A San Francisco jury has ruled in favor of the family of a drywall taper in a products liability case against a former manufacturer and supplier of asbestos-containing joint compound, spray texture and acoustical ceiling spray. The jury determined in …
A recent San Diego Superior Court ruling serves as a potential warning to legal malpractice insurers to review policy language to ensure their claims made policies can’t be more broadly construed as occurrence policies. In a ruling handed down in …
Willis Group Holdings Ltd. amended the employment agreement with Chairman and CEO Joseph J. Plumeri to extend the term for an additional year. The employment agreement, which was scheduled to expire Oct. 15, 2008, will now expire Oct. 15, 2009. …
The Colorado House Business Affairs and Labor Committee has approved two workers’ compensation bills: one affecting employee’s choice of physician and another affecting firefighters. House Bill 1176 would change the workers’ comp system to allow an injured employee to choose …
Oregon’s Insurance Division has amended its rules affecting licensing, renewal, prelicensing training and continuing education requirements for insurance producers. According to the OID, the changes in the rulemaking furthers licensing reciprocity for Oregon resident insurance producers and increases consistency between …
The New Mexico legislature has passed a bill that would establish a file and use rate regulatory system for most personal lines of insurance. The Insurance Rate Regulation Law, SB 483, applies to all kinds and lines of direct insurance …
The McCarran-Ferguson Act enacted in 1945 provides for the continued regulation of insurance by the states and a narrow exemption from the general federal antitrust laws. The exemption is limited to activities that constitute the “business of insurance,” are “regulated …
Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. The four companies — ACE, AIG, St. …
Some of the lawyers who helped negotiate a proposed settlement affecting some 36,000 claims with State Farm Insurance Cos. over Hurricane Katrina damage have withdrawn their request for a federal judge to approve the multimillion dollar deal. The proposed settlement …
Mississippi lawmakers have agreed upon a plan to use $20 million in premium taxes on policies statewide to help lower premiums for property owners in high-risk areas who are insured by the wind pool. The plan hashed out between the …
