The U.S. House of Representatives passed H.R. 1065, the Nonadmitted and Reinsurance Reform Act of 2007, legislation that if enacted, will help increase the efficiency of the existing state-based insurance regulatory system, supporters say. H.R. 1065 is virtually the same …
At a June 21 congressional hearing in Washington, D.C., insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10 years. The Bush administration opposed this extension …
Washington’s Department of Labor and Industries has announced that beginning July 1, and over the next six months, employers and workers in the state will save an estimated $315 million in workers’ compensation premiums thanks to a partial rate holiday. …
California Insurance Commissioner Steve Poizner says most of the farmers affected by the January 2007 freeze have had their crop insurance claims settled, following his meeting with Fresno-area agricultural leaders yesterday. The briefing took place at a Bee Sweet Citrus …
Investigators with the California Economic and Employment Enforcement Coalition (EEEC) recently targeted businesses in the construction industry who were operating illegally, to root out those companies that are avoiding labor, tax and licensing laws, safety and health regulations and carry …
This week’s U.S. Supreme Court’s ruling that blocks investors from suing Wall Street investment banks under antitrust laws could save Wall Street firms a bundle by limiting investors to smaller recoveries. In a case dating back to the dot-com bubble, …
The insurance industry holds investments in municipal bonds worth more than $320 billion, investments that help fund construction of schools, roads, and hospitals, and support a variety of other public sector activities, according to a new industry study. The report …
Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney Frank — have introduced H.R. 2761, the Terrorism …
The Allianz Center for Technology (AZT), a 75-year old research facility of Germany’s Allianz SE, is holding a conference in Munich. The two-day event – entitled “Energy and Climate – Technical Solutions for Low CO2 Energy Production” – is attended …
Calif. commissioner seeks additional workers’ comp reforms California Insurance Commissioner Steve Poizner said even after the workers’ compensation reforms of 2005, there still are systemic and structural deficiencies in the system. Thus, he ordered the state Workers’ Compensation Insurance Rating …
