All the headlines from our Legislation Topic Page, ordered by recency.
Oct 28 2005 // The California Department of Insurance has agreed to delete a controversial section of proposed regulations that would have required insurers to notify CDI whenever a notice of agency appointment was terminated “for...
Oct 27 2005 // Insurance companies and HMOs in Michigan would be required to offer financial incentives that reward people for healthy behavior under legislation introduced Thursday in the state Senate, according to Associated Press.Sen....
Oct 27 2005 // The Indiana Supreme Court today 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 the...
Oct 26 2005 // Chubb’s reinsurance business will be moving to Bermuda in a three-way transaction. The Chubb Corporation and the investment firm Stone Point Capital LLC announced the formation of Harbor Point Limited, a global...
Oct 26 2005 // Taking up the banner for the current state-based insurance regulatory system in the face of sometimes hostile critics, Maine Superintendent of Insurance Alessandro Iuppa defended the system and approaches taken by the...
Oct 26 2005 // Ten New York State Insurance Department employees and five from the New York State Division of Criminal Justice Services have been presented with the Governor’s Office of Employees Relations’ Workforce...
Oct 25 2005 // The Alliance of Insurance Agents and Brokers is warning California agents and brokers that the Department of Insurance (DOI) is drafting another new set of proposed regulations to impose fiduciary duties, disclosure of...
Oct 24 2005 // Standard & Poor’s Ratings Services has published a study of the effects of new regulations on European insurers, which concludes that the regulations and structural developments within the sector “are...
Oct 24 2005 // Travis County, Texas, District Judge Stephen Yelenosky has extended until Dec. 12 an injunction prohibiting Allstate Insurance Company from denying claims related to Hurricane Rita, the Austin American-Statesman...
Oct 24 2005 // Although Congressional attention has been diverted by fallout from Hurricanes Katrina and Rita, key members of the House are “totally committed” to the reauthorization of the Terrorism Risk Insurance Act...
Oct 21 2005 // Lloyd’s CEO Nick Prettejohn, in what may be his last major address as Lloyd’s CEO (See IJ Web site Oct. 17 and 18), told those assembled for the ACORD Forum in London that underwriting discipline continues to...
Oct 21 2005 // President George W. Bush is expected to sign into law a bill to shield the gun industry from most lawsuits filed by victims of gun crimes.The House approved the bill by a bipartisan vote of 283 to 144, with 59 Democrats...
Oct 20 2005 // Illegal immigrants injured on the job are entitled to workers’ compensation benefits despite their legal status, a California state appeals court ruled.The 2nd District Court of Appeal ruled in a case involving...
Oct 20 2005 // Despite the passing of the Sarbanes-Oxley legislation three years ago, more than half (55%) of U.S. investors think that the financial and accounting regulations governing publicly held companies are too lenient, according...
Oct 20 2005 // California Insurance Commissioner John Garamendi has announced a new Special Investigative Unit (SIU) regulations for insurance carriers licensed to conduct business in California. The new regulations are a result of a...
Oct 19 2005 // A government report has found that the Federal Emergency Management Agency, which administers the national flood insurance program, has not fully implemented reforms mandated by Congress in 2004, including improved...
Oct 18 2005 // Washington, D.C. Mayor Anthony Williams has appointed Thomas Hampton as the Acting Commissioner of D.C.’s Department of Insurance, Securities and Banking, succeeding Commissioner Lawrence Mirel, who left recently for...
Oct 18 2005 // New York Superintendent of Insurance Howard Mills joined with Assemblyman Jeff Brown (R-Manlius) to call on the New York State Assembly to pass tougher no-fault auto insurance fraud legislation.The two called for...
Oct 17 2005 // Part 2: Spitzer Stresses Enforcement as Key to Fair CompetitionNew York Attorney General Eliot Spitzer has made a name for himself exposing fraudulent and anti-competitive business practices in the securities, mutual fund...
Oct 17 2005 // State workers’ compensation claims and disability costs have dropped significantly since California’s workers’ compensation system was overhauled in 2003 and 2004, according to the Workers’...