Auto Insurance, Workers’ Comp Emerge trends between 2002 Main Theme
The new laws on the State Workers’ Compensation and auto insurance are the majority of damage, insurance laws adopted by national legislators last year, according to an analysis of trends in new public d insurance legislation published by the National Association of Mutual Insurance Companies (NAMIC).
“NAMIC has an online summary of damage 239 new laws passed in 44 countries during 2002, Roger Schmelzer, Vice-President Regulatory Affairs, said.
Some trends very different problem derived from the many new laws passed by public insurance, in the year 2002. The 60 new auto insurance laws of the NAMIC survey for the greater problem of loss development laws enacted during the year 2002. The survey also shows 45 new Workers’ Compensation laws, so that the second problem most frequent trend.
“Together, these two categories account for nearly half of new claims laws in this report, Schmelzer.” Other issues very diverse trends in the study of new laws on licensing, insurance-Scoring, Finance and the form of regulations and regulation. ”
Adopt California, the largest number of new laws in the survey of 15 Florida, Arizona 12, Colorado 11 and approved. Washington has spent 10 new laws. Minnesota and Oklahoma newly approved claims laws.
At the other end of the scale, there were no new law authorizes damage in Indianapolis last year. Montana and Ohio has passed a new and significant damage right of everyone. Alabama, Delaware, Hawaii, Mississippi, New Jersey and Wyoming simply adopt two new laws.
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