All the headlines from our Legislation Topic Page, ordered by recency.
Oct 24 2011 // Stefan Holzberger, A.M. Best’s managing director-analytics, recently moved to London from the U.S. He is well placed to analyze the impact of the European Union’s Solvency II regulations, not only on the...
Oct 21 2011 // Senior Obama administration officials and a bipartisan group of U.S. senators agreed on Wednesday to push for cybersecurity legislation as quickly as possible, the White House said Thursday.White House spokeswoman Caitlin...
Oct 20 2011 // Kentucky Republican state Rep. Bill Farmer of Lexington is planning to push a legislative measure that would impose new rules regarding the sale of scrap copper to try to cut down on thefts. Farmer said businesses and even...
Oct 18 2011 // The ongoing financial crisis has claimed many victims over the past few years, but while banks and their depositors have been largely protected by taxpayer bailouts, the investment fund community, and the hedge fund...
Oct 18 2011 // The U.S. Treasury Department’s Federal Insurance Office is seeking public comment for its report on how to improve the country’s insurance regulatory system.The study is mandated by the Dodd-Frank Wall Street...
Oct 17 2011 // Insurers in Tennessee will payout fewer damages in medical malpractice cases after a new cap on damages took effect earlier this month. The new law also states insurers may no longer be sued under the state’s...
Oct 17 2011 // Nebraska insurance officials can’t decide whether to recommend a state-based health insurance exchange or follow a proposed federal model until they know how much the national plan will cost, Nebraska Department of...
Oct 17 2011 // The U.S. House of Representatives in early October passed legislation that keeps the federal flood insurance program running until Nov. 18, 2011.The House voted 352-66 to extend the National Flood Insurance Program (NFIP);...
Oct 17 2011 // One county in Florida has decided not to wait on state lawmakers’ promise to address the insurance fraud and fix the state’s automobile no-fault law. It has passed its own ordinance to crack down on fraudulent...
Oct 17 2011 // New York Department of Financial Services, the new department that combines the state’s insurance and banking regulators, was officially launched on Monday, Oct. 3.Financial Services Superintendent Benjamin Lawsky...
Oct 17 2011 // With four months to go before Florida’s legislative session, lawmakers are already considering the future of the state’s largest homeowners’ insurer. However, there are few easy answers in sight.Citizens...
Oct 17 2011 // Commercial insurers in Florida no longer have to seek prior approval from state regulators before changing some of the rates they charge under a new law that took effect October 1. Earlier this year, Florida lawmakers...
Oct 16 2011 // A magistrate judge in New York has recommended that al-Qaida be assessed $9.3 billion for the damage done to properties and businesses in the Sept. 11 attacks. Federal Magistrate Judge Frank Maas in a ruling Friday, Oct....
Oct 13 2011 // The Texas Windstorm Insurance Association (TWIA) will be implementing a new billing and commission system beginning Jan. 1, 2012.In a bulletin to insurance agents, TWIA said under the new system it will assume the...
Oct 13 2011 // Florida employers could have to pay more in workers’ compensation premiums if regulators go along with a proposed statewide average 8.9 percent rate hike. The rate change may also trigger legislative action to clamp...
Oct 13 2011 // More people are now eligible to claim exemptions from workers’ compensation in Tennessee as a result of a new law that took effect this month.The law expands eligibility for people who can apply for and be listed on...
Oct 13 2011 // New Jersey’s auto insurance personal injury protection (PIP) regulations are due for an update. The state’s law requires that the Department of Banking and Insurance (DOBI) revisit the rules every two years.The...
Oct 12 2011 // Two Amish men in western Kentucky have been ordered to pay fines and could face jail time for refusing to post reflective triangles on their horse-drawn carriages.Levi Hostetler and Joe Stutzman were found guilty in short...
Oct 11 2011 // Democrats in Arkansas next year can’t escape the debate over the health care overhaul. They can at least try to change the conversation in their favor.The dispute between Democratic Gov. Mike Beebe’s...
Oct 11 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A” (Excellent) and the issuer credit rating (ICR) of “a” of Sirius International Insurance...