All the headlines from our Legislation Topic Page, ordered by recency.
May 5 2005 // Resisting efforts to impose new regulatory mandates, the Maryland legislature’s enactment of seven bills to enhance the state’s teen driver graduated licensing statutes and provide stricter provisions for...
May 5 2005 // IBA West submitted written testimony expressing strong opposition to the revised “Broker Fiduciary Duties” regulations proposed by Insurance Commissioner John Garamendi this week.“While these regulations...
May 5 2005 // The American Insurance Association (AIA) is urging Maine lawmakers to reject a proposal (LD 1021) that would increase the premium tax by 25 percent.“This tax increase would damage the state’s economy by making...
May 5 2005 // The insurance industry, already under scrutiny by state and federal authorities for various practices, now faces another questioner. The Federal Bureau of Investigation has launched a probe of the insurance industry that...
May 5 2005 // The American Insurance Association has applauded the Florida Legislature’s passage of landmark legislation to help truly sick victims of asbestos exposure receive compensation quickly and fairly. The bill now will go...
May 5 2005 // Washington, D.C. Mayor Anthony Williams took a step this week to ensure that District residents continue to receive high-quality health care by introducing the Health Care Reform Act of 2005. The legislation is aimed at...
May 5 2005 // The American Insurance Association (AIA) on Wednesday praised legislation (S.5248A/A.7708), which passed the Assembly on Monday and the Senate late Tuesday, to protect the solvency of the workers’ compensation...
May 4 2005 // Legislation sponsored by the Association of California Insurance Companies (ACIC) to impose strong regulation of the use of credit information by homeowners insurers passed its first committee test today.The bill, AB 1454...
May 4 2005 // Florida’s Chief Financial Officer Tom Gallagher today applauded state lawmakers for approving a measure that lays the groundwork for Floridians to set up hurricane savings accounts and protect these accounts from...
May 3 2005 // The Australian Prudential Regulation Authority (APRA), which regulates the country’s insurance industry, is proposing tighter reporting requirements in order to enable the regulator to more closely scrutinize the...
May 3 2005 // The Professional Insurance Agents of Florida reports from Tallahassee that with the end of the Florida Legislature’s spring sessions only a week away, legislators are beginning to realize that time is of the essence...
May 3 2005 // Marsh & McLennan Companies Inc. (MMC) on Tuesday reported financial results for the quarter ended March 31, 2005.Consolidated revenues totaled $3.2 billion, and net income was $134 million, or $.25 per share. These...
May 3 2005 // In what may become a significant step toward regulatory modernization of property and casualty insurance in Washington state, the governor has signed into law legislation sought by the Office of Insurance Commissioner that...
May 3 2005 // California legislators have issued a “sharp rebuke” of Insurance Commissioner John Garamendi’s efforts to impose new requirements on agents and brokers, according to the National Association of Mutual...
May 2 2005 // American International Group Inc. said that it has decided to restate financials from several previous years and that preliminary results of its internal audit show its 2004 results should be reduced by $2.7 billion, or...
May 2 2005 // Insurers in West Virginia, reacting to the legislation singed last week that eliminates third-party, bad-faith lawsuits, have begun to take the first steps toward lowering insurance rates.State Farm Insurance Friday...
May 2 2005 // The Property Casualty Insurers Association of America launched an advertising campaign today in Florida warning lawmakers about misguided hurricane insurance bills that will raise rates, make insurance harder to find and...
May 2 2005 // “Ethics in the Wholesale Insurance Marketplace” workshops concluded on Saturday afternoon with a round-table discussion, led by Ernest Csiszar, president of the Property and Casualty Insurance Association of...
Apr 29 2005 // Despite early signs that the 2005 session of the Washington Legislature would impose a series of costly and burdensome measures on the insurance market, the Property Casualty Insurers Association of America (PCI) saw the...
Apr 29 2005 // Texas House Bill 2155 and Senate Bill 236 were recently debated before each Chamber’s respective committee. This critical legislation, sponsored by the Independent Insurance Agents of Texas, merits broad support, as...