The Arizona House has narrowly rejected a medical malpractice bill that would have made it harder to successfully sue emergency medical providers for alleged malpractice. The bill was the only major piece of malpractice legislation considered during the current session. …
Three former lead paint manufacturers who lost a landmark lawsuit last year could learn by mid-September what the state wants them to do to clean up contaminated properties in Rhode Island — a process that is estimated to cost billions. …
The South Carolina House of Representatives unanimously approved a workers’ compensation reform measure that is stronger than the version passed last month by the Senate, according to the American Insurance Association. The vote now sets up a showdown with the …
The California Department of Insurance and the Orange County District Attorney’s Office have arrested three doctors for medical fraud. The doctors are the latest charged defendants in what’s being dubbed the Unity Outpatient Surgery Center scheme, and are accused of …
Idaho has passed several laws this legislative session that have been signed into law and will take effect July 1. The laws include: *HB 088: Amends Idaho Code § 41-5403 to add a risk based capital trend test for property …
A.M. Best Co. has assigned a rating of “bbb” to the $1.5 billion subordinated trust preferred securities issued by Zurich Holding Company of America (ZHCA). The notes were issued through ZFS Finance (USA) Trust IV for a principal amount of …
Texas Mutual Insurance Company reported that Cecil R. Bryant of DeSoto, Texas, pleaded guilty to workers’ compensation fraud-related charges. A Dallas County court ordered Bryant to serve a five-year probated sentence, repay $11,814 in benefits and pay a $1,500 fine. …
A Louisiana House of Representatives committee approved a relaxation of the statewide building codes enacted after the 2005 hurricanes, disregarding the objections of the insurance industry. Insurers applauded when the Legislature approved statewide codes in 2005, just months after hurricanes …
Insurance companies should be allowed to adjust their homeowner policies’ deductibles depending on a property’s distance from the Gulf coast and the risk of hurricane damage, the Louisiana Senate has decided. Under current law, deductibles must be at the same …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Lancashire Insurance Company. Best also affirmed the FSR of “A-” (Excellent) and assigned an ICR of “a-” …