Monthly Archives: <span>May 2008</span>

Report Tallies Trade-offs of Adding Wind to Federal Flood Insurance

Adding wind coverage to the current federal flood and wind insurance program could benefit some policyholders and market participants but would also involve trade-offs, says a new government report. While current legislation to add wind to the flood program would …

It Figures

45 The number of ATV-related deaths in West Virginia in 2007, prompting Huntington’s City Council’s vote to ban all-terrain vehicles from public roads and property. The unanimous vote on April 28 modifies a 2004 law banning ATVs from roads with …

Alabama Raises Required Auto Liability Limits for First Time Since 1983

The Alabama Legislature has voted to raise the minimum amount of auto liability insurance that motorists must purchase. The current limits under Alabama’s mandatory insurance law are $20,000 for a single injury or death, $40,000 for multiple injuries or deaths, …

People

MyNewmarkets.com, the Web site with a searchable online directory that brings together agents seeking property/casualty insurance markets with the market providers, is expanding its content to include in-depth analysis and reporting on technical and coverage issues. Christopher J. Boggs has …

Florida’s Adding to Citizens’ Risk Worries CFO Sink

Florida lawmakers rolled the dice again on May 1, signing off on a new insurance bill that does little to alleviate Florida’s risky stakes in the marketplace, according to industry executives and many lawmakers. A big piece of the legislation …

Employers Should Spell Out Telecommuting Policy to Control Exposure

Even where an employer has no formal telecommuting policy, it likely faces risks from workers working off-site More and more employers are offering various levels of telecommuting in order to retain existing staff and attract future qualified employees. What many …

Florida Limits Public Adjusters’ Fees

The Florida Senate passed a bill to limit the contingency fees charged by public adjusters and prohibit intrusive solicitation practices. The law also requires a person to work as an apprentice under the supervision of a licensed public adjuster for …

Tennessee Set to Require Review of Medical Lawsuits

The Tennessee Senate unanimously agreed with changes made earlier in the House to a bill supporters say will limit frivolous medical malpractice suits. The bill would require plaintiffs to give 60 days notice before filing a lawsuit and require an …

Florida Workers’ Compensation Reforms Lowered Costs for a Year

Workers’ compensation costs per claim in Florida appear to have decreased in 2004 in the wake of reforms enacted in 2003, but the decrease did not continue in 2005, according to a new study by the Workers Compensation Research Institute. …

Alabama Opens Coastal Home Insurance Market to Captive Insurers

The Alabama Legislature has passed a bill that will allow captive insurance companies to sell residential insurance along the Alabama coast. The House and Senate voted without dissent to give final approval to changes in the bill sponsored by Republican …