(Missouri Court of Appeals, Eastern District, March 8, 2005) –Ruling: Indemnity provision between insureds trumps “other insurance” provision. Federal claimed equitable contribution for the $2.9 million that it paid on behalf of its insured under the excess coverage of its …
(8th U.S. Circuit Court of Appeals, applying Minnesota law, March 11, 2005) –Ruling: Supplier’s loss of electricity is not direct physical loss. Under Minnesota law, a power substation that was damaged by an earthquake was not a “supplier of goods …
(7th U.S. Circuit Court of Appeals, applying Illinois law, March 11, 2005) –Ruling: Advertising injury coverage is inapplicable to claims that product failed to conform with statements of performance on packaging. The insured was a seller of universal transmitters and …
Gov. Matt Blunt’s nominee for insurance director overcame criticism of the way he was selected to be confirmed by the state’s Senate. W. Dale Finke, a past president of the Missouri Association of Insurance Agents, was nominated in January and …
The Republican-led Missouri General Assembly has sent workers’ compensation and tort reform bills to Gov. Matt Blunt, who is expected to sign them. The comp reform bill puts a raft of limitations on when workers can receive compensation. Senate Bill …
The number of paid workers’ compensation claims fell 22 percent relative to the number of employees from 2000 to 2003, according to a newly released report from the Minnesota Department of Labor and Industry. However, the cost of the system …
The Supreme Court of Michigan recently ruled that the state’s No-Fault Insurance Act prohibits health care providers from charging more than a reasonable fee for services and left it up to lower courts to determine what is reasonable when a …
The Michigan Claims Catastrophic Association increased its annual assessment to insurers by 11 percent to $141.70 per insured vehicle from $127.24, drawing sharp criticism from the state’s insurance regulator. In a statement, the MCCA said an increase in the cost …
Barrington, Ill.-based Clark Consulting announced that it had received a subpoena from the office of the New York Attorney General Eliot Spitzer. The subpoena seeks information related to the benefits consultant’s business practices relating to the sale of retirement products, …
Michigan’s Office of Financial and Insurance Services last month released the results of its long-awaited study of competitiveness in the state’s insurance market. While the report found competition under the very strict definition of the law, the commissioner said that …
