All the headlines from our Legislation Topic Page, ordered by recency.
Jul 20 2009 // A report by the auditing arm of the South Carolina Legislature has concluded that the state insurance department overall does a good job regulating insurance companies and their rates but it could do a better job of...
Jul 20 2009 // Too High a Cost“In terms of lives and of dollars, the cost of repealing Missouri’s helmet law simply would have been too high.” —Missouri Gov. Jay Nixon, who vetoed legislation that would have relaxed a...
Jul 20 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Jul 20 2009 // Citing testimony that self-insured employers have been able to reduce overall workers’ compensation costs, California Insurance Commissioner Steve Poizner has rejected the Workers’ Compensation Insurance Rating...
Jul 20 2009 // A Rhode Island court has ruled that a commercial general liability insurance policy held by the owners of the Station nightclub does not require the insurance company to defend them against criminal charges.The case arose...
Jul 20 2009 // A new report by Marsh has found that some UK real estate firms are failing to address the strategic risks facing their organizations, leaving them more vulnerable to the vagaries of market conditions and in a weaker...
Jul 20 2009 // One of the nation’s largest insurers has unveiled a plan to shift the authority for regulating rates for hurricane wind coverage from state regulators to an independent federal commission.Mississippi Gov. Haley...
Jul 20 2009 // Workers’ compensation reform proposals will be subjected to legislative scrutiny through an Oklahoma House of Representatives study requested by state Rep. Mark McCullough, among others.McCullough, who has authored...
Jul 20 2009 // Credit default swaps nearly brought down the world financial system last fall when it was discovered that AIG Financial Products had written hundreds of billions of dollars worth of credit protection without setting aside...
Jul 20 2009 // California Insurance Commissioner Steve Poizner has issued proposed regulations for Pay-Drive (Usage Based Auto Insurance).According to the Commissioner, “Insurers frequently rely on consumers to provide their own...
Jul 16 2009 // State Farm Lloyds has submitted a rate filing to the Texas Department of Insurance to increase its homeowner’s insurance rates in Texas by a statewide average of 8.5 percent, beginning Oct. 1 for existing customers...
Jul 16 2009 // The implementation of a medical fee schedule in Tennessee after reforms passed in 2004 has helped save employers $1,300 per workers’ compensation case, according to a study by a research group.The study by he Workers...
Jul 15 2009 // After months of trying, Florida state officials and State Farm Florida have been unable to agree on the details of the insurer’s plan for withdrawing from the state, so steps have been taken to have an administrative...
Jul 14 2009 // In May, when Gov. Charlie Crist vetoed a bill (SB 714) to fix a glitch in the state’s condominium insurance laws because he did not like a minor fire sprinkler provision in it, a frustrated Jeff Grady, president of...
Jul 14 2009 // Missouri Governor Jay Nixon has signed HB 577 to have Missouri become the 36th member of the Interstate Insurance Product Regulation Compact (IIPRC). With the addition of Missouri, the current compacting states in the...
Jul 14 2009 // Democrats in the Michigan House are pushing a dozen bills they say are needed to protect consumers from unfair claims practices by insurance companies.But insurers maintain the measures are unnecessary and will do more...
Jul 14 2009 // Recent hearings may not keep West Virginia’s Public Employees Insurance Agency out of court over a proposal to stop subsidizing retiree health care, one advocate for state workers says.The American Federation of...
Jul 13 2009 // A Missouri judge has issued a preliminary injunction blocking the firing of three administrative law judges who decide workers’ compensation cases. Gov. Jay Nixon’s administration had said the dismissals were...
Jul 13 2009 // Some state lawmakers in Wisconsin want to give local governments a one-year break from paying their property-insurance premiums.Hundreds of cities, towns and school districts insure their property with a state fund managed...
Jul 10 2009 // U.S. Treasury Secretary Timothy Geithner is expected to propose on Friday giving securities and futures regulators authority to police the largely unregulated over-the-counter derivatives market, according to a document...