Tort reform continued to advance around the country last week as legislators in the House of Representatives in Iowa, Missouri and Oklahoma passed measures that would put caps on noneconomic damages in medical liability cases. The Iowa House passed HB …
An editorial that appeared in the Newark Star-Ledger on March 4 evoked a positive response from the Property Casualty Insurers Association of America. PCI Northeast Regional Manager Richard Stokes, in a letter to the paper’s editor, said the article, “Progress …
New Jersey Attorney General Peter Harvey announced that a Morris County auto repair shop owner was ordered by Bergen County Superior Court Judge Sebastian Gaeta to pay a civil insurance fraud fine for falsely reporting his car stolen in order …
A.M. Best Co. announced that it has assigned a prospective debt rating of “a+” to the proposed subordinated debt issue by U.K. insurer Legal & General Group plc “The issue has undated maturity (albeit redeemable either at the option of …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Japan’s Fuji Fire & Marine Insurance Company, Limited. Best also assigned a financial strength rating of “B++” (Very Good) to Fuji Fire’s wholly …
The Independent Insurance Agents of San Antonio announced it is presenting a two-hour continuing education ethics course on April 8, 2004. IIASA noted that this course is back by popular demand. The class will be taught by Phil Barrow of …
The AIG Companies have introduced SAFETY Act Homeland Protector, a new set of product and professional liability coverages designed for companies developing and selling anti-terrorism products and technologies in accordance with the Support Anti-Terrorism By Fostering Effective Technologies Act of …
Long-needed, comprehensive reforms to Florida’s troubled workers’ compensation system passed during last May’s special session of the Legislature, culminating a long-term effort by Florida’s business and insurance industry coalition, with the support of Gov. Jeb Bush and legislative leaders. Just …
A March 11 fire at the Boaz Shopping Center in Alabama brought eight area fire departments to fight the blaze, which destroyed one business and damaged five others. Three Boaz firefighters were treated for smoke inhalation and dehydration following the …
A.M. Best Co. announced that it has downgraded the financial strength rating to “B+” (Very Good) from “A-” (Excellent) of Centre Solutions (Bermuda) Ltd. and its operating subsidiaries. Best also changed the under review status for all ratings to negative …