Monthly Archives: <span>June 2006</span>

Does an Auto Accident Affect the Insured’s Ability to Reinstate an Auto Liability Policy?

In Anderson v. Cooperative Insurance Companies, __ A.2d __, 2006 WL 73430 (Vt. Jan. 13, 2006), the Supreme Court of Vermont was presented with an interesting question involving the reinstatement of coverage under an automobile insurance policy. In Anderson, the …

Losses from April Hailstorms in Central Texas Reach $160M

The hailstorms that pounded central Texas in April were costly, according to the Insurance Council of Texas. The final tally for insured losses from storms on April 20 and 21 reached $160 million. The city of San Marcos bore the …

Allstate Settles Texas Insurance Scoring and Discrimination Lawsuit

Allstate Insurance Co. announced it has reached a settlement with the plaintiffs in the case of Jose DeHoyos, et. al. vs. Allstate Insurance Co., et. al., which was preliminarily approved by United States District Judge Fred Biery. The case, filed …

Top Hawaii Lawyers Disqualified from Dam Investigator Spot

Members of Hawaii’s top law firms have been knocked out of the running for a spot as special investigator of the Kaloko Reservoir dam disaster that collapsed in March flooded areas on the the island of Kauai. In a 16-page …

Cypress Care Names Three Regional Sales Managers

Regional sales managers for three major U.S. regions, including Pacific Northwest, Midwest and Northeast have been appointed by Atlanta-based Cypress Care Inc., a pharmacy benefits management company specializing in the workers’ compensation industry. Hired for the new positions are Karla …

California State Fund Files Average 10 Percent Premium Decrease

California’s State Compensation Insurance Fund filed its sixth consecutive rate reduction, reflecting an average collectible premium decrease of 10 percent on new and renewal workers’ compensation policies with an effective date on or after July 1, 2006. The filing also …

More Insurance Measures to be Considered in La.

While the Louisiana House of Representatives Insurance Committee recently killed two bills and moved another forward, other insurance related measures are waiting in the wings. According to the Tatman Group, a lobbyist for the Professional Insurance Agents of Louisiana, bills …

La. House Committee Rejects Two Insurance Bills; Another Moves Forward

Bills to expand lawsuit options against insurers who are slow to pay claims and to change the way insurance companies get rate hikes were rejected by the Louisiana House Insurance Committee. Both faced staunch organized opposition from business and insurance …

Study Ties N.Y. Med Mal Premiums to Liability Awards, Not Cycles

The cost of medical malpractice insurance in New York can be linked directly to the state’s malpractice litigation awards, rather than to the cyclical nature of the insurance pricing, according to a new study by the Manhattan Institute’s Center for …

Fla. Property Owners to Pay 1% Insurance Charge for Hurricanes

Floridians will pay a 1 percent assessment on property and casualty insurance policies for a decade to repay a bond sale of up to $1.5 billion that was approved Wednesday to replenish the state’s Hurricane Insurance Catastrophe Fund. The sale …