Currents

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 …

New coverage aims to provide benefits when partners part ways

If John Logan has his way, sometime in the very near future, people across the globe will be able to purchase insurance coverage against the potential financial devastation often caused by divorce. Logan, chairman and CEO of SafeGuard Guaranty Corp., …

It Figures

$17.5 million The total in refunds that Maryland Insurance Commissioner R. Steven Orr ordered Allstate Insurance to send to 20,571 auto policyholders he says were improperly charged. This restitution is in addition to a $100,000 administrative penalty. Allstate had sent …

Lawmakers say New Orleans insurance analysis reveals racial imbalance

Outreach measures never reached many minority homeowners, study found Associated Press analysis showing white homeowners in New Orleans were three times as likely as minorities to appeal insurance settlements after Hurricane Katrina points to a deep racial imbalance and the …

Declarations

Time for changes “When your CEOs are making $26 billion a year, we need to make some changes.” Ginny Stevans, president of Homeowners Against Citizens, a group protesting Florida’s skyrocketing insurance costs. She was speaking at a seven hour meeting …

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