Monthly Archives: <span>July 2008</span>

Wisconsin Supreme Court Orders $1 Million Payout in Malpractice Case

The Wisconsin Supreme Court has ordered an insurance company to pay nearly $1 million in a medical malpractice case. The decision upholds an earlier ruling that Physicians Insurance Co. of Wisconsin must pay damages and costs to the estate of …

Insurers Settle Clergy Sex Abuse Claims with Massachusetts Diocese

The Roman Catholic Diocese of Springfield, Massachusetts, has reached an $8.5 million settlement with insurance companies to pay claims filed by people who were sexually abused by priests. Mark Dupont, a spokesman for the diocese, said $3.5 million will be …

Employers Accused of Using Federal ERISA Law to Deny Benefits

Dying of cancer, Thomas Amschwand did everything he was told to make sure his wife would collect on the life insurance policy he had through his employer. “He was obsessed with dotting every ‘i’ and crossing every ‘t’,” Texas native …

Moderate Earthquake Jolts Japan; No Reports of Damage or Injuries

A moderately strong earthquake shook Tokyo and its environs on Saturday, but there were no reports of injuries or damage, officials said. Japan’s Meteorological Agency said no tsunami warning was issued. The magnitude 5.1 earthquake was centered off the coast …

Mortgage Rescission Could Be Class Action Nightmare for U.S. Banks

A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law. …

Insurers Welcome Rhode Island Supreme Court Lead Paint Decision

The property/casualty insurance industry is applauding a recent Rhode Island court ruling on lead paint for confirming that a state’s product liability, not public nuisance, law should govern in such cases. In its landmark ruling, the Rhode Island Supreme Court …

Mississippi Businesses Have Until July 28 to File for U.S. Assistance

The U.S. Small Business Administration says homeowners, renters, businesses and non-profits in Hinds County have one month left to submit disaster loan applications for damage caused by the severe storms and tornadoes of April 4. The deadline to file is …

Three Little Known Reasons to Buy Insurance Leads

As an agent, buying insurance leads is something to consider now, not later. With so much competition in the industry, if you do not purchase leads you may find yourself at the back of the pack sooner rather than later. …

Arkansas Hospital Notifies 1,800 Patients of ID Fraud

A woman has been arrested for using financial information from patients at Baptist Health in Little Rock, Arks., to illegally obtain Wal-Mart gift cards for her own use, and the hospital has notified about 1,800 patrons of the ID theft. …

Texas High Court Rules Contractor Not at Fault in Jail Death

The Texas Supreme Court has ruled that the descendents of a man who was found hanged with a telephone cord in a jail cell have no standing to recover damages from the contractor that supplied the telephone. In JCW Electronics …