Currents

Natural deposits of asbestos found in at least 20 states

Most people hear the word asbestos ans think of home insulation, deteriorating ceiling tiles, or scuffed flooring. Few realize the soil in their yard, school athletic field, or neighborhood park might be tainted with the mineral. The July 8 Science …

Boston’s Big Dig tragedy expected to trigger new wave of litigation

When the family of Milena Del Valle, who was killed when part of the Big Dig tunnel ceiling crushed the car she was riding in, gets around to filing a wrongful death lawsuit, that suit is expected to trigger legal …

Wind stays in ‘wind vs. water’ case, judge says

A Mississippi judge refused to throw out an engineer’s testimony that Hurricane Katrina’s winds caused much of the damage to the home of a Mississippi couple suing Nationwide Mutual Insurance Co. for denying most of the couple’s claim, the Assosated …

FAIA cat team volunteers honored for helping during Hurricane Katrina

Veronica Della Porta, chairman of the Florida Association of Insurance Agents, recognized catastrophe team volunteers who traveled to hard-hit areas and assisted victims during 2005, when hurricanes hit the southeast U.S. Bay St. Louis, Miss., agents David and Angelyn Treutel …

N.Y. blasts ‘anemic’ workers’ comp anti-fraud efforts

New York officials have denied a requested 7.5 percent hike in workers’ compensation premiums and criticized what they termed carriers’ ‘anemic’ efforts in combating fraud in doing so. The decision means rates will not be going up in October as …

The virtual, global economy humbles insurance leaders

Insurance professionals have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of risks ahead and given the speed of …

Gov. Bush signs Florida auto insurance fraud legislation

Florida legislation that promises to reins in auto insurance fraud was signed June 26 by Gov. Jeb Bush. Provisions of House Bill 561 and Senate Bill 1596 and the governor’s approval were applauded by Tom Gallagher, Florida CFO, who oversees …

N.Y. lawmakers disappoint on property insurer; avoid workers’ comp reform

The New York State Legislature’s most recent session will be remembered by insurance lobbyists more for what did not get accomplished than for what did. The Republican-controlled Senate and the Democrat-led Assembly once again missed an opportunity to help calm …

Donelon orders insurers to extend hurricane claims period in Louisiana

Just over a month after asking insurers in his state to voluntarily do so, Louisiana Commis-sioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana extend the period in which a policyholder can file …

Csiszar tells agents major shift essential to entice carriers to Florida

Insurers look at Florida’s government as a heavy-handed, intrusive, oppressive regulatory regime that does more harm than good to property insurance markets. According to Ernie Csiszar, president and CEO of the Property Casualty Insurers Association of America, Florida’s government and …

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