All the headlines from our Legislation Topic Page, ordered by recency.
Mar 11 2003 // State lawmakers around the country have been busy introducing a variety of bills aimed at the issue of mold, how it is addressed by society, and how it is covered by insurers.“We are currently tracking nearly 30...
Mar 10 2003 // The Illinois Appelate Court has ruled that insurance brokerage giant Aon Corp. must pay $22 million to the family of man killed in a plane crash helmed by the company’s corporate pilot, according to Crain’s...
Mar 10 2003 // The decision by the New York Court of Appeals to hear the appeal of the Medical Society of New York (MSSNY) and the state’s trial lawyers, challenging the validity of Regulation 68 (See IJ Website Feb. 28), has...
Mar 10 2003 // While the NAII was fighting to uphold Regulation 68 against a legal challenge (See previous article), the Professional Insurance Agents of New York State Inc. issued a letter to each sponsor of a bill, S.1277/A.269, which...
Mar 10 2003 // The Professional Insurance Agents of New Jersey has released a new “Agency handbook” designed to help agents implement the “new and amended regulations” contained in the Producer Licensing Act.The...
Mar 10 2003 // As promised, the 78th Texas Legislature is on a roll with insurance reform, with one bill having been signed into law and many more in committees or on their way to the House and Senate floors. Among the proposed...
Mar 10 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
Mar 7 2003 // Recent results of a Wall Street Journal Online/Harris Interactive® Health-Care Poll showed that more than half (58 percent) of adults in America favor new legislation to limit the costs of medical liability and reduce the...
Mar 7 2003 // The Alliance of American Insurers (AAI) is applauding state commissioners attending the National Association of Insurance Commissioners’ (NAIC) spring meeting in Atlanta for initiating a project aimed at increasing...
Mar 7 2003 // Florida lawmakers must act on Governor Jeb Bush’s call for medical liability system reforms—including a $250,000 cap on non-economic damages—in order to end a crisis that is driving up healthcare costs and...
Mar 6 2003 // The issue of credit-based insurance scoring is being revisited in many Midwestern states that considered legislation or regulations on the subject in previous years, according to the National Association of Independent...
Mar 5 2003 // A majority of Nevada consumers would be unfairly penalized by legislation prohibiting insurance companies’ use of credit data in determining rates and making underwriting decisions, according to the National...
Mar 4 2003 // The American Association of Insurance Services (AAIS) is asking the U.S. Department of the Treasury to clarify recently issued terrorism reinsurance regulations as they apply to certain rental dwellings and farm...
Mar 4 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
Mar 3 2003 // The House Energy & Commerce subcommittee on Health held a hearing last week to assess the need for medical liability reform legislation, H.R. 5. The full House Judiciary Committee plans to hold a hearing on the same...
Mar 3 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
Feb 28 2003 // First American CREDCO is offering an Office of Foreign Assets Control (OFAC) alert feature that allows those accessing credit reports to automatically screen customers against a list of Specially Designated Nationals (SDN)...
Feb 28 2003 // Two Florida lawmakers, reportedly keenly aware of how insurance fraud is hurting consumers, have filed legislation designed to crack down on fraud perpetrators in the state.Sen. Bill Posey (R, Dist. 24) and chairman of the...
Feb 28 2003 // New York’s Superintendent of Insurance Gregory V. Serio told a Capital District luncheon crowd on Tuesday that his Department has just learned that the New York Court of Appeals has granted leave for plaintiffs to...
Feb 27 2003 // The Alliance of American Insurers (AAI) is applauding the U.S. Department of the Treasury for its reported diligence in issuing the first set of regulations under the Terrorism Risk Insurance Act (TRIA) of...