All the headlines from our Legislation Topic Page, ordered by recency.
Jun 17 2002 // Insurers have called on the National Association of Insurance Commissioners (NAIC) to move forward on regulatory reform, beyond operational changes and its commercial lines’ model, by working with state legislators...
Jun 17 2002 // A key Senate lawmaker says Texas homeowner insurance rates should be regulated by the state, promising to put forth a bill in the next session to get a handle on rising premiums. Sen. Troy Fraser, a Republican, said that...
Jun 14 2002 // The New England Council (NEC), urged the U.S. Senate to pass S.2600, legislation designed to implement a system of terrorist reinsurance coverage of losses from future attacks like those of Sept. 11.The legislation is...
Jun 14 2002 // The National Association of Insurance Commissioners (NAIC) sent a tough message to the Office of the Comptroller of the Currency (OCC) this week during its Functional Regulation Working Group meeting, reiterating that...
Jun 14 2002 // The National Association of Independent Insurers (NAII) and Chicago-based law firm Lord, Bissell and Brook will host an industry-wide informational conference June 20 to discuss the insurance industry’s compliance...
Jun 14 2002 // A recent bulletin from the Louisiana Insurance Department dealing with form filing requirements for P/C insurance is causing concern for insurers, according to the National Association of Independent Insurers...
Jun 13 2002 // Lawmakers met yesterday to discuss the possibility of allowing insurance companies to have the option to be regulated by the federal government as opposed to the current system of state regulation, according to the...
Jun 13 2002 // The National Association of Independent Insurers (NAII) and Chicago-based law firm Lord, Bissell and Brook will host an industry-wide informational conference June 20 to discuss the insurance industry’s compliance...
Jun 12 2002 // South Carolina Director of Insurance Ernst Csiszar has issued a bulletin stipulating under which circumstances credit scoring may be used to underwrite and rate auto insurance policies. Backed by the American Insurance...
Jun 11 2002 // The European Commission (EC) in Brussels has announced proposals to harmonize the European Union’s automobile insurance regulations.The EC wants all policies to cover third party liability up to € 1 million...
Jun 11 2002 // The Alliance of American Insurers (AAI) says it is encouraged that the Senate is now beginning to focus on the terrorism insurance issue with the introduction of a bill (S 2600) by Senators Chris Dodd (D-CT), Harry Reid...
Jun 10 2002 // Credit-based insurance scoring, speed to market, and market conduct are areas of opportunity at the upcoming meeting of the National Association of Insurance Commissioners (NAIC) for regulators to act on their commitment...
Jun 10 2002 // It’s goodbye time. After 20 years at the helm of IIAT, and 62 years on this planet, it’s time for me to head in a new direction.But first, I hope you’ll permit me a few musings. I leave this job with the...
Jun 6 2002 // The Washington Supreme Court has ruled that an insurance claims adjuster who develops a non-adversarial relationship with a person filing a claim and advises that person on settling the claim is practicing law.An adjuster...
Jun 5 2002 // The Alliance of American Insurers (AAI) testified June 4 before the U.S. House of Representatives Financial Services Capital Markets Subcommittee at the first of its hearings aimed at examining regulation and competition...
Jun 5 2002 // The regulation of the insurance industry is best left to the states said a National Association of Mutual Insurance Companies (NAMIC) witness in testimony before a House Financial Services subcommittee in Washington, D.C....
Jun 4 2002 // U.S. District Court Judge John Martin Jr. ruled against Silverstein Properties’ motion for a summary judgment in its dispute with Swiss Re and 22 other insurers over the amount of coverage on the World Trade...
Jun 4 2002 // The Coalition for Auto Insurance Competition (CAIC) has called upon the Administration of Governor McGreevey to “quickly address the likelihood that auto insurance will become more difficult for New Jersey drivers to...
Jun 4 2002 // With the signing of insurance producer licensing reform legislation by Tennessee Gov. Don Sundquist and the adoption of a similar proposal by the South Carolina legislature last week, a super-majority of 46 states have...
Jun 4 2002 // Regulations being proposed in three states aimed at safeguarding consumer information should be modified so as not to encourage private lawsuits against insurers, according to the Alliance of American Insurers.The three...