All the headlines from our Legislation Topic Page, ordered by recency.
Feb 21 2005 // As discussed in part one of this series in the Feb. 7 issue (page 34), fiduciary liability is one of the most misunderstood of management exposures. However, once one grasps the concept of personal liability embedded in...
Feb 21 2005 // 2004 was a landmark year for common sense legal reform in Ohio. The state enacted significant asbestos reform, silica and mixed dust reform, and comprehensive tort reform legislation. The many benefits of these historic...
Feb 21 2005 // Depending upon which side of the fence you stand, the excess and surplus insurance market is either too expensive and too unregulated, and therefore unreliable, or the right solution for a complicated risk at a difficult...
Feb 21 2005 // With the goal of bringing common sense back to Oklahoma’s legal system, reduce health care costs for citizens and create a stronger economic climate, Speaker of the Oklahoma House of Representatives Todd Hiett...
Feb 21 2005 // Ihave the privilege of serving as vice president of the Louisiana Surplus Line Association (LSLA) and chairman of the Louisiana Surplus Line Task Force. Our goal has been to share our thoughts on regulatory reforms and...
Feb 21 2005 // The Property Casualty Insurers Association of America commended the approach taken by the Nevada Division of Insurance on the disclosure of broker compensation in a temporary regulation adopted in early February....
Feb 21 2005 // Three issues will dominate California’s 2005 legislative session–broker fee regulations and fiduciary duties; homeowners insurance, and workers’ compensation, according to IBA West lobbyist John...
Feb 21 2005 // Insurance Journal recently surveyed several surplus line associations regarding their thoughts on the current atmosphere of the surplus lines marketplace, and their expectations into 2005. Executive director Ted Pierce of...
Feb 21 2005 // Industry Gets Victory on Class Action but Reason to Worry Over TRIA ….Eliot who? The name Eliot Spitzer that is on the lips of every insurance broker was never spoken during a recent gathering of insurance brokers...
Feb 21 2005 // While it did not begin boiling over until last October when charges were brought against Marsh, the controversy over brokerage contingent fees has actually been simmering for more than a half dozen years in New York...
Feb 21 2005 // In the first half of the legislative session, the health care industry watched the demise of several measures meant to stem rising insurance costs for doctors.“The liability crisis is getting worse,” said Susie...
Feb 21 2005 // Broker disclosure, medical malpractice reform and credit scoring dominated the discussions at the Washington All Insurance Industry Day at the Capital held Feb. 10. Over 170 independent agents gathered to learn about...
Feb 18 2005 // The New York State Workers Compensation Security Fund, which officials last month predicted would run out of money by the end of this month, could go on paying claims until the end of March, thanks to early access to funds...
Feb 18 2005 // A natural disaster bill introduced by a Florida congresswoman from a coastal district will ensure that debate on the problem of insurance availability in disaster-prone areas will continue, according to the National...
Feb 18 2005 // A campaign to point out the consequences of staging an auto accident or participating in auto insurance fraud has been launched by the Florida Department of Financial Services Division of Insurance Fraud. The...
Feb 17 2005 // Last week, Sens. Judd Gregg (R-N.H.) and John Ensign (R-Nev.) introduced federal legislation that would provide assistance to medical professionals facing skyrocketing medical liability premiums. The Help Efficient,...
Feb 17 2005 // The proposal being considered by Wyoming lawmakers to create a medical review panel to help weed out frivolous medical malpractice lawsuits might do more harm than good, according to an official with a doctors’ trade...
Feb 16 2005 // The Property Casualty Insurers Association of America (PCI) reported it testified before the House Business and Insurance Committee in support of legislation to overhaul the Texas workers’ compensation...
Feb 16 2005 // Florida’s Chief Financial Officer Tom Gallagher on Wednesday joined two key lawmakers in pushing legislation to require insurance companies to clearly outline what is covered in homeowners insurance policies.The...
Feb 16 2005 // A proposed law to restrict the use of credit-based insurance scores under consideration by the Washington Legislature is premature and could raise premiums for Washington insurance consumers, according to the American...