American Insurance Association

• New Medicare Secondary Payer Amendment Proposed

  By Arthur D. Postal, PropertyCasualty360.com  |  May 16, 2013

  Congress is again being asked to amend the Medicare Secondary Payment Act, just six months after enacting reform legislation dealing with the issue, which took five years to pass congressional muster.

• Indiana Governor Signs Workers Comp Reform

  By Chad Hemenway, PropertyCasualty360.com  |  May 14, 2013

  The law imposes a hospital fee schedule with a maximum reimbursement rate of 200 percent of the Medicare rate for treatments and procedures to workers’ compensation claimants.

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  Bill Introduced to Extend TRIA for 10 Years

  By Elizabeth D. Festa, PropertyCasualty360.com  |  May 10, 2013

  Legislation to extend the Terrorism Risk Insurance Act for a decade has been introduced in the House.

• Oklahoma Bill Partially Privatizes Last-Resort WC Insurer

  By Arthur D. Postal, PropertyCasualty360.com  |  May 8, 2013

  The Oklahoma legislature passed legislation partially privatizing CompSource, but AIA says it's not a true privatization because the state will maintain substantive control over it.

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  Oklahoma Passes Bill Allowing Employers to Opt Out of Workers' Comp System

  By Arthur D. Postal, PropertyCasualty360.com  |  May 1, 2013

  Oklahoma is joining Texas as the only states that allow employers to opt-out of the workers’ compensation system.

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  Tennessee Gov. Signs Workers Comp Reform

  By Arthur D. Postal, PropertyCasualty360.com  |  May 1, 2013

  Tennessee has enacted legislation to replace its court-based workers compensation dispute-resolution system with an administrative process used by most states.

• Florida Bill to Erase Tax Credits Opposed by Industry

  By Chad Hemenway, PropertyCasualty360.com  |  April 25, 2013

  The insurance industry in Florida has banded together to urge the Florida House of Representatives to repeal a bill to rescind a tax credit on insurance companies’ payrolls.

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  Senator Warner: Reauthorize TRIA for the Next Decade

  By Mark E. Ruquet, PropertyCasualty360.com  |  April 18, 2013

  Sen. Mark Warner says Congress should consider reauthorizing the Terrorism Risk and Insurance Act for 10 years or longer because it is in the long term economic interest of the nation.

• Latest IAIS Paper Continues to Favor Subsidiary Structure for Companies

  By Elizabeth D. Festa, PropertyCasualty360.com  |  April 17, 2013

  The U.S. insurance industry says a subcommittee of the International Association of Insurance Supervisors continues to encourage countries to favor a subsidiary structure—a move the industry claims limits freedom of organization.

• Industry Sees Boston's Importance for TRIA; Focus Now on Justice, Recovery

  By Arthur D. Postal, PropertyCasualty360.com, Elizabeth D. Festa, PropertyCasualty360.com  |  April 16, 2013

  The head of the Insurance Information Institute says in the wake of the bombing tragedy at the Boston Marathon that the stability of the terrorism risk insurance market is contingent on sustaining a federal terrorism risk insurance backstop.

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  Tennessee House Volunteers its Workers' Comp Dispute-Resolution Bill

  By Arthur D. Postal, PropertyCasualty360.com  |  April 15, 2013

  Tennessee has taken another important step in replacing its court-based workers' compensation dispute resolution system with an administrative process.

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  NAIC CEO Nelson 'Ready to Fight Immediately' for State Regulation

  By Elizabeth D. Festa  |  April 9, 2013

  National Association of Insurance Commissioners CEO Ben Nelson, and a group that says it is poised to defend state regulation, upped the rhetoric against federal insurance supervision while at an event here.

• Industry Against Opt-Out Provision in Oklahoma Workers' Comp Bill

  By Arthur D. Postal, PropertyCasualty360.com  |  April 8, 2013

  Workers compensation reform legislation debated by lawmakers in Oklahoma continues to contain a provision opposed by insurance trade groups.

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  Tennessee Looks to Change Workers' Comp Dispute Resolution System

  By Arthur D. Postal, PropertyCasualty360.com  |  April 4, 2013

  Tennessee is moving to replace its court-based workers compensation dispute-resolution system with an administrative process used by all but three states.

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  Senate Banking Committee Chairman Will Not Seek Re-Election

  By Arthur D. Postal, PropertyCasualty360.com  |  March 27, 2013

  Sen. Tim Johnson, D-S.D., chairman of the Senate Banking Committee, has announced he will not run for re-election.

• TRIA Renewal an 'Uphill Climb,' Associations Warn

  By Arthur D. Postal, PropertyCasualty360.com  |  March 22, 2013

  The top staff official of the Property Casualty Insurers Association of America is warning the industry that reauthorization of the Terrorism Risk Insurance Act will be an “uphill climb” in this Congress.