Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Ill. Supreme Court Ruling Spotlights Venue Reform
Nov 17 2005 // The Illinois Supreme Court today ruled that a lawsuit brought in Illinois by a Louisiana plaintiff did not belong in an Illinois state court. In Gridley v. State Farm , the high court remanded the issue to the circuit...
Commissioner Wooley Supports Uniform Building Codes in La.
Nov 16 2005 // The Louisiana Department of Insurance released the following statement by Commissioner of Insurance Robert Wooley to the Louisiana Legislature expressing his support for the establishment of statewide uniform building code...
As House Prepares Terrorism Insurance Bill Today, Coalition Offers Support and Senate Readies Its Own
Nov 16 2005 // Business insurance consumers represented by the multi-industry Coalition to Insure Against Terrorism have expressed their support for federal terrorism insurance legislation that will be marked up by the House Committee on...
Gov. Romney, AG Reilly and Industry Differ Over Mass. Auto Reform Plan
Nov 16 2005 // Massachusetts Gov. Mitt Romney and Attorney General Tom Reilly sparred over auto insurance this week, with Reilly saying the governor’s reform plan would create chaos for drivers and Romney accusing Reilly of failing...
Mass. Lawmakers to Hear Romney Auto Insurance Reform Package Today
Nov 15 2005 // After weeks of television ads by warring factions of insurance companies and public forums on the road by some legislators, the Massachusetts Financial Services Committee today will hold the first public hearing at the...
PCI Applauds W. Va. Gov.’s Focus on Workers’ Comp Reform
Nov 14 2005 // The Property Casualty Insurers Association of America (PCI) has applauded West Virginia Gov. Joe Manchin for calling a special session of the State Legislature in order to finalize any remaining details of the...
Insurance Regulators Hosting National Catastrophe Insurance Program Summit
Nov 14 2005 // State insurance regulators, industry representatives, catastrophe experts and consumer representatives are convening in San Francisco on Tuesday for a two-day summit in to help devise a national catastrophe insurance...
ACE USA Study Unveils Top Issues Facing Risk Managers
Nov 10 2005 // A survey of challenges facing chief risk officers and senior risk managers, sponsored by the ACE Group of Companies, reportedly demonstrates that senior risk managers are becoming increasingly worried about identify theft...
N.Y. Readies ‘Common Sense’ Broker Commission Disclosure Rules
Nov 10 2005 // New York officials are not planning to ban contingent commissions for agents and brokers but will issue regulations requiring them to disclose their compensation to clients. Superintendent of Insurance Howard Mills...
Citizens Property Board to Consider Rate Hikes When it Meets Next Week
Nov 9 2005 // Back-to-back insurance rate increases averaging 20 percent for non-hurricane premiums and 32 percent for wind-only premiums could be requested by Citizens Property Insurance Corp.’s board of directors after it meets...
Study Blames Bad Regulatory System, Not Bad Drivers, for Mass. Auto Woes
Nov 9 2005 // A new study suggests that the high cost of auto insurance in Massachusetts should be blamed on bad government, not bad drivers. The state’s rate setting system encourages drivers to file too many minor accident...
Credit-based Insurance Scoring Remains a Key Legislative, Regulatory Issue
Nov 7 2005 // Credit-based insurance scoring has been a contentious legislative and regulatory issue in the world of insurance for at least the last three or four years, but the nature of the debate has changed, Robert Detlefsen,...
National Newsbriefs
Nov 7 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
PCI Meeting Focuses on Reform of “Flawed” Regulatory System
Nov 7 2005 // Regulatory reform, terrorism insurance and the eventual impact of record-breaking natural disasters were the main topics of discussion at the annual meeting of the Property Casualty Insurers Association of America, held in...
Ethical Business Practices Essential to Success in Today’s Marketplace
Nov 7 2005 // Many insurance companies are discovering a basic truth. Integrity in business is more than just the right thing to do–it is critical to success in an increasingly complex and dynamic marketplace. When I look at where...
W. Va. Legislation Effectively Reduced Homeowners, Auto Rates
Nov 7 2005 // Automobile and homeowners rates have been dramatically reduced as a result of legislative changes made by the West Virginia Legisla-ture, Insurance Commissioner Jane L. Cline, told Professional Independent Insurance Agents...
Litigation as Corporate Reality
Nov 7 2005 // Key findings in the Fulbright & Jaworski 2005 Litigation Trends Survey: 1) Litigation Dockets — Eighty-seven percent of U.S. companies are engaged in some form of litigation in the U.S. Twenty percent had one to...
JUDGE EXTENDS ALLSTATE INJUNCTION
Nov 7 2005 // Travis County, Texas, District Judge Stephen Yelenosky has extended until Dec. 12 an injunction prohibiting Allstate Insurance Company from denying certain claims related to Hurricane Rita. In early October, the Texas...
Calif. Court Rules Illegal Immigrants Can Get Workers’ Comp
Nov 7 2005 // Illegal immigrants injured on the job are entitled to workers’ compensation benefits despite their legal status, a California state appeals court recently ruled. The 2nd District Court of Appeal ruled in a case...
California Insurance Commissioner Announces Anti-Fraud Guidelines
Nov 7 2005 // California Insurance Com-missioner John Gara-mendi has announced new Special Investigative Unit (SIU) regulations for insurance carriers licensed to conduct business in California. The regulations are a result of a...
