Latest Legislation Headlines

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

As hedge fund industry matures, so do its liability risks

Mar 26 2007 // Hedge funds are exposed to increasing risks from regulators, market conditions and the publicThere are three things you can be sure will happen during your time on earth: death, taxes and plaintiff’s attorneys...

Judges fault Spitzer on case against Greenberg over charity funds

Mar 26 2007 // One of Eliot Spitzer’s more contentious cases from his years as attorney general in New York was criticized by a panel of retired judges who discounted his claims that insurance executive Maurice R....

Agents Hit U.S. Chamber Backing of Federal Insurance Regulation

Mar 26 2007 // As they prepare to converge on Washington, D.C. to meet with federal legislators, insurance agents are targeting a recent U.S. Chamber of Commerce endorsement of federal insurance regulation for criticism.The National...

Tenn. Compromise Medical Malpractice Measure Stalls

Mar 26 2007 // It’s been more than two weeks since Tennessee lawmakers vowed to press ahead with a compromise over medical malpractice lawsuits without support from health care lobbyists. The measure hasn’t advanced much...

La. lawmakers support overhaul of Citizens Insurance Company

Mar 26 2007 // Two Louisiana lawmakers said they support a plan to overhaul the state-backed insurance company by opening much of its business to bidding among private firms.Sen. James David Cain, chairman of the Senate Insurance...

News Currents

Mar 26 2007 // Lawsuit reform bills advance in Okla. SenateThe Oklahoma Senate recently passed three key lawsuit reform measures, according to a Senate announcement. Senate Republican leaders said they are negotiating with Senate...

New Mexico passes regulatory modernization bill

Mar 26 2007 // The New Mexico legislature has passed a bill that would establish a file and use rate regulatory system for most personal lines of insurance. The Insurance Rate Regulation Law, SB 483, applies to all kinds and lines of...

The New Frontier

Mar 26 2007 // Information technology companies may explore the new frontier everyday, but do they know where their exposures lie? Will they be ready for the next big liability risk close encounter?“Owners and or creators of IT...

The New Frontier: Hidden exposures and brewing claims in the tech liability field

Mar 26 2007 // Information technology companies may explore the new frontier everyday, but do they know where their exposures lie? Will they be ready for the next big liability risk close encounter?“Owners and or creators of IT...

S.C. Expands Wind Insurance Program Along Coast to More Insureds

Mar 26 2007 // A state-run insurance program has been expanded slightly to provide relief for some coastal homeowners grappling with skyrocketing premiums, and Gov. Mark Sanford and other lawmakers promised a tax-incentive plan to help,...

Handle customer data with care — it’s the law

Mar 26 2007 // Insurance agents and brokers constantly deal with customers’ personal information. Yet many in the industry may not be aware of the legal requirements for handling or storing this information.How should agents and...

New Mexico passes regulatory modernization bill

Mar 26 2007 // The New Mexico legislature has passed a bill that would establish a file and use rate regulatory system for most personal lines of insurance. The Insurance Rate Regulation Law, SB 483, applies to all kinds and lines of...

Top 10 ways for California surplus line brokers to avoid E&O exposures

Mar 26 2007 // Editor’s note: Although this article is geared toward California surplus line brokers, with small variations the same advice may be of help to surplus line and retail brokers in other states.Surplus line brokers...

Court ruling indicates claims made policy language ambiguous

Mar 26 2007 // A recent San Diego Superior Court ruling serves as a potential warning to legal malpractice insurers to review policy language to ensure their claims made policies can’t be more broadly construed as occurrence...

Workers’ compensation bills head to House floor in Colorado

Mar 26 2007 // The Colorado House Business Affairs and Labor Committee has approved two workers’ compensation bills: one affecting employee’s choice of physician and another affecting firefighters.House Bill 1176 would change...

Top 10 ways for California surplus line brokers to avoid E&O exposures

Mar 26 2007 // Editor’s note: Although this article is geared toward California surplus line brokers, with small variations the same advice may be of help to surplus line and retail brokers in other states.Surplus line brokers...

As hedge fund industry matures, so do its liability risks

Mar 26 2007 // There are three things you can be sure will happen during your time on earth: death, taxes and plaintiff’s attorneys chasing the money.Hedge funds have the money! However, hedge fund managers are the epitome of...

N.J. high court rules first responders can sue negligent property owners

Mar 26 2007 // The New Jersey Supreme Court ruled that when police and firefighters get hurt handling an emergency, they may sue and win compensation if negligence contributed to the injury.The unanimous decision found that a 1993 state...

Miss. Gov. Barbour Signs Wind Pool Premium Relief Bill

Mar 26 2007 // Gov. Haley Barbour signed a new law on March 22 designed to shore up Mississippi’s insurer of last resort and to bring economic stability to a state still recovering from Hurricane Katrina.After Katrina plowed across...

La. lawmakers support overhaul of Citizens Insurance Company

Mar 26 2007 // Two Louisiana lawmakers said they support a plan to overhaul the state-backed insurance company by opening much of its business to bidding among private firms.Sen. James David Cain, chairman of the Senate Insurance...