All the headlines from our Legislation Topic Page, ordered by recency.
Dec 21 2011 // Michigan employers are likely to save money on unemployment insurance and workers’ compensation under changes signed into law on Dec. 19 by Gov. Rick Snyder. Critics, though, said the moves could make it more...
Dec 21 2011 // Gov. Rick Scott wants lawmakers to fix a pair of auto and property insurance issues that are costing Floridians hundreds of millions of dollars but have eluded resolution for more than a decade.The issue facing the largest...
Dec 20 2011 // Insurance in emerging markets has “experienced strong growth over the past decade and the outlook for the next decade remains promising,” a Swiss Re sigma study concludes.However, it also notes that...
Dec 19 2011 // In his first year as insurance commissioner of Oklahoma, John Doak has been a busy man.Doak and the agency he leads have had their hands full implementing reforms in the workers’ compensation system, dealing with a...
Dec 19 2011 // Republicans in firm control of the state Legislature say they’re setting the stage for an economic turnaround in Michigan after passing sweeping tax and policy changes over the past year.Business tax cuts that will...
Dec 19 2011 // Moody’s Corp. has acquired Barrie & Hibbert Limited, a provider of risk management modeling tools for insurance companies worldwide.The acquisition broadens Moody’s Analytics suite of software solutions for...
Dec 16 2011 // A judge who was assigned to hear all of the asbestos cases in her southwestern Illinois county was stripped of those cases after it was revealed her campaign committee received $30,000 in contributions from area law firms...
Dec 16 2011 // Michigan Gov. Rick Snyder has signed legislation that will eliminate some extra fees that are imposed on drivers for certain traffic offenses.Senate Bill 166 repeals pieces of the state’s “driver...
Dec 16 2011 // U.S. healthcare reforms have enabled 2.5 million young adults to join or remain in their parents’ health insurance plans, the U.S. government said this week, up from 1 million reported earlier this year.Federal...
Dec 16 2011 // Ten years ago, foreign insurers were lining up to celebrate China’s entry into the World Trade Organization, eager to tap what was certain to become the world’s next big insurance frontier.A decade on, it is...
Dec 15 2011 // A major group for risk management professionals sent a letter to the U.S. Treasury Department, asking for a bigger federal role in regulating insurance.The Risk and Insurance Management Society sent its letter to Michael...
Dec 15 2011 // Florida has added one more name to the growing list of offshore reinsurers who can do business in the state under a new law allowing them to reduce their capital and collateral requirements.The Florida Office of Insurance...
Dec 15 2011 // A bill that could help Michigan employers reduce costs related to compensating workers injured on the job is on the way to Gov. Rick Snyder after getting final approval in the state Legislature.The bill was approved 60-47...
Dec 15 2011 // U.S. offshore oil and gas drillers need to take a more systematic approach to safety in all aspects of their operations to prevent another catastrophe like last year’s massive Gulf of Mexico oil spill, a scientific...
Dec 14 2011 // Minnesota is in the process of liquidating an Austin, Minn.-based insurance and trust company that regulators say has a long history of financial problems, administrative incompetence, coercive and dishonest business...
Dec 14 2011 // A nurse with a prior felony conviction for forging prescriptions dilutes morphine solutions for five Halstead, Kan., nursing home patients. Another nurse convicted of stealing drugs from patients at an Emporia home gets...
Dec 14 2011 // A JPMorgan unit cannot force insurers to pay a $250 million settlement between failed investment bank Bear Stearns and government regulators, a state appeals court in New York ruled on Tuesday.Reversing a trial court, the...
Dec 14 2011 // The liability risks facing company directors and officers are intensifying in the wake of the economic crisis. At the head of the list are “regulatory investigations and enquiries,” which pose the greatest...
Dec 14 2011 // Four people will spend five years on probation after being convicted of pocketing money from Gulf oil spill claims.The Press-Register reported that U.S. District Judge William Steele also ordered the four to pay back money...
Dec 13 2011 // Mutual insurers are pleased with a new proposal that makes it clear they would continue under state regulation and not be governed by the liquidation provision of the new federal Dodd-Frank Act.The proposed rule issued by...