All the headlines from our Legislation Topic Page, ordered by recency.
Dec 10 2002 // Betty Patterson, senior associate commissioner in charge of the Texas Department of Insurance’s Financial Program, is one of this year’s two winners of the most prestigious award presented by the National...
Nov 27 2002 // The Mississippi State Legislature enacted compromise legislation facilitating compromise tort reform, a move hailed by the American Insurance Association (AIA). “Legislators clearly understood that a healthy business...
Nov 27 2002 // A federal judge has approved an insurance settlement between bankrupt telecommunications company WorldCom Inc. and National Union Fire Insurance Company, a unit of AIG.According to Dow Jones, the approval was reached days...
Nov 26 2002 // Lee Covington has formally announced his intention to resign his position as Director of the Ohio Department of Insurance before December 10 “to pursue career options in the private sector.”“This was a...
Nov 26 2002 // The newly mandated adoption of terrorism risk by commercial property/casualty insurers in the U.S. casts a shadow on ratings prospects, compounding Standard & Poor’s negative outlook on the industry, according...
Nov 25 2002 // The U.S. Court of Appeals for the Fourth Circuit has given deference to the Office of the Comptroller of the Currency (OCC) in a dispute over regulatory authority with the West Virginia Insurance Commissioner’s...
Nov 25 2002 // With 2003 just around the corner, it’s not too early to make a new year’s resolution. This year, why not make a vow to eliminate your payroll pains? Whether you process payroll manually or use a service, the...
Nov 25 2002 // If there was one message speakers at the 2002 Annual Meeting of the Texas Surplus Lines Association (TSLA) wanted their audience to go away with, it was: Get to know your state legislators. That was the mantra chanted by...
Nov 25 2002 // Texas legislators wasted little time in filing post-election insurance reform legislation. One week after an election in which campaigns rang with promises from Republicans and Democrats alike to bring down homeowners...
Nov 25 2002 // With 2003 just around the corner it’s not too early to make a new year’s resolution. This year, why not make a vow to eliminate your payroll pains? Whether you process payroll manually or use a service, the...
Nov 22 2002 // The Senate’s recent approval of H.R. 3210, the Terrorism Risk Insurance Act of 2002, puts the bill on the desk of President Bush, who is expected to sign the legislation Dec. 2.The new legislation creates a...
Nov 22 2002 // Fitch Ratings commented that while the passage of a much anticipated terrorism insurance bill is overall a favorable development for the U.S. economy, and benefits the insurance industry, the passage of the bill will...
Nov 21 2002 // The European Parliament, the legislature of the European Union, has adopted the recommendations of the European Commission, the EU’s executive arm, to tighten up regulations controlling Europe’s huge...
Nov 20 2002 // Alliance of American Insurers President Rodger Lawson, is praising Tuesday’s Senate passage of the Terrorism Risk Protection Act Conference Report, HR 3210, as “another important step on the road to insurance...
Nov 18 2002 // The strict new requirements of the Sarbanes-Oxley Act of 2002 will impact not only publicly-held insurance companies, but they also set the bar for mutual insurers, according to experts who spoke at the Corporate...
Nov 18 2002 // The Texas Coalition for Affordable Insurance Solutions (www.tcais.org ), whose membership includes a number of insurers operating in the state, urged the Texas Legislature to adopt regulatory reforms that promote...
Nov 15 2002 // The Independent Insurance Agents & Brokers of America (IIABA) commends House leaders for working cooperatively to pass terrorism insurance legislation yesterday, and urges the Senate to immediately follow suit and...
Nov 14 2002 // Lloyd’s has selected ten of the eleven members who will serve on the newly created Franchise Board (FB) which will take over management of the insurance market’s supervisory and commercial affairs beginning...
Nov 13 2002 // Texas legislators wasted little time in filing post-election insurance reform legislation. One week after an election in which campaigns rang with promises from Republicans and Democrats alike to bring down homeowners...
Nov 12 2002 // The Texas Coalition for Affordable Insurance Solutions, www.tcais.org, an Austin-based alliance of insurance providers, launched an insurance reform campaign to encourage legislators, regulators and other policymakers to...