All the headlines from our Legislation Topic Page, ordered by recency.
Jan 14 2002 // During the first weeks of December, covering the story of whether or not Congress would pass a federal terrorism reinsurance bill before the year 2001 was out was pretty much a waiting game. At the time, most insurance...
Jan 14 2002 // The National Association of Independent Insurers (NAII) expressed its approval that HR 2299 (the Department of Transportation [DOT] and Related Agencies Appropriations Act, 2002 recently signed by President Bush) provides...
Jan 14 2002 // During the first weeks of December, covering the story of whether or not Congress would pass a federal terrorism reinsurance bill before the end of 2001 was pretty much a waiting game.At the time, most insurance industry...
Jan 10 2002 // Challenges to the use of credit scoring in underwriting and rating, and consumer privacy matters related to the Gramm/Leach/Bliley Act will top the insurance issues considered by state legislatures in 2002, according to a...
Jan 9 2002 // In a move to put together solid evidence of turmoil in the insurance and financial service markets, senior Bush administration officials privately called on business groups, stating it will be hard to win congressional...
Jan 8 2002 // Michigan Governor John Engler signed House Bill 5313, which enacts the National Association of Insurance Commissioners (NAIC) Model Producer Licensing Act and meets the producer licensing reciprocity requirements outlined...
Jan 8 2002 // Lord, Bissell & Brook, a legal firm representing London Market Insurers in a lawsuit filed against the insurers by The B.F. Goodrich Company, announced that a Summit County, Ohio court has granted summary judgment and...
Jan 8 2002 // According to a Jan. 7 Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been by approximately 20 other states in the wake of Sept. 11.The...
Jan 7 2002 // On Dec. 21, Sen. Charles Schumer (D-N.Y.), introduced the National Insurance Chartering and Supervision Act, providing for the optional federal chartering, regulation and supervision of insurance companies and agencies.The...
Jan 1 2002 // Passage of rate modernization laws and opposition to proposals that would prohibit the use of consumer credit histories to develop insurance scoring models, are on the national state legislative agenda for The National...
Dec 31 2001 // California motorists will face a number of new state laws enacted this year, including laws supporting child passenger safety, according to the Automobile Club of Southern California.“Many of the new laws target...
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Dec 24 2001 // The political stalemate that resulted in Congress’ failure to implement a federal terrorism insurance backstop could stifle an economic recovery and shifts the pressure for handling such risks to state regulators....
Dec 24 2001 // The California system held up by a consumer group as a model for auto insurance regulation in fact may have kept California consumers from enjoying billions of dollars in premium reductions over the past decade....
Dec 21 2001 // The push to enact federal terrorism insurance before the end of the year failed on Dec. 20 after promising Senate legislation was held hostage because some provisions ran contrary to the trial lawyer’s agenda,...
Dec 20 2001 // London’s Financial Times carries a report that the European Commission has completed a preliminary investigation of Lloyd’s operations and may well “open formal proceedings against the UK...
Dec 20 2001 // The National Association of Insurance Commissioners (NAIC) has begun developing a program to help states identify market conduct problems as early as possible and has adopted a proposal to make market conduct exams more...
Dec 17 2001 // The problems swirling around the twin issues of safety and insurance with regards to allowing commercial trucks from Mexico free access to U.S. highways are as thorny as a prickly pear cactus.The U.S. House of...
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the FutureThis is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth, for...
Dec 14 2001 // State insurance commissioners have advanced a model law to modernize commercial rate and form filings, with final approval possible in the spring.A working group of the National Association of Insurance Commissioners...