All the headlines from our Legislation Topic Page, ordered by recency.
Jun 3 2002 // Aon Corporation says the spin-off of Combined Specialty Group, Inc. (CSG) is now expected to be completed after June 30.Steps necessary to complete the spin-off continue to be taken and the spin-off will be accomplished as...
May 31 2002 // The Alliance of American Insurers (AAI) has issued a statement urging a legislative oversight committee to direct the Connecticut Insurance Department to redraft its proposed privacy regulations. “For the third time,...
May 31 2002 // The Alliance of American Insurers (AAI) says that a recent letter on terrorism insurance sent by the Consumer Federation of America (CFA) to Senate Majority Leader Tom Daschle cited incomplete statistics and was misleading...
May 29 2002 // The Alliance of American Insurers is expressing disappointment with revised privacy regulations from the California Department of Insurance.“The California Department has ignored ample legal and public policy...
May 27 2002 // Hawaii’s 2002 legislative session ended this month with few significant property/casualty bills passed. One pressing issue facing Gov. Benjamin Cayetano’s review, however, is House Bill 2827, which would...
May 27 2002 // The Alliance of American Insurers has pointed to the U.S. Congress Joint Economic Committies (JEC) new study “The Economic Costs of Terrorism,” as further evidence that federal terrorism reinsurance legislation...
May 24 2002 // California state senators advanced legislation May 23 that would forbid insurance companies from restricting mold coverage in property and liability policies.In a 21-11 vote, the California Senate passed Senate Bill 1763,...
May 24 2002 // Recent moves have confirmed the reality of the expanding Chinese insurance market. They include an agreement between U.S. and Chinese regulators to share information; an announcement that AIG has been granted a first ever...
May 23 2002 // Skirmishing over credit-based insurance scores occupied much of the attention of the 2002 Alaska legislative session that ended last week with legislators failing to come to any agreement on the issue. The Legislature then...
May 21 2002 // The National Association of Mutual Insurance Companies (NAMIC) said it looks forward to testifying before the House Financial Services Committee during hearings on insurance regulation next month. “NAMIC’s...
May 20 2002 // Officers of the Professional Insurance Agents of New Jersey (PIANJ) met recently with Department of Banking and Insurance (DOBI) and the Association for Cooperative Operations Research and Development officials to discuss...
May 15 2002 // The Alliance of American Insurers expressed its opposition to the online privacy bill scheduled for markup on May 16 in the U.S. Senate Commerce, Science and Transportation Committee.Sponsored by Senate Commerce Committee...
May 13 2002 // U.S. District Judge Mary Ann Vial Lemmon ordered Jihad Razzaq, a 35-year old illegal immigrant from Palestine, to serve 15 months in federal prison for making a false claim to the New York Life Insurance Co. that his wife...
May 13 2002 // A federal judge has thrown out a lawsuit alleging that Credit Lyonnais and others engaged in fraudulent activity in the 1993 acquisition of the assets of the futile Executive Life Insurance Co, according to the Los Angeles...
May 13 2002 // A bill working its way through the California Assembly that would give the insurance commissioner greater authority over workers compensation rates is contrary to the state’s open competition rating law and will only...
May 13 2002 // Amid heavy lobbying on the part of financial lenders, insurers, real estate executives and even President Bush, the Democrats and Republicans in the Senate seem to have come to agreement that there is need for some kind of...
May 13 2002 // The first online continuing education course offered through the Independent Insurance Agents and Brokers of America’s (IIABA) Virtual University has been unveiled—in Texas. The course is available on the...
May 13 2002 // Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts took effect May 6. The state Insurance Department had asked insurers to comment on...
May 9 2002 // Proposed amendments to California’s fair claims settlements practices regulations exceed the Department of Insurance’s authority and would prevent insurers from settling claims in a prompt, efficient, and fair...
May 8 2002 // A National Association of Insurance Commissioners (NAIC) committee wanting to add terrorism risk to an existing plan for catastrophe reserving has agreed to slow down after the National Association of Mutual Insurance...