Surplus Battle “It’s pretty much as outrageously unconstitutional, illegal and in-your-face as it gets.” —Kevin Fitzgerald, a lawyer for the policyholders of New Hampshire’s Joint Underwriting Association (JUA), a state-created medical malpractice insurance fund from which lawmakers are trying to …
Massachusetts Attorney General Martha Coakley is proposing new regulations that she says will rein in sales and underwriting practices for auto insurers and agents in the state. The regulations come in response to a report issued by her office in …
$640 Million Amount sought in a lawsuit filed by diamond-seller Lazare Kaplan from its insurers after the “disappearance” of a large number of diamonds. The suit alleges the insurers – Lloyd’s syndicates – violated two all-risk policies issued in New …
Agents Vow to Fight Regulations Two trade groups for New York insurance agents are suing the state’s insurance regulator over new rules that will force them to reveal to clients how much they are paid for a particular transaction. The …
Chartis has introduced XSEnhanced: Real Estate, the third in the XSEnhanced suite of industry-specific commercial umbrella coverages developed by its Excess Casualty Division. XSEnhanced: Real Estate addresses many of the unique exposures facing the real estate industry by offering enhancements …
There will be no change in minimum and maximum temporary total disability (TTD) and permanent total disability (PTD) rates for 2011 work injuries, or in several other workers’ compensation benefits that are tied to increases in California’s average weekly wage, …
The Iowa Insurance Division (IID) has issued summary cease and desist orders against two contractors, directing them to stop acting as public adjusters. The division alleges the firms have been soliciting storm repair business without being properly licensed, in violation …
The Texas Supreme Court has found in favor of an excess insurance provider in a case involving the contractual liability exclusion in a Commercial General Liability (CGL) policy. In 1993, Dallas Area Rapid Transit Authority (DART) contracted with Gilbert Texas …
Insurance brokerage Hub International Ltd. has acquired the assets of Pennsylvania-based employee benefits firm Irus Corp. Terms of the deal were not disclosed. In connection with the deal, some Irus employees will become part of the Hub’s Northeast Ltd. team …
Put down the cell phone and step away from the car. Georgia drivers soon will be banned from texting, checking e-mail or using the Internet behind the wheel and teens will be prohibited from using their cell phones at all …
