Monthly Archives: <span>May 2005</span>

News Briefs

MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving history. The revised Safe Driver Insurance Plan will provide …

About N.Y.’s New Superintendent

Gov. George Pataki nominated Howard Mills to succeed Gregory Serio as the state’s Superintendent of Insurance last December. Serio served as superintendent from April 2001 until February of this year, when he took a job in the private sector with …

N.J. Ruling Clears Way for Loss of Consortium Claims by Gay Couples

A judge’s ruling that a same-sex couple can sue for a loss of consortium could expand rights for gays in New Jersey. Superior Court Judge James S. Rothschild Jr. ruled that Judith Peterson and Linda Henry of Fair Lawn can …

Renew TRIA Now

Mr. President, in 2002 I co-sponsored, and Congress passed, the Terrorism Risk Insurance Act, commonly referred to as TRIA. This important legislation provided a government backstop for the terrorism insurance market that disappeared after the attacks of September 11. TRIA …

STATES ADDRESS ABESTOS ISSUES AS CONGRESS STRUGGLES:

While Congress continues to wrestle with legislation that would establish a federal trust fund to compensate individuals with asbestos-related diseases, legislatures in several key states have enacted laws that reduce frivolous lawsuits and ensure that truly ill victims are compensated …

WASH. GOV’T TAKES PRO-BUSINESS STEPS TOWARD REGULATORY MODERNIZATION:

In what may become a significant step toward regulatory modernization of property/casualty insurance in Washington state, the governor has signed into law legislation sought by the Office of Insurance Commissioner that could help businesses more quickly access commercial insurance policies, …

CALIF. ASSEMBLY INSURANCE COMMITTEE APPROVES CREDIT-BASED INSURANCE SCORING BILL:

The American Insurance Association praised the California Assembly Insurance Committee May 5 for approving a measure implementing a modification of the national model law on the use of credit-based insurance scores developed by the National Conference of Insurance Legislators. AB …

PCI SAYS INSURERS SURVIVE COLORADO LEGISLATIVE SESSION:

At the conclusion of Colorado’s recent legislative session, PCI said that the insurance industry successfully worked to preserve Colorado’s stable marketplace. Colorado’s insurance scoring law, which is based on the National Conference of Insurance Legislators model act, remained intact after …

AUTHOR PULLS BILL MANDATING CALIF. INSURER COMMUNITY INVESTMENTS:

The author of a California bill that would mandate insurer community development investments withdrew the bill from consideration for this legislative session. Assemblyman Mark Ridley-Thomas will not pursue AB 925 relating to insurer investments, making the bill a two-year bill, …

INSURERS SEEK AMENDMENT TO NEV. ‘BLACK BOX’ BILL:

The Property Casualty Insurers Association of America said it is seeking an amendment to pending Nevada legislation that would provide insurance companies with post-accident access to information contained in “black boxes” installed on newer automobiles. “Access to this data is …