Tennessee lawmakers have given final approval to a plan to cap non-economic and economic lawsuit damages. The bill (HB 2008) places a cap of $750,000 on non-economic damages such as pain and emotional suffering and a $500,000 cap on economic …
Montana Commissioner of Securities and Insurance Monica Lindeen has approved a 22.4 percent reduction in workers’ compensation insurance loss costs, which will translate to lower premiums for employers. The lower loss costs, which are the costs insurers pay for claims, …
New Minnesota Independent Agents Group President Believes in a Consultative Approach Learn the business. Put your customers’ interests first. Take care yourself. Those are three messages Mark Z. Moores thinks young people entering the insurance business should take to heart. …
Massachusetts Attorney General Martha Coakley claims insurers have overcharged commercial auto customers by a combined $1 billion over the last seven years and has asked the state’s insurance commissioner to force insurers to slash premiums for the coverage. Coakley said …
The number of medical malpractice lawsuits filed against doctors and hospitals in Pennsylvania dropped last year for the sixth year in a row. A total of 1,491 malpractice lawsuits were filed in 2010, according to a report released last month …
The Final Straw? “It’s only a large U.S. event that can turn things around. The U.S. is the biggest insurance market with the biggest exposures.” —Amit Kumar, an analyst at Macquarie in New York. The insurance industry took another multi-billion …
The dust is settling and people are getting used to the new economy (which is not necessarily a good thing). It is clear that one thing is certain, and that is uncertainty. Many businesses now have lower revenue and less …
State Supreme Court: Contested Policies Must Be Evaluated Separately Louisiana may be able to recoup much of the money it handed out after Hurricanes Katrina and Rita in 2005 to help storm victims repair their homes, following a recent ruling …
Property and casualty insurers craving respite from a long-running drop in prices eyed the start of the U.S. hurricane season on June 1 in the hope that summer windstorms will finally turn the market. The June 1 to Nov. 30 …
The Japanese earthquake and tsunami that occurred in March 2011 served as a wake-up call of sorts for businesses vulnerable to supply chain exposures. Subsequent intense weather events in the United States during April and May have underscored the importance …
