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

Wisconsin High Court: Homeowners Insurance Doesn’t Cover Negligence

A couple’s homeowner’s policy does not cover alleged negligence by the wife for not preventing her husband from sexually abusing a child, a divided Wisconsin Supreme Court said July 17. The unnamed child and the child’s mother sued the woman …

N.Y. City Film Shoots Must Have Insurance

Filmmakers and photographers who shoot on New York City’s streets and sidewalks now have a clear set of rules dictating when they must obtain permits, after years of relying on loose guidelines that civil liberties advocates said were too vague. …

Insurers, Agents Urge Coastal Wind Policy from Texas to Maine

Travelers, Nationwide Mutual and two insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. The concept includes federally-regulated uniform windstorm coverage for coastal homes from Texas to Maine …

Mass. Doctors Liable for Patients’ Lessened Chance of Survival

The Massachusetts Supreme Judicial Court has ruled that physicians can be held liable in a wrongful death action when their negligence lessens a patient’s chance of survival. The ruling, which for the first time upholds the “loss of chance” doctrine, …

It Figures

$475,000 Amount spent on state lobbyists in Massachusetts by Commerce Insurance Group in the first six months of 2008 – making it the largest single spender on lobbying in that time frame. The expenditures come as the state’s largest auto …

Declarations

Contingency Plans “The insurance marketplace has been distorted by the growth of contingent commissions coupled with a lack of transparency among most producers.” β€”Steve McGill, chairman and chief executive officer of Aon Risk Services, in testimony before New York regulators …

Doctor Didn’t Know Boston Firefighter Was Bodybuilder

The doctor who determined that a bodybuilding Boston firefighter could not work because he is “totally and permanently” disabled has made similar recommendations for others. The Boston Globe reported that since 2001 Dr. John F. Mahoney has seen 25 firefighters …

Wall Street Brokers Want ‘Even Playing Field’ on Compensation

Big insurance brokerages that lost billions of dollars in revenue under a ban imposed by former New York Attorney General Eliot Spitzer told the state’s regulators recently that the rules were never applied universally, and should either be lifted or …

NYC Updates Construction Safety Rules

New York City Mayor Michael Bloomberg endorsed dozens of procedural changes to improve fire safety and coordinate oversight at construction sites, responding to the failures that led to a fatal fire last summer at a ground zero skyscraper. The former …

Business Moves

Tokio Marine, Philadelphia Insurance Japan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty insurance to targeted markets. The total transaction value is approximately $4.7 billion. It is …