News Currents

Three insurers sue to recover claims paid in ’02 wildfire Three insurance companies filed a federal lawsuit to recover $7.04 million in claims paid for homes damaged or destroyed in the 2002 Hayman Fire in Colorado. State Farm Fire & …

City hall suits The cost to New York City of settling legal claims against it has more than doubled since 1995, reaching more than $575 million in 2005, according to the New York City Independent Budget Office. Personal injury claims …

The virtual, global economy challenges, humbles insurance leaders Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are …

Mass. agents seek 4% auto pay raise Massachusetts independent insurance agents have filed for a four percent hike in the commission they receive on private passenger auto insurance polices. If approved by Insurance Commissioner Julianne Bowler, the increase would mean …

Michigan helmet repeal legislation nixed by governor Michigan Gov. Jennifer Granholm vetoed a bill on June 23 that would have repealed the state of Michigan’s 37-year-old mandatory helmet law. The proposed law change pitted safety and insurance organizations against the …

Risk mixing and matching with miscellaneous health care facilities Someone once said “change is inevitable,” and in the health care arena that truism rings a bell. It wasn’t so long ago that the only place a person would go for …

Michigan helmet repeal legislation nixed by governor Michigan Gov. Jennifer Granholm vetoed a bill on June 23 that would have repealed the state of Michigan’s 37-year-old mandatory helmet law. The proposed law change pitted safety and insurance organizations against the …

Report not kind to FEMA regarding hurricane assistance Watchdog agency finds around $1 billion was handed out improperly A report released June 14 by the U.S. Government Ac-countability Office (GAO) assessing the Federal Emergency Management Agency’s handling of its disaster …

Appeals Court rules insurer’s indemnity obligation is joint and several The Court of Appeals of Oregon has decided that an insurance company’s indemnity obligation to its policyholders is joint and several, not pro-rata, in an environmental liability insurance coverage case. …

Despite understanding risk, drivers gab away on cell phones Despite knowing that driving and talking on a cell phone at the same time is dangerous, and that it is safer to use a hands-free device to hold the cell phone, …