All the headlines from our Legislation Topic Page, ordered by recency.
Dec 6 2004 // Gov. Robert Ehrlich, who submitted medical malpractice reform legislation more than a month ago, has received a final report from a task force he created to recommend solutions to the insurance crisis.The report contains...
Dec 6 2004 // Minnesota Attorney General Mike Hatch has proposed a series of sweeping rules regulating how brokers would operate in the Land of 10,000 Lakes. Hatch, a Democrat, has found compatriots in the Minnesota legislature to...
Dec 6 2004 // Deciding an issue never settled before in South Dakota, the state Supreme Court said that secondary, umbrella insurance does not kick in until another insurer’s primary coverage has paid its full limit. The unanimous...
Dec 6 2004 // Florida Gov. Jeb Bush and members of the Florida Cabinet approved an emergency rule extending the moratorium to Dec. 31 and banning insurance companies from canceling or non-renewing insurance policies for victims whose...
Dec 6 2004 // In times of disaster the insurance industry is supposed to shine, and your industry did,” Alabama Insurance Comm-issioner Walter A. Bell commented during a panel discussion at the Society of Insurance Research annual...
Dec 6 2004 // California Insurance Comm-issioner John Garamendi called for a 2.2 percent reduction in pure premium rates for workers’ compensation insurance in a Nov. 17 conference call to the media.“My current advice to the...
Dec 6 2004 // The Oregon state ethics commission has launched an investigation into the lobbying activities of Katherine Keene, the former president of the SAIF Corp.At issue is whether Keene, who resigned in 2003, failed to register as...
Dec 6 2004 // David Snyder, vice president and assistant general counsel for the American Insurance Association (AIA) was part of a support team that went to Amman, Jordan, in June 2004 to assist the efforts of the group that included...
Dec 6 2004 // Through the State Modernization And Regulatory Transparency Act (SMART Act), Congressmen Michael Oxley (R-Ohio), and Richard Baker (R-La.), have made a creative initial proposal to re-energize state insurance regulation...
Dec 6 2004 // A federal magistrate judge has upheld U.S. Securities and Exchange Commission (SEC) findings that Mutual Benefits Corporation (MBC), the nation’s largest viatical settlement company, engaged in violations of...
Dec 3 2004 // The Council of Insurance Agents & Brokers (CIAB) announced its endorsement of the National Association of Insurance Commissioners’ (NAIC) proposed regulation calling for the full disclosure and transparency of...
Dec 3 2004 // When the Florida Legislature meets in special sessions in December lawmakers should focus on the most pressing matters facing more than 1.2 million commercial and residential property owners and leave less urgent concerns...
Dec 3 2004 // The Property Casualty Insurers Association of America will host a seminar aimed at helping member company executives better understand the legal and regulatory issues related to producer compensation raised by the...
Dec 2 2004 // The New York Insurance Association (NYIA) cautioned state lawmakers in Albany against “a knee-jerk public policy reaction” to allegations of improper business practices by brokers, agents and insurers that...
Dec 2 2004 // The 11th Circuit Court of Appeals has overturned a lower court ruling that would have reportedly given a single jury the power to set rates for auto insurance across the country.In the case of Gilchrist, et al. v. State...
Dec 2 2004 // The Property Casualty Insurers Association of America (PCI) supports provisions of a model regulation that require insurance brokers to disclose that they are acting as a broker and to disclose all sources of compensation...
Dec 1 2004 // A new poll has found that property casualty executives expect changes in the insurance brokerage and regulatory models to have fundamental and long-lasting effects on the industry, including downward pressure on industry...
Dec 1 2004 // During the past five years, insurance fraud complaints have grown by 61 percent in South Carolina, while the average U.S. family pays an extra $1,030 in insurance premiums each year to cover the cost of medical, auto, and...
Dec 1 2004 // In an effort to address broker compensation issues that have arisen as a result of New York Attorney General Elliot Spitzer’s and other state investigations, the National Conference of Insurance Legislators (NCOIL)...
Nov 30 2004 // The insurance industry, entrenched in controversy and hampered by a disjointed regulatory system, needs serious reforms in order to remain an effective risk-transfer mechanism for the U.S. economy, according to Ernie...