Latest Legislation Headlines

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

Editor’s Note: Of wind and floods

Jul 23 2007 // Is there a place for windstorm coverage in the National Flood Insurance Program? Not according to three major trade groups representing insurance companies — they have officially taken a stand against proposals to...

Package of insurance measures passes La. legislature

Jul 23 2007 // Louisiana’s Legislature in June approved a package of insurance bills promoted by Louisiana Gov. Kathleen Babineaux Blanco and Insurance Commissioner Jim Donelon. Among the bills passed were one that provides for...

The tale of two states

Jul 23 2007 // For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated...

The Nonadmitted and Reinsurance Reform Act

Jul 23 2007 // After decades of frustration and brutal disappointment, the vexing and seemingly intractable tax payment and regulatory compliance problems surplus lines brokers face on multi-state risks are about to be solved. The...

Editor’s Note: Of wind and floods

Jul 23 2007 // Whether or not H.R. 920 is successfully passed, it’s becoming increasingly clear that the federal government is taking notice of the problems certain areas of the country face with regard to windstorm insurance.Is...

Nevada consumers puzzle over using credit history

Jul 23 2007 // As Ed Rathje sees it, his first foray into the Nevada Legislature as a citizen-activist ended in “total defeat” earlier this month when a bill he was pushing to limit the insurance industry’s use of...

Treasury chief Paulson vows review of U.S. financial services regulation

Jul 23 2007 // The Bush administration plans to review the U.S. government’s regulatory system for financial institutions with the goal of making changes to better reflect modern markets.Treasury Secretary Henry Paulson said the...

Congress gets serious about surplus lines insurance reform

Jul 23 2007 // Insurance regulatory reform efforts on Capitol Hill took a giant leap forward with the recent House passage of HR 1065, the Non-Admitted and Reinsurance Reform Act of 2007. Sponsored by Rep. Dennis Moore, D-Kan., and Rep....

Calif. Names Girion Deputy Commisson of Rate Regulation

Jul 20 2007 // California Insurance Commissioner Steve Poizner announced that Woody Girion will serve as the new deputy commissioner of rate regulation at the Department of Insurance effective August 1. Girion replaces former Rate...

La.’s Gov. Blanco Vetoes Minimum Auto Insurance Legislation

Jul 20 2007 // Louisiana Gov. Kathleen Blanco has vetoed legislation that could have increased auto insurance costs for over 1 million Louisiana motorists, her office said.The Legislature in June 2007 approved the bill by Sen. Mike...

Federal Anti-Terror Funds to Connecticut Increase

Jul 20 2007 // Connecticut will get $23 million in federal homeland security grants this year, an increase of about $10 million from a year ago largely because of new funding for police, fire and medical emergency radios, officials said...

Insurers Say Mich. Motorists Should Have Choice in Medical Coverage

Jul 19 2007 // The insurance industry in Michigan released a study on Tuesday, July 17th that predicts motorists could save up to 16 percent on their auto premium if they were allowed to select capped health benefits for accident...

Court Rules Liability Waiver Invalid When There is Gross Negligence

Jul 19 2007 // The California Supreme Court has ruled that a signed liability waiver is useless in protecting a government entity from gross negligence and only good in protecting against ordinary negligence, which could have...

Ill. Governor Uses Executive Authority to Limit What Insurers Can Charge

Jul 17 2007 // Ill. Gov. Rod Blagojevich used his executive authority last week to make a rule that prevents insurance companies from considering someone’s health when deciding what premium to charge when renewing an individual...

Mass. Lawmakers Urge Federal Inspections of Nation’s Tunnels

Jul 17 2007 // Massachusetts lawmakers say a federal safety board’s report on last year’s fatal Big Dig ceiling collapse gives a boost to their push for a national tunnel inspection program aimed at preventing future...

Merck Asks Judge to Reduce $47.5 Million Vioxx Award to Idaho Man

Jul 17 2007 // Merck & Co. is urging a New Jersey judge to slash a jury’s $47.5 million award to an Idaho postal worker who successfully sued the drugmaker over a heart attack he blamed on Merck’s since-withdrawn Vioxx...

Mass. To Test Drive Competitive Rating for Auto Insurance for First Time in 30 Years

Jul 16 2007 // The last time — January, 1977 — Massachusetts tried to introduce competitive rating into private passenger auto insurance, a Democrat, Michael Dukakis, was governor. The experiment lasted about seven months before...

Federal Judge Cites Municipal Immunity in Nixing Award Against Conn. Town

Jul 12 2007 // A federal judge has thrown out a $2.5 million jury award against the town of East Haven, Conn. in connection with the police killing of a 21-year-old man in 1997.U.S. District Judge Alvin W. Thompson, in a decision last...

Insurance Group Urges Defeat of Wis. Auto Repair Shop Legislation

Jul 11 2007 // The American Insurance Association (AIA) today urged Wisconsin legislators to reject two bills that would make it illegal for insurers to provide their customers valuable information after a car accident.“These bills...

Judge in La. Won’t Force Prosecutor to Enter Katrina Whisteblower Case

Jul 11 2007 // A federal judge in New Orleans on June 9 withdrew an order challenging U.S. Attorney David Dugas for not intervening in a whistleblowers’ lawsuit that accuses insurance companies of overbilling the federal government...