Latest Legislation Headlines

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

Former New Mexico Insurance Regulator Indicted

Aug 27 2007 // Former New Mexico state insurance regulator Joe Ruiz has been indicted on federal corruption charges for allegedly misusing his office by soliciting payments from insurance companies in exchange for reducing regulatory...

Oregon Legislature Passes Several P/C Insurance-Related Bills

Aug 24 2007 // The 2007 Oregon Legislature has passed a number of bills relating to insurance.The bills affecting property/casualty insurance include: *SB 183 (ch 574) Premium relief to rural doctors for professional medical liability...

Court Rules Workers’ Comp Costs Can Be Tallied in Incentive Compensation

Aug 24 2007 // The California Supreme Court has ruled that incentive compensation plans, calculated on profits, can subtract out costs for workers’ compensation costs from profits, even if it discourages employees from reporting...

Governors Urged to Back OFC Legislation

Aug 24 2007 // Two former governors urged the National Governors Association to back federal legislation that would implement an optional federal charter regulatory system in the insurance industry.“The success of the insurance...

S&P, Best Comment on PartnerRe’s EU Centralization Move

Aug 23 2007 // The rating agencies reacted positively to PartnerRe’s move to centralize all of its European operations in its Dublin-based subsidiary (See previous article).Standard & Poor’s Ratings Services assigned its...

Lawmakers Evaluate Minn. 2007 Disasters from Fires to Bridge Collapse

Aug 22 2007 // From its northern tip to its southern border, Minnesota is getting roughed up in 2007.The state has seen fire, floods and a fallen bridge. “It has been one thing after another,” said Judson Freed, past...

Fla. Drivers Told Property Damage Liability Still Needed If No-Fault Expires

Aug 22 2007 // Florida drivers will still need to purchase property damage liability insurance even if the state’s no-fault insurance system disappears Oct. 1, a lawyer for the Department of Highway Safety and Motor Vehicles...

Pa. Judge Charged in Alleged Insurance Scam Suspended

Aug 21 2007 // Pennsylvania’s highest court last Friday suspended Superior Court Judge Michael T. Joyce, who was indicted earlier this week on federal charges of cheating two insurance companies out of $440,000.The state Supreme...

Liberty Mutual Receives Regulatory Approvals for Ohio Casualty Acquisition

Aug 21 2007 // Liberty Mutual Group and Ohio Casualty Corp. recently announced that the Liberty Mutual Group has received approvals from the State of Ohio Department of Insurance and the State of Indiana Department of Insurance for the...

Pa. Judge Suspended Over Insurance Fraud Charges to Retire

Aug 21 2007 // Suspended Superior Court Judge Michael T. Joyce pleaded not guilty Monday to federal charges of mail fraud and money laundering, but abandoned his re-election campaign and said he plans to retire when his term expires in...

Reinsurance 2007 — A victim of success?

Aug 20 2007 // Record earnings, capitalization and profits deliver new challenges for reinsurersIf the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of...

Insurers, underwriters try to relax with medispas

Aug 20 2007 // In a world where one-stop shopping is the norm, it makes sense that consumers now demand cosmetic and medical services be blended and offered in one location. With no extra travel and no extra hassle, a one-stop, beauty...

Reinsurance 2007 – A victim of success?

Aug 20 2007 // If the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of 2007 — it tops the leader board. But as any golf buff knows the final 18...

Insurers, underwriters try to relax with medispas

Aug 20 2007 // In a world where one-stop shopping is the norm, it makes sense that consumers now demand cosmetic and medical services be blended and offered in one location. With no extra travel and no extra hassle, a one-stop, beauty...

Pa. Judge Faces Fraud Indictment Relating to Car Accident Claim

Aug 17 2007 // A Pennsylvania Superior Court judge collected insurance money after claiming a car accident made him unable to exercise or play golf, but then played golf, went inline skating and received his pilot’s license,...

Okla. Lawmaker Proposes Ban on Cell Phone Use by School Bus Drivers

Aug 16 2007 // Legislation proposed by an Oklahoma state representative would prohibit school bus drivers from talking on their cell phone while driving the bus.The measure by Rep. Paul Wesselhoft, R-Moore, would also forbid teenagers...

R.I. Governor May Relax Fire Code

Aug 15 2007 // Rhode Island Gov. Don Carcieri and other state officials are renewing a push to relax Rhode Island’s fire code after a bill that proposed major revisions died in the General Assembly earlier this summer.Carcieri...

Fla. Office of Insurance Regulation Denies Rate Filings

Aug 15 2007 // This week, the Florida Office of Insurance Regulation denied the rate requests of three companies for not substantially lowering their property insurance rates pursuant to legislation adopted earlier this...

Calif. Modifies Benefit Notice Rules

Aug 15 2007 // California’s Division of Workers’ Compensation has issued a 15-day notice of revisions to proposed workers’ compensation benefit notice and medical provider network regulations.The DWC has modified its...

Mass. Lawmakers Anxious About Auto Change, Socioeconomic Factors

Aug 14 2007 // Massachusetts lawmakers are anxious about the Patrick Administration’s decision to try competitive rating in auto insurance in 2008 but have stopped short of asking Insurance Commissioner Nonnie Burnes to halt her...