Latest Legislation Headlines

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

$7M Jury Verdict Reached in Northridge Case

Jun 19 2001 // A jury awarded almost $7,000,000 in earthquake repair costs and bad faith damages on June 15 to a Culver City condominium homeowners association in a lawsuit against Scottsdale Insurance Company, according to Brian S....

Ohio First to Adopt E-Commerce Bulletin

Jun 18 2001 // Ohio has become the first state to adopt the NAIC Electronic Commerce Bulletin. Ohio Department of Insurance Director Lee Covington made the announcement at the Electronic Commerce Symposium hosted by the Electronic...

State Bills Highlight Concern About Insurance Fraud, Anti-Fraud Group Says

Jun 18 2001 // Anti-fraud reforms recently passed in Tennessee, Florida and Nevada are a signal that insurance fraud is becoming a top-tier crime around the country, according to the Coalition Against Insurance Fraud, a national...

Matters of Evolution; Revolution

Jun 18 2001 // With the possible exception of Charles Darwin, matters of evolution generally take a back seat on the news bus to matters of revolution. So it has been with the 23 bills affecting the insurance industry that struggled...

House Approves Development of National Antifraud Network

Jun 15 2001 // A computer network that would link together the existing databases of U.S. state and federal banking, securities and insurance regulators in an effort to combat financial fraud could soon be a reality, much to the pleasure...

NAMIC Details Efforts to Modernize State Regulation at NAIC Meeting

Jun 12 2001 // The National Association of Mutual Insurance Companies (NAMIC) did much more than detail its actions to achieve regulatory modernization at the state level to insurance regulators meeting in New Orleans last weekend.Naming...

Nevada Legislature Wraps Up 2001 Session on Positive Note

Jun 12 2001 // The Nevada State Legislature adjourned last week following several important victories for the insurance industry, according to lobbying groups.Passage of measures benefiting insurers and the defeat of several trial...

IIAA Hails Enactment of ‘RELIEF’ Tax Bill

Jun 11 2001 // Millions of small businesses stand to benefit from the just-enacted Restoring Earnings To Lift Individuals and Empower Families (RELIEF) Act, which institutes changes that will lower tax bills and help perpetuate...

California State Assembly Approves Premium Tax Bill

Jun 11 2001 // Legislation sponsored by the American Insurance Association (AIA) moved one step closer to becoming law when the California State Assembly voted Thursday to approve a measure continuing the 20-percent premium tax credit...

GLBA in a Nutshell:

Jun 11 2001 // What: The Gramm-Leach-Bliley Act (GLBA) regulations create unprecedented new obligations for insurance agents to adopt comprehensive privacy policies for handling customers’ personal information.When: Among other...

Financial Services Integration: A Question of Privacy

Jun 11 2001 // Mailboxes throughout the West have been rapidly filling with literature outlining the “Privacy Policy” of virtually every organization that has ever taken a credit application.As the Gramm-Leach-Bliley Act...

NAMIC Survey Shows Most States Will Not Meet GLBA Deadline

Jun 11 2001 // Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance...

Oregon Supreme Court Quashes Exclusive Workers’ Comp Remedy

Jun 11 2001 // In the multi-decade card game that is the Oregon workers’ compensation system, the state Supreme Court trumped the Legislature (and employers) by issuing a unanimous decision that erodes the exclusive remedy...

NAIC Commences Summer Meeting in New Orleans

Jun 8 2001 // The National Association of Insurance Commissioners (NAIC) will hold its Summer National Meeting in New Orleans, La., this weekend.After considerable deliberation, the Meetings Coordination Task Force decided against...

NAII Notes Build in Momentum as 25 States Sign Producer Licensing Bills

Jun 7 2001 // With over a year remaining on the November 2002 deadline, 25 state legislatures have enacted reciprocal producer licensing laws while bills in another 11 states are awaiting the governors’ signatures.The producer...

Ill. Producer Licensing Legislation, Insurance Guaranty Fund Bills Await Governor’s Signature

Jun 6 2001 // As the 2001 Illinois General Assembly session comes to a close, the insurance industry awaits Governor Ryan’s signature on bills addressing producer licensing and the State insurance guaranty fund. The National...

AIA Seeks Exemption for Workers’ Comp Managed Care Programs

Jun 6 2001 // The American Insurance Association (AIA) is calling on the Massachusetts Legislature’s Joint Health Care Committee to approve an AIA-filed bill (HB 3310) to exempt workers’ compensation programs from new...

NAII Calls Defeat of Privacy Bill Victory for Calif. Consumers

Jun 5 2001 // Financial privacy legislation that would have limited services to policyholders and increased costs for insurers failed to reach a majority vote Wednesday in California’s Assembly Banking & Finance Committee.At...

NAMIC Endorses Increase of Small Company Tax Exemption

Jun 4 2001 // The country’s smallest, mostly rural, insurance companies would receive a tax benefit if federal legislation introduced recently becomes law.Reps. Jim Nussle, R-Iowa; Jim Ramstad, R-Minn.; and Earl Pomeroy, D-N.D.;...

The Big ‘I’ Goes to Washington

Jun 4 2001 // It was a new year, a new administration, and a new round of visits on Capitol Hill. Although not as critical a legislation year as past years, the issues remained as pressing as ever, and the 800 attendees of the 25th...