News

Thompson Coe Appoints Yacuk Partner in Insurance Section

Texas-based Thompson, Coe, Cousins & Irons has appointed Jason M. Yacuk as a partner in its Insurance Litigation and Coverage section. Yacuk has been with Thompson Coe since 2006. Yacuk maintains an active litigation and insurance coverage practice related to …

Inadequate Warning Claims Against Generic Drugs OK Under State Law

A federal appeals court said Friday that patients may sue generic drugmakers under state law for failing to provide adequate warnings about their drugs’ potential side effects, extending a 2009 U.S. Supreme Court ruling governing makers of name-brand drugs. The …

Foremost Insurance Accepting Up To 40-Foot Boats in Nevada

Foremost Insurance of Caledonia, Mich., has expanded its Family Boaters program in Nevada, accepting more risks and introducing lower rates. Effective Jan. 1, 2010 for new business and Feb. 1, 2010 for renewals, the expansion include: Acceptance of boats up …

Recent Tragedy Forcing Mississippi to Face Its Poor Fire Prevention Record

The nine fire deaths in Starkville on Dec. 28, including six children ages 6 and under, at the Academy Crossing apartment complex is the worst fatal fire to strike Mississippi in modern history and could cause the state to rise …

Georgia Insurance Chief Oxendine Top Fundraiser in Governor Race

Last Friday was a dollar deadline in the race for Georgia governor as the crowded field of candidates faced a key hurdle: demonstrating they can raise enough cash to go the distance. With several candidates still not reporting their fundraising …

Sammis Named Interim Maryland Commissioner

Elizabeth “Beth” Sammis has been appointed Interim Maryland Insurance Commissioner, overseeing the regulation of Maryland’s $26 billion insurance industry. Sammis has served as deputy commissioner for the Maryland Insurance Administration since 2007 focusing on legislative and regulatory policy, with an …

Insurance Fraud Rises As State Bureaus’ Budgets Fall

State insurance fraud fighting bureaus are seeing a significant spike in fraud cases while trying to manage with lower budgets and staffing in the downturned economy of 2009, according to a survey by the Coalition Against Insurance Fraud. Cases increased …

Michigan Regulators Recover $33M for Consumers; $9M from Insurance

Michigan regulators report they recovered a record $33 million for financial services and insurance customers in 2009. Insurance Commissioner Ken Ross said the $33 million in consumer recoveries breaks the previous record of $17 million set by the agency in …

Insurance Surcharge Proposed To Fund Calif. Fire Suppression Efforts

California Gov. Arnold Schwarzenegger has submitted to the Legislature his proposed 2010-11 budget — and called for “greater reductions in nearly every aspect of state government than were necessary in 2009.” “With our national economy still struggling to recover, California, …

N.Y. Fed Sought to Limit AIG Disclosures of Bank Payments

The New York Federal Reserve Bank under Timothy Geithner urged insurer AIG in late 2008 to limit disclosures about its payments to banks after getting a $180 billion government bailout, emails released Thursday showed. The email exchanges, between the New …

News Archives by Month