All the headlines from our Legislation Topic Page, ordered by recency.
May 25 2010 // Several of Florida’s insurers with affiliated managing general agencies (MGAs) have come in for criticism recently but there is no widespread problem with the MGA model, regulators and insurance industry executives...
May 24 2010 // The embattled head of Massey Energy Co. went on the defensive Thursday as he faced angry lawmakers who claim the company’s indifference toward safety led to the nation’s worst mining disaster in 40 years.Massey...
May 24 2010 // A judge in West Virginia has dismissed a lawsuit over the federal Mine Safety and Health Administration’s plan to privately interview witnesses to the nation’s worst coal mining disaster in 40 years. U.S....
May 24 2010 // Residents and businesses in a northeast Iowa town can sue the state for flood damage caused by a highway project, the Iowa Supreme Court ruled last Friday.The court overturned district court and appeals court decisions...
May 21 2010 // Joe Plumeri, Chairman and CEO of Willis Group Holdings, “told an audience of insurance executives that the new UK Government must address the struggling economy to spur growth in the British insurance industry, while...
May 21 2010 // The U.S. Senate approved a sweeping Wall Street reform bill Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s.By a vote of 59-39, the Senate approved S. 3217, the...
May 21 2010 // The 2008 financial failure and system breakdown of American International Group Financial Products did not contribute to broader systemic effects within the insurance industry, according to a new financial services think...
May 20 2010 // Despite the global economic crisis, the commercial insurance market is poised to remain stable through 2010, but new challenges are emerging for risk managers, according to a report issued by insurance broker Marsh.The...
May 20 2010 // Toronto-based Fairfax Financial Holdings Limited and California-based Zenith National Insurance Corp. announced that Fairfax has received approval from the California Department of Insurance for the acquisition by Fairfax...
May 19 2010 // A federal judge has dismissed a challenge to the new Oregon workplace meetings law which prohibits employers from firing workers who refuse to attend meetings to discuss politics, religion or union organizing.U.S. District...
May 18 2010 // After the devastating back-to-back blows of hurricanes Katrina and Rita, Louisiana’s leaders created a far-reaching state bureaucracy to manage and devise multibillion dollar recovery plans for wrecked southern...
May 18 2010 // President Barack Obama will create a presidential commission to probe the oil spill in the Gulf of Mexico and energy giant BP said Monday it had “turned the corner” in its efforts to contain it.London-based BP...
May 17 2010 // Missouri lawmakers have approved new regulations, including fees and an insurance requirement, for people who raise wild animals such as lions, bears and tigers.Legislation sent to the governor will require anyone...
May 17 2010 // To alleviate concerns about homeowner under-insurance, the California Department of Insurance has proposed regulations governing standards and training for estimating replacement value on homeowners’ insurance. CDI...
May 17 2010 // Sudden Break-Up“We will not be closing any offices or exiting any markets. While we regret these employees’ decision, our focus continues to be on our clients and ensuring that any transition is...
May 17 2010 // West Virginia is mulling a new state agency dedicated to policing dangerous coal mines in response to an explosion that killed 29 men at Massey Energy’s Upper Big Branch mine. The state Board of Coal Mine Health and...
May 17 2010 // On the final day of this legislative session, Florida lawmakers passed omnibus legislation that aims to bring more control over homeowners insurance costs, raises the state’s minimum capital requirements for...
May 14 2010 // The chorus urging Florida Gov. Charlie Crist to sign an omnibus property insurance measure passed by the Legislature is growing.One of the state’s leading consumer advocates, Walter Dartland, of the Consumer...
May 14 2010 // Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost...
May 14 2010 // The makers of file-sharing software LimeWire are liable to 13 major record companies that accused the service of infringing their music copyrights, a Manhattan federal judge has ruled.In a ruling made public Wednesday,...