insurance policy News

New Mexico City Refuses To Pay For Damage From ‘Bait’ Car

Albuquerque refuses to pay for damage to a New Mexico home struck by a city-owned bait car driven by teens, directing the homeowner to turn to his insurance policy to recover the costs for the damages. Bait cars are vehicles …

Illinois Governor Signs Bill Mandating Insurance For Athletes

Starting next year, Illinois high schools must offer catastrophic insurance coverage for student athletes, under a bill Gov. Pat Quinn signed into law on Sunday. The law was inspired by the late Rasul “Rocky” Clark, who played football for Eisenhower …

Arizona Third State to Allow Posting Policies Online

Arizona Gov. Jan Brewer signed a bill that allows a property/casualty insurer to post policies online and send a link via email to policyholders in lieu of providing a hard copy. Brewer signed HB 2565, which allows an insurer to …

Minnesota Parents Asked to Insure Students’ Electronics

Some school districts in Minnesota want parents to pick up the tab for insuring expensive tablet computers that are given to students. More and more electronics are replacing textbooks, paper and pencils. Farmington schools will buy enough Apple iPads for …

Reno Donates $75,000 Toward Air Race Insurance

Even after a local agency agreed to donate $75,000 the Reno Air Racing Association remained $1 million short of the amount it needs to meet its high insurance premium. Insurance premiums for the Reno National Championship Air Races jumped $1.7 …