Floridians for Quality Affordable Healthcare released a report concluding that $250,000 cap on non-economic damages in medical malpractice cases would have saved 25 percent of nearly $1.2 billion in malpractice settlements and awards paid in Florida in just three years. …
The Insurance Bureau of Canada has released estimates that the rain storms that swept across the country’s Atlantic region on April 1st caused $14.3 million in insured damage to cars, homes and other properties. “It was a devastating week,” stated …
Texas insurance companies have paid out just under $4 billion for mold claims in the past three years. According to the Insurance Council of Texas, an insurance trade association, mold claims have represented a larger monetary loss for insurers than …
The Michigan Legislature has passed a bill limiting insurer exposure under the Standard Fire Policy Act and sent it to the governor, whose signature is urged, according to the Alliance of American Insurers. Under the bill, HB 4432, commercial property/casualty …
Fitch Ratings has affirmed all ratings on the Hartford Financial Services Group, Inc. (HFSG). This includes HFSG’s fixed income ratings and the insurer financial strength rating of the Hartford Fire Intercompany Pool. Further, these ratings have been removed from Rating …
The National Association of Independent Insurers (NAII) filed an amicus brief encouraging the Minnesota Supreme Court to uphold the “American Rule” for recovery of attorneys’ fees. A state district court decision awarded an insured full payment of court costs including …
The Annual Managing Mold Liabilities Conference From Construction through Trial will be held Aug. 26-27 at the Hyatt Regency in Irvine, Calif. The program goes in-depth into legal, scientific, risk management and trial strategies relating to management of mold. The …
A.M. Best Co. said it views positively Aetna Inc.’s settlement of the national class action lawsuits with more than 700,000 physicians, state and other medical societies pending in the federal court for the Southern District of Florida, as well as …
In the final hours of the 2003 Missouri legislative session lawmakers pushed through a tort reform bill reportedly designed to overturn the effects of a devastating court case that is largely responsible for sharp increases in medical liability rates in …
Indianapolis-based ADESA Corp., an ALLETE company, has issued Global Vehicle Remarketing 2003, an annual detailed analysis of the state of the vehicle auction industry. The 80 page report is available from ADESA Corp. and will soon be posted on its …