Latest Legislation Headlines

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

New York Completes PIN Network; Licensing, Filing, Reporting to Become More Efficient

Dec 6 2000 // New York Superintendent of Insurance Neil D. Levin announced yesterday that the New York DOI has recently completed all the requirements set forth by the State Regulation 2000 program by implementing the Producer...

Sebelius Elected NAIC President for 2001; Vaughan, Pickens Selected as Officers

Dec 5 2000 // Members of the National Association of Insurance Commissioners have elected regulators from Kansas, Iowa and Arkansas as the organization’s officers for 2001 during its Winter National Meeting in Boston.“We are...

New Hampshire Considers Privacy Regulation Proposal

Dec 1 2000 // The New Hampshire Insurance Department has proposed financial services privacy regulation consistent with the National Association of Insurance Commissioners’ model privacy regulation. During a hearing earlier this...

Fremont General Receives Regulatory Approval of Alternative Reinsurance Transaction

Nov 30 2000 // Fremont General Corporation’s ongoing property and casualty insurance subsidiaries have entered into certain agreements with the California Department of Insurance which, among other things, will allow these...

BROKER FEE REGS TAKE EFFECT

Nov 27 2000 // The new CDI broker fee regulations went into effect on Nov. 23. The regulations require that agents use a Standard Broker Fee Disclosure Form and Standard Broker Fee Agreement when a broker fee is charged on personal lines...

Ohio Legislature Passes Bill to Regulate Health Care Organizations

Nov 21 2000 // The Ohio House of Representatives approved legislation last week that would provide the Ohio Department of Insurance with an additional tool to regulate the financial solvency of Health Insuring Corporations and Health...

Minnesota Agents Voice Concern Over Credit Ratings

Nov 21 2000 // A growing number of insurance companies operating in Minnesota are using credit-rating scores to establish premiums for car drivers and homeowners. This means that in certain situations people with poor credit histories...

AIA Testifies at NAIC Speed to Market Meeting

Nov 21 2000 // The American Insurance Association testified on Nov. 20 at the National Association of Insurance Commissioners (NAIC) Speed to Market Working Group meeting in Kansas City, stressing the need for a market-based approach to...

Calif. Broker Fee Regulations Set to Take Effect

Nov 16 2000 // The new California Department of Insurance broker fee regulations will go into effect on Nov. 23. The regulations require that agents use a Standard Broker Fee Disclosure Form and Standard Broker Fee Agreement when a...

D.C. Commercial Dereg Bill Approved by Council

Nov 10 2000 // Legislation to reduce government regulation of commercial insurance in D.C. cleared another legislative hurdle yesterday when the District of Columbia Council voted unanimously to approve the “Insurance Trade and...

New York Adopts NAIC Model Privacy Regulation

Nov 10 2000 // The New York Department of Insurance issued emergency regulation Thursday in light of the Nov. 13 effective date of the Gramm-Leach-Bliley Act, adopting the National Association of Insurance Commissioners’ Model...

S&P Affirms Lloyd’s A+ Rating Following Court Ruling

Nov 6 2000 // Standard & Poor’s has affirmed its single A+ insurer financial strength rating on U.K.-based Lloyd’s Insurance Market, reflecting a judgement made by the U.K. High Court in favor of Lloyd’s. The...

Federal Appellate Court Rules Again on Slab Damage Claim

Nov 6 2000 // In 1998, the Texas Supreme Court addressed the question of whether the standard Texas homeowners’ policy covered damage to a home’s foundation resulting from a plumbing leak. The court decided that the standard...

UNIFORM REGULATIONS SOUGHT

Nov 6 2000 // The Texas Senate Economic Development Committee has approved a staff recommendation for the uniform adoption of state regulations set forth in the Gramm-Leach-Bliley Act governing the modernization of financial services...

Joint Amicus Brief Supporting N.Y. No-fault Changes to be Filed

Oct 26 2000 // Changes in New York’s no-fault auto insurance regulation will help prevent fraud and lower costs, according to an amicus brief the National Association of Independent Insurers and the American Insurance Association...

Several States Extend Privacy Deadline

Oct 18 2000 // Several states across the country have joined together in extending the deadline for compliance with new federal privacy requirements from November 13, 2000 to July 1, 2001-consistent with the federal compliance...

LAW FOR GENOCIDE VICTIMS, HEIRS

Oct 16 2000 // Gov. Gray Davis signed legislation that will permit Armernian genocide victims and their heirs to file suits in California against insurers for unpaid policies purchased by people or companies in Europe or Asia between...

Governor Signs Quake Legislation, Associations Voice Disappointment

Oct 3 2000 // As crunch time approached for acting on legislation, SB 1899, considered one of several high-profile insurance measures of this year’s legislative session, received California Gov. Gray Davis’ signature.Both...

Delaware Court Rules In Favor of Insurers

Sep 28 2000 // The Supreme Court of Delaware has affirmed a lower court opinion in favor of 28 insurers who were sued in an insurance coverage action brought by Hercules Incorporated.In 1989, Hercules, an international aerospace company,...

New Calif. Law Seeks Resolution for Armenian Genocide Victims, Heirs

Sep 27 2000 // California Gov. Gray Davis recently signed legislation that will permit Armernian genocide victims and their heirs to file suits in California against insurers for unpaid policies purchased by people or companies in Europe...