New York’s highest court Wednesday said it was legal for residents of the state to take out life insurance on themselves and immediately sell the policy, a ruling seen as having substantial implications in the so-called “life settlement” market. A …
Federal safety officials are calling on states to require all motorcycle riders to wear helmets, citing a surge in fatalities since the late 1990s. Motorcycle deaths have increased over the last decade even as other traffic fatalities have declined, the …
Many states are making progress toward making roads safer, but Oregon and Washington do the best of promoting roadway safety with traffic laws, according to a new report by the Emergency Nurses Association. The report indicates that Minnesota, Arkansas, Louisiana …
An Ingham County Circuit judge has stopped Blue Cross Blue Shield of Michigan from implementing rate increases as high as 66 percent for some seniors. Tuesday’s preliminary injunction also requires a public meeting be held. The Michigan attorney general’s office …
Insurance Brokers and Agents of the West (IBA West) is working to persuade the California Department of Insurance to phase-in implementation of provisions of a new law (AB 2782) that will require property/casualty insurance agents and brokers starting next year …
A government audit of the Tennessee Department of Commerce and Insurance (TDCI) has found that the agency has managed to reduce costs and operate efficiently during the economic downturn. In fact, the state Comptroller’s audit found no issues with how …
A federal jury in Des Moines has ruled that an Iowa hotel chain unlawfully fired an employee because of her “tomboy” appearance. The jury found that Heartland Inns of America fired Brenna Lewis for not conforming to the hotel’s gender …
Travis County, Texas, District Judge Suzanne Covington issued a permanent injunction on Nov. 15 barring SideCars Inc. of Joplin, Mo., from marketing and selling a form of limited physical damage insurance to used car dealers until the company obtains a …
For many years it has been generally understood by agents, insurers and insureds that Certificates of Insurance are very limited in their purpose. That view may be under assault in Texas. Generally, a Certificate of Insurance is a summary document …
As the deadline to implement the surplus lines insurance modernization bill — or the Nonadmitted & Reinsurance Reform Act (NRRA) in the Dodd-Frank Act — quickly approaches, some of the nation’s legislators are searching for a way to find consensus …
