Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Groups Urge Regulatory Constraint at Fla. Mold Hearings
Aug 21 2002 // Both the American Insurance Association (AIA) and the Alliance of American Insurers urged Florida policyholders, insurers, and regulators to take a rational approach to mold issues at a recent hearing held by the...
Atlantic Mutual Announces Statutory Financial Results
Aug 21 2002 // Atlantic Mutual Companies, a New York-based mutual insurance company providing commercial and personal coverages through independent agents and brokers, announced unaudited statutory financial results for the second...
Fla. Department Clarifies who is Exempt under New Workers’ Comp Law
Aug 20 2002 // A key administrative rule has been published clarifying which tradespeople must have workers’ compensation coverage in order to work on commercial construction projects valued at $250,000 or more, according to...
N.Y. Agents Group Enlists Members in Opposition Against Spousal Liability Legislation
Aug 19 2002 // The Independent Insurance Agents Association of New York Inc. is urging more than 18,000 workers employed by the 1,900 agencies the Syracuse-based trade association represents to join a grass-roots efforts against...
Lobbying Groups Gear Up for Legislative Session
Aug 19 2002 // Even though the next Texas legislative session is still months away, lobbying organizations with ties to insurance are polishing their strategies for influencing state lawmakers. Last month, the Austin American Statesman...
OKLA. REFORM ORDER PRAISED
Aug 19 2002 // An order signed last week by Oklahoma Insurance Commissioner Carroll Fisher will ease regulatory restrictions on an insurer’s ability to develop and introduce new commercial lines insurance products in the state,...
AB 2996 Could Allow DMV to Arbitrarily
Aug 19 2002 // The California Department of Motor Vehicles (DMV) is attempting to create a way to raise the rates charged for motor vehicle reports through Assembly Bill 2996. Earlier this year, the DMV attempted to raise the rates from...
Nev. Company Says No to Lowering Rates
Aug 16 2002 // A nonprofit company put together last spring by Nevada to offer medical malpractice insurance for physicians having difficulty obtaining affordable coverage has chosen not to lower rates, according to an Associated Press...
NAII Says Colo. No-Fault Regulation Would Not Allow Pre-Authorization Requirement for Medical Care
Aug 16 2002 // A proposed Colorado regulation would prohibit auto insurers from requiring pre-authorization before someone injured in an auto accident receives medical treatment under the state’s no-fault insurance law, according...
Wash. Begins Adopting Credit-Scoring Regulation
Aug 15 2002 // Washington State Insurance Commissioner Mike Kreidler has begun the process of adopting a regulation to implement the new law restricting insurers’ use of credit-based insurance scores. He hopes to adopt a final rule...
NAII Says Iowa Privacy Regulations Would Penalize Single Infractions
Aug 14 2002 // Under Iowa’s proposed regulation on consumer privacy, an insurer could be penalized for a single instance of failing to comply with its requirements, according to the National Association of Independent Insurers...
IIABA’s Soto Chosen as Panelist for Bush Economic Forum
Aug 13 2002 // Alex Soto, a member of the Independent Insurance Agents & Brokers of America’s (IIABA) Executive Committee, will participate in a White House-led economic forum hosted by President Bush and Vice President Cheney...
AAI Supports Newly Revised HHS Medical Privacy Regulations
Aug 13 2002 // The Department of Health and Human Services struck the right balance between privacy and practicality concerns in revising its medical privacy regulations, according to the Alliance of American Insurers. HHS announced Aug....
S&P’s Publishes Enhanced Criteria in Analyzing Eligibility of New Classes of Hybrid Capital
Aug 13 2002 // Standard & Poor’s has published enhanced criteria for analyzing the eligibility of new classes of hybrid capital issued by insurers and banks. The article, “Mandatory Convertibles: New Hybrid Capital...
IIABA Hails NAIC State Licensing Certifications
Aug 12 2002 // The National Association of Insurance Commissioners (NAIC) preliminary determination that 35 states are in compliance with Gramm-Leach-Bliley Act (GLBA) licensing provisions is very positive news, although agents and...
Labor Secretary Affirms Bush Support on Health Legislation
Aug 8 2002 // U.S. Secretary of Labor Elaine Chao has affirmed the Bush administration’s support for legislation permitting small employers, working through trade associations, to jointly acquire health insurance for their...
Maine Supreme Court Rules Against Diminished Value Concept
Aug 8 2002 // According to the National Association of Independent Insurers (NAII), The Maine Supreme Judicial Court handed another victory to the insurance industry in a recent ruling where it rejected the diminished value...
Judge Dismisses N.D. Crop Lawsuit
Aug 7 2002 // A judge in Fargo, N.D. dismissed a lawsuit against the U.S. Department of Agriculture over the agency’s cancellation of a type of federal crop insurance for durum wheat last year. According to the Associated Press,...
NAII Says Capping Med Mal Damages Key to Stabilizing Market
Aug 6 2002 // A bill that passed the Nevada Legislature during a special legislative session last week should curb excessive litigation, which will help restrain increases in the cost of medical malpractice insurance and improve the...
New Florida Insurer of Last Resort Now in Operation
Aug 6 2002 // Florida Treasurer and Insurance Commissioner Tom Gallagher announced that Citizens Property Insurance Corporation (Citizens) has taken over as the state’s insurer of last resort for consumers unable to obtain...
