All the headlines from our Legislation Topic Page, ordered by recency.
Mar 20 2002 // Legislation that would prohibit insurers from canceling or non-renewing policyholders based solely on their credit-based insurance score passed the Minnesota Senate last week.“While Senate File 2363 is an improvement...
Mar 20 2002 // Insurers were pleased as the National Association of Insurance Commissioners (NAIC) adopted its Commercial Lines Rate and Form Model Act at its Executive Committee meeting during the Spring Meeting in Reno this week.The...
Mar 20 2002 // The Wisconsin State Assembly passed the Budget Reform Act early March 15, minus a proposed prohibition on insurers’ use of credit-based insurance scores.The passage of the budget bill, combined with the demise of a...
Mar 20 2002 // Insurers faced some stiff opposition in the recently concluded Washington legislative session according to the National Association of Independent Insurers (NAII). Insurers succeeded in improving the initial version of...
Mar 20 2002 // A federal judge has refused financier Martin Frankel’s request to dismiss alleged racketeering charges against former aide Mona Kim as well as a request that she be tried separately, according to the Associated...
Mar 19 2002 // New York State Insurance Department Superintendent Gregory V. Serio urged the State’s Assembly to pass pending legislation which would extend the use of Risk Based Capital standards to property/casualty insurers.The...
Mar 18 2002 // The National Association of Mutual Insurance Companies (NAMIC) will propose 12 market regulation recommendations that state insurance regulators should incorporate as they develop a more analytical approach to market...
Mar 15 2002 // A proposed regulation that would restrict an insurance company’s access to information about accident history would make it difficult for California carriers to be certain that an individual is entitled to a good...
Mar 14 2002 // Regulatory modernization, market conduct and examinations, and credit scoring will be the top issues at the National Association of Insurance Commissioners (NAIC) Spring Meeting (March 16 -19) in Reno, according to...
Mar 12 2002 // The Professional Insurance Agents of New York State has gone on record as opposing proposed legislation to reinstate collision damage waivers on private passenger vehicle rentals.Collision Damage Waivers (CDWs) –...
Mar 11 2002 // The New Jersey Department of Banking and Insurance is proposing a regulation (PRN2002-103) that would change the way insurers calculate profits on personal automobile insurance. New Jersey statutes establish a reasonable...
Mar 11 2002 // The Independent Insurance Agents of America (IIAA) is telling state legislators that persuading insurers to modify their business practices offers a more effective solution than regulation in the debate over the use of...
Mar 11 2002 // The Idaho House Business Committee approved a bill March 7 prohibiting insurers from charging a higher premium or deciding not to insure a person based primarily on his or her credit rating or history. The bill now is...
Mar 11 2002 // National Association of Insurance Commissioners’ (NAIC) draft language on self-audit legislation will help insurers comply with state laws and regulations without opening their doors to frivolous lawsuits or...
Mar 11 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) held its mid-year meeting Feb. 24-27 in San Antonio, Texas—the largest such meeting in the history of the association.Originally scheduled for last...
Mar 8 2002 // The Alliance of American Insurers praised House Financial Services Committee Chairman Michael Oxley (R-OH) for signaling his desire to make necessary compromises with the Senate to pass a terrorism insurance bill in...
Mar 8 2002 // The National Conference of Insurance Legislators (NCOIL) maintained the spirit of its regulatory modernization model law and added only two of the proposed amendments during its Spring Meeting in Charleston, S.C., which...
Mar 8 2002 // The New Jersey Appellate Court’s March 4, 2002 decision to uphold the pre-certification medical guidelines of the Auto Insurance Cost Reduction Act of 1998 (AICRA) is a positive step in promoting true auto reform,...
Mar 8 2002 // A bill that would virtually prohibit insurers from using credit scoring in underwriting auto and homeowners coverage in Connecticut is unnecessary in light of federal law and insurance department regulations, according to...
Mar 7 2002 // The state Senate has passed legislation restricting insurers’ use of credit-based insurance scores in Washington. House Bill 2544 passed the Senate March 4 by a 36 to 11 vote and now goes to Gov. Gary Locke, a...