Time to Promote an Insurance Agenda

Article Abstract:

The insurance industry has experienced great success in lobbying Congress, but lobbyists for the property/casualty insurance industry face many big issues in the upcoming 106th Congress, including financial-services regulatory reform. Regulatory reform is a major priority of the insurance industry, but it may not be a major issue to Congress itself as Sen Phil Gramm (R.-TX), who succeeds Al D'Amato as chairman of the Senate Banking Committee, helped killed reform in 1998. Workers' compensation insurers hope to weaken a medical-records privacy bill that Congress must pass as part of the Health Insurance Portability and Accountability Act. Workers' comp insurers want access to medical information. Other issues of interest to the industry are natural-disaster reform and Superfund reform.

United States, Government regulation, Property & Liability Insurance, Administration of Air and Water Resource and Solid Waste Management Programs, Surety insurance, Toxic Substances Regulation, Financial services, Political activity, Property and casualty insurance, Political aspects, Deregulation, Industry regulations, Property and casualty insurance industry, Hazardous wastes, Gramm, Phil, Superfund

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Good intentions, bad policy

Article Abstract:

Workers' compensation insurance companies doubt the effectiveness of government-mandated programs which aim to give workers' insurance premium credits to companies that develop and implement workplace substance abuse control programs. At first glance, employee substance abuse programs are sensible and are based on sound business reasons. Companies' assertion that their drug control programs work lacks supporting evidence. The government needs to consider various factors before endorsing a regulatory approach to workplace drug use prevention which involves insurance premium credits.

Employee drug abuse

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Comp settlements bill remains stuck in Congress

Article Abstract:

Support is mounting in the Congress for a legislative proposal that would expand the scope of structured settlements to include people covered by states' workers' compensation systems. Under the proposal, a worker injured on the job would receive periodic payments to be funded through U.S. Treasury securities and life insurance company annuities. Previously, structured settlements were only available to tort plaintiffs.

Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Special Disability Insurance, Social policy, United States. Congress, Disability insurance

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