All the headlines from our Legislation Topic Page, ordered by recency.
Sep 21 2009 // Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists.They got their producer licenses in states that did...
Sep 21 2009 // The Independent Insurance Agents of Virginia (IIAV) has given its Commonwealth Award to Republican lawmaker Frank D. Hargrove Sr. The award recognizes outstanding service for the insurance industry, independent insurance...
Sep 21 2009 // The New York State Insurance Department released proposed new rules mandating how and what insurance agents must reveal to clients about how they are compensated in the sale of policy.The so-called transparency rules...
Sep 21 2009 // Data breaches have hit an all time high and with that have been a dramatic increase in new data security and privacy laws and regulations. Both state and federal regulations have been in place for several years with...
Sep 21 2009 // The Web site for Hanover Excess (www.hanoverxs.com) proclaims that the people at this North Carolina excess and surplus brokerage believe in the “pursuit of excellence while keeping a sense of humor.”David...
Sep 21 2009 // Executives from Colorado’s state-chartered workers’ compensation insurance company defended themselves against accusations of lavish spending and excess profits during a legislative hearing and they told...
Sep 21 2009 // A bill recently introduced in California could encourage more ecologically friendly insurance policy products, putting the state again at the fore of pushing, and leading, for greener public policies.The bill, which has...
Sep 21 2009 // California has issued final pay-as-you-drive regulations, which will guide insurers offering consumers rates that are based on actual as opposed to estimated miles driven.The regulations allow insurers to offer discounts...
Sep 21 2009 // The House of Representatives passed HR 2571, the Non-Admitted and Reinsurance Reform Act of 2009, on Sept. 9.The bill, authored by Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J, will simplify the tax remittance and...
Sep 21 2009 // Challenging market conditions, the financial crisis and the recession drove profitability downward for the U.S. workers’ compensation market in 2008.Changing regulatory conditions and reforms have also impacted the...
Sep 21 2009 // The nation’s insurance regulators, Congress and the SEC have eyes on credit rating agencies and the standards they must follow in the future.The National Association of Insurance Commissioners (NAIC) said it will...
Sep 18 2009 // Credit agencies will have to disclose more of their ratings history, and creators of financial products will have to share data with all credit raters, under rules adopted by U.S. regulators Thursday.The U.S. Securities...
Sep 18 2009 // Legislative and regulatory activity affecting the insurance industry has increased considerably in 2009 compared to the previous two years, according to a new report.From January to July 2009, more than 10,000 pieces of...
Sep 18 2009 // A one-time Kentucky political star whose reputation was tarnished by an ex-girlfriend’s domestic violence allegations told police of wanting revenge when he was arrested in a cemetery hours after she was shot to...
Sep 18 2009 // Senate Judiciary Committee Chairman Patrick Leahy, D-Vt. has introduced legislation to eliminate a federal antitrust exemption for health insurance and medical malpractice insurance companies.As the Senate prepares to...
Sep 18 2009 // Recently enacted legislation that seeks to criminalize present day ambulance chasing is under attack by a small group of health professionals and lawyers who want to continue the practice, says the Texas Committee on...
Sep 18 2009 // The head of Colorado’s state-chartered workers’ compensation insurance company is telling state lawmakers to leave his company alone.Pinnacol Assurance President Ken Ross issued a statement Wednesday saying the...
Sep 17 2009 // Prompted by a deadly February tornado in southern Oklahoma, a state House panel on Tuesday examined ways to increase the number of tornado shelters at mobile home parks.Reps. Pat Ownbey, R-Ardmore, and Samson Buck,...
Sep 17 2009 // Oregon officials have filed proposed rules to better protect Oregon seniors and other investors from misleading sales tactics.The rules prohibit those who sell financial and insurance products from marketing themselves by...
Sep 17 2009 // Florida Gov. Charlie Crist has appointed Neal P. Pitts of Orlando as judge of Compensation Claims, succeeding Ivy Cream Harris in the Jacksonville district.Pitts, 55, has been a sole practitioner since 1987 and from 1983...