Monthly Archives: <span>December 2005</span>

Industry Voices Concerns Over National Insurance Catastrophe Plan

Role of Government, All-Perils Policy Among Sticking Points Cited by Insurers Industry representatives generally support state regulators’ efforts to craft a comprehensive plan for natural catastrophes but take issue with elements of the draft proposal that was aired during the …

In Chicago, State Commissioners Elect Maine’s Iuppa as President

In Chicago, State Commissioners Elect Maine’s Iuppa as President Members of the National Association of Insurance Commissioners elected Maine Insurance Superintendent Alessandro Iuppa as president at their winter meeting in Chicago. In other business, the NAIC awarded the insurance departments …

New McKid on the Block

The purpose of this editorial is a simple hello to all of you. I am the new kid on the block at the Insurance Journal. I may be the new kid at the IJ, but not to the insurance industry. …

JOHNS HOPKINS RESPONSE CENTER:

How governments can best prevent, prepare and respond to mass casualties, whether from natural events such as Hurricane Katrina or a terror attack, is the mission of a new center led by Johns Hopkins University. A $15 million, three-year grant …

COURT REVERSES $3M ASBESTOS AWARD:

Maryland’s second-highest court has reversed a $3 million jury verdict won by a former paper mill worker who alleged his lung cancer stemmed from asbestos exposure at the plant in western Maryland. The Court of Special Appeals ruled that defendant …

CHURCH OPPOSES SEX LAWSUIT EXTENSION:

Roman Catholic Church officials in Pennsylvania say a proposal that would allow sexual-abuse victims from decades ago to file lawsuits could lead to financial ruin for dioceses across the state. Some Harrisburg lawmakers want the state to create a one-year …

SENATE REVIVES ‘FAIR SHARE’ REFORM:

The Pennsylvania state Senate has voted to restore the “Fair Share Act” lawsuit reform in a 32-18 vote. State Sen. Jake Corman (R-34), the bill’s author, said that Senate Bill 435 brings Pennsylvania in line with lawsuit reform passed in …

AGENT NOT LIABLE FOR NON-DISCLOSURE:

The Supreme Court of the State of New York, County of Nassau, has reversed a lower court decision that found an insurance agent could potentially be held responsible for misrepresentations in a life insurance application. In applications for two $500,000 …

PORT AUTHORITY BOMBING RULING:

The Port Authority of New York and New Jersey wants a jury’s decision that faulted the authority in the 1993 bombing of the World Trade Center tossed out, saying the judge in the case was biased. The authority claims Justice …

LANDLORDS CHALLENGE NEW LEAD LAW:

A group of landlords has gone to court to ask a judge to strike down the state’s new lead paint law, saying it unfairly exempts certain property owners from following the regulations. Superior Court Judge Stephen J. Fortunato Jr. heard …