Government News

Judge Limits D.C. Metro’s Potential Liability in Suit over Fatal Crash

A federal judge has limited the D.C. Metro’s potential liability in a suit brought by survivors of those killed in the 2009 crash on the red line by ruling that the transit agency can’t be faulted under federal law for …

Texas Lawmaker Presses on With TWIA Settlement Information Request

Texas State Rep. Larry Taylor, R-Friendswood, in late October filed a mandamus petition in the 1st Court of Appeals in Houston seeking relief from a temporary stay of his request for information concerning a $189 million settlement between the Texas …

Guess Who’s Coming to Washington?

It’s a long way from Main Street America to Capitol Hill, a distance most small business owners prefer not to travel. But greater numbers of business owners than ever before will be packing up and moving to Washington, D.C., next …

Group: New York City Building Industry Still Slowing

A business group says the economic downturn is still having an effect on New York City’s construction industry – a key driver for commercial insurance spending in the region. The New York Building Congress says construction spending in the city …

Doak to Replace Holland as Oklahoma Insurance Commissioner

Oklahoma will have a new insurance commissioner next year, as insurance agent John Doak joined the Republican sweep in the Nov. 2 midterm elections to defeat current Commissioner Kim Holland. Unofficial results on Nov. 3 from the Oklahoma State Election …

U.S. Fights Against Health Care Fraud

The Fight Against Health Care Fraud Affects More Than Reporting Firm The U.S. Department of Health and Human Services has been conducting regional seminars aimed at identifying best practices for providers, law enforcement and beneficiaries in preventing health care fraud. …

Declarations

Settlement Scramble “A lot of people appear to be making a last minute decision. It’s like tax day… there is going to be a lot of last minute wrangling.” —Paul Napoli, a leader of the legal team representing most of …

Do Certificates of Insurance Matter?

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. Generally, a Certificate of Insurance is a summary document usually issued …

It Figures

$2.4 Billion American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring and …

California Approves Amendments to Privacy Regulations

In what’s being called “a major victory for insurance agents and brokers,” the California Office of Administrative Law has approved Department of Insurance plans to repeal certain portions of its privacy regulations. The recent action should make it easier for …