Latest Legislation Headlines

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

Paying for Holocaust Insurance Claims

Mar 5 2001 // The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My...

Illinois DOI Budget Tops $33 Million

Feb 28 2001 // Illinois Governor George H. Ryan proposed a Fiscal Year 2002 budget of $33.6 million for the Illinois Department of Insurance including programs that protect consumers. Less than 1.5 percent of the total amount proposed...

Lloyd’s Calls Bankruptcy Bill Provision A Get Out of Jail Free Card

Feb 27 2001 // A special provision, added to the currently pending legislation in Congress to overhaul the U.S. Bankruptcy law, aims to prevent Lloyd’s from collecting debts from U.S. “Names”(individual Lloyd’s...

Court Rules Against State Fund in Schaefer Ambulance Case

Feb 26 2001 // Seven years after an initial lawsuit was filed, the California Supreme Court made a ruling unfavorable to the California State Compensation Insurance Fund (SCIF) in the case of State Compensation Insurance Fund,...

Kreidler Tells IIABW He Will Create Responsive Regulatory Body

Feb 26 2001 // Washington’s new Insurance Commissioner gave the Independent Insurance Agents & Brokers of Washington something to hope for at the IIABW Legislative Day in Olympia on Jan. 31.Bill Stauffacher, IIABW lobbyist,...

ROOM FOR EXPRESSION

Feb 26 2001 // The California Department of Insurance (CDI) insists the goal of a proposed emergency regulation is to make sure that insurers use plain English on all posted market conduct exams, but according to the NAII, the use of...

States Strive for Consistency in Complying with New Privacy Provisions

Feb 26 2001 // The 2001 state legislative sessions are off and running. Among the more pressing challenges this year for a number of insurance commissioners and lawmakers is reaching compliance with the privacy provisions of the...

Insurance Regulators Team Up at PricewaterhouseCoopers

Feb 22 2001 // PricewaterhouseCoopers LLP, the world’s largest professional services organization, has hired former New York and Maryland insurance commissioner Edward Muhl, Kenneth Gibson, Roger Langley and Lynne Hepler in the...

Texas Case Watched Closely By Surplus Lines Industry

Feb 19 2001 // The Comptroller of Public Accounts in Texas is planning an appeal of a Third District Court ruling that found Dow Chemical Co. did not owe the comptroller taxes on independently procured insurance. The Comptroller’s...

Michigan DOI Eliminates Obsolete Regulatory Language, Changes Agent Licensing Requirements

Feb 14 2001 // Michigan Financial and Insurance Services Commissioner Frank M. Fitzgerald announced three measures today that reduce unnecessary regulatory burdens on the financial institution and insurance industry.The measures...

NAII Decries Bill Restricting Insurers’ Comments on Market Conduct Exams

Feb 13 2001 // The California Department of Insurance insists the goal of a proposed emergency regulation is to make sure that insurers use plain English on all posted market conduct exams, but according to the National Association of...

Full Speed to Market Initiatives Underway in 2001

Feb 12 2001 // The National Association of Insurance Commissioners announced today that Alabama, Arkansas, Indiana and Ohio will join the previously named states of Maine, Michigan, New York, Oregon, Pennsylvania and Texas for the...

NAPSLO Legislative Report: Surplus Lines Issues Covered at NAIC Meeting

Feb 12 2001 // NAPSLO Legislative Report: Surplus Lines Issues Covered at NAIC MeetingWith the end of the year 2000 state legislative sessions and the U.S. Congress winding down its post-election lame duck session, legislative activity...

BANKING ACT BRINGS INSURER PROTEST

Feb 12 2001 // The Independent Insurance Agents of America (IIAA) and the National Association of Insurance and Financial Advisors (NAIFA) expressed opposition to the draft National Bank Act, which was recently proposed by the American...

INSURERS CITE DATA LIMITS

Feb 5 2001 // Four insurance trade associations have said they cannot supply data to federal safety regulators that will indicate whether certain passenger vehicles pose a potential danger to consumers. In a joint statement filed with...

Bank Proposal for Federal Insurance Oversight Opposed by Industry

Feb 1 2001 // The American Bankers Association Insurance Association has proposed the legislation that would effectively create two new federal charters – one for insurance companies and a second for insurance agencies – and...

IIAA Supports Bill to End Death Taxes

Feb 1 2001 // The Independent Insurance Agents of America expressed approval over the introduction in the U.S. House of Representatives of legislation to eliminate estate and gift taxes. IIAA is supporting the Death Tax Elimination Act...

New Lawsuit Filed Against Credit Lyonnais

Jan 31 2001 // A group of investors, whose bid for Executive Life was rejected in favor of Credit Lyonnais’ offer, have filed suit in L.A. Superior Court against the French Bank seeking $2 billion in damages for alleged fraud. The...

N.H. House Bill Addresses High Court Interpretation

Jan 30 2001 // A hearing will be held tomorrow in the House Commerce Committee on a bill sponsored by the National Association of Independent Insurers.The bill is designed to address issues raised by 1999’s controversial...

Conn. Court Rules for Travelers

Jan 30 2001 // The Connecticut Supreme Court ruled in favor of Travelers Casualty and Surety Co. and other insurers Monday, the Associated Press reports, concluding their policies did not obligate them to help pay thousands of...