Latest Legislation Headlines

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

NAPSLO Prepares for Record Attendance at Annual Conference

Sep 5 2005 // Leadership Says Surplus Lines Industry in Good Shape; Ready for Softer MarketAs the National Association of Professional Surplus Lines Offices gathers in San Francisco this month (Sept. 14-18) for its annual national...

Finding Solutions to the Industry’s Compliance Requirements

Sep 5 2005 // Technology Initiatives Can Help Carriers Enhance Regulation StrategiesCompliance requirements for the insurance industry have changed radically in the last three years, including the The Patriot Act and Sarbanes Oxley...

CREDIT-BASED INSURANCE SCORING ESSENTIAL IN ALASKA:

Sep 5 2005 // In response to proposed regulations that would prohibit the use of credit-based insurance scoring in the renewal of insurance policy underwriting, NAMIC testified on Aug. 30 at an Alaska Division of Insurance hearing that...

Mass. Auto Insurance Rates: How Low Will They Go for Next Year?

Sep 5 2005 // As the wheel that sets 2006 auto insurance rates in Massachusetts begins spinning, there is no doubt it will be pointing at a negative number when it comes to rest in about two months.The real mystery is just how negative...

Budget Office Figures Federal Asbestos Fund Too Small to Pay All Claims

Sep 5 2005 // The Congressional Budget Office has estimated that the federal $140 billion asbestos compensation fund being considered by Congress could be too small to cover claims over the next 50 years.The Fairness in Asbestos Injury...

By Andrew G. Simpson

Sep 5 2005 // A New York excess lines insurance broker’s use of “sham declinations” to skirt the law on placing coverage with a non-admitted carrier could cost the broker a lot more than just regulatory fines, if a...

Fla. Lawmakers Voice Support for National CAT Fund

Sep 1 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.) have voiced their support for a national catastrophe fund that insurance companies would establish to provide extra funding in the event of...

R.I. Limits Teen Drivers’ Passengers

Aug 28 2005 // The Rhode Island Division of Motor Vehicles sent out letters this weekend to 11,000 new teenage drivers in Rhode Island alerting them to a new law that limits the number of underage passengers who can ride with them.There...

PCI Says: N.C. Legislature Passed Important Workers’ Comp Reforms

Aug 26 2005 // As North Carolina lawmakers prepare for adjournment after a long session, they can claim credit for passing important reforms to the state’s workers compensation system and identity theft protection legislation this...

N.J. Gov. Codey Signs Major Dormitory Safety Legislation

Aug 26 2005 // Acting New Jersey Gov. Richard J. Codey has signed legislation to prohibit smoking in public and private college and university dormitories.“Today we are creating safer, healthier residence halls,” Codey said....

Utah Supreme Court Rules on Status of WCF Ownership

Aug 25 2005 // The Utah Supreme Court has declared that Workers Compensation Fund’s assets are owned by policyholders, not the State of Utah. The ruling in favor of WCF settles long-standing challenges by the State of Utah and...

Del. Captive Insurance Association Applauds New State Legislation

Aug 25 2005 // At a ceremonial bill signing held earlier in the week, the Delaware Captive Insurance Association (DCIA) commended the Delaware General Assembly and Delaware Gov. Ruth Ann Minner for the recent passage of House Bill 218,...

WIAA Invited to Submit Testimony on Latest Addition to Garamendi Agenda

Aug 24 2005 // D’Arelli Says “Here They Go Again” Rancho Cordova…The California Department of Insurance has invited leaders within the insurance industry to participate in “prenotice discussions”...

Fla. Task Force Begins Talks on How to Solve Hurricane Insurance Crisis

Aug 24 2005 // A 12-member Task Force on Long-Term Solutions for Florida’s Hurricane Insurance Market meets today in Tallahassee to discuss how to help Floridians obtain hurricane insurance, amid complaints that consumers...

Mass. Commissioner Appeals Court Ruling That Blocked Auto Changes

Aug 24 2005 // The Romney Administration has decided to appeal a June court ruling that found that the state’s insurance commissioner exceeded her authority when she tried to change the state’s auto insurance residual...

Ill. Gov. Signs Law Improving Safety in High-Rise Buildings

Aug 24 2005 // Illinois Gov. Rod Blagojevich recently signed legislation to help ensure that people do not get trapped in stairwells of new hotels, schools and other high-rise public assembly buildings during fires. The legislation is in...

CDI to Introduce Third Revision of Broker Fiduciary Regs, Says Alliance

Aug 24 2005 // Although yet to be unveiled, it appears the California Department of Insurance will be introducing the third iteration of its broker fiduciary responsibility regulations.American Agents Alliance Executive Director Ken...

AIA Urges Colo. Legislators to Consider Non-Auto Insurance Options to Provide Funding for Trauma Care

Aug 23 2005 // The American Insurance Association urged Colorado legislators to consider several viable non-auto insurance options for providing additional funding for trauma care, as needed, to address the shortfalls that arise for...

Pa. Gov. Rendell Urges State Pick Up National Guard Life Insurance Tab

Aug 22 2005 // Pennsylvania Gov. Ed Rendell has urged state legislators to pass a law to have the state pay for the life insurance premiums for National Guard soldiers and airmen on active duty, and a leading Republican senator said he...

Claims History Model Act Now in Hands of State Legislators

Aug 22 2005 // NCOIL Model Addresses Use of Claims, Inquiries in Underwriting HomeownersConsumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel...