Latest Legislation Headlines

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

NCCI Holdings Selects Documentation Enterprise Content

Nov 20 2003 // Documentum, a provider of enterprise content management (ECM), announced that Florida-based NCCI Holdings, Inc., has selected Documentum 5, the latest version of the company’s ECM platform.Documentum 5 will be used...

Fla. Insurers Work With OIR to Develop Credit Regulations

Nov 19 2003 // Representatives of the insurance industry in Florida met last week with the Office of Insurance Regulation (OIR) to try and reach a compromise a draft proposed regulation dealing with the use of insurance scoring in...

State Regulator, Former Congressman Caution Insurers on Federal Regulatory Intervention

Nov 19 2003 // A leading state regulator and a former U.S. Representative warned insurers that expanding congressional oversight of the industry may worsen rather than improve the regulatory system.Ernst Csiszar, South Carolina Insurance...

Targeting Speed-to-Market Reform

Nov 17 2003 // No one can argue that the insurance industry has been beleaguered with inefficiencies. Carriers battle with changing regulations and market conditions nationwide, while agents and brokers struggle with shifting...

Insurers Question NAIC Budget Reserves

Nov 17 2003 // Insurance industry representatives are unhappy with a budget proposed by the National Association of Insurance Commissioners, the quasi-governmental body that collects insurers’ annual financial statements and...

PICKENS PROMOTES NAIC PLAN:

Nov 17 2003 // Arkansas Insurance Commissioner Mike Pickens told members of the House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises that regulating insurance is a function of the states, a system that...

Do Not Call Legislation: Are You in Compliance’

Nov 17 2003 // In this ever-changing world of privacy regulation and legislation, many in the insurance industry are left wondering, ‘Where do I fit in?’ There are a number of insurance agencies that use telemarketing to...

Insurers Question NAIC Budget Reserves

Nov 17 2003 // Insurance industry representatives are once again unhappy with a proposed budget of the National Association of Insurance Commissioners (NAIC), the quasi-governmental body that collects insurers’ annual financial...

Fla. Advises Construction Industry: Apply for New Workers’ Comp Exemptions by Nov. 30

Nov 13 2003 // Florida’s Chief Financial Officer Tom Gallagher has urged current workers’ compensation exemption-holders in the construction industry to take the necessary steps to file for a new exemption by Nov. 30. All...

Alliance Comments on Proposed Changes to Fla. Holding Company Regulations

Nov 13 2003 // The Alliance of American Insurers (AAI) has filed formal comments in regards to a proposed rule by Florida insurance regulators that would reportedly change regulations regarding insurance holding companies in that...

Moody’s: Wildfires Will Hurt Insurers’ Bottom Line

Nov 12 2003 // Moody’s Investors Service said in a statement that it does not expect its ratings or outlook on the U.S. personal lines insurance sector as a whole to be impacted solely by the recent spate of California...

NAII: Merged Trade Assn. Would Provide Unity, Stronger Industry Voice

Nov 11 2003 // A merger between the Alliance of American Insurers and the National Association of Independent Insurers (NAII) would instantly vault the new organization into a commanding position in the industry, NAII President and CEO...

Agents Tout Pragmatic Reforms During House Hearing

Nov 7 2003 // Former Independent Insurance Agents & Brokers of America (IIABA) President Tom Ahart and Ronnie Tubertini, chairman of IIABA’s Government Affairs Committee, on Thursday provided their perspectives on the current...

Alliance Urges Congress to Settle Differences on FCRA Before it Expires

Nov 7 2003 // Following the Senate’s 95‑2 approval of S 1753, the Alliance of American Insurers urged quick action to resolve differences between the House and Senate versions of the Fair Credit Reporting Act (FCRA)...

Garamendi Drops Workers’ Comp Advisory Pure Premium Rate 14.9 Percent

Nov 7 2003 // In an effort to provide relief to skyrocketing workers’ compensation premiums in California, Insurance Commissioner John Garamendi lowered the advisory pure premium rate by 14.9 percent, a shift that would return...

Pickens Promotes NAIC’s Modernization Plan in Congress

Nov 7 2003 // Arkansas Insurance Commissioner Mike Pickens told members of the House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises that regulating the business of insurance is a function of the states,...

States Can Reportedly Achieve Competitive Markets; Federal Push Should Motivate State Action

Nov 6 2003 // Congress’ interest in insurance regulation should reportedly motivate state policymakers to act to make the insurance marketplace more competitive, according to a property/casualty trade association.NAMIC, the...

U.S., Foreign Trade Groups Ask IASB to Revise Proposed Insurance Guidance

Nov 6 2003 // With the aim of reportedly aiding in the development of an international accounting standard for insurers, the National Association of Independent Insurers (NAII) and six other major insurance trade associations have asked...

N.Y.’s Sen. Hannon Tells Congressional Committee States Should Regulate Insurance

Nov 6 2003 // New York State Senator Kemp Hannon minced no words in his testimony today before the U.S. House Financial Services’ Subcommittee on Capital Markets Insurance and Government Sponsored Enterprises.“For more than...

ACORD to Provide N.J. Auto ID Cards

Nov 6 2003 // The Association for Cooperative Operations Research and Development (ACORD) announced that it will soon be providing temporary as well as permanent auto ID cards in New Jersey, as part of a major change in the...