first major legislative changes in the state’s system since 2003.The likely targets of reforms...

Correction: Work Comp Premiums in Texas Drop by 49% Since 2005

Oct 17 2012 // Texas employers are seeing a major reduction in workers’ compensation insurance premiums, an insurance trade group reports.The Insurance Council of Texas (ICT) says reforms in House Bill 7, passed in 2005, and...

Hospital, Physician Professional Liability Undergoing Major Change: Aon

Oct 17 2012 // The way health care is delivered and financed is undergoing major change, and this is reshaping the risks that hospitals and physicians face on a daily basis.Among other challenges, hospital risk managers are grappling...

Oklahoma Lawmaker Examining Insurance Options for Career Tech Students

Oct 16 2012 // Oklahoma State Rep. Joe Dorman wants to find out what insurance options could be made available for career technology students in Oklahoma.In announcement released by the Oklahoma House of Representatives, Dorman, D-Rush...

Uncertainty Marks Federal Regulation of Compounding Pharmacies

Oct 15 2012 // The deadly meningitis outbreak linked to contaminated pain injections has prompted calls for tighter federal regulation of compounding pharmacies, which have periodically been blamed for crippling and sometimes fatal...

State Fund Chief Holds High Expectations for Calif. Workers’ Comp

Oct 14 2012 // If all goes well, workers’ compensation reform in California may yield even greater savings than originally believed.That is according to State Fund President and CEO Tom Rowe, who gave the keynote speech on Friday...

U.S. Judge OKs $71.5M Dewey & LeBouef Bankruptcy Deal

Oct 11 2012 // A U.S. bankruptcy judge approved a $71.5 million settlement on Tuesday between former partners of Dewey & LeBoeuf and the estate of the law firm whose demise in May constituted the largest law-firm bankruptcy in U.S....

Incoming Florida House Speaker Wants Citizens to Wait on Lawmakers

Oct 10 2012 // The incoming Florida House speaker is asking the chairman of the state-backed Citizens Property Insurance Corp. to postpone a key depopulation strategy to give lawmakers a chance to review it. Speaker-designate Will...