All the headlines from our Legislation Topic Page, ordered by recency.
Jun 12 2000 // Nobody likes to lose their shirt, least of all insurers. So it’s no surprise that, following the huge losses caused by natural disasters in the past few years, insurers have bolted from the homeowners market, leaving...
Jun 2 2000 // A Pennsylvania state judge has ruled that Insurance Commissioner M. Diane Koken must stop “stonewalling” American Re-Insurance Co.’s application for regulatory approval to buy surplus lines insurer United...
May 30 2000 // A.M. Best’s Captive Directory 2000 Edition now ranks Vermont third in the world, surpassing Guernsey for captives domiciled behind Bermuda and the Cayman Islands. Vermont is home to more than twice as many captive...
May 29 2000 // The Superior Court of the State of California recently made a ruling favorable to ACE Ltd. in a lawsuit brought about by subsidiaries of AIG and Chubb. The lawsuit focused on a restructuring plan implemented in 1996 by INA...
May 26 2000 // A $7.1 billion bailout for American farmers hurt by depressed crop prices was approved Thursday by Congress. If approved by President Clinton, as is expected, the bill would make federal crop insurance cheaper and easier...
May 25 2000 // Last October Lloyd’s produced a working document entitled “Developing Broker Relationships,” which proposed sweeping changes in the accreditation and regulation of Lloyd’s brokers.Now the results of...
May 23 2000 // The Insurance Institute of America has developed a new designation for people who need to understand the regulatory environment and the effect regulation has on the business of insurance. The Associate in Regulation and...
May 23 2000 // The Superior Court of the State of California recently made a ruling favorable to ACE Ltd. in a lawsuit brought against that company by subsidiaries of AIG and Chubb. The lawsuit focused on a restructuring plan implemented...
May 18 2000 // In a significant victory for independent agents, a federal appellate court yesterday unanimously affirmed a lower-court decision that overturned an Office of the Comptroller of the Currency (OCC) ruling permitting national...
May 16 2000 // Highlights of the otherwise quiet 2000 legislative session for insurers in Arizona included the passage of House Bill 2069 and Senate Bill 1130–two laws that will help further online insurance sales and modify auto...
May 15 2000 // Trolling for new business leads has been the bane of insurance agents for decades. Electronic data mining has eased the pain, but there are many gray areas as the call for consumer privacy grows louder.It was a bet with a...
May 12 2000 // The Insurance Regulatory Information Network has changed its name to the National Insurance Producer Registry to reflect the group’s accelerated effort to establish national producer licensing for the insurance...
May 10 2000 // The National Association of Professional Insurance Agents has adopted a policy position favoring a newly evolved system of oversight and guiding PIA participation in the insurance regulatory reform efforts of the National...
May 8 2000 // State legislators hold the key to preserving state insurance regulation, an official of the National Association of Mutual Insurance Companies (NAMIC) told an audience at the spring meeting of the National Conference of...
May 2 2000 // President Clinton over the weekend proposed new privacy legislation allowing consumers to stop financial companies from sharing information about them.Clinton made the comments during a commencement address at Eastern...
May 1 2000 // Recent legislation has industry circles wrestling over the ongoing question: What makes an agent an agent and a broker a broker?An agent is traditionally defined as a licensed individual or organization authorized to sell...
Apr 26 2000 // The Department of Transportation has proposed new rest requirements for truck drivers in an effort to reduce the number of accidents caused by exhaustion.The American Trucking Association opposes the new rules, saying such...
Apr 26 2000 // A letter was recently sent to House Commerce Committee Chairman Tom Bliley (R-Va.) outlining IIAA’s and NAIFA’s concerns with e-signature legislation pending before a House-Senate conference committee. Bliley...
Apr 26 2000 // Colorado Gov. Bill Ownes has signed a bill changing insurer rate filings for workers’ comp, medical malpractice written by the joint underwriting association, and credit insurance from prior approval to file and use....
Apr 11 2000 // A U.S. District judge is expected to approve a $1.25 billion accord reached more than two years ago by Swiss banks to settle claims of that they never returned valuables deposited by Holocaust survivors prior to World War...