March 7, 2005
A newly passed ordinance barring rail shipments of hazardous materials through the District of Columbia raises the risk of a catastrophic accident or terrorist attack in Maryland and other states with CSX lines as the dangerous cargo is rerouted around …
March 7, 2005
Pilot programs that use cameras to catch red light runners in several Virginia localities will end July 1 unless supporters of the technology can find a way to reverse action taken by a legislative committee. The House Militia, Police and …
March 7, 2005
A consultant hired by the Ehrlich administration estimates Gov. Robert Ehrlich’s new medical malpractice insurance bill would save doctors about six times as much money as the bill that was enacted over his veto by the Maryland legislature in January. …
March 7, 2005
Allstate Insurance Company, American International Group Inc., Chubb & Son and St. Paul Travelers are challenging the proposed sale of three of its asbestos and environmental run-off subsidiaries by ACE Limited to Randall & Quilter Investment Holdings of Great Britain. …
March 7, 2005
Acting New Jersey Gov. Richard J. Codey appointed Donald Bryan, director of the Division of Insurance, to head the Department of Banking and Insurance. Bryan replaces Holly Bakke, who resigned as commissioner after three years. By appointing an acting commissioner, …
March 7, 2005
TITLE: INJURY SUITS COST CITY $570 MILLION: New York City paid a record $570 million in 2004 on personal injury cases that range from medical malpractice to traffic accidents. The cases cost the city $12 million more than last year …
March 7, 2005
New York State’s highest court has ruled that employers that fail to purchase workers’ compensation coverage cannot use the workers’ comp law as protection against being sued. In reversing a lower court ruling, the New York Court of Appeals said …
March 7, 2005
Insurance companies are concerned that new regulations adopted by the New York Insurance Department regarding the use of credit information for personal lines coverage could be more burdensome than necessary. The department’s rules generally follow the statute’s intent, which was …
March 7, 2005
Rhode Island Rep. Fausto C. Anguilla (D-Dist. 68, Bristol, Warren) has introduced legislation aimed at reining in rising malpractice insurance premiums. His bill, the Fair Insurance Act of 2005, would prohibit insurers from charging Rhode Island doctors fees that it …
March 7, 2005
Gov. John Lynch and a bipartisan group of state senators have reached a compromise on overhauling a health insurance law (S.B. 110) that made rates skyrocket for some small businesses. Lynch spokeswoman Pamela Walsh said that insurers would no longer …