While some believe government action may be necessary to keep New York’s homeowners insurance market from falling into a crisis, others note that the state’s public policy already incorporates a number of protections for consumers and private incentives. The biggest …
The Property Casualty Insurers Association of America (PCI) testified before the Colorado House Business Affairs and Labor Committee that legislation HB 1330, which would impose extensive new data reporting requirement on property casualty insurers, would not help consumers make more …
Minnesota sued insurer American International Group Inc. last week rather than accept a settlement that could have been worth $1.2 million. Attorney General Mike Hatch said he estimates the state could be owed as much as $10 million, so he …
Washington Senate Democrats have approved a bill that would permanently change unemployment laws to pay additional benefits to seasonal workers. The measure, which passed on a 25-22 vote, reverses the state’s move toward “four-quarter averaging” in which unemployment benefits are …
Republican legislative leaders in Iowa are hoping to cap excessive damage awards with a proposal that would slap a $500,000 limit on punitive damages assessed in medical malpractice lawsuits. Senate Republican President Jeff Lamberti said doctors are being forced out …
There are opportunities to make California more earthquake-safe, according to the Institute for Business & Home Safety (IBHS). At the recent meeting of the Little Hoover Commission, a state oversight agency that promotes efficiency, economy and improved government service, Harvey …
The American Tort Reform Association recently urged Wisconsin legislators and the governor to restore limits on noneconomic damages for medical liability lawsuits in light of the Milwaukee Bar Association’s promotion of a seminar designed to teach plaintiffs’ lawyers on how …
New Mexico’s 30-day legislative session, which ended recently, was predominantly focused on budget-related legislation. But a few insurance related bills were introduced, said the National Association of Mutual Insurance Companies (NAMIC). NAMIC opposed The Medical Malpractice Joint Underwriting Association Act, …
With data showing an improvement in loss costs in Texas, Medical Protective, an admitted medical professional liability insurer, said it would reduce malpractice premium rates for Texas physicians by 6 percent effective July 1, 2006. The company noted that this …
A Nevada workers’ union is praising a state Supreme Court ruling that upheld claims of 40 former state employees who sought more pension credits because their jobs were privatized. The State of Nevada Employees Association added that the high court’s …
