News Currents

News Currents

Tenn. bill seeks certification to reduce med-mal claims Tennessee lawmakers are working on a compromise medical malpractice reform bill that wouldn’t set a cap on damages but would create a way to penalize lawyers who bring frivolous lawsuits. The compromise …

News Currents

Restoration work continues after Florida tornadoes With the final death toll standing at 20, the tornadoes that slammed central Florida on Feb. 2 have been dubbed “Ground-Hog Day Tornadoes” by The Florida State Emergency Response Team. The groundhogs in Sumter, …

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New insurer caters PUREly to Florida’s wealthiest residents Florida’s wealthy residents have a new personal lines insurer promising to save them money on premiums. The company will sell property/casualty insurance for high value homes, cars, jewelry, art, and personal excess …

Texas orders homeowners carriers to justify rates

The Texas Department of Insurance said on Mar. 9, 2007, it will require homeowner insurance carriers to file and justify their current rates in the coming months. The department said 2006 loss ratios, recent changes in the Texas market, and …

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Ark. Senate passes teen driving rules; highway bond measure Teenage drivers in Arkansas would have more restrictions on their driving privileges under Senate Bill 196, which recently passed the state Senate. According to the Senate announcement, teens with a learner’s …

News Currents

La.’s Donelon forges agreement with Allstate over cancelled policies Louisiana Commissioner of Insurance Jim Donelon reported on March 19, 2007, that he had reached a settlement with Allstate concerning 4,772 policyholders in four south Louisiana par-ishes whose homeowners insurance was …

Calif. jury returns asbestos verdict of more than $868,000

A San Francisco jury has ruled in favor of the family of a drywall taper in a products liability case against a former manufacturer and supplier of asbestos-containing joint compound, spray texture and acoustical ceiling spray. The jury determined in …

News Currents

Idaho Senate passes bill to require underinsured motorists coverage A bill to require Idaho insurers to offer coverage for accidents involving underinsured drivers passed the Senate, overcoming objections from two insurance agents who said it could increase costs. The measure …

News Currents

Nevada lawmakers debate policy on drug tests for injured workers Injured Nevada workers could face required drug tests to prevail in insurance disputes, under an industry-backed proposal debated by state legislators. The Senate Commerce and Labor Committee recently heard testimony …

News Currents

Insurers lose steam in auto rate reg fight A California Superior Court judge has thrown out a lawsuit that challenged rules requiring auto insurers to base their rates primarily on drivers’ records instead of where they live, leaving insurance trade …

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