Latest Legislation Headlines

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

California Governor Signs Homeowners Legislation

Aug 31 2004 // Governor Schwarzenegger recently signed two bills, AB 2199 (Kehoe) and SB 64 (Speier), that were considered part of Insurance Commissioner John Garamendi’s “Homeowners Bill of Rights” package. Garamendi...

CII Notes Agenda for Annual Conference

Aug 30 2004 // The U.K.’s Chartered Insurance Institute (CII) will focus on the future for brokers when it convenes its annual Insurance & Financial Services Conference at the Convention Centre in Birmingham the 29 September...

Guaranty Fund Reforms Passed in Legislative Sessions

Aug 30 2004 // Model legislation created to address guaranty fund insolvency issues has been passed in several key states in the 2004 legislative sessions, putting reform efforts on the right path, according to the Property Casualty...

PIA Encouraged, But Will Not Endorse SMART Bill

Aug 27 2004 // The National Association of Professional Insurance Agents (PIA) says it is encouraged by the discussion draft of a bill that provides a “road map” for insurance regulatory reform. The draft of the State...

Louisiana Gov. Kathleen Babineaux Blanco

Aug 26 2004 // Laying a Foundation for Long Term SuccessBy Stephanie K. Jones Being first is not a new thing to Kathleen Babineaux Blanco, who was sworn in on Jan. 12, 2004, as the first female Governor of Louisiana. Twenty years...

PCI Shares Montemayor’s Optimism About Texas Homeowners Market

Aug 25 2004 // National insurance trade association Property Casualty Insurers Association of America (PCI) reported that Texas Insurance Commissioner Jose Montemayor told the House Insurance Committee that the reforms implemented...

Alliance Lobbyist Levy to Retire After 14 Years of Service

Aug 25 2004 // After 14 years serving as the American Agents Alliance’s representative in Sacramento, lobbyist Ed Levy has decided to retire, effective Aug. 31, 2004. The independent producers’ association called Levy...

PCI Comments on Federal Regulatory Reform Proposal

Aug 25 2004 // Greater pricing freedom, the reliance on competition as the primary regulator, and the reinforcement of states as the primary regulator of the insurance industry are the three most important components of a legislative...

N.J. Consumer Advocates Caution on Geico Return

Aug 24 2004 // The re-entrance of Geico into the New Jersey auto insurance market last week may not significantly affect state residents who already have difficulty getting policies, some consumer advocates contend.The state agreed to...

Federal Oxley-Baker Bill Would Require Competitive Rating and Uniform Regulation by States

Aug 24 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...

Farewell Reflections-Have You Noticed That’

Aug 23 2004 // The following article is part two of a three-part commentary written by an insurance company executive which includes an industry critique and reflection on lifelong lessons learned. Part one appeared in the Aug. 9 issue...

Captive Industry Makes Green Mountain State Even Greener

Aug 23 2004 // Vermonters from the governor on down are not shy about expressing their affection for the state’s captive insurance industry. At the recent 19th annual conference of the Vermont Captive Insurance Association (VCIA)...

If Mass. Rebuilds Residual Market, Auto Insurers Still Unlikely to Come

Aug 23 2004 // While Massachusetts’ officials are overhauling their auto insurance residual market in hopes of attracting new insurers, it is becoming increasingly clear that the legislature will have to join the reform effort if...

N.Y. Surplus Lines Industry in Uphill Battle over Premium Financing

Aug 23 2004 // New York’s surplus lines industry is trying to convince the Pataki administration to allow a change in the premium financing of surplus lines accounts, a change that lawmakers have approved overwhelmingly, but the...

N.Y. GETS CREDIT SCORING LAW:

Aug 23 2004 // New York Gov. George Pataki has allowed a bill governing insurers’ use of credit scoring to become law without his signature. The bill is based on the industry-supported model developed by the National Conference of...

NCOIL Accepts NAIC Changes to Market Conduct Model

Aug 23 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) accepted most of the changes to its market...

Kentucky Governor Fletcher Keeps Commonwealth in Stride

Aug 23 2004 // Kentucky Gov. Ernie Fletcher (R) has had a busy last few weeks. Between weighing in on the AIK Comp Fund issue in the Commonwealth and seeing to it that residents get the help they need from storms that rumbled through...

ICT Symposium Focused on Regulation, State of the Market and More

Aug 23 2004 // Attendees at the 12th Annual Mid-Year Property and Casualty Symposium presented in July by the Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas (AFACT) were treated to a series of...

Producers Caught in Multistate Surplus Lines Web

Aug 23 2004 // A solution that is both simple and fair is the creation of an interstate compact like the one under review by NAPSLO’s legislative committee.Surplus line producers have benefited greatly from the Gramm-Leach-Bliley...

NCOIL Accepts NAIC Changes to Market Conduct Model

Aug 23 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) accepted most of the changes to its market...