The U.K.’s Chartered Insurance Institute (CII) announced that it is embarking on a campaign to increase the number of Chartered title holders by writing to 7,000 eligible Associate and Fellow members, as it prepares to launch a new directory in …
The Property Casualty Insurers Association of America reported that the Texas State Affairs Committee unanimously voted in favor of asbestos litigation reform that will protect the right of people with asbestos- and silica-related impairment obtain compensation in a fair and …
New Jersey officials claim that caps removed from auto insurance rates in cities will not automatically increase costs for drivers and could help build a more competitive auto insurance market. Advocates for consumers, however, did not buy the state’s stand. …
A Connecticut car rental company that ran into trouble for using a global positioning device to fine speeding drivers lost another case last week after overcharging a customer and referring him to a phony legal department. Richard Votto protested when …
Nevada Insurance Commissioner Alice A. Molasky-Arman is asking consumers to be on the alert about a company called “The Global Healings Society.” The company is offering health, property, auto and surety coverage via the Internet. The Global Healings Society is …
U.S. Senator Dianne Feinstein (D-Calif.) joined Senators Arlen Specter (R-Pa.), Patrick Leahy (D-Vt.), Orrin Hatch (R-Utah), at a news conference recently to discuss bipartisan legislation creating a national trust fund to compensate victims for asbestos disease. Under this legislation, the …
The Florida House has passed the Asbestos and Silica Compensation Act (HB1019), which requires plaintiffs meet specific medical criteria before they can pursue an asbestos or silica claim in the court system. The bill contains important components of the Property …
The Coalition for Asbestos Reform, a coalition of manufacturing, construction, energy and insurance companies, said it strongly opposes S. 852, the Fairness in Asbestos Injury Resolution (FAIR) Act introduced this week by Senators Arlen Specter (R-Pa.) and Patrick Leahy (D-Vt.). …
Oklahoma Gov. Brad Henry’s office reported that his efforts to reform Oklahoma’s workers compensation system cleared another legislative hurdle, passing the House Judiciary Committee. Senate Bill 846, which is based on the recommendations of a bipartisan task force of industry …
A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A (Excellent) of Zurich Specialties London Limited (ZSL) (United Kingdom). The rating has been removed from under review with negative implications. At the same time, A.M. …
