All the headlines from our Legislation Topic Page, ordered by recency.
May 8 2002 // The Alliance of American Insurers has pointed to the U.S. Congress Joint Economic Committee’s (JEC) new study The Economic Costs of Terrorism, as further evidence that federal terrorism reinsurance legislation is...
May 7 2002 // Hospitals in Pennsylvania are estimated to be paying more than $180 million in additional premiums for medical liability insurance compared to a year ago, according to a statewide survey of medical professional liability...
May 6 2002 // Ohio Department of Insurance Director Lee Covington has signed a cooperative agreement that will increase the efficiency and effectiveness of market conduct examinations of insurance companies doing business in Ohio....
May 6 2002 // Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts will take effect May 6. The state Insurance Department has asked insurers to comment...
May 3 2002 // New York—The insurance business needs help in the form of terrorism coverage, but it’s no panacea, warns Robert V. Mendelsohn, the American Chief Executive of London-based Royal & Sun Alliance Insurance...
May 1 2002 // Insurers will not be able to use a consumer’s credit history as the sole basis for underwriting decisions under a bill approved recently by the Minnesota State Legislature, according to the American Insurance...
Apr 29 2002 // The personal automobile insurance market in Texas may not be approaching the crisis level at which the homeowners market currently finds itself, but signs indicate that it may be in for a rough ride.According to the Texas...
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has every heaped upon the consumer.Insurance companies, consumer advocates and regulators just cannot...
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has ever heaped upon the consumer.Insurance companies, consumer advocates and regulators just cannot...
Apr 29 2002 // A California insurance committee has approved legislation that would indefinitely extend the state’s experimental low cost auto insurance program and could drive up the number of underinsured motorists, according to...
Apr 23 2002 // The National Association of Insurance Companies (NAMIC) has published a State Laws and Legislative Trends report on the “Use of Credit History by Insurance Companies.”The NAMIC analysis shows: Prior to 2002, no...
Apr 22 2002 // IBA West recently outlined the major issues the successful candidate for California Insurance Commissioner will face in the coming years and outlined its goals for the future of insurance regulation in the state.IBA West...
Apr 18 2002 // The Missouri House rejected amendments pushed by Gov. Bob Holden April 15 that would have seriously impaired insurers’ use of credit-based insurance scores. The House is expected to take a final vote later this week...
Apr 18 2002 // Three bills (AB 1808, 1809, 2611) geared toward helping employers with workers’ compensation have been introduced in the California Legislature, according to the San Francisco Chronicle. Written by Assemblyman Keith...
Apr 17 2002 // The Ohio Department of Insurance announced that Governor Bob Taft signed Senate Bill 129, legislation crafted to streamline the insurance agent licensing process in Ohio. Sponsored by Senator Scott Nein (R-Middletown), ODI...
Apr 17 2002 // The Nebraska Department of Insurance recently issued instructions to insurers and banks regarding their responsibilities under the USA Patroit Act of 2001, “Uniting and Strengthening America by Proving Appropriate...
Apr 17 2002 // Senator Christopher Bond, R-Mo., introduced S. 2084 last week, a bill to amend the Internal Revenue Code of 1986 to clarify the tax exemption for small property and casualty insurance companies.Monte Ward, Federal Affairs...
Apr 15 2002 // Owners and operators of underground petroleum storage tanks are a diverse lot—from global juggernauts such as ExxonMobil, Texaco, and Shell Oil to mom-and-pop gas stations. But all underground storage tank (UST)...
Apr 15 2002 // By allowing this increase, the Department of Motor Vehicles (DMV) will be allowing an unnecessary burden on the California public, who would, eventually, be the ones paying for the increase.”Those were the sentiments...
Apr 12 2002 // WASHINGTON, D.C.—The chairman of the powerful House Financial Services Committee said here April 11 that he likes the chances for eventual passage of a federal government backup for terrorism insurance.Rep. Mike Oxley...