Penn State Taps Feinberg “We have been retained by Penn State to help both the University and individuals alleging sexual abuse reach a voluntary settlement in those individual cases where terms and conditions can be agreed upon.” —Kenneth Feinberg, a …
Homeowners, Hurricanes “I respectfully request that you utilize your existing authority to ensure that homeowners receive the insurance proceeds that they are entitled to.” —U.S. Senator Mary L. Landrieu, D-La., in a letter to HUD, urged that federal agency to …
It’s Congress “It certainly raises some interesting issues. Of course, there’s a huge presumption that when Congress passes a law, it’s constitutional.” —Timothy McTaggart, a partner at law firm Pepper Hamilton, who focuses on financial regulatory issues talking about a …
A Cause for Concern “A rate increase of this magnitude is troubling. This is the largest single rate increase filing from a major carrier that we have seen in years.” –Texas Office of Public Insurance Counsel Executive Director Deeia Beck …
No Spiked Recovery “This is my fourth cycle and it’s the first one that I’ve seen that is actually going the way this one is going.” —Arthur J. Gallagher’s CEO J. Patrick Gallagher on how unusual today’s commercial insurance rate …
Defaming Pink Slime “The lawsuit is without merit. We will contest it vigorously.” —Jeffrey Schneider, senior vice president of ABC News, talking about a $1.2 billion defamation lawsuit against ABC by a South Dakota meat processor that accused it of …
Pay-drive “Esurance is the latest California company to offer consumers a simple and innovative insurance option that allows motorists who drive fewer miles to save money by only being charged for the insurance they need and use.” –California Insurance Commissioner …
No on Technology “While there are occasional discussions with certain insurers and vendors, the department has no imminent plans to initiate usage-based rating factors.” —Pat McConahay, a spokeswoman for the California Department of Insurance, which is opposed to expanding the …
Face Up “Dear Mayor, can we please get a leader that understands that a department sends officers (to) the funeral of an officer killed in the line of duty?” —Former Greenville, S.C. police Sgt. Susan Graziosi who is suing the …
A Checklist for Students “While homeowners insurance coverage for some valuables does travel with the student, policies may limit coverage for a student’s off-premises belongings. It is important to learn your policy’s specific coverages.” —Pennsylvania Insurance Commissioner Michael Consedine on …
