All the headlines from our Legislation Topic Page, ordered by recency.
Dec 16 2009 // State Farm Florida will remain in Florida under a negotiated agreement that allows it to cancel about 15 percent of its policies and raise rates 14.8 percent. The deal also allows its contract agents to place the business...
Dec 16 2009 // A judge said this week he would rule by Jan. 15 on whether to dismiss a lawsuit filed by the families of two students slain in the mass shootings at Virginia Tech.After hearing arguments, Montgomery County Circuit Court...
Dec 14 2009 // At least four new surety bonds have hit the market in Texas and Arkansas in the last six months, part of a wave of new bonding requirements nationwide.Brokers in both states are working to stay on top of the new mandates....
Dec 14 2009 // The Federation of European Risk Management Associations, has issued a bulletin welcoming the opportunity to comment on the European Commission’s latest draft of the block exemption requirements (BER) for the...
Dec 11 2009 // Lloyd’s CEO Richard Ward, speaking at an ancillary meeting of the Copenhagen Conference on Climate Change, stressed that, although “this is a side event to the main negotiations,’ It shouldn’t...
Dec 11 2009 // The U.S. House approved the biggest changes in financial regulation since the Great Depression Friday, marking a win for the Obama administration and congressional Democrats.With the Senate due to debate similar reforms...
Dec 10 2009 // After more than a decade and four Nebraska Supreme Court rulings, a new trial may soon be scheduled in a multimillion-dollar insurance dispute between Florida and Countrywide Insurance Agency.Florida is still trying to...
Dec 10 2009 // The new year is likely to bring new compensation disclosure rules for New York insurance producers.A pending regulation allows agents and brokers to accept incentive pay from insurers that is tied to volume and production,...
Dec 9 2009 // A Florida online insurance agency found to have sold homeowners policies using unlicensed personnel will pay a $100,000 fine. The agency will also contact every customer affected and offer to rewrite their policies, under...
Dec 8 2009 // Several U.S. Supreme Court justices seemed to question Monday whether the president had enough authority over an agency that polices auditors of public companies.During arguments to consider if the Public Company...
Dec 8 2009 // The insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the...
Dec 7 2009 // The National Association of Insurance Commissioners (NAIC) today presented Dr. Raymond Spudeck, senior research economist with the Florida Office of Insurance Regulation, with the organization’s most prestigious...
Dec 6 2009 // The 2,074-page health care bill includes a range of items that some say could be time bombs in waiting for some agencies – or new opportunities.Until this year, health care was a minor blip on the radar of insurance...
Dec 6 2009 // The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in the Empire State, in a move aimed at reducing fraud.“We have to be vigilant in protecting the pocketbooks...
Dec 6 2009 // State insurance regulators have expressed support for recent changes to proposed legislation creating a Federal Insurance Office (FIO). In a letter to the House Financial Services Committee, the National Association of...
Dec 6 2009 // At least four new surety bonds have hit the market in Texas and Arkansas in the last six months, part of a wave of new bonding requirements nationwide.“This past year has seemed to be especially active statutorily...
Dec 6 2009 // The controversy over drywall from China is heating up in Washington and in the Southeastern states most affected by the use of the product following the 2004 and 2005 hurricane seasons, including Louisiana.In a letter to...
Dec 6 2009 // At least four new surety bonds have hit the market in Texas and Arkansas in the last six months, part of a wave of new bonding requirements nationwide.“This past year has seemed to be especially active statutorily...
Dec 6 2009 // A federal judge in Louisiana has ruled that the U.S. Army Corps of Engineers’ failure to properly maintain and operate the Mississippi River-Gulf Outlet (MRGO) was a substantial cause for the flooding of part of the...
Dec 6 2009 // Firefighting at Night“Nighttime air attack is a standard. … Such action was not taken because the USFS policy prohibits night flying. Would night flying have made a difference? No one can say for sure, but...