All the headlines from our Legislation Topic Page, ordered by recency.
Dec 12 2001 // The U.K.’s Court of Appeal overruled a lower court decision that allowed workers suffering from asbestos related diseases to seek damages in cases where they had worked for more than one employer, who may have caused...
Dec 12 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 10 2001 // The American Insurance Association (AIA) commended the U.S. House of Representatives for passing legislation to grant Trade Promotion Authority (TPA) to the President.“This legislation is important to insurance...
Dec 10 2001 // In what is viewed by many leading insurance industry organizations as a significant step in the right direction, the U.S. House of Representatives passed the Terrorism Risk Protection Act (HR 3210) by a vote of 227-193 on...
Dec 4 2001 // Britain’s Financial Service Authority (FSA), which officially took on broad new regulatory powers over the insurance industry on Dec.1, plans to increase its surveillance, not only by requiring enhanced and more...
Dec 4 2001 // The Government of Bermuda has transferred responsibility for regulating the island’s insurance operations from the Finance Ministry to the Monetary Authority in a move seen by analysts as increasing transparency and...
Dec 3 2001 // At its recent meeting, the National Conference of Insurance Legislators (NCOIL) deferred formal action on proposed amendments to its Personal and Commercial Lines Regulatory Modernization Model Act.The Model Act, adopted...
Dec 3 2001 // New state laws concerning workers’ compensation, automobile insurance, financial and other regulatory requirements account for over half of the property/casualty-related insurance laws enacted by state legislatures...
Nov 30 2001 // The U.S. House of Representatives passed the Terrorism Risk Protection Act (HR 3210) by one vote of 227-193 on the afternoon of Nov. 29. According to the Independent Insurance Agents of America (IIAA), the legislation...
Nov 29 2001 // At its recent meeting, the National Conference of Insurance Legislators (NCOIL) deferred formal action on proposed amendments to its Personal and Commercial Lines Regulatory Modernization Model Act.The Model Act, adopted...
Nov 27 2001 // Liability insurance is not designed to cover each drink served to an already intoxicated customer as a separate incident, with maximum policy limits applying separately to each one, according to the National Association of...
Nov 26 2001 // The California Supreme Court recently upheld the new law that insurance companies can be sued for their failure to cover damage that their adjusters mistakenly overlooked, even when the legal deadlines for such lawsuits...
Nov 20 2001 // New state laws concerning workers’ compensation, automobile insurance, financial and other regulatory requirements account for over half of the property/casualty-related insurance laws enacted by state legislatures...
Nov 15 2001 // Insurers have started warning thousands of companies that policies will be canceled in 45 days, as Congress remains deadlocked over how to help the industry survive any huge claims resulting from terrorism, according to a...
Nov 13 2001 // Commercial insurers face a potentially untenable situation if the federal government fails to pass legislation that would help cushion terrorism costs to the industry by the end of November, and if state insurance...
Nov 12 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Nov 12 2001 // The National Association of Independent Insurers (NAII) is urging the National Conference of State Legislatures (NCSL) to support a model bill for the regulatory modernization of personal lines that provides a competitive...
Nov 12 2001 // The National Association of Insurance Commissioners recently adopted the Special Purpose Reinsurance Vehicle (SPRV) Model Act. The act will provide a template for states to create legislation that will enable onshore...
Nov 9 2001 // Attorneys who represent insurance policyholders warned House Financial Services Committee Chairman Michael Oxley on Nov. 7 that, “in the rush by the insurance industry to maximize financial gain through legislative...
Nov 7 2001 // The California Supreme Court ruled on Nov. 5 that insurance companies may be sued in their failure to cover damage that their adjusters mistakenly overlooked, even if the legal deadlines for such lawsuits have...