In its report, Gov. Patrick’s auto insurance study group set forth these key recommendations: 1. The insurance commissioner should examine alternatives to move towards competitive rating using flex-bands, while maintaining affordability for all drivers, minimizing disruption to the market and …
U.S. Senator Trent Lott, R- Miss., wants to require insurers to disclose property insurance coverage and noncoverage in plain language on the front page of each homeowner’s policy and has introduced a bill giving the Federal Trade Commission enforcement authority …
Seventeen U.S. insurance companies became financially impaired in 2006, despite a respite for property/casualty insurers from two consecutive turbulent hurricane seasons and more diversified asset portfolios among life/health insurers. That is according to two new A.M. Best Co. special reports, …
The Washington Senate adopted an amended bill that insurance associations say will increase the number of lawsuits filed and needlessly drive up insurance costs for consumers. Senate Bill 5726 was developed to create an insurance fair conduct act. According to …
The Connecticut Supreme Court has adopted a new legal rule making it easier for plaintiffs to sue businesses in the state for negligence alleged in self-service operations. Customers who are injured at a business previously had to demonstrate that the …
Three recent deaths in all-terrain vehicle accidents in Arkansas, including a toddler and a teenager, are a reminder that ATV accidents are on the rise, and doctors at Arkansas Children’s Hospital want to see the trend reversed. “Arkansas has had …
America’s legal system imposes an economic cost of more than $865 billion, or more than $9,800 per family, every year, according to a new study released by the Pacific Research Institute (PRI), a free-market think tank based in San Francisco. …
State fraud bureaus are delivering record results in combating swindles, but the positive figures may mask deeper weaknesses in some areas of performance, says a study of 47 state agencies by the Coalition Against Insurance Fraud. “For the most part, …
The New Mexico legislature has passed a bill that would establish a file and use rate regulatory system for most personal lines of insurance. The Insurance Rate Regulation Law, SB 483, applies to all kinds and lines of direct insurance …
A missing compact disc containing unprotected personal data for 75,000 Empire Blue Cross Blue Shield members was recovered four days after the insurer began warning customers about potential privacy violations. The disc, which had been missing since January, was found …
