All the headlines from our Legislation Topic Page, ordered by recency.
Aug 5 2002 // According to the Alliance of American Insurers (AAI), the National Conference of Insurance Legislators (NCOIL) took a giant step toward improving uniformity in state regulation by formally adopting model legislation based...
Aug 5 2002 // With the recent spotlight being placed on the 25th anniversary of the federal Community Reinvestment Act (CRA), legislation enacted in 1977 which requires banks to increase their investments and loans to low income...
Aug 5 2002 // Responding to moves by Farmers Insurance Company to further restrict coverages in homeowners policies it will write in the state, Insurance Commissioner Jose Montemayor expanded the state insurance department’s...
Aug 5 2002 // Insurance associations have been abuzz the past couple of weeks with regard to impending changes and new proposals to privacy regulations under Congress’ Gramm-Leach-Bliley Financial Modernization Act (GLB).States...
Aug 2 2002 // An order signed last week by Oklahoma Insurance Commissioner Carroll Fisher will ease regulatory restrictions on an insurer’s ability to develop and introduce new commercial lines insurance products in the state,...
Aug 1 2002 // California Insurance Commissioner Harry Low applauded Gov. Gray Davis for signing Assembly Bill 2984, which will help the California Department of Insurance (CDI) to preserve California’s high licensing standards...
Jul 31 2002 // Today’s auto insurance oversight system suffers from a lack of efficiency, cost effectiveness, and timely decision-making, but greater regulatory reliance on market competition would help streamline and depoliticize...
Jul 26 2002 // The Alabama insurance commissioner will hold hearings at the state department of insurance, 201 Monroe Street, suite 1700, Montgomery, Alabama, on Aug. 14. Issues to be discussed include: • Revision of Regulation No. 106...
Jul 22 2002 // To many insurance professionals, surplus lines policies are a mystery. Many think of it as a coverage for strange risks with odd provisions. But getting a grasp on surplus lines coverage is not difficult. Let’s take...
Jul 22 2002 // It is a rare occurrence today, but not so long ago tying down the safety valve was viewed as an acceptable way to improve a steam boiler’s performance when demand peaked. The objective was to increase the...
Jul 22 2002 // Sam Sorich, vice president with the National Association of Independent Insurers (NAII), says that despite the challenges facing agents and companies in California, the industry is still moving along and meeting its...
Jul 22 2002 // To many insurance professionals, surplus lines policies are a mystery. Many think of it as a coverage for strange risks with odd provisions. But getting a grasp on surplus lines coverage is not difficult. Let’s take...
Jul 22 2002 // Since it’s inception in the early 19th century, the surplus lines industry has played a significant role in the insurance world: providing the buyer with insurance not available in the standard, admitted markets. As...
Jul 22 2002 // To many insurance professionals, surplus lines policies are a mystery. Many think of it as a coverage for strange risks with odd provisions. But getting a grasp on surplus lines coverage is not difficult. Let’s take...
Jul 22 2002 // The U.S. insurance industry must have breathed a collective sigh of relief June 18, when the Senate approved terrorism insurance backstop legislation after months of debate and delay. But now legislators must reconcile the...
Jul 12 2002 // The Colorado House gave initial approval July 10 to a Senate bill that would prohibit insurers from refusing to issue a fire insurance policy within a federally designated disaster area due to wildfire. The prohibition...
Jul 10 2002 // The American Insurance Association (AIA) is calling on the National Association of Insurance Commissioners (NAIC) Privacy Issues Working Group to withdraw a proposed amendment to the model privacy regulation. The proposed...
Jul 9 2002 // Congress should proceed cautiously as it considers a federal approach to mold- related insurance claims and seeks to establish mold exposure standards, according to the National Association of Independent Insurers...
Jul 9 2002 // A new report on money laundering prepared by Professor Martin Gill of the University of Leicester’s Scarman Centre, concludes that the senior mangers of most financial firms, including insurance companies, now...
Jul 9 2002 // Lord Cullen, Scotland’s Lord Justice General, ruled that plaintiff’s in asbestos related cases most continue to bring their actions through regular court proceedings rather than applying the rules of the...