The Insurance Institute for Highway Safety says that frontal offset crash tests it has conducted since 1995 have prompted huge improvements in how vehicles protect people in frontal crashes. Now that consumer information program is undergoing a major change. The …
If the plaintiffs in the Vioxx case currently being tried in New Jersey win, the damage awards against Merck & Co. are likely to be modest and not affect the drugmaker’s ability to manage the financial fallout from the thousands …
West Virginia, Louisiana, Illinois, California, and Texas were among the worst states for legal fairness, while Mississippi is improving after enacting legal reforms, according to a new ranking of the best and worst state legal systems released by the U.S. …
Insurance companies believe that even though a court rejected a motion to dismiss the Mississippi case challenging the flood exclusion in standard homeowners insurance policies, the ruling is actually a good sign for the insurance industry. Three trade groups that …
The National Association of Mutual Insurance Companies has urged Mississippi Gov. Haley Barbour to sign into law a bill that would require five of the state’s most southerly counties to enact emergency building code standards. In a letter to Gov. …
The Florida Senate has passed a repeal of joint and several liability, which means the measure now goes to Gov. Jeb Bush who is expected to sign the bill into law. The bill (HB 145) eliminates joint and several liability, …
Ogden, Utah, officials are expecting a $2.5 million insurance settlement for a fire that destroyed a building the city had offered for sale at a fraction of that amount. The cause of the March 11 fire that destroyed the 100-year-old …
Members of the Association of California Insurance Companies (ACIC) in Sacramento have re-elected their officers for a one-year term. Cinda Smith, senior counsel with Geico, was re-elected chair of the board of directors; Carry Cheldin, president of Crusader Insurance Co., …
The Supreme Court has made it more difficult for investors to join forces to file high-stakes fraud lawsuits against companies. The 8-0 decision handed down on March 21 blocks state class-action lawsuits by stockholders who contend they were tricked into …
Defendants accused in the overturning of a boat that killed 20 elderly tourists last year on an Adirondack lake in New York argued in court papers they weren’t at fault and the accident was caused by events beyond their control. …