All the headlines from our Legislation Topic Page, ordered by recency.
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...
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...
Oct 29 2001 // Carrying on with business after the tragic terrorist attacks on Sept. 11, the National Association of Independent Insurers (NAII) will hold its 56th annual meeting in New Orleans Nov. 4-7 as scheduled.Speakers at the...
Oct 24 2001 // The New York State Court of Appeals recently ruled that insurance companies must treat settlements that “are not linked by a common origin” separately, and cannot combine them in order to tap into reinsurance...
Oct 23 2001 // The Pennsylvania Supreme Court has reversed a lower court decision which had barred an action against Liberty Mutual and other insurers brought by Sunbeam Corp. and a number of other plaintiffs, seeking to recover claims...
Oct 22 2001 // A judge has added $1.8 million in punitive damages to a $3 million jury verdict in the fraud trial of two Chicago area insurance companies accused of dragging their feet in paying out claims.According to a report in the...
Oct 19 2001 // A new law modernizing regulation of commercial insurance, now in effect in Missouri, will stimulate competition by eliminating unnecessary bureaucracy.The new law, enacted as Senate Bill 186, specifies that all commercial...
Oct 18 2001 // The National Association of Independent Insurers (NAII) expressed satisfaction that for the third time in as many years, California Gov. Gray Davis vetoed a workers’ compensation reform bill that failed to adequately...
Oct 15 2001 // After security workers at San Jose International Airport allegedly lost a carry-on bag containing more than $100,000 in jewelry, the bag’s owner attempted to sue for damages. However, a split panel of the 9th U.S....
Oct 15 2001 // Although another terrorist attack is a concept too awful to imagine, as an industry, our job is to protect against the unthinkable. That’s why insurers and reinsurers alike are lining up to support the creation of a...
Oct 8 2001 // Carrying on with business after the tragic terrorist attacks on Sept. 11, the National Association of Independent Insurers (NAII) will hold its 56th annual meeting in New Orleans Nov. 4-7 as scheduled.Speakers at the...