Latest Legislation Headlines

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

Big ‘I’ Says Reform Needed for National Flood Insurance Program

Jul 12 2005 // The Independent Insurance Agents & Brokers of America (the Big “I”) praised the House Subcommittee on Housing and Community Opportunity for holding a hearing on the future of the National Flood Insurance...

Swiss Re Tabs Hall as VP and Regulatory Counsel for Govt. Relations and Public Policy

Jul 12 2005 // Swiss Re has named Debra Hall to the newly-created position of vice president and regulatory counsel, Government Relations and Public Policy. Hall, who is responsible for working with government and industry officials on...

N.H. Gov. Lynch Signs Big Changes for Small Group Health into Law

Jul 7 2005 // Surrounded by supporters, Gov. John Lynch this week signed into law a bill that promises to dramatically change the way health insurance companies set rates for small businesses in New Hampshire.Lynch said he was satisfied...

Alaska Gov. Attaches Workers’ Comp Strings to Budget Appropriations

Jul 6 2005 // Lawmakers made sure Angoon got a taste of the oil-wealth bounty in this year’s capital budget by earmarking money for a search-and-rescue boat, a fire truck, a snow plow and renovations to the community hall.But when...

CII Warns EC Directive Could Hamper Flood Risk Management

Jul 5 2005 // The U.K.’s Chartered Insurance Institute (CII) notes that “legislation to implement the EC Water Framework Directive could seriously limit our ability to implement flood management schemes in future.”The...

Conn. Treasurer Touts Turnaround in Debt-Ridden Second Injury Fund

Jul 5 2005 // Connecticut has eliminated the projected 20-year debt of its Second Injury Fund for workers’ compensation claimants in just six years by paying off the final $48 million late last week, the state treasurer...

No Accord by Ore. Lawmakers on Doctor Insurance Problems

Jul 5 2005 // Legislators have failed to reach agreement on how to ease doctors’ high insurance costs, so the issue may go before voters for a second time.“Neither side will give,” said Democratic Sen. Alan Bates, an...

Bill Aims for Ore. Taxpayers to Cover More Costs of Fires on Private Forests

Jul 5 2005 // Taxpayers would shoulder more of the burden of shielding Oregon’s private forests from fires under a bill that won approval from the Oregon House this week.The legislation, which now heads to the Senate, is an...

Standard & Poor’s Annual Insurance Conference

Jul 4 2005 // Top Corporate Executives Stress Moving Beyond SpitzerDespite recent adversity and scrutiny faced by the insurance industry, financial ratings for companies appear on the upswing. “For the first time that I can...

International Newsbriefs

Jul 4 2005 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...

For Mutuals, SOX Rules Don’t Fit

Jul 4 2005 // Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance...

FAIA ‘Roundups’ Analyze Florida Legislation, Its Impact

Jul 4 2005 // A summary and analysis of 2005 Florida legislation and its impact on the insurance industry, including detailed analyses of SB 1912, SB 530, SB1486, HB 501, HCB 6001 and HB 19 were presented to Florida Association of...

Disclosure, Marketing Dominate Young Brokers and Agents Conference

Jul 4 2005 // Agents and brokers must unite and work together so that their industry is able to flourish despite recent challenges involving broker disclosure, participants learned at IBA West’s Young Brokers and Agents Conference...

ACIC OPPOSES CREDIT BILL:

Jul 4 2005 // The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The bill is SB 603 by Sen....

FEDERAL JUDGES ORDER CLAIMANTS TO REIMBURSE FEMA

Jul 4 2005 // Quiana Riggins and Lesley Johnson have been ordered by the U.S. District Court in Miami to repay the Federal Emergency Management Agency for funds they received after filing false hurricane damage claims.Riggins and...

Workers’ Compensation Reform: A Tale of Two States

Jul 4 2005 // The cries for meaningful workers’ compensation reforms have reverberated in the halls of the capitol buildings in Austin and Oklahoma City for many years. Session after session the respective legislatures tinkered...

GOV. SIGNS FRAUD LEGISLATION

Jul 4 2005 // Texas Gov. Rick Perry has signed legislation making it tougher on criminals who commit insurance fraud in the state, according Texas Committee on Insurance Fraud, which strongly supported the measures.Senate Bill 871 by...

CAS Attendees Hear of Positive Trends from Calif. Workers’ Comp Reforms

Jul 4 2005 // Insurers, and especially self-insurers, are seeing positive trends as a result of the workers’ compensation reforms in California, experts on the subject told attendees at the recent Casualty Actuarial Society Spring...

Calif. Commissioner Discusses Workers’ Comp, Homeowners’ Insurance

Jul 4 2005 // California Insurance Commissioner John Garamendi recently took time out from his schedule to chat with Insurance Journal Online Editor Dave Thomas regarding SB 938, “use it and lose it” practices against...

Who’s Afraid of a Little Competition?

Jul 4 2005 // Five or fewer insurers control at least three-quarters of the small-group insurance market. This lack of competition contributes to double-digit premium increases for many small businesses and forces an increase in the...