February 26, 2007
Superior Court Justice Burnes is well aware that politics comes into play in Bay State insurance regulation The new insurance commissioner for Massachusetts thinks her years of experience in a judge’s robe will serve her well in her new role, …
February 26, 2007
A researcher at a national hearing conference will present data that predicts 17 percent of people exposed to deployed airbags in American cars will suffer from permanent hearing loss. His data also shows, contrary to what experts have previously thought, …
February 26, 2007
Insurance companies dropped a court challenge to a new Florida rule preventing them from immediately canceling some homeowners policies or raising rates. The rule, which took effect Jan. 31, is a stopgap until a new law takes effect June 1. …
February 26, 2007
Changes in attitudes, lawsuits, statutes worldwide force global companies to buy locally-admitted D&O A company that acquires a new property in a foreign country will usually review its property and casualty insurance to be sure it is in compliance with …
February 26, 2007
It’s been more than a year since Rhode Island won a precedent-setting court victory against three former lead paint manufacturers, but the case has been in legal limbo since then as the companies have challenged the verdict and demanded a …
February 26, 2007
The first federal trial in New Orleans in the wave of insurance litigation spawned by Hurricane Katrina ended abruptly Feb. 15 when a couple suing Allstate Indemnity Co. dropped their lawsuit amid allegations they misrepresented their claims. Lawrence and Elizabeth …
February 26, 2007
The Arizona Senate has narrowly approved a medical malpractice bill to raise the bar on the legal burden of proof required for malpractice lawsuits involving emergency medical care. The Senate approved the bill 16-12, sending it to the House. Sixteen …
February 26, 2007
Massachusetts insurance agents have urged the administration of Gov. Deval Patrick to scrap a proposed auto insurance assigned risk plan that the previous administration championed for four years. Former Insurance Commissioner Julianne Bowler ordered final implementation of the Massachusetts Assigned …
February 26, 2007
Affordable Residential Communities closes acquisition of Texas-based insurer Affordable Residential Communities Inc. of Englewood, Colo., closed its previously announced acquisition of Waco, Texas-based NLASCO Inc., a privately held property and casualty insurance holding company, and reported the promotion of Greg …
February 26, 2007
Seattle-based Safeco announced it will be cutting rates for California homeowners in 2007 by an average of 20 percent. The move is expected to affect some 200,000 Safeco home and business customers in California, according to the company. Additionally, the …