Latest Legislation Headlines

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

Ballinger Describes Texas Stamping Office Operations to AAMGA University

May 23 2005 // Structural similarities and differences between stamping and service offices in the 15 stamping offices across the U.S. and how their markets differ were discussed by Phil Ballinger, executive director of the Surplus Lines...

News Briefs

May 23 2005 // JURY REACHES PARTIAL VERDICT IN EXECUTIVE LIFE CASE: A jury reached a partial verdict in the case involving the illegal takeover of failed insurer Executive Life Insurance Company on May 9, according to the Associated...

Could Washington Be Listening to Small Business?

May 23 2005 // Many of the greatest problems small businesses face are government-related, particularly something they call ‘unreasonable governmentregulation.’ There probably are few American small business owners who could...

PIFC: California Commissioner’s Proposed Homeowner Regs Flawed

May 23 2005 // There is not one statute in the entire Insurance Code of California that authorizes the insurance commissioner to adopt a proposed set of homeowners’ insurance regulations submitted to the Office of Administrative...

Alaska Workers’ Compensation Bill Goes into Overtime

May 23 2005 // An Alaska committee of House and Senate members was unable to hammer out a compromise plan to revise workers’ compensation laws, leaving work on the bill to be completed during a special session scheduled to take...

PCI: States Need to Take Uniform Approach on Finite Risk Inquiries, Rules

May 23 2005 // As an increasing number of state regulators conduct inquiries and tighten accounting rules and reporting requirements for finite reinsurance transactions, one P/C trade group is urging regulators to take a consistent...

Med-Mal in Washington – When Carriers and the Regulatory Body Cooperate

May 23 2005 // The medical malpractice market in Washington state has improved immensely in recent times, but the debate about tort reform is just getting started. Competing initiatives will be in front of voters this fall with the trial...

PIFC: California Commissioner’s Proposed Homeowner Regs Flawed

May 23 2005 // There is not one statute in the entire Insurance Code of California that authorizes the insurance commissioner to adopt a proposed set of homeowners’ insurance regulations submitted to the Office of Administrative...

Fla. Seeks ‘Answers’: AIG Entities Ordered to Provide Detailed Information

May 19 2005 // The Florida Office of Insurance Regulation has joined the ever-increasing tide of regulatory bodies seeking answers from American International Group Inc. AIG operates 43 licensed insurance entities in the State of...

Allstate Floridian Scaling Back on Risk; Applies to Drop 95,000 Homeowners

May 19 2005 // Allstate Floridian, the state’s third-largest provider of homeowners insurance has applied to the Florida Office of Insurance Regulation in Tallahassee to scale back its insurance risk in Florida by dropping 95,000...

New Permanent Disability Regulations to Reduce Workers’ Comp Rates

May 19 2005 // New permanent disability regulations will reduce the cost of workers’ compensation insurance pure premium rates by anywhere from three to 12 percent, said California Insurance Commissioner John Garamendi in a...

NAMIC Staff Directors Take ALEC Task Force Roles

May 18 2005 // Two National Association of Mutual Insurance Companies staff members have assumed new roles on task forces of the American Legislative Exchange Council (ALEC), a national organization of state legislators.During the state...

Mo. Bill Would Make Complaints Against Carriers Confidential

May 18 2005 // Among the many bills sent to Missouri Gov. Matt Blunt’s desk on the final day of the session is one that would make consumer complaints about insurance companies confidential.Supporters say the bill, HB 388, is about...

N.Y. Senate Confirms Mills as Insurance Superintendent

May 18 2005 // The New York State Senate confirmed today Governor George E. Pataki’s nomination of Howard Mills as Superintendent of the New York State Insurance Department. Mills has been serving as acting superintendent since...

Md. Set to Release Med-Mal Subsidy Funds to Doctors

May 17 2005 // Almost five months after the Maryland General Assembly passed legislation to reduce malpractice premiums for doctors in high-risk specialties, the Ehrlich administration is ready to release state funds that will be used to...

WCIRB To Make Amended Filing

May 17 2005 // In recognition of the cost impact of the new Permanent Disability Rating Schedule adopted pursuant to Senate Bill No. 899, California’s Workers’ Compensation Insurance Rating Bureau Governing Committee approved...

Florida Legislation: It’s More Than Hurricanes NAMIC Analysis Reveals

May 16 2005 // Although much of the attention during this year’s legislative session focused on hurricane-related issues, Florida lawmakers also succeeded in passing several other bills of interest to the insurance industry, a...

Vt. Doctors Call for Med-Mal Action

May 16 2005 // Sharp increases in medical malpractice insurance premiums are prompting Vermont doctors to call for the Legislature to limit payouts in malpractice lawsuits and take other steps to rein in costs.“While medical...

Motorist Financial Responsibility Legislation Passes Texas House

May 16 2005 // Legislation establishing a program to improve enforcement of motorists’ financial responsibility obligations passed the Texas House of Representatives, according to its sponsor, Rep. Bill Callegari...

N.D. Comp Agency Outlines Impact of New Legislation

May 15 2005 // North Dakota employers, workers and medical providers will all be affected by workers’ compensation legislation enacted by the legislature, according to a statement released by state’s monopoly insurer,...