Currents

Final Katrina-battered shrimp boat rescued in Alabama

Shrimp boats were flung far and wide, and literally left hung out to dry near the Alabama Gulf Coast in the aftermath of Hurricane Katrina. Tara Hutchison, press secretary for Alabama Gov. Bob Riley, said attempts to obtain help from …

Hawaii commissioner warns insurers of discriminatory practices

The Hawaii Insurance Division has issued a memo to all motor vehicle insurance insurers authorized in the state that discriminatory practices are prohibited, including those that award discounts. According to Commissioner J.P. Schmidt, “No insurer shall base any standard or …

Ease of doing business can make the strategic ‘profit’ differential

Let’s start with three basic ideas about property/casualty insurance distributed through independent agents and brokers — a sector with more than $200 billion in written premium annually. 1) P/C insurance resembles a commodity, with few competitive differentiators. By and large, …

Pa. renews med-mal premium subsidies

Pennsylvania Gov. Ed Rendell has signed a bill to continue state subsidies for a fifth straight year to help tens of thousands of physicians and other health care specialists pay their medical malpractice insurance bills. In a statement on his …

More fallout expected from Neb. Supreme Court ruling on liability

Skate parks across Nebraska, such as those in Fremont, Norfolk and North Platte, are the first casualties of a state Supreme Court decision about liability and insurance coverage, many are saying. The Nebraska Supreme Court ruled in late September that …

It Figures

$20 million The amount about 400 people should receive from monies held by Lexington, Ky., lawyers who sued American Home Products in 2001 on behalf of users of the fen-phen diet drug. Special Judge William Wehr ordered that funds be …

Homeowners want insurance carriers to offer identity theft coverage

More than 40 percent of consumers would like their homeowners insurance carrier to offer coverage for identity theft, according to a study released by J.D. Power and Associates. The “2006 Homeowners Insurance Study” reported that identity theft insurance is second …

Declarations

N.J. gay couples “Denying committed same-sex couples the financial and social benefits and privileges given to their married heterosexual counterparts bears no substantial relationship to a legitimate governmental purpose.” The New Jersey Supreme Court in its decision giving the state …

Former Enron CEO Skilling sentenced to 24 years, 4 months

Standing before a federal judge and pleading for his life, Jeffrey Skilling looked contrite, hands folded below his waist, his voice at one point halting as he talked about Enron Corp., the failed company he headed and drove to the …

S.C. may put teen drivers’ cell phones on hold

A South Carolina legislator says he will file a bill before the end of the year to ban drivers under age 18 from using a cell phone while driving. Rep. Lanny Littlejohn says he wanted to extend the ban in …

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