The New Mexico Court of Appeals recently rejected the theory of liability stacking with regard to automobile insurance, the American Insurance Association (AIA) reported. In the case of Linda Ann Slack, et al. v. James Robinson, et al., the court …
Real Ohioans whose lives have reportedly been turned upside down by a tort system run amok will be the most important beneficiaries of a sweeping litigation reform bill introduced last week in the Ohio Senate. The American Insurance Association (AIA) …
On the heels of similar increases from the previous year, purchasers of Directors & Officers (D&O) liability insurance paid nearly 30 percent more for their D&O coverage, according to Tillinghast Towers Perrin’s 2002 Directors & Officers Liability Survey. The sustained …
The Alliance of American Insurers (AAI) is opposing passage of a bill heard Tuesday by a Massachusetts legislative panel that would add fuel spill coverage to the standard homeowners insurance policy. HB 1961 mandates that insurers writing homeowners insurance in …
Standard & Poor’s reports that a recent outbreak of a pneumonia-like illness known as Severe Acute Respiratory Syndrome (SARS) in greater China and southeast Asia is unlikely to have any immediate impact on its ratings on insurance companies and banks …
Allcity Insurance Company, an operating subsidiary of New York’s Empire Group, which is currently in runoff, reported a net loss of $3,748,000 or $0.53 per share for the year ended December 31, 2002 compared to a net loss of $18,048,000 …
A record crowd has registered for this year’s Claims Conference & Insurance Services Expo, which will be held March 30 – April 2 at the Dolphin and Swan Hotels at Disney World in Orlando. More than 3,000 claims industry professionals, …
Claims inflation on liability policies in the Danish non-life insurance market looks set to put short-term stress on some companies’ solvency levels, Standard & Poor’s said, following a review of its insurer financial strength ratings in the market. Reflecting the …
Under the Alliance to Protect Kentucky’s Healthcare, healthcare providers from across the state will join forces to combat the reported downward trend in medical professionals able to serve Kentucky’s needs. The Alliance cites medical liability abuse as driving up the …
A recent order by the Supreme Court of Florida to approve amendments to the rules regulating the Florida Bar is a significant victory for insurers and consumers alike, according to the Alliance of American Insurers (AAI). “This is a huge …