All the headlines from our Legislation Topic Page, ordered by recency.
Dec 12 2011 // A joint committee of state lawmakers over the next year will be looking in to alternatives for providing property insurance along the Texas coast.Texas House Speaker Joe Straus, R-San Antonio, has announced Texas House...
Dec 12 2011 // Federal Emergency Management Agency (FEMA) issued a new bulletin telling insurers that they should cooperate with state regulators on questions regarding federal flood insurance.There has been an ongoing turf battle...
Dec 12 2011 // The Arkansas insurance commissioner’s decision to give up on the state running a health insurance exchange isn’t the end of the fight over implementing the federal health care law that required it. It’s...
Dec 9 2011 // A federal judge has ruled that a Montana blogger was not acting as a journalist when she lambasted an Oregon attorney in online statements that led to a $2.5 million defamation judgment against her.The ruling last week by...
Dec 9 2011 // Florida lawmakers are considering allowing surplus lines carriers to participate in the depopulation programs of the state’s largest homeowner insurer in an effort to reduce its policyholder rolls.Citizens Property...
Dec 9 2011 // Amidst all the turmoil in the euro zone, the implementation of the Solvency II regulations, governing the 27 members of the European Union, including the UK, grinds inexorably forward. It is a fact of life for British...
Dec 8 2011 // Workers’ compensation reform legislation that supporters say will help reduce employer costs for helping injured workers has advanced in Michigan.The state Senate has passed a bill that was previously approved in the...
Dec 8 2011 // In this era of sharp political differences, the need for a national flood insurance program is one area where just about everyone agrees. Even so, the program is a victim of Washington partisanship, actuaries were told at...
Dec 7 2011 // The U.S. Senate passed an extension of the National Flood Insurance Program (NFIP) through May 31, 2012.The legislation, introduced by Sen. David Vitter, R-La., passed the Senate by unanimous consent and must now be taken...
Dec 7 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 6 2011 // Florida’s largest homeowner insurer is offering a slate of coverage changes, but concedes that without legislative changes there will be little reduction in its exposure or policyholder count.Gov. Rick Scott last...
Dec 5 2011 // Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine,...
Dec 5 2011 // Lawmakers responded to pleas from industry and foreign governments on Friday with a tentative agreement to block the Obama administration from requiring that air shipments of lithium batteries be treated as hazardous cargo...
Dec 5 2011 // It would be difficult to find an industry more competitive than the insurance business. Our long-term results prove that to be true. Far more often than not, the industry loses money on what is supposed to be our core...
Dec 5 2011 // A federal judge blocked Citigroup Inc.’s proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements.U.S. District...
Dec 5 2011 // BP has lost two big rulings in its fight to shield itself from potentially having to pay billions of dollars more in damages related to the worst offshore oil spill in U.S. history.A federal judge ruled in mid-November...
Dec 5 2011 // New York State Department of Financial Services issued new rules to implement a new state law that deregulates most insurance business for large, sophisticated companies and public entities.The law exempts insurers from...
Dec 2 2011 // Nebraska should not wait for the U.S. Supreme Court to rule on the Obama administration’s health care overhaul before it prepares a state-based insurance exchange, a leading hospital advocate said.Bruce Rieker, a...
Dec 2 2011 // North Carolina companies that sell portable electronics coverage will soon be able to offer insurance under a new state law that is due to take effect at the end of the year.Earlier this year, state lawmakers passed a bill...
Dec 2 2011 // Toyota Motor Corp has won the dismissal of a U.S. lawsuit brought by vehicle owners in 14 other countries who said their Toyotas lost value because of the Japanese automaker’s mishandling of alleged unintended...