Latest Legislation Headlines

All the headlines from our Legislation Topic Page, ordered by recency.

RIMS Opposes Reinsurance Tax Equity Act

Aug 13 2001 // The Risk and Insurance Management Society Inc. (RIMS) announced its opposition to the proposed Reinsurance Tax Equity Act of 2001 (HR 1755). The decision to oppose the legislation was based on concerns that it could...

IS AUTO MARKET OVERREGULATED’

Aug 13 2001 // The extensive over-regulation of automobile insurance rates in some states shines a spotlight on the potential benefits of a market-driven approach to oversight, Independent Insurance Agents of America (IIAA)...

Trade Associations React to AIA’s Support of Federal Chartering

Aug 6 2001 // The Alliance of American Insurers, the NAII and the NAMIC are among industry trade associations that have publicly reacted to the American Insurance Association’s (AIA) endorsement of an optional federal chartering...

The Edge of the Regulatory Thicket

Aug 6 2001 // The American Insurance Association’s support of a draft proposal for an optional federal charter for p/c insurance companies has once more taken the industry to the edge of the regulatory thicket.The AIA position,...

IIAA Tells Congress Auto Insurance Over-Regulated in Certain States

Aug 2 2001 // The extensive over-regulation of automobile insurance rates in some states shines a spotlight on the potential benefits of a market-driven approach to oversight, Independent Insurance Agents of America (IIAA)...

AIA’s Endorsement of Optional Federal Charter Plan Prompts Flurry of Responses from Associations

Jul 30 2001 // In an announcement released July 17, the American Insurance Association (AIA) Board of Directors stated that it has formally endorsed draft legislation that would establish an optional federal chartering structure designed...

NAIC Objects to Antifraud Bill’s GAO Audit Provision

Jul 30 2001 // On behalf of the nation’s insurance commissioners, NAIC President and Kansas Insurance Commissioner Kathleen Sebelius is urging Congress to remove a provision from H.R. 1408, the Financial Services Antifraud Network...

Missouri Working on Directive on Workers’ Comp Loss Control

Jul 27 2001 // Representatives of the insurance industry and the state workers’ compensation division met July 23 to discuss implementation of a new law that would significantly reduce requirements for insurers to report their loss...

Judge Decides in AIG’s Favor in Dispute over Auto Insurance Rates

Jul 25 2001 // An administrative law judge found in favor of American International Group, Inc. (AIG) subsidiary American International Insurance Company of New Jersey (AIIC), on eight of ten issues in a dispute with the New Jersey...

NAMIC Comments on AIA’s Optional Federal Charter Proposal

Jul 23 2001 // The National Association of Mutual Insurance Companies (NAMIC) issued the following comment from Vice President-Federal Affairs, Pamela J. Allen, on the American Insurance Association’s (AIA) proposal for an optional...

Environmental Pollution Insurance: A Fluid and Ever-changing Market

Jul 23 2001 // Environmental pollution policies – they’re not just for oil industry giants and radioactive waste depositories anymore.Even the most seemingly benign businesses may carry the risk of producing, storing or...

AIG Comments on California Appeals Court Ruling

Jul 20 2001 // A California Court of Appeal has ruled that a suit against CIGNA Corp. and its former subsidiary, Insurance Company of North America (INA) — charging both companies with illegal conduct and fraud — could...

Trade Associations React to AIA’s Move Toward Federal Chartering

Jul 19 2001 // The Alliance of American Insurers expressed strong disagreement with the American Insurance Association’s (AIA) new position endorsing an optional federal chartering plan for property and casualty insurers.Alliance...

Calif. Assembly Banking Committee Approves Controversial Financial Privacy Legislation

Jul 19 2001 // According to the American Insurance Association (AIA), despite continued opposition from the financial services industry, the California Assembly Banking Committee approved the state’s most controversial financial...

AIA Board of Directors Endorses Optional Federal Chartering Plan

Jul 18 2001 // The American Insurance Association (AIA) Board of Directors formally endorsed draft legislation that would allow property/casualty insurance companies to obtain a federal business charter. Although the AIA proposal is...

NCOIL Adopts Modernization Act in Effort to Modernize Personal Lines Regulation

Jul 18 2001 // The National Conference of Insurance Legislators (NCOIL) adopted a model bill that calls for states to adopt a use-and-file approach for personal lines rates, in what industry groups are calling a significant victory in...

NAII Gives ‘Thumbs Up’ to ‘HHS’ Privacy Guidance Document

Jul 17 2001 // The National Association of Independent Insurers (NAII) gave high marks to the Health and Human Services Administration’s (HHS) first guidance document incorporating clarifications to its regulation on protecting the...

CDI Hearings Explore Problems in Calif. Low-Cost Auto

Jul 16 2001 // Marking the first anniversary of implementation of California’s low-cost auto insurance program, the state’s Department of Insurance (CDI) held informal hearings on why the results of the program have been less...

Calif. Assembly Insurance Committee Kills Data Collection Legislation

Jul 16 2001 // Following intense opposition by the insurance industry, the American Insurance Association (AIA) reported that the California Assembly Insurance Committee defeated legislation that would have disclosed insurers’...

Oregon Legislature Wraps Up 2001 Session

Jul 13 2001 // Oregon’s legislature adjourned last weekend having once again considered a staggering number of bills during its biennial session, including dozens of insurance-related bills. Michael Harrold, Northwest regional...