Latest Legislation Headlines

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

Vilsack Signs Bill to Allow Apportionment of Iowa Workers’ Comp Claims

Sep 14 2004 // In a one-day special session, the Iowa Legislature passed a controversial economic stimulus package and reforms that insurers have argued will help reduce workers compensation costs. Gov. Tom Vilsack, a Democrat, signed...

NAIC Adopts Market Conduct Surveillance Model Law

Sep 14 2004 // The National Association of Insurance Commissioners has adopted a model law regarding how the states coordinate market conduct surveillance. It is based on a version recently put forth by the National Conference of...

Koken Named NAIC President; Ario Elected VP

Sep 13 2004 // Members of the National Association of Insurance Commissioners (NAIC) have elected a slate of three new officers in interim elections held during the 2004 NAIC Fall National Meeting. Pennsylvania Insurance Commissioner...

Louisiana Governor Kathleen Blanco

Sep 13 2004 // Laying a Foundation for Long Term SuccessBeing first is not a new thing to Kathleen Babineaux Blanco, who was sworn in on January 12, 2004 as the first female Governor of Louisiana. Twenty years earlier, at the beginning...

Texas Business Group Calls for Change in Ins. Laws

Sep 10 2004 // Three-fourths of uninsured Texans have full-time jobs but cannot afford health insurance, according to a report released recently by the Texas Association of Business.The study also shows that more than half of Texans...

Iowa Legislature Addresses Workers’ Comp Payments in Special Session

Sep 9 2004 // In a one-day special session, the Iowa Legislature has passed a controversial economic stimulus package and reforms supported by the Property Casualty Insurers Association of America (PCI) that will reportedly help reduce...

NAMIC Targets Corporate Governance, Market Conduct, Securities Ratings, and Credit Scoring at NAIC Meeting

Sep 8 2004 // The National Association of Mutual Insurance Companies (NAMIC) will advocate its positions on corporate governance, market conduct, securities ratings, and credit scoring during the National Association of Insurance...

Delaware’s Race for Insurance Commissioner Pits Advocate Denn Vs. Conciliator Ennis

Sep 7 2004 // Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic counsel to the current governor who vows to “stand up for Delawareans” and a Republican veteran...

PCI: Current Market Conduct Model Falls Short of Reform Goal

Sep 7 2004 // True reform of the current market conduct examination process will not be achieved by amendments suggested by regulators and adopted by the National Conference of Insurance Legislators (NCOIL) to its own Market Conduct...

The Race For Delaware Insurance Commissioner: The Advocate Vs. The Conciliator

Sep 7 2004 // INSURANCE JOURNAL PUTS CANDIDATES DENN AND ENNIS ON THE RECORD, ON THE ISSUESSeptember 7, 2004–Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic counsel...

Leave-No-State-Regulation-Behind

Sep 6 2004 // Lobbyists for the American Insurance Association recently made their case for federal over state regulation of insurance before the House Committee on Financial Services by presenting a list that included the following:•...

On the Record: The Race for Delaware’s Insurance Commissioner

Sep 6 2004 // Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic counsel to the current governor who vows to “stand up for Delawareans” and a Republican veteran...

Charley Causes a Path of Destruction in Florida, Carolinas

Sep 6 2004 // Lessons from Andrew Taught Industry to “Be Prepared”Lessons learned from the most costly natural disaster in U.S. history more than prepared the insurance industry for the destruction left by Hurricane Charley....

New Laws Clarify Guaranty Fund Obligations

Sep 6 2004 // Policyholders in insurer-funded programs were concerned that they might have to pay twice—some had originally posted large amounts of collateral and were now being requested to pay again.On June 28, 2004, Pennsylvania...

AIK Comp: Kentucky’s Enron’

Sep 6 2004 // AIK Comp’s precarious financial situation in Kentucky should serve as a wake-up call for the workers’ compensation group self-insurance market in the Bluegrass State.Lawmakers and regulators in Kentucky need no...

Competitive Rating, Uniform Regulation Are Key Elements of Oxley-Baker Bill

Sep 6 2004 // Sweeping legislation being drafted by federal lawmakers would end state approval of insurance rates and require all states to adopt competitive rating for most types of insurance.States would have to stop requiring...

NCOIL Accepts NAIC Changes to Market Conduct Model

Sep 6 2004 // Under heavy pressure from Congress and insurance industry lobbyists to pick up the pace on regulatory modernization, the National Conference of Insurance Legislators (NCOIL) at its summer meeting in Chicago accepted most...

Storm Brewing Ahead

Sep 6 2004 // The industry braced itself for the onslaught of Hurricane Charley, which hit the coast of Florida Aug. 13, leaving behind piles of rubble and an estimated $7.4 billion bill for insurers to foot, according to the Insurance...

Federal Oxley-Baker Bill Would Require Competitive Rating, Uniform Regulation

Sep 6 2004 // Sweeping legislation being drafted by federal lawmakers would end state approval of insurance rates and require all states to adopt competitive rating for most types of insurance.States would have to stop requiring...

Okla. Committee Recommends Fisher Impeachment

Sep 2 2004 // Oklahoma lawmakers, including many who are term limited, have one serious piece of business to finish before they go out of office – voting on the impeachment of state Insurance Commissioner Carroll Fisher.Speaker...