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Regulatory News

CALIFORNIA
Gov. Schwarzenegger signs law preventing employers that authorize workers comp medical care from rescinding or modifying approvals for treatment already provided. >> Also signs law removing Dec. 31 sunset date for employee advance designations of doctors who would treat a workers comp injury. >> State law now bans denying workers comp to employees injured as a result of attacks at work based on race, sexual orientation, age, ethnicity, disability, gender or religion. >> Jan Frank steps down as president of State Compensation Fund. >> Peter Conlin appointed deputy commissioner for policy and regulations and counsel to the commissioner for the Department of Insurance. He replaces Bill Gausewitz, who is joining a private law firm. >> Department of Insurance lowers regulatory fees 9.8%. A 15% cut in department’s operating budget, achieved through streamlining, is credited for the fee drop. >> Proposes workers comp regulatory changes, including increasing filing time for first report of injury and relaxing some data edits to reduce claims submission rejections.
www.insurance.ca.gov

CONNECTICUT
Offers new online consumer complaint system through the Insurance Department. >> Commissioner Sullivan backs crackdown on bail bondsmen. Begins tougher enforcement actions against surety bail bond agents. Supported bill tightening laws on agents, but the bill failed to make it to the floor of the legislature.
www.ct.gov/cid/site

DELAWARE
Court of Chancery rules that two manufacturers are entitled to asbestos coverage under excess policies previously purchased by another company that was bought by the two by reason of contractual assignment of insurance collection rights upon the transfer of the business. Because it was the collection rights and not the policies themselves that were transferred, the anti-assignment provisions in the policies do not hold under New York law, which applies in this case. The judge ruled further that a pro rata method of allocating responsibility does not apply and that each excess insurer is independently responsible for all of the liability resulting from occurrences that span multiple policy periods. >> Department of Insurance working with Central Delaware Chamber of Commerce to promote the Workplace Safety Program. Businesses that pass a DOI inspection can save up to 19% in yearly workers comp premiums.
www.delawareinsurance.gov

FLORIDA
Approves average 6.8% decrease in workers comp rates for 2010. Seventh year in a row of cuts. >> Hurricane Cat Fund grows cash on hand to $4.5 billion during hurricane-free 2009. >> Allows State Farm to drop some policyholder discounts as an enticement to stay in the state. >> Approves 5.4% average rate increase for Citizens Property on homeowners, first hike allowed in three years. Commercial property residential condo association and ex-wind condo association rates to go up 10.2%.
www.floir.com

INDIANA
East Chicago, Ind., passes local ordinance requiring landlords to carry liability insurance, register with the city, and submit to regular safety inspections. Owner-occupied residences are exempt.
www.in.gov/idoi/

IOWA
Approves 2.3% rate increase for workers comp rates as of Jan. 1.
www.iid.state.ia.us

MAINE
Agrees to average 7% drop in workers comp rates starting Jan. 1.
www.maine.gov/pfr/insurance/

MICHIGAN
Approves tax breaks for Auto-Owners Insurance Group for the expansion of its corporate HQ in Delta Township under a state jobs-growth plan. The company is expected to create, 1,270 jobs, 800 of which are with the company. Construction to begin sometime after 2012.
www.michigan.gov/dleg/0,1607,7-154-10555---,00.html

MISSOURI
Towns left off of FEMA flood maps. Preliminary maps to go through lengthy appeals and comment process where changes will be addressed. >> Insurance Department conducting thorough review of laws and regs governing bail bond industry.
www.insurance.mo.gov

MONTANA
Commissioner Lindeen says the state will again waive the initial setup and annual system fees paid by investment advisor firms and investment reps to maintain the Investment Advisor Registration Depository system. The waiver doesn’t apply to state-mandated fees for firms and reps to register in the state. >> Lindeen appointed to North American Securities Administrators Association’s Federal Legislation Committee, which lobbies Congress on regulatory changes to financial industry.
http://sao.mt.gov

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