All the headlines from our Legislation Topic Page, ordered by recency.
Nov 20 2005 // The Indiana Supreme Court last month ruled that insurance policies are not obligated to compensate damaged property for decline in value of the property after adequate repairs have been made. The insurance industry views...
Nov 20 2005 // Insurers like writing commercial auto business, and most lines of business, in the Midwestern states because of market stability and a favorable legislative and regulatory climate. But even in this typically stable line of...
Nov 20 2005 // Eaton v. Continental Casualty Co. (California Court of Appeals, 2nd District, Sept. 15, 2005)Ruling: The court held that the insured’s suit against an excess insurer was not barred by the four-year statute of...
Nov 20 2005 // California Insurance Commis-sioner John Garamendi has announced that he will halt efforts to adopt new regulations imposing fiduciary duties and mandatory disclosure regulations on insurance agents and brokers.“We...
Nov 20 2005 // CaliforniaGovernor’s Measures Defeated in Special Election California’s special election battle, the costliest campaign in the state’s history, roared to a close in November, much to the chagrin of Gov....
Nov 18 2005 // Moving just days after committees in the House and Senate advanced terrorism insurance bills, the full U.S. Senate today passed its version of the Terrorism Risk Insurance Extension Act of 2005 (S. 467).By a voice vote,...
Nov 18 2005 // The Louisiana Senate took the first steps in ensuring the rebuilding of a stronger Louisiana by passing legislation that will create a mandatory and uniform statewide building code. During the second week of a special...
Nov 18 2005 // Florida’s Chief Financial Officer Tom Gallagher has advocated several federal and state solutions for avoiding an insurance market meltdown, including the creation of a National Catastrophe Fund. Today, Florida...
Nov 17 2005 // A Rhode Island judge in a Providence courtroom called a prosecutor’s question to a witness prejudicial and irrelevant, but refused on this week to declare a mistrial in the state’s lawsuit against the companies...
Nov 17 2005 // The Illinois Supreme Court today ruled that a lawsuit brought in Illinois by a Louisiana plaintiff did not belong in an Illinois state court.In Gridley v. State Farm , the high court remanded the issue to the circuit court...
Nov 16 2005 // The Louisiana Department of Insurance released the following statement by Commissioner of Insurance Robert Wooley to the Louisiana Legislature expressing his support for the establishment of statewide uniform building code...
Nov 16 2005 // Business insurance consumers represented by the multi-industry Coalition to Insure Against Terrorism have expressed their support for federal terrorism insurance legislation that will be marked up by the House Committee on...
Nov 16 2005 // Massachusetts Gov. Mitt Romney and Attorney General Tom Reilly sparred over auto insurance this week, with Reilly saying the governor’s reform plan would create chaos for drivers and Romney accusing Reilly of failing...
Nov 15 2005 // After weeks of television ads by warring factions of insurance companies and public forums on the road by some legislators, the Massachusetts Financial Services Committee today will hold the first public hearing at the...
Nov 14 2005 // The Property Casualty Insurers Association of America (PCI) has applauded West Virginia Gov. Joe Manchin for calling a special session of the State Legislature in order to finalize any remaining details of the...
Nov 14 2005 // State insurance regulators, industry representatives, catastrophe experts and consumer representatives are convening in San Francisco on Tuesday for a two-day summit in to help devise a national catastrophe insurance...
Nov 10 2005 // A survey of challenges facing chief risk officers and senior risk managers, sponsored by the ACE Group of Companies, reportedly demonstrates that senior risk managers are becoming increasingly worried about identify theft...
Nov 10 2005 // New York officials are not planning to ban contingent commissions for agents and brokers but will issue regulations requiring them to disclose their compensation to clients.Superintendent of Insurance Howard Mills recently...
Nov 9 2005 // Back-to-back insurance rate increases averaging 20 percent for non-hurricane premiums and 32 percent for wind-only premiums could be requested by Citizens Property Insurance Corp.’s board of directors after it meets...
Nov 9 2005 // A new study suggests that the high cost of auto insurance in Massachusetts should be blamed on bad government, not bad drivers.The state’s rate setting system encourages drivers to file too many minor accident...