Pre-dispute mandatory binding arbitration provisions in insurance policies may be on their way out in Texas if state insurance regulators proceed with a plan to ban them. The Texas Department of Insurance informed lawmakers it is considering a proposal to …
New York State’s NYS 2100 Commission, created in the wake of Sandy to offer recommendations on ways to better prepare for natural disasters, is out with its initial report, including a section on potential changes to the insurance environment. Perhaps …
ACORD, DISA ACORD (Association for Cooperative Operations Research and Development), the nonprofit global data standards organization for the insurance industry, and DISA (Data Interchange Standards Association), the organization for development of healthcare and cross-industry e-commerce business interchange standards, said that …
The co-chairman of a state legislative committee in Connecticut says the panel is planning to introduce a bill allowing claims of post-traumatic stress disorder to be covered under Connecticut’s workers’ compensation laws, in response to the Newtown school shootings. State …
New York State Gov. Andrew Cuomo said his administration plans to introduce new legislation to continue to improve the workers’ compensation system and provide relief to thousands of businesses. The new proposals were included in the governor’s 2013 State of …
The insurance industry will likely see losses of $20 billion or more from Superstorm Sandy, according to a new report by Fitch Ratings this month. Fitch based the expected total on the $16-$17 billion in loss estimates reported by individual …
State Farm Fire and Casualty Co. resolved its dispute against former Penn State assistant football coach Jerry Sandusky over the insurer’s homeowners coverage. At issue was whether State Farm would be obligated to pay for any defense costs or awards …
As policymakers and legislators around the country continue to examine gun-control ideas, one Massachusetts lawmaker introduced this month what appears to be one of the more novel, out-of-the-box approach: requiring gun owners to purchase liability insurance. As the news article …
AIG Will Not Sue Gov’t “AIG will NOT move forward with Starr lawsuit against government or NY Fed, continues to thank America for support.” —A Jan. 9 tweet sent from AIG’s official Twitter account. AIG’s board decided not to join …
In New Jersey, some medical provider groups and trial lawyers are continuing to mount a legal challenge to new motor vehicle personal injury protection (PIP) regulations. On Jan. 3, New Jersey’s Superior Court denied an earlier stay request by the …
