Latest Industry regulation News

New Mexico insurance regulator Franchini to step down

Nov. 16, 2019 4:33 PM EST

SANTA FE, N.M. (AP) — New Mexico’s top insurance regulator is stepping down. The Albuquerque Journal reports that state Superintendent John Franchini has withdrawn his application to serve another four-year term and instead plans to retire. A state nominating committee has already begun screening...

Sandy Hook lawsuit could force Remington to open books

Nov. 16, 2019 3:14 PM EST

A recent ruling by the U.S. Supreme Court has upended a longstanding legal roadblock that has given the gun industry far-reaching immunity from lawsuits in the aftermath of mass killings. The court this week allowed families of victims of the 2012 Sandy Hook school massacre to sue the maker of the AR-15 used in...

Senator: Banking laws must protect hemp, cannabis businesses

Nov. 16, 2019 1:30 PM EST

PORTLAND, Maine (AP) — Maine’s independent senator says it’s time for the federal government to update banking laws to reflect the rise of legal hemp and cannabis businesses. Sen. Angus King represents a state where legal adult use marijuana sales are likely to begin in early 2020. He says...

Alabama Power fees on solar challenged

Nov. 16, 2019 1:17 PM EST

MONTGOMERY, Ala. (AP) — When Jim Bankston installed solar panels on his Tuscaloosa home, he estimated it would trim his electricity bill, and the savings would eventually offset the cost of the hefty investment. After it was running, he noticed fees on his Alabama Power bill that he didn’t...

Arroyo’s replacement chosen with his organization’s support

Nov. 16, 2019 11:39 AM EST

CHICAGO (AP) — Cook County Democrats have chosen a utility company executive to fill the legislative seat vacated by former Rep. Luis Arroyo (loo-EES' uh-ROY'-yoh) after he was charged with bribery. But the Chicago Tribune reports that Eva-Dina Delgado was tabbed Friday night with votes from...

Hospitals launch campaign to overcome affiliation rejection

Nov. 16, 2019 10:55 AM EST

CONCORD, N.H. (AP) — Two seacoast-area New Hampshire hospitals that want to affiliate with Massachusetts General Hospital are launching a public-relations campaign aimed at overcoming the objections of state regulators. Wentworth-Douglass Hospital in Dover and Exeter Health Resources, which includes Exeter...

Capitol Watch: Commissions make law behind closed doors

Nov. 16, 2019 10:50 AM EST

ALBANY, N.Y. (AP) — New Yorkers can expect more fireworks as political appointees finish writing laws for a $100 million system to let political candidates run with public funds. Critics argue the nine-member Public Campaign Financing Commission is the latest example of lawmakers and the governor failing...

Diplomat says he overheard Trump call about ‘investigations’

Nov. 15, 2019 10:12 PM EST

WASHINGTON (AP) — A State Department official told impeachment investigators Friday that he overheard President Donald Trump talking with a U.S. ambassador about “investigations” in Ukraine, according to people familiar with the testimony. David Holmes, the political counsel at the U.S....

California rules set lower emissions for state vehicle fleet

Nov. 15, 2019 9:14 PM EST

SACRAMENTO, Calif. (AP) — California announced new rules Friday for its state vehicle fleet to reduce pollution and reward automakers that are siding with it against the Trump administration. Officials immediately barred state agencies from buying any sedans that only run on internal combustion engines,...

UN adds explosive components ban to Somalia arms embargo

Nov. 15, 2019 6:30 PM EST

UNITED NATIONS (AP) — The U.N. Security Council on Friday extended an arms embargo on Somalia and a ban on trade in charcoal, a key source of funds for al-Shabab extremists — and it imposed a new ban on ingredients for explosive devices the group is increasingly using. The vote on the...