All the headlines from our Legislation Topic Page, ordered by recency.
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...
Nov 7 2001 // The Nevada Division of Insurance is considering ways to tweak its consumer privacy regulation so that it no longer runs contrary to state law.Nevada’s proposed privacy regulation-which spells out insurers’...
Nov 5 2001 // The National Association of Insurance Commissioners’ (NAIC) adoption of the Special Purpose Reinsurance Vehicle (SPRV) Model Act will provide a template for states to create legislation that will enable onshore...
Nov 5 2001 // If gender is eliminated from the factors Kentucky insurers use to determine auto rates, youthful female drivers state-wide would pay 6.8 percent more for their auto insurance premiums, according to a recent study.The...
Nov 2 2001 // (NAIC) adoption of the Special Purpose Reinsurance Vehicle (SPRV) Model Act will provide a template for states to create legislation that will enable onshore securitization of insurance risk for natural catastrophes.The...
Nov 1 2001 // The strength of the insurance industry in the aftermath of the Sept. 11 attacks was highlighted by William B. Hofmann III, in his farewell speech as president of the Independent Insurance Agents of America...
Nov 1 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...
Oct 30 2001 // Independent Insurance Agents of America (IIAA) President William F. Hofmann III, bestowed special IIAA Presidential Citations awards to several deserving individuals for their outstanding contributions on behalf of the...
Oct 29 2001 // Ohio Department of Insurance (ODI) filed an appeal with the Ohio Supreme Court requesting a hearing on the department’s appeal of the Tenth District Ohio Court of Appeals’ ruling on the distribution of assets...
Oct 29 2001 // In Congressional testimony, National Association of Insurance Commissioners (NAIC) President and Kansas Insurance Commissioner Kathleen Sebelius outlined the NAIC’s suggested role for the federal government in...
Oct 29 2001 // Lloyd’s of London, the world’s oldest and most visible insurer, has set about dealing with the aftermath of the terrorist attacks of Sept. 11. Two weeks after the event, it released its projected net loss...