Currents

Maryland law targets staging accident fraudsters

Maryland became only the second state to make staging a car accident to steal insurance money a specific crime when Gov. Martin O’Malley signed a bill into law recently. According to the Coalition Against Insurance Fraud, the new law (HB …

Richardson has high hopes for S.C. omnibus coastal legislation

Insureds would receive premium discounts for storm mitigation efforts and be able to establish tax-free personal catastrophe savings accounts while insurers would receive tax breaks for writing coastal properties under omnibus coastal insurance legislation taking shape in South Carolina. The …

N.J. agents view insurance companies’ real time capabilities

Nearly 150 New Jersey insurance agents recently got a firsthand look at how real time transactions work and save time. The Get Real Time program held last month in Edison, N.J. by the Professional Insurance Agents of New Jersey Inc. …

Delta officials fear effects of levee warning

Officials in the Delta have accused the government of trying to scare local residents into buying flood insurance by suggesting the Mississippi River levees could be breached as were those around New Orleans during Hurricane Katrina. The Federal Emergency Management …

Fla. agents send special response vehicle to tornado-ravaged Kansas town; statistics detail loss cost numbers

The Florida Association of Insurance Agents’ state-of-the-art catastrophe response vehicle (CRV) recently arrived in Greensburg, Kan., to assist insurance agents whose offices were demolished by the tornado that made national news broadcasts around the country in early May. The fully …

N.C. department declines to probe malpractice rates

The North Carolina Insurance Department said it won’t further investigate the state’s largest medical malpractice insurer, saying it disagrees with a trial lawyers’ association report accusing the company of excessive physician rates. The department said it reviewed data prepared for …

‘Apprentice’ reject settles lawsuit with Trump

A 51-year-old man who claimed he never had the chance to hear “You’re fired” on Donald Trump’s “The Apprentice” because he was too old has settled a lawsuit against the real estate mogul. A federal judge in U.S. District Court …

Insurers try to prevent losses in wildfire hotspots

Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other precautions. The inspections have angered homeowners and watchdog groups …

Ill. lawmakers toughen teen graduated licensing program

Some are already calling the new provisions to the teen graduated drivers licensing law passed by the Illinois legislature as the toughest in the country. The measure, SB 172, passed by the Illinois legislature, addresses two of the critical provisions …

Washington Insurance Fair Conduct Act becomes law

Insurance industry associations are criticizing Washington Gov. Chris Gregoire for signing into law the Insurance Fair Conduct Act, a measure they say will raise insurance costs. The law, which will take effect on July 22, increased allowable monetary damages claimants …

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