All the headlines from our Legislation Topic Page, ordered by recency.
Nov 20 2006 // H.R. 5637, the Nonadmitted and Reinsurance Reform Act, would:— Give sole regulatory and enforcement authority to the insured’s home state for the placement of surplus lines/nonadmitted insurance; — Create...
Nov 20 2006 // The new Congress may be blue on Capitol Hill, but insiders say that’s not necessarily a bad color for the insurance industry.“The more things change, the more they may remain pretty much the same,” said...
Nov 19 2006 // With Democratic majorities in the House and Senate, we’ll likely see action on a number of insurance issues.Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of...
Nov 19 2006 // With Democratic majorities in the House and Senate, we’ll likely see action on a number of insurance issues.Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of...
Nov 19 2006 // Some brokers have taken steps to protect themselves, asking clients to sign agreements to hold them harmless if they elect to obtain coverage from a trust. Their concern relates to the insolvency exclusion of self insured...
Nov 19 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...
Nov 19 2006 // Newcomer Sink, veteran Oxendine elected key insurance playersA veteran Republican Georgian commissioner and a Democratic novice Florida financial chief promise to play key roles in insurance issues in the Southeast in the...
Nov 19 2006 // With Democratic majorities in the House and Senate, we’ll likely see action on a number of insurance issues.Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of...
Nov 19 2006 // With Democratic majorities in the House and Senate, we’ll likely see action on a number of insurance issues.Although it took a little time for all the votes to be counted, the 2006 midterm elections saw a wave of...
Nov 19 2006 // Calif. associations take issue with broker definition, OAL to weigh inThe California Office of Administrative Law (OAL) has decided to accept a petition filed by Insurance Brokers and Agents of the West (IBA West)...
Nov 19 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...
Nov 19 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...
Nov 19 2006 // News CurrentsThe new Congress may be blue on Capitol Hill, but insiders say that’s not necessarily a bad color for the insurance industry. “The more things change, the more they may remain pretty much the...
Nov 19 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...
Nov 17 2006 // A federal judge has ruled that a Gulf Coast couple can sue their insurance agent for negligence after he allegedly allowed their flood insurance policy to lapse only days before Hurricane Katrina wrecked their home.Michael...
Nov 17 2006 // Connecticut Insurance Commissioner Susan Cogswell has warned independent agents in her state that they should expect to see legislation to restrict or wipe out their contingent commissions.She said that legislation should...
Nov 15 2006 // Insurance carriers, agencies, and producers will be able to connect with the South Dakota Department of Revenue and Regulation, Division of Insurance 24 hours a day, thanks to an agreement signed recently with a national...
Nov 15 2006 // Massachusetts Gov. Mitt Romney (R) has signed legislation that creates a high net worth exclusion into the state law governing the fund that covers claims when an insurer becomes insolvent.A high net worth policyholder is...
Nov 14 2006 // To combat problems created by uninsured drivers, Nebraska State Sen. Ray Aguilar of Grand Island plans to introduce legislation next year that would create a driver’s certificate.The certificate would allow a person...
Nov 13 2006 // Six lawsuits against insurance companies over damage claims from Hurricane Katrina once set for trial in 2007 have been delayed by U.S. District Judge L.T. Senter Jr.Senter also says he is willing to consider consolidating...