Latest Legislation Headlines

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

Midwest FEATURE: Market Spotlight on Illinois and Ohio

Sep 19 2005 // Although the insurance industry – and the rest of us – are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...

Midwest FEATURE: Market Spotlight on Illinois and Ohio

Sep 19 2005 // Although the insurance industry – and the rest of us – are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...

Fla. Lawmakers Nelson, Foley Voice Support for National CAT Fund

Sep 19 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.), have voiced support for a national catastrophe fund insurance companies would establish to provide extra funding in the event of...

Indiana Targets Insurance for Economic Development

Sep 19 2005 // Former insurance industry advocate Mike Chrysler has recently been appointed as the Indiana Economic Development Corporation’s (IEDC) Director of Insurance Initiatives.Chrysler, an Indiana native and former assistant...

Texas’ Workers’ Comp Reform Takes Effect, Deemed a ‘Win-Win’ for All

Sep 19 2005 // Conference panelists remain hopeful legislation will help state’s troubled system.The Insurance Council of Texas recently held its 2005 workers’ compensation conference in Austin, Texas, where different...

News Briefs

Sep 19 2005 // UTAHUTAH SUPREME COURT RULES WCF ASSETS NOT OWNED BY STATE: The Utah Supreme Court has declared that Workers Com-pensation Fund’s assets are owned by policyholders, not the state. The ruling in favor of WCF settles...

Two to Watch

Sep 19 2005 // The old saying goes, “No man’s life, liberty or property are safe while the legislature is in session.” We can all breathe easier and let the children out of the house, now that the Texas Legislature is...

Alliance Offers New Programs at 2005 Conference & Expo

Sep 15 2005 // A “Launching Pad” where companies will be displaying their new products and services is just one of many new features that will highlight “Partnering for Success,” the American Agents Alliance 2005...

AIA Pleased with Results of 2005 Calif. Legislative Session

Sep 14 2005 // The California legislature adjourned sine die on Thursday, Sept. 8, 2005, and the American Insurance Association is pleased with the overall results.“When the session began in January, insurers faced numerous onerous...

IBA West Urges CDI To Change Producer Name Regulations

Sep 14 2005 // IBA West has urged the California Department of Insurance (CDI) to make changes to potential regulations that would specify the criteria used by CDI for approving or rejecting insurance producers’ business...

Vt. Eases Red Tape For State’s Financial Firms With Katrina Customers

Sep 14 2005 // Vermont financial providers that have been displaced due to Hurricane Katrina, or have customers who have been displaced, will find it easier to conduct business with one another thanks to a regulatory order from the...

RRGs Need Uniform Rules, Better Member Safeguards, Argues Federal Report

Sep 14 2005 // State insurance regulators should adopt consistent standards for risk retention groups and Congress should consider continuing the RRG exemption from state insurance laws only in states that adopt the new standards....

AIA Urges Calif. Gov. to Veto Legislation Unraveling 2004 Comp Reforms

Sep 14 2005 // The American Insurance Association is urging Gov. Arnold Schwarzenegger (R) to veto SB 1023, authored by Senator Joe Dunn (D). This measure rolls the clock back by reinstating redundant penalties that were eliminated in...

Nev. Lawmakers Concerned about Public Employee Benefit Program

Sep 12 2005 // State legislators griped that they’re getting too many complaints about the insurance benefit program for Nevada’s public employees.“We all continue to get flooded with concerns,” said Assemblywoman...

S.D. Court Rules Insurance Covers Repair, Not Value

Sep 9 2005 // Siding with a majority of courts in other states, the South Dakota Supreme Court ruled unanimously that auto insurers cannot be forced to pay policyholders for the lost market value of wrecked vehicles that have been...

N.Y. Court Awards No-Fault Damages Despite Late Notice to Insurer

Sep 7 2005 // A New York trial judge has dealt a blow to New York State’s timely insurance no-fault auto insurance notice requirement, under which insurers can deny coverage if a claim is not filed within a set period.Following a...

R&M Adds Course on Prevention of Money Laundering

Sep 7 2005 // Dublin-based Research and Markets has added an E-Learning Course on Anti-Money Laundering to their offering.The offering consists of “a Library of 6 courses covering the aspects of money laundering and initiatives...

California Workers’ Comp Bill Tabled

Sep 7 2005 // A bill aimed at closing a loophole in California’s workers’ compensation laws that allows doctors to profit from big markups on prescription drugs they sell to their patients appears has died in the current...

Sirius Settles With Fla. Office of Insurance Regulation

Sep 7 2005 // Sirius International Insurance Corp., a wholly-owned subsidiary of White Mountains Insurance Group, has been barred by the Florida Office of Insurance Regulation from doing business in Florida until it meets all of the...

Target Insurance Offers New Lawyers PL Program from The Hartford

Sep 6 2005 // Target Insurance Services and The Hartford Financial Services Group, Inc. has introduced a new Lawyers Professional Liability Program that provides broad coverage customized to the needs of each law firm.The program is...