Monthly Archives: <span>January 2007</span>

Under new rules, bytes of electronically stored info could have big bite

Insurance agents want to avoid litigation, but it is not always possible. When they become involved in litigation in federal court, it is important for agents and their attorneys to understand the new Federal Rules of Civil Procedure governing electronically …

R.I. lawmakers study ways to assist coastal homeowners

A group of Rhode Island legislators examining insurance companies’ recent changes to homeowners’ policies for coastal areas met recently at the University of Rhode Island’s Bay Campus to review a model of the damage that could be done by a …

A look behind the very good P/C results for 2006

The numbers, or estimates, for the property casualty insurance industry for 2006 are in. Dr Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance Journal’s Andrew Simpson at III’s Joint Property Casualty Insurance Conference …

New Markets

Parking and Valet Operators Nuts & Bolts: USRisk Brokers has a new Parking and Valet Operators Program designed for businesses engaged in parking customers’ cars, such as self-parking garages and lots, assisted parking, valet parking and parking for special events. …

Highlights of Delaware’s workers’ comp changes

In some of its specific provisions Delaware’s workers’ compensation reform law (SB1): directs that a new workers’ compensation rating plan be filed with the Insurance Commissioner within 90 days of the effective date of a medical payment system and practice …

Delaware enacts major workers comp system reform package

Lawmakers and Gov. Minner moved quickly, hoping DaimlerChrysler gets the message and keeps its plant open The Delaware Senate and House moved swiftly earlier this month to pass a bill containing major reforms of the state’s workers’ compensation system. Gov. …

Royal & Sun Alliance management buyout faces opposition

A proposed management buyout and eventual dissolution of Royal & Sun Alliance Insurance Group’s U.S. operations could leave policyholders in jeopardy, according to critics trying to halt the deal that is before Delaware regulators. The proposed buyout was the subject …

Mass. Gov. Patrick replaces commissioner; halts high risk plan

Massachusetts Gov. Deval Patrick has taken steps to install his own appointee as insurance commissioner and halted the ongoing implementation of reforms to the state’s auto insurance high risk pool championed by the regulator he is replacing. Patrick said he …

Conn. AG seeks to block shutter requirement

Connecticut Attorney General Richard Blumenthal has submitted draft legislation to the General Assembly that would prohibit insurers from requiring that consumers install hurricane shutters as a condition of insurance. The legislation would also require an insurer to notify existing policyholders …

Southern surprise?

There was an important court ruling in Mississippi earlier this month that had the whole industry, not just Mississippians, watching closely. The insurance industry, or at least State Farm, was surprised when the insurer lost a case involving wind and …