Latest Legislation Headlines

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

Tennessee Reopens for Business from Captive Insurers

Aug 5 2011 // Applications are now being accepted in Tennessee for firms looking to create captive insurers under the state’s revised law.The Tennessee Department of Commerce and Insurance released a new application form for...

Judge Allows Army Veteran to Sue Rumsfeld for Damages Over Torture

Aug 5 2011 // A judge is allowing an Army veteran who says he was imprisoned unjustly and tortured by the U.S. military in Iraq to sue former Defense Secretary Donald H. Rumsfeld personally for damages.The veteran’s identity is...

Minn. Supreme Court Rules Against Agent in Negligent Procurement Case

Aug 5 2011 // An insurance agent in Minnesota lost an appeal asking to the state Supreme Court to dismiss a case against him over “negligent procurement of insurance coverage.”Robert M. Swendra with the Robert M. Swendra...

Judge Tosses Suit Challenging FEMA Flood Mapping in Illinois

Aug 4 2011 // A federal judge has thrown out a lawsuit three southwestern Illinois counties filed to block the U.S. government from declaring the region’s levees functionally useless. U.S. District Judge J. Phil Gilbert called the...

Florida to Investigate Role of Check Cashing Firms in Workers’ Compensation Fraud

Aug 4 2011 // Florida officials are calling for an investigation into the role of check cashing services in helping construction subcontractors avoid paying their fair share of workers’ compensation premiums. Florida Chief...

Massachusetts Agents Seek Ballot Measure to Ban Insurers’ Use of Credit Scores

Aug 4 2011 // Massachusetts independent insurance agents who oppose the use of credit scores, occupation and education level in auto insurance pricing by the insurance companies they represent are pushing to put a petition to ban such...

Judge Scolds PennDOT for Pursuing Uninsured Woman

Aug 4 2011 // A three-judge Commonwealth Court panel Tuesday upheld the suspension of a Philadelphia woman’s car registration for allowing her insurance to lapse, although one judge scolded the Pennsylvania Department of...

Judge Tosses Tennessee Cheerleaders’ Damages Lawsuit

Aug 4 2011 // A federal judge dismissed a lawsuit filed by three former high school cheerleaders who were kicked off the squad for underage drinking.The damage suit filed by parents of the former cheerleaders at Ooltewah High School...

Judge Scolds PennDOT for Pursuing Uninsured Woman

Aug 4 2011 // A three-judge Commonwealth Court panel Tuesday upheld the suspension of a Philadelphia woman’s car registration for allowing her insurance to lapse, although one judge scolded the Pennsylvania Department of...

When Rating Agencies Judge the World – an Analysis

Aug 3 2011 // The man who holds in his hands the fate of U.S. credit, and with it potentially the global economy, favors small tie knots, sports a bushy mustache and smokes his fair share of cigarettes. Beyond that, he is a mystery,...

China Mulls Creation of New Regulator for State Financial Sector

Aug 3 2011 // China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen...

Alabama Hikes Penalty for Driving Without Liability Insurance

Aug 2 2011 // Alabama drivers are facing stiffer penalties for failing to have liability insurance under a bill recently signed into law by Gov. Robert Bentley.In 2001, state lawmakers required all state drivers to carry motor vehicle...

Montana Supreme Court Rules in Aluminum Baseball Bat Case

Aug 1 2011 // The Montana Supreme Court has awarded $850,000 to the family of a 18-year-old pitcher who was killed by a baseball hit off an aluminum bat.The aluminum baseball bat was not designed defectively, but the manufacturer should...

Hawaii Restores Coverage for Construction Defect Claims

Aug 1 2011 // Hawaii Gov. Neil Abercrombie has signed legislation its supporters hope will restore coverage for construction defect claims under a commercial general liability (CGL) policy that was called into question by a 2010 court...

Surplus Lines Law In Effect; Taxes Up in Air

Aug 1 2011 // The implementation deadline for the Non-admitted and Reinsurance Reform Act arrived on July 21. States have been scrambling over the past year to update their surplus lines laws to comply with NRRA requirements and to...

Dodd-Frank Anniversary: What About Insurance?

Aug 1 2011 // The Dodd-Frank Wall Street Reform and Consumer Protection Act rewrote the landscape of the financial markets and it has permeated all sectors of the global economy.A year after the Dodd-Frank Act was signed, there...

Surplus Lines Law In Effect; Taxes Up in Air

Aug 1 2011 // The implementation deadline for the Non-admitted and Reinsurance Reform Act arrived on July 21. States have been scrambling over the past year to update their surplus lines laws to comply with NRRA requirements and to...

California Surplus Lines Bill Signed Into Law

Aug 1 2011 // Gov. Jerry Brown has signed legislation (Assembly Bill 315) that brings California in line with provisions in the new federal surplus lines insurance law, the Non-admitted and Reinsurance Reform Act of 2010 (NRRA), which...

People

Aug 1 2011 // Joseph Waked was named CEO of Buena Park, Calif.-based Freeway Insurance, a subsidiary of New York-based Confie Seguros. He will have responsibility for California, Texas and Arizona.Waked replaces Freeway’s former...

Ready or Not, New Surplus Lines Law Is Here

Aug 1 2011 // The implementation deadline for the Nonadmitted and Reinsurance Reform Act has arrived. States have been scrambling over the past year to update surplus lines laws that will conform with NRRA requirements, while agents and...