Producers should no longer expect contingent commissions from American International Group, according to the settlement with New York Attorney General Spitzer and what the company says is its own global policy now. Spitzer’s announcement stated that “AIG has agreed to …
Supporters of federal legislation to create a $140 billion trust fund for victims of asbestos exposure won a critical victory earlier this month when the bill was approved to go the full Senate for debate later this session. Had that …
A law eliminating the surplus lines bond that Texas surplus agents formerly had to carry became effective Jan. 1, 2006, the Surplus Lines Stamping Office of Texas (SLSOT) has reported. The Texas Legislature in 2005 passed Senate Bill 1564, which …
The Surplus Line Association of California’s (SLA) elected new officers at its Annual Meeting held in Northern California on Jan. 24 and in Southern California on Jan. 26, 2006. New officers include: chairman – Jim Pettipas of ECM Insurance Services …
U.S. District Court Judge Edward Nottingham has denied a class certification in Morris v. Travelers Indemnity Co. of America, according to Morrison & Foerster LLP. The law firm represented Travelers in court in Denver, Colo. The case is one of …
A measure to improve Washington’s emergency readiness passed the state Senate, after a lawmaker agreed to bend to insurance industry insistence that the $5.7 million needed come from the state and not a surcharge on insurance plans. The bill passed …
A looming workers’ compensation court case could cost Montanans $100 million and force a roughly $160 million rate hike for business buying insurance from the Montana State Fund, the agency’s top official said. Laurence Hubbard, president of the Montana State …
Oregon has started its program to track medical errors at hospitals and determine what could have been done to prevent them. The Oregon Patient Safety Commission unanimously approved rules and guidelines for its effort to get hospitals to report serious …
Auto insurers would have to pay ambulance and emergency room bills in car accidents, under a measure backed by a Colorado Senate panel. Officials for hospitals and ambulance services said someone needs to help them pay for people who don’t …
Dry conditions this year and heavy moisture last year could combine to make Arizona’s imminent wildfire season the most devastating yet, experts told Arizona Gov. Janet Napolitano at a roundtable discussion. Wildland fire experts expect fires to occur in both …
