May 7, 2007
The Las Vegas area has stolen the top spot on the list of auto thefts around the nation, followed by other areas in the West. After three consecutive years as the area with the worst per capita vehicle theft, Modesto, …
May 7, 2007
Ariz. Governor Napolitano signs captive insurance law Arizona Governor Janet Napolitano has signed HB2294, Captive Insurer Amendments, updating Arizona’s captive insurance law. The amendments will be effective 90 days after the legislative session adjourns. The amendments: •Allow the establishment of …
May 7, 2007
California susceptible to class action lawsuits California’s class action law ranks 46th in the nation in fairness and reasonableness, according to an annual national ranking of state civil justice systems. The only worse systems were in Louisiana, Illinois, Mississippi and …
May 7, 2007
The Oregon Senate Judiciary Committee is considering increasing the maximum liability limits that may be awarded for damage claims against government agencies. Meanwhile, the state Supreme Court is evaluating arguments on whether the Oregon Legislature can constitutionally limit the amount …
May 7, 2007
Ore. Senate committee to allow preteens on ATVs All-terrain vehicle riders and those concerned about their safety have reached a compromise that would keep preteen children on the popular machines. An Oregon Senate committee announced a plan that would require …
May 7, 2007
Key subcommittee chairman favors six to eight-year terrorism insurance extension Insurance industry pushes for longer period with some in favor of 20 years or more In his opening statement as chair of a U.S. House of Representatives subcommittee considering extension …
May 7, 2007
Another report details property/casualty insurers’ 2006 profitability, escape from storms Warns falling prices mean profits are at, or are steadily, approaching the cyclical peak Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp …
May 7, 2007
Study: Obese workers drive up workers’ compensation costs Gaining too much weight can be as bad for an employer’s bottom line as it is for a person’s waistline. A Duke University Medical Center analysis found that obese workers filed twice …
May 7, 2007
Dog daze: pet food case raises product recall, ‘special’ property claims The tragedy could even lead to some new coverage opportunities for the insurance industry if lawyers are successful While the manufacturer of the contaminated multi-brand pet foods that have …
May 7, 2007
Mass. ruling revives possibility of auto assigned risk plan Whether Massachusetts will implement an assigned risk plan for its private passenger auto market was considered a dead issue when in January the incoming Patrick administration suspended rules to create one, …