Latest Legislation Headlines

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

Mich. Gov. Seeks 20% Reduction on Auto, Homeowners

Oct 10 2005 // Michigan Gov. Jennifer Granholm and Democratic lawmakers want to give homeowners and motorists a 20 percent cut in their insurance rates, a move the insurance industry says isn’t justified.Granholm and lawmakers plan...

Educational Seminar Kicks Off Big ‘I’ of W.Va.’s Annual Conference

Oct 7 2005 // An educational seminar on “Glitches, Hitches and Fixes,” by Fred Macy of Gray Wolf Insurance Seminars kicks off the Friday afternoon opening of the Professional Independent Insurance Agents and Brokers of...

Judge Throws Out $700 Million Jury Award in Executive Life Suit

Oct 7 2005 // A federal judge has thrown out a $700 million (euro586 million) award for punitive damages won by the state of California in a lawsuit stemming from the takeover of failed insurer Executive Life by French investors.U.S....

Ethical business practices essential to success in today’s marketplace

Oct 3 2005 // Many insurance companies are discovering a basic truth. Integrity in business is more than just the right thing to do–it is critical to success in an increasingly complex and dynamic marketplace.When I look at where...

JUDGE UPHOLDS JOINT, SEVERAL LIABILITY

Oct 3 2005 // Franklin Circuit Court Judge William L. Graham has ruled in Frankfort, Ky., that members of the failed workers’ compensation self-insured group AIK Comp are liable for the deficit in its fund.The ruling affirms the...

Ethical Business Practices Essential to Success in Today’s Marketplace

Oct 3 2005 // Many insurance companies are discovering a basic truth. Integrity in business is more than just the right thing to do–it is critical to success in an increasingly complex and dynamic marketplace.When I look at where...

Competition, Regulation and Katrina a Concern at PLUS D&O Symposium

Oct 3 2005 // Wrapping up the PLUS D&O West Symposium held Sept. 13-14 in San Francisco, senior management personnel from insurers, brokerage firms, corporations and law firms concluded that competition is shaping the current and...

Distinguishing between Main Street and Wall Street

Oct 3 2005 // Agent Compensation Disclosure:Illinois’ Department of Insurance is continuing to investigate the commission practices of its independent agents, and the rest of the country is keeping an eye on what’s happening...

Competition, Regulation and Katrina a Concern at PLUS D&O Symposium

Oct 3 2005 // Wrapping up the PLUS D&O West Symposium held Sept. 13-14 in San Francisco, senior management personnel from insurers, brokerage firms, corporations and law firms concluded that competition is shaping the current and...

News Briefs

Oct 3 2005 // CALIFORNIA ACIC OPPOSES PROPOSED CDI REGULATIONS: The Association of California Insurance Companies recently testified on proposed Department of Insurance regulations. According to Jeff Fuller, executive vice president and...

Ethical Business Practices Essential to Success in Today’s Marketplace

Oct 3 2005 // Many insurance companies are discovering a basic truth. Integrity in business is more than just the right thing to do-it is critical to success in an increasingly complex and dynamic marketplace.When I look at where we are...

The artisan contractors market on the rise

Oct 3 2005 // As the United States’ total population creeps up on the 300 million mark, no one can call the residential construction industry a dying breed. The continuous need for housing is apparent in the nation’s fastest...

News Briefs

Oct 3 2005 // N.Y. AG Indicts Former Marsh Execs: New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills announced the indictment of eight former executives of insurance brokerage giant Marsh Inc. for their...

Judge Orders Conn. Trucking Firm Owner to Court

Oct 2 2005 // The owner of a Bloomfield trucking company involved in a fatal 20-vehicle crash this summer in Avon has been ordered to appear in court and bring with him financial records for the past year.The order on Friday came two...

Fla. Personal Lines Advisory Committee Slates First Meeting

Sep 30 2005 // The first meeting of a new 10-member Standard Personal Lines Advisory Committee, assigned to develop a standard homeowners insurance policy for Floridians that is easy to understand and offers comprehensive coverage, will...

PIA Legislative Update: Agents Have Until March to Make Recommendations to Florida’s Hurricane Task Force

Sep 30 2005 // Legislative changes effecting property insurance that took place this year in the Florida Legislature were discussed by Keri Rayborn, Rayborn Consultants, and Ron Villella, PIA’s government affairs director, during a...

Melancon to Join Taylor on Retroactive Flood Insurance Bill

Sep 30 2005 // U.S. Rep. Charlie Melancon of Louisiana said he will co-sponsor Rep. Gene Taylor’s legislation allowing home and business owners without flood insurance when Hurricane Katrina struck to receive compensation...

IIAG Slates Educational Events to Meet Georgia CE Requirements

Sep 30 2005 // A series of educational events, being sponsored by the Independent Insurance Agents of Georgia to enable members to meet new state continuing education requirements have been scheduled in October.A new Georgia Insurance...

Calif. Court Strikes Down Persistency Discount Law

Sep 30 2005 // A state appeals court has struck down a law that consumer advocates said would result in higher auto insurance rates for many low-income motorists and discourage uninsured drivers from getting coverage.A three-judge panel...

ACIC Disappointed by Court’s Ruling Regarding Driver Discounts

Sep 29 2005 // The Association of California Insurance Companies (ACIC) said it is disappointed by this week’s Court of Appeal ruling that struck down a 2003 state law that allows insurers to discount auto insurance premiums,...