All the headlines from our Legislation Topic Page, ordered by recency.
Apr 23 2007 // Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual...
Apr 23 2007 // A consumer coalition released a report that disputes insurers’ contention that the most recent medical malpractice insurance crisis for doctors was caused by rising costs.The study, Stable Losses/Unstable Rates 2007,...
Apr 23 2007 // DeclarationsA balancing act “The legislation we are supporting this session is intended to balance the need to create a competitive regulatory environment while ensuring that our citizens are afforded adequate...
Apr 23 2007 // As 1,200 independent agents and brokers from around the country descend on Washington, D.C., this month for the Big “I” Legislative Conference & Convention, they will be greeted with a new legislative...
Apr 23 2007 // Louisiana Governor Kathleen Babineaux Blanco and state Commissioner of Insurance Jim Donelon on April 11 unveiled a joint legislative package designed to attract new insurers to the state, drive down rates and protect...
Apr 23 2007 // It’s that time of year when, if you are a member of Congress and you don’t have a meeting with at least one independent insurance agent from back home, you are probably not running for re-election. Like cherry...
Apr 23 2007 // Washington senators have approved a proposed Insurance Fair Conduct Act, passing it 31-18 mostly along party lines. The bill, which would prohibit the practice of delaying or denying an insurance claim without proper...
Apr 23 2007 // As 1,200 independent agents and brokers from around the country descend on Washington, D.C., this month for the Big “I” Legislative Conference & Convention, they will be greeted with a new legislative...
Apr 23 2007 // For several years, directors and officers underwriters have viewed corporate insiders’ adoption of so-called “Rule 10b5-1 plans” as evidence of good corporate governance and as a positive underwriting...
Apr 20 2007 // Ten lawmakers want to drain off some of the massive reservoirs holding New York City drinking water, claiming lower water levels will help prevent flooding in riverside communities.House lawmakers from Pennsylvania, New...
Apr 20 2007 // The U.S House of Representatives today passed by a vote of 269 to134 legislation to allow shareholders of public companies to approve or disapprove of a company’s executive compensation plans.H.R. 1257, the...
Apr 19 2007 // The California Department of Insurance (CDI) has been handed a procedural setback in its effort to crack down on agents charging broker fees. This week, the California Office of Administrative Law (OAL) determined that...
Apr 18 2007 // A mandatory seatbelt law could do more than save drivers’ lives. It could save them money.When House lawmakers recently passed a seatbelt bill, supporters emphasized that buckling up would save lives. But the issue...
Apr 18 2007 // A federal judge said this week that his “door is open” to a mass settlement of disputed insurance claims in Mississippi after Hurricane Katrina, but he won’t endorse a proposed class-action settlement of...
Apr 18 2007 // A bill introduced by a state legislator would reverse the 2003 law that made wearing a helmet optional for most motorcycle riders in Pennsylvania.Under current law, motorcyclists younger than 21 must wear helmets. Helmet...
Apr 17 2007 // Following the Washington Senate’s passing of an Insurance Fair Conduct Act, the Property Casualty Insurers Association of America (PCI) has issued a statement voicing its concern that the bill will lead trial...
Apr 16 2007 // The debate was quick and anticlimatic in the Senate last week, as lawmakers approved a proposed Insurance Fair Conduct Act that touched off a major tiff on the House floor a week earlier.In less than a minute, senators...
Apr 16 2007 // The Arizona Court of Appeals has ruled that subjective pain does not fall under Arizona’s definition of an injury for which an employee is entitled to workers’ compensation benefits.According to court...
Apr 16 2007 // The Bermuda Monetary Authority, which among other things regulates the island’s insurance industry, announced that Matthew Elderfield has been appointed as the organization’s next CEO. He “brings 20 years...
Apr 13 2007 // Warning of another looming hurricane season, lawmakers including Florida Gov. Charlie Crist pleaded this week in Washington for a national catastrophe fund to help stabilize an insurance industry that they say has gone...