All the headlines from our Legislation Topic Page, ordered by recency.
Jun 21 2012 // Calling London a haven of regulatory loopholes that spawns financial trading disasters could make it harder to align new transatlantic rules, figures in London’s financial and legal circles said on...
Jun 19 2012 // The Texas Windstorm Insurance Association has only about $3.6 billion in claims-paying resources “under a best case scenario,” even though it could face losses of $14.2 billion from a Category 4 hurricane...
Jun 19 2012 // A South Texas attorney has been convicted on charges related to bribing a judge for favorable rulings in court cases, including insurance related litigation.United States Attorney Kenneth Magidson announced that Ray Roman...
Jun 19 2012 // The United States and the European Union, stung by past failures to liberalize trade, are struggling over how to tackle regulatory barriers in areas ranging from financial services to chemicals that pose the biggest...
Jun 18 2012 // Parents or guardians in New Jersey might need to complete a driver orientation course before their teens could get their driver’s licenses. A legislative committee last Thursday approved the requirement along with...
Jun 18 2012 // The EU’s Solvency II regulations get most of the headlines, but there are other regulatory bodies, which are trying to modernize and harmonize the regulations for global insurance companies. Their task has been made...
Jun 18 2012 // A federal judge has dismissed the Federal Emergency Management Agency as a defendant involving a lawsuit over 2010 flooding at the Kmart in Corinth, MIssissippi.The Daily Corinthian reported last week that U.S. District...
Jun 18 2012 // Taking the position that Florida’s subsidized property insurance market is leading to over-development along the state’s coastline, wildlife groups are calling on lawmakers to pass reforms even if they increase...
Jun 18 2012 // An increase in contract requirements and government regulations has led to a surge in demand for contractors pollution liability coverage, the experts say.Kenneth Schneider, senior vice president of Rockhill Underwriter...
Jun 18 2012 // A judge ruled on June 4 that Federal Insurance Co., part of Chubb Group of Insurance Companies, must continue to cover Jerry Sandusky’s defense costs, at least for now.Sandusky is the former Penn State assistant...
Jun 18 2012 // The Michigan Supreme Court says an insurance company doesn’t have to pay benefits in a hit-and-run case because the incident wasn’t reported within 30 days. The court’s conservative majority overturned a...
Jun 18 2012 // Connecticut Insurance Commissioner Thomas Leonardi praised passage of two new laws that give the state greater financial oversight of large, globally active insurers and makes the state a more attractive place for...
Jun 18 2012 // A last-minute provision added to legislation headed to the governor’s desk in early June delivered a price cut to south Louisiana property owners who get insurance through the state-run insurer of last...
Jun 18 2012 // Executives at financial firms would no longer be able to buy insurance to protect themselves against compensation clawbacks or civil penalties under the legislation introduced by U.S. Representative Barney Frank late last...
Jun 18 2012 // The failure to strictly follow the requirements for providing policyholders with information about their hurricane deductible does not mean the deductible is unenforceable, Florida’s high court has ruled.The Florida...
Jun 18 2012 // National healthcare reform legislation passed by Congress in 2010 may or may not survive consideration by the U.S. Supreme Court, but the healthcare system already has been evolving in ways that are likely to proceed...
Jun 15 2012 // Alabama’s governor visited the Gulf coast this week to promote new laws designed to make homeowner’s insurance more affordable after hurricanes drove up prices.Gov. Robert Bentley told Foley residents that he...
Jun 14 2012 // Until Florida creates an atmosphere of political and regulatory stability, and allows companies to turn a profit, the private market will remain reluctant to write homeowners in the state, said a panel of insurance...
Jun 13 2012 // A worker who witnessed the deaths of two co-workers but did not file a post-traumatic stress disorder claim until more than a year after the second death is still entitled to workers’ compensation benefits, the...
Jun 12 2012 // A judge has rejected a challenge to the insurance requirement in Michigan’s new law expanding the sale of fireworks.Federal Judge Thomas Ludington in Bay City says he’s not going to trump the judgment of...