Latest Legislation Headlines

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

N.Y. Court of Appeal Rejects Reg 68 Challenge, Praised as Victory Against Fraud

Oct 22 2003 // The New York Court of Appeals has unanimously upheld the state Insurance Department’s right to implement the reforms contained in Regulation 68, which would require notice of a “no-fault” claim to be...

Calif. Commissioner Unveils Second Phase of Reform Plan

Oct 22 2003 // California Insurance Commissioner John Garamendi outlined the second phase of his workers’ compensation reform plan Oct. 21. The reform legislation that he helped shape during the first phase of this effort is...

Speakers at CIWA Breakfast Underscore Role of Local Wholesale Brokers’ Assoc.

Oct 20 2003 // Richard Bouhan, executive director of NAPSLO, and California Insurance lobbyist Dietmar Grellman of Norwood & Associates stressed the need for vigilance and activism at a breakfast sponsored by the California...

Insurance Journal 80th Anniversary

Oct 20 2003 // One-on-One with Mark Wells, Publisher of the Insurance JournalBy Charles E. Boyle Despite his still somewhat boyish appearance, Mark Wells has been the publisher of the Insurance Journal for 33 years, a long time in any...

Calif. Workers’ Comp Reforms Met with Hesitation

Oct 20 2003 // Calif. Gov. Gray Davis, with much fanfare and hoopla, signed this year’s workers’ comp reform package, citing estimates that the bills will wring more than $4 million in yearly costs from the California’s...

Insurance Journal 80th Anniversary

Oct 20 2003 // One-on-One with Mark Wells, Publisher of the Insurance JournalBy Charles E. Boyle Despite his still somewhat boyish appearance, Mark Wells has been the publisher of the Insurance Journal for 33 years, a long time in any...

Several Oregon P/C Insurance Measures Signed Into Law

Oct 20 2003 // Oregon Governor Ted Kulongoski recently signed several pieces of significant property/casualty insurance legislation, including measures dealing with credit reports, taxes, auto insurance coverage and environmental...

American Agents Alliance Conference Focuses on the Future

Oct 20 2003 // More than 1,400 agents and brokers ventured out to an oasis in Indian Wells, Calif., to take part in the American Agents Alliance 29th Annual Conference and Expo held on Oct. 8-12.The four-day event, held at the...

NAII Hears N.Y. Sen. Seward Cite Fraud as Cause for Auto Premium Increases

Oct 17 2003 // In an address at the National Association of Independent Insurers Fall Legislative Meeting, Sen. James L. Seward, chairman of the Senate Standing Committee on Insurance, stressed the need for serious fraud reform in New...

EC Drops Probe of Lloyd’s Regulation

Oct 16 2003 // The European Commission, the European Union’s regulatory authority, has dropped an investigation of the British government’s rules concerning the Lloyd’s market. The EC began the probe in response to...

Several Oregon P/C Insurance Measures Signed Into Law

Oct 14 2003 // Oregon Governor Ted Kulongoski recently signed several pieces of significant property/casualty insurance legislation, including measures dealing with credit reports, taxes, auto insurance coverage and environmental...

New Risk Retention Group Formed to Insure Companies in the Alarm Industry

Oct 13 2003 // Faced with a hard insurance marketplace and eager to offer an alternative source of insurance to its current and prospective members, the National Burglar & Fire Alarm Association (“NBFAA”) recently turned...

WTC Claims War of Words Continues as Governor Seeks Settlement

Oct 13 2003 // Despite the earnest efforts of New York’s governor George Pataki to find a quick solution to the dispute between Silverstein Properties and Swiss Re over the amount to be paid for the destruction of the World Trade...

IIANJ Comments on Out of State Trust Accounts; ID Cards; Consumer Notices

Oct 10 2003 // The Independent Insurance Agents of New Jersey has issued three separate bulletins addressing the problems of out of state trust accounts, multiple ID card forms and consumer notices on automobile insurance.The IIANJ...

IBANY Retains Michael V. Barrett as New Legislative Representative

Oct 10 2003 // The Insurance Brokers Association of New York, which represents the interests of New York’s leading commercial insurance producers on both professional development and legislative and regulatory matters, announced...

Fla. Judge Rules Agent Countersignature Law Unconstitutional

Oct 9 2003 // A Florida U.S. district court judge has struck down as unconstitutional the state’s countersignature law, which required that Florida resident agents and brokers get half the commission on insurance transactions...

IIABA Reports Now is the Time For National Agent-Broker Licensing Reform

Oct 7 2003 // A U.S. district court’s decision that two Florida laws denying equal treatment to nonresident Florida-licensed agents are unconstitutional will result in an additional breakdown of artificial barriers to licensing...

MedPro to Issue Non-Renewal Notices to Fla. Physicians

Oct 6 2003 // GE Commercial Insurance’s Medical Protective (MedPro) announced it reportedly has been forced to issue non-renewal notices to physicians whose medical malpractice insurance policies expire in January 2004.MedPro had...

Apprehensions over Regulation, Capital, Industry Image, Dominate CII Conference

Oct 6 2003 // The industry “needs leaders that will actually lead,” said outgoing president Andy Homer as he closed the 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute...

Under the Gun, NAIC Recommits to Modernization

Oct 6 2003 // In response to congressional pressure to more effectively regulate insurance at the state level or face federalization, the National Association of Insurance Commissioners (NAIC) unanimously passed its revised statement of...