Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Cryptoasset Insurer Evertas Receives License to Operate in Bermuda
Jun 10 2020 // Cryptoasset insurer Evertas has received a license from the Bermuda Monetary Authority to start operating from the jurisdiction. Evertas’ operations in Bermuda will now aim to start issuing policies for theft or loss...
A.M. Best Affirms North American Casualty Group Companies’ Ratings
Jun 10 2020 // Ratings issuer A.M. Best said it has removed from under review with negative implications and affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” of five companies...
The BIG Idea for Business Interruption Coverage: What It Is and Isn’t
Jun 10 2020 // Good faith coverage disputes over pandemic-related business interruption coverage don’t have to be fought out in courts, and retroactive rewrites of business interruption coverage language are unfair, according to a...
California Consumer and Insurer Groups Square Off Over Homeowner Insurance Bill
Jun 9 2020 // A consumer group is warning that homeowners could pay billions more for their home insurance under what it calls an “insurance industry legislative attack on California’s effective rate...
Mistake in Louisiana Auto Crash Bill Could Cause Higher Damage Awards
Jun 5 2020 // After a last-minute scramble to pass the business lobby’s top priority for the regular session, Republican legislators quickly realized they mangled the language of the bill aimed at limiting damage claims against...
N.Y. Emergency Reg Requires Insurers to Expedite Claims Related to Civil Unrest
Jun 5 2020 // The New York State Department of Financial Services (DFS) has issued an emergency regulation requiring New York-regulated insurers to accelerate the claims process for businesses and individuals suffering damage as a...
Louisiana Lawmakers Consider Business Tax Breaks in Special Session
Jun 4 2020 // As Louisiana lawmakers on June 2 resumed work on piecing together a budget, their biggest unresolved financial question centered not on the coronavirus pandemic, but on how much they’ll want to give in tax breaks to...
Tech Group Sues Trump Over Order Weakening Social Media Immunity
Jun 3 2020 // An advocacy group backed by the tech industry sued President Donald Trump on Tuesday over his executive order that would weaken a law protecting online platforms including social media companies that label or fact-check...
How Florida’s Strained Insurance Market is Facing COVID-19, Hurricane Season
Jun 3 2020 // From the threat of insurer ratings downgrades to mounting carrier losses because of excessive litigation to increasing insurance rates, Florida’s insurance market got off to a rocky start in 2020. Then came the...
States Adding Laws to Shield Businesses From Liability for Coronavirus Claims
Jun 2 2020 // Four states have passed laws that grant businesses immunity from civil liability for claims relating to COVID-19, while legislation in at least three other states is advancing. The bills signed into law by the governors of...
Lloyd’s Canada Appoints Former AIG Executive Lipman as President
Jun 2 2020 // Lloyd’s announced the appointment of Marc Lipman as president, Lloyd’s Canada, and attorney-in-fact (AIF) for Lloyd’s Underwriters. Lipman assumes the role of AIF from Lisa Duval, who took the position...
Tort Reform Could Move Louisiana Closer to a Passing Grade
Jun 1 2020 // For two years in a row, Louisiana has had the ignoble distinction of finishing dead last, with a grade of “F,” in the R Street Institute’s annual report card of the insurance regulatory environment in...
Louisiana Lawmakers OK Bills to Limit Virus Lawsuits Against Businesses
Jun 1 2020 // Louisiana lawmakers want to give protections from most lawsuits for coronavirus deaths and injuries to businesses that never closed during the outbreak and those that are newly reopening. The Republican-led bills by Sen....
Boy Scouts Filing Sexual Abuse Lawsuits Face Deadline Agreed to in Bankruptcy Deal
Jun 1 2020 // Some victims of childhood sex abuse who are considering suing the Boy Scouts of America face a choice: an anguished rush to meet a deadline earlier than what lawmakers intended, or wait and sue local councils, perhaps...
Arizona Judge Rules Against Releasing Nursing Home COVID-19 Stats
Jun 1 2020 // The state of Arizona doesn’t have to publicly reveal the number of coronavirus cases and deaths among residents of nursing homes, long-term facilities and retirement homes, a state judge ruled on Friday. The ruling...
Louisiana Medical Marijuana Program Expansion Nears Final Passage
May 29 2020 // Louisiana lawmakers are one step from removing most restrictions on which medical conditions are eligible for medical marijuana, allowing doctors to recommend the treatment for any patient they believe it would help. The...
New Lawsuit Filed Against Virginia Tech Over Hazing
May 29 2020 // Another former cadet has filed a lawsuit against Virginia Tech over being suspended in connection with a blood-pinning ceremony. The lawsuit filed Wednesday in federal court alleges the university violated the due process...
Google Urges EU to Use Current Laws, Not New Ones, to Regulate Artificial Intelligence
May 29 2020 // Google has called on the European Union to use current EU laws to govern the use of artificial intelligence rather than draft new ones and cautioned against a one size fits all regulatory framework because of AI’s...
Governor Orders Probe of Failed Michigan Dams
May 29 2020 // Gov. Gretchen Whitmer has ordered an investigation to determine what caused two dams in central Michigan to fail, leading to devastating floods in several communities and forcing about 11,000 people to evacuate their...
Trump Plans Legislation Targeting Social Media Immunity
May 29 2020 // President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and Facebook, in an extraordinary attempt to regulate social media platforms...
