Monthly Archives: <span>March 2007</span>

Audit Questions Wis. Governor’s Plan to Take $175 Million from Med Mal Fund

Wisconsin Gov. Jim Doyle’s plan to transfer $175 million from the state’s medical malpractice fund to pay for health care programs may be illegal and would put the fund on poor financial footing, state auditors warned last week. The nonpartisan …

AAA Michigan Hosts Claims Career Day March 31

AAA Michigan is hosting a Claims Career Day from 9 a.m. to 2 p.m. Saturday, March 31at the AAA Michigan Headquarters Administrative Office Building, located at 1 Auto Club Drive, Dearborn, Mich. Representatives will be on hand to answer questions …

Insurers Urge Pa. to Ban Charge-Backs on Fees for Police, Fire Services

Commissioners in Radnor Township, Pa. last month voted to end a plan to bill out-of-town motorists involved in traffic accidents for police services but insurers want to make sure other towns don’t try it. The Property Casualty Insurers Association of …

What Every Insurance Agent Should Know About Insurance Leads

North Hollywood, CA – QuotesAuction.com’s Real Time Insurance Leads Program is helping insurance agents nationwide increase sales and spend less time on pointless cold calling. This service was designed based on feedback from thousands of insurance agents and countless industry …

First Responders, Businesses Tell Congress U.S. Needs Disaster Plan

A coalition of first responders, emergency management experts, businesses and insurers told Congress that America needs a comprehensive public-private, federal-state partnership to protect against a massive hurricane or earthquake. “Catastrophe protection and preparation is a nationwide priority that must be …

Mass. Auto Report Urges Limited Price Competition; No Assigned Risk Change for Now

A special auto insurance study group appointed by Massachusetts Gov. Deval Patrick has recommended modest changes to introduce limited pricing competition while warning against a proposed overhaul of the state’s high risk pool at this time. Although the study group …

Washington Aims to Establish Insurance Fair Conduct Act

The Washington Senate has adopted an amendeed bill that insurance industry associations say will increase the number of lawsuits filed and needlessly drive up insurance costs for consumers. Senate Bill 5726 was developed to create an insurance fair conduct act. …

PLUS, CPCU To Host D&O Seminar in San Francisco on April 11

The Professional Liability Underwriting Society (PLUS) of Northern California and the Chartered Property Casualty Underwriters Society (CPCU) Golden Gate Chapter will present their first joint program, “Directors and Officers Insurance for Private Companies,” on April 11, 2007 at The City …

Study Claims U.S. ‘Tort Tax’ Tops $9,800 Per Family

America’s legal system imposes an economic cost of more than $865 billion every year, or more than $9,800 per family, according to a new study released by the Pacific Research Institute (PRI), a free-market think tank based in San Francisco. …

Supreme Court to Consider Broader Liability in Securities Fraud

The Supreme Court said this week that it will consider whether shareholders of companies that commit securities fraud should be able to sue investment banks, lawyers and others that allegedly participated in the fraud. The case, which won’t be argued …