Latest Legislation Headlines

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

Ameriplan Settles Fraud Allegations for $200,000

Nov 22 2006 // Montana State Auditor John Morrison announced he has reached a settlement agreement with AmeriPlan to resolve allegations of insurance and securities fraud. In July, Morrison issued a cease and desist order after charging...

Regulators Seeking New Ethics Disclosure from Senior Managment

Nov 22 2006 // With inception in 2007, insurers filing the National Association of Insurance Commissoners’ (NAIC) annual statement will be subject to a new interrogatory on existence and applicability of codes of ethics.Originating...

Judge Slashes Pay for CEO of Ala.-based Vesta Insurance

Nov 21 2006 // A bankruptcy judge slashed the monthly salary of Vesta Insurance Group chief executive David Lacefield to $15,000, siding with creditors who claimed he was making too much as the company is liquidated.U.S. Bankruptcy Judge...

Calif. Agents Oppose Expanded Commissioner Control over Licensing

Nov 21 2006 // Insurance Brokers and Agents of the West (IBA West) has testified in opposition to new proposed regulations that would expand the California Insurance Commissioner’s authority to deny, suspend or revoke broker-agent...

Judge Allows Age Bias Suit Against TD Banknorth

Nov 20 2006 // An age discrimination lawsuit filed by a former employee of TD Banknorth can go forward, a federal judge has ruled.U.S. District Judge William Sessions III ruled that the case filed by Anita Petroziello of Colchester,...

Blanco to Call Special Insurance Session Scheduled for December

Nov 20 2006 // Lawmakers will return to Louisiana’s Capitol for a rare December special session to work on insurance relief for property owners, tax cuts, road improvements and pay raises for teachers, police and firefighters, Gov....

Fine Appointed as Ark. Workers’ Comp Commission Judge

Nov 20 2006 // O. Milton Fine II, a longtime attorney on Gov. Mike Huckabee’s staff, is the Arkansas Workers’ Compensation Commission’s newest Administrative Law Judge, the AWCC reported.The AWCC is administrator of the...

Power shift in the political landscape

Nov 20 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...

Conn. high court rules liability waiver

Nov 20 2006 // Requiring a worker to sign a liability waiver does not give blanket immunity to employers if that person is later hurt on the job, the state Connecticut Supreme Court has ruled.The ruling said the waivers do not protect...

N.Y. workers’ comp trusts: rising prices and broker concerns

Nov 20 2006 // N.Y. workers’ comp trusts: rising prices and broker concernsThe inadequate rates that many of New York’s workers’ compensation self-insured trusts charge may increase effective Jan. 1, 2007 due to...

‘J.A.I.L. for Judges’ amendment soundly defeated in S.D.

Nov 20 2006 // The American Insurance Association (AIA) and the National Association of Mutual Insurance Companies (NAMIC) said that common sense triumphed in South Dakota with the sound defeat of Amendment E, the so-called...

IIABA president: contingency commission crisis threatens agents

Nov 20 2006 // For a small to midsized independent insurance agency, contingency commissions can determine whether the business survives, according to many within the industry.That explains why Alex Soto, a Miami agent who is also...

Power shift in the political landscape

Nov 20 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...

Power shift in the political landscape

Nov 20 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...

Newcomer Sink, veteran Oxendine elected key insurance players

Nov 20 2006 // A veteran Republican Georgian commissioner and a Democratic novice Florida financial chief promise to play key roles in insurance issues in the Southeast in the years ahead as a result of the midterm elections.When the...

Power shift in the political landscape

Nov 20 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...

Calif. associations take issue with broker definition, OAL to weigh in

Nov 20 2006 // The California Office of Administrative Law (OAL) has decided to accept a petition filed by Insurance Brokers and Agents of the West (IBA West) requesting review of the outgoing Insurance Commissioner John...

IIABA president: contingency commission crisis threatens agents

Nov 20 2006 // For a small- to mid-sized independent insurance agency, contingency commissions can determine whether the business survives, according to many within the industry.That explains why Alex Soto, a Miami agent who is also...

Power shift in the political landscape

Nov 20 2006 // Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of Democratic candidates wrest control of both houses of Congress, gain a majority of the governorships and take control...

SPECIAL REPORT: Surplus Lines

Nov 20 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...