The American Insurance Association (AIA) on Tuesday said that the tort reform legislation (HB 393) just enacted in Missouri is a fair and balanced solution to the state’s growing liability problems. “This measure balances the needs of businesses to operate …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Burlington County woman was ordered to pay a $5,000 fine after pleading guilty to falsifying records in order to submit a phony insurance claim worth more than $42,000. …
The National Transportation Safety Board has released preliminary aviation accident statistics for 2004 showing a decrease in several civil aviation categories, including scheduled airliners, air taxis and general aviation operations. The total number of U.S. civil aviation accidents decreased from …
Massachusetts should repeal its no-fault law, end its reliance on uniform state-set rates, and remove the state antitrust exemption for auto insurers if it wants to improve its auto insurance system for consumers. That advice comes from the author of …
Wausau Insurance announced it is more than doubling its in-house individual account coverage limits up to $25 million for its middle-market umbrella insurance program. This new middle-market feature is aimed at leveraging an umbrella program offered by the large account …
Texas Gov. Rick Perry recently named Ronald J. Walenta, of Dallas, to a six-year term on the Board of Directors of the Texas State Office of Risk Management. Walenta has been involved in risk management consulting, claims consulting and various …
As planned, a group of Michigan property/casualty insurers has filed a lawsuit challenging the state’s new rule set banning their use of credit scores in auto and homeowners insurance and reducing base rates. According to Crain’s Detroit Business, the Insurance …
Louisiana Governor Kathleen Babineaux Blanco announced the appointment of Sharon Buchanan Robinson as the new State Inspector General to lead the office in the prevention of waste, mismanagement, abuse, fraud and corruption in the executive branch of state government. The …
The Board of Directors of American International Group, Inc. (AIG) confirmed that it has received a letter from David Boies on behalf of its Chairman M. R. Greenberg, indicating his intent to retire from his position as chairman of the …
As of March 27, all children in New York state ages 4, 5 and 6 in automobiles are required to be restrained in approved car booster seats. New York Assemblyman Jack McEneny and Sen. Dean Skelos, who sponsored the successful …