Latest Legislation Headlines

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

Insurer Argonaut, Reinsurer PXRE to Merge, Forming Argo Group

Mar 15 2007 // Argonaut Group, Inc., a specialty underwriter, and PXRE Group Ltd., a Bermuda-based property reinsurer, have agreed to a merger under which the combined entity will do business as Argo Group International Holdings...

Request Withdrawn for Judge to Approve Miss. State Farm Settlement

Mar 14 2007 // Some of the lawyers who helped negotiate a proposed settlement with State Farm Insurance Cos. over Hurricane Katrina damage claims withdrew their request Monday for a federal judge to approve the multimillion dollar...

Swiss Re to Alter Structure as EU Re Directive Deadline Approaches

Mar 13 2007 // Swiss Re announced plans to alter its current corporate structure within the European Union by forming three legal entities, based in Luxembourg.They “will serve as risk carriers for most of its European reinsurance...

Lobbyist Bill Takes Hold in Conn. Ethics Law

Mar 13 2007 // Gov. M. Jodi Rell and the Office of State Ethics announced a new educational campaign designed to inform the public about the practice of lobbying.The “Are You A Lobbyist?” campaign will help educate the public...

With Auto Surcharge Failing, Ore. Lawmakers Look to Lottery

Mar 13 2007 // With Ore. Gov. Ted Kulongoski’s proposed surcharge on auto insurance to pay for more state troopers not gaining any traction, some lawmakers are pushing for a proposal to set aside $65 million in lottery proceeds to...

Panel Approves Maine Bill Requiring “Fire-Safe” Cigarettes

Mar 12 2007 // A legislative panel has given its approval to a bill to require cigarette makers to sell only self-extinguishing cigarettes in Maine.The Criminal Justice and Public Safety Committee on Friday unanimously approved a bill...

La. Isn’t the Only Coastal State With Insurance Troubles

Mar 12 2007 // Eighteen months after the hurricanes, “crisis” is the term everyone uses to describe Louisiana’s insurance problems. The governor spends much of her time begging insurance companies to continue doing...

News Currents

Mar 12 2007 // Ohio legislators challenge governor’s veto on fraud damage limitsRepublican lawmakers had no legal authority to ask the Ohio Supreme Court to throw out a veto Democratic Gov. Ted Strickland carried out on his first...

News Currents

Mar 12 2007 // Nevada lawmakers debate policy on drug tests for injured workersInjured Nevada workers could face required drug tests to prevail in insurance disputes, under an industry-backed proposal debated by state legislators. The...

Beacon Mutual gets R.I. audit

Mar 12 2007 // Rhode Island officials have completed their audit of Beacon Mutual Insurance Co. and turned over the results to the workers’ compensation insurer. However it will be weeks before the public learns what is in the...

Number of catastrophe-related laws enacted rose significantly in 2006

Mar 12 2007 // State lawmakers ready to exceed or outpace last year’s totalEnacted catastrophe-related laws increased dramatically in the states last year, according to the annual survey of state insurance laws prepared by an...

Mass. health insurers agree on $175 a month plan under new law

Mar 12 2007 // The average uninsured Massachusetts resident could obtain health care coverage for as little as $175 a month under the state’s insurance law, Gov. Deval Patrick announced as he released the results of negotiations...

Judge Senter weighs binding arbitration in Miss. State Farm Katrina settlement

Mar 12 2007 // U.S. District Judge L.T. Senter Jr., the federal judge weighing competing plans to resolve thousands of disputed claims in Mississippi against State Farm Fire and Casualty Co. after Hurricane Katrina, held a hearing...

Protecting customer data under the Gramm-Leach-Bliley Act

Mar 12 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...

News Currents

Mar 12 2007 // Insurers lose steam in auto rate reg fightA California Superior Court judge has thrown out a lawsuit that challenged rules requiring auto insurers to base their rates primarily on drivers’ records instead of where...

Minn. Lawmakers Consider Bad Faith Proposals

Mar 9 2007 // Minnesota lawmakers are considering proposed legislation which would authorize additional legal action against insurers when investigating suspicious claims.The Property Casualty Insurers Association of America (PCI) say...

Reinsurers’ Group Says Regulation Goes Beyond Collateralization Issue

Mar 9 2007 // Franklin W. Nutter, president of the Reinsurance Association of America (RAA) said reinsurance regulation goes beyond the narrow issue of collateral, and is pleased that the National Association of Insurance Commissioners...

N.D. Flex Rating Proposal for Auto, Homeowners Advances

Mar 8 2007 // The North Dakota House Industry Business and Labor Committee unanimously approved legislation this week that would implement a 5 percent flex band rating system for automobile and homeowners insurance. The bill SF 2296...

Crist’s State of the State to Encourage Cooperation in Fla.

Mar 8 2007 // With a special session on insurance, a natural disaster and initiatives to make government more open and user friendly checked off his to-do list, Charlie Crist was set to outline the agenda for the rest of his first year...

Judge Rules Truck in Conn. Avon Mountain Crash Was Uninsured

Mar 7 2007 // A federal judge has ruled that the insurance company for a Bloomfield trucking company involved in a fiery fatal crash on Avon mountain does not have to pay victims and families of those killed.The ruling involves American...