All the headlines from our Legislation Topic Page, ordered by recency.
Jul 14 2003 // Proposed Department of Labor regulations that were approved by the House of Representatives July 10 would reportedly clarify how employers determine who is exempt from overtime pay and should aid insurers, according to the...
Jul 10 2003 // The reported increasing popularity of the National Conference of Insurance Legislators (NCOIL) Insurance Scoring Model Act and the publication of two significant studies showing an irrefutable link between credit-based...
Jul 10 2003 // The Department of the Treasury this week finalized the first regulation implementing the Terrorism Risk Insurance Act of 2002 (TRIA).The final rule clarifies that fidelity insurance is not included under the Act and does...
Jul 10 2003 // The Professional Independent Insurance Agents of Illinois (PIIAI) applauds Gov. Rod Blagojevich’s decision to sign HB 1640, the Use of Credit Information in Personal Insurance Act. The bill establishes limitations on...
Jul 10 2003 // California Insurance Commissioner John Garamendi commended lawmakers July 9 for moving workers’ compensation bills into a Legislative Conference Committee, and consequently moving the reform of the system closer to...
Jul 9 2003 // Of the 19 states that enacted new laws in 2003 dealing with credit-based insurance scores, legislators in 13 states elected to follow the provisions of the model act developed by the National Conference of Insurance...
Jul 9 2003 // Chase Manhattan Automotive Finance Corporation, a subsidiary of JPMorgan Chase Bank, announced that it will return to the auto leasing business in Rhode Island immediately after the Governor signs a new bill limiting...
Jul 7 2003 // Florida’s Chief Financial Officer Tom Gallagher announced that a new law has hit the books that will limit the use of credit reports and credit scores by insurance companies that sell homeowners and auto insurance....
Jul 7 2003 // The issue of state versus federal regulation of insurance provokes strong opinions and divergent points of view among insurers. Yet there is one point on which we all can agree—consumers are best served by a healthy and...
Jul 7 2003 // Insurance reforms enacted by the 78th Texas Legislature dominated many discussions at the 106th Annual Independent Insurance Agents of Texas Convention, held June 19-21 in San Antonio. Not only did Lt. Governor David...
Jul 7 2003 // The Professional Insurance Agents of New Jersey Inc. commended the state Senate for its unanimous passage of legislation to help ensure agents’ ownership and commission rights are continued when an insurance company...
Jul 7 2003 // Insurance industry officials from around the country will meet July 17 in Austin to discuss insurance reform legislation passed during the 78th session of the Texas Legislature. Three hundred industry representatives plan...
Jul 7 2003 // When Governor James E. McGreevey signed The New Jersey Automobile Insurance Competition and Choice Act (S-63/A-2625), he launched another effort aimed at solving the state’s automobile insurance crisis. This time,...
Jul 7 2003 // The issue of state versus federal regulation of insurance provokes strong opinions and divergent points of view among insurers. Yet there is one point on which we all can agree—consumers are best served by a healthy and...
Jul 2 2003 // A bill sent to the governor on Tuesday repealing Pennsylvania’s 35-year-old mandatory motorcycle helmet law is ill-advised and should be vetoed, according to a long-time advocate of vehicular safety.The bill (SB...
Jul 2 2003 // Four California Insurance Commissioners and the California Supreme Court agreed the use of territory as a factor in determining automobile insurance rates is fair and equitable under Proposition 103 passed in 1988. The...
Jun 30 2003 // Late last week a bill to permanently reauthorize the expiring provisions of the Fair Credit Reporting Act (FCRA) and to help consumers combat identity theft was introduced by several members of the House Financial Services...
Jun 30 2003 // Standard & Poor’s Ratings Services announced that it has revised its public information-based counterparty credit and insurer financial strength ratings on Mannheimer Lebensversicherung AG to ‘R’...
Jun 30 2003 // Winterthur, the Insurance division of Credit Suisse, Tianan Insurance and the Shenzhen branch of Hong Kong’s Ming An Insurance Co. have reportedly been granted permission by Chinese regulatory authorities to offer...
Jun 27 2003 // Insurance industry officials from around the country will meet July 17 in Austin to discuss insurance reform legislation passed during the 78th session of the Texas Legislature. According to the Insurance Council of Texas,...