Missouri’s 93rd General Assembly ended late Friday with a rush of activity to close out what was a successful 2005 session for insurers, according to the American Insurance Association (AIA). “From tort reform to workers’ compensation reform, the new administration …
There is no credible evidence to link the tort system either to the economic ills its critics claim or to the benefits they argue would be produced by altering it, according to a new study by the Economic Policy Institute. …
An insider’s perspective on insurance-related topics including Terrorism Risk Insurance Act, state vs. federal regulation and tort reform was given by U.S. Congresswoman Sue Kelly, R-N.Y., vice chairman of the House Financial Services Committee during a May 6 presentation on …
An Aon study, commissioned by the American Health Care Association and released Thursday, has found that, across the United States, the frequency of claims filed annually has more than doubled and severity has tripled in the long term care sector …
Florida took a decisive step forward in the fight against out-of-control asbestos lawsuits as the Legislature sent the Asbestos and Silica Compensation Act (HB 1019) to the governor on Thursday, according to the Property Casualty Insurers Association of America (PCI). …
While Congress took a big step in passing the Class Action Fairness Act earlier this year, state litigation reform measures are likely to have a more significant impact on insurance markets and the economic environment across the nation, according to …
Insurers in West Virginia, reacting to the legislation singed last week that eliminates third-party, bad-faith lawsuits, have begun to take the first steps toward lowering insurance rates. State Farm Insurance Friday requested approval for a 10 percent rate decrease for …
The Florida House has passed the Asbestos and Silica Compensation Act (HB1019), which requires plaintiffs meet specific medical criteria before they can pursue an asbestos or silica claim in the court system. The bill contains important components of the Property …
Colorado Gov. Bill Owens has vetoed legislation (SB 25) that would have put in place automatic inflation adjustments for the cap on non-economic damages. “The Property Casualty Insurers Association of America (PCI) urged Gov. Owens to veto the bill which …
The American Tort Reform Association (ATRA) on Thursday applauded the Manhattan Institute’s Center for Legal Policy for exposing how plaintiffs’ lawyers are reportedly driving businesses and jobs from California. Released by the Manhattan Institute’s Center for Legal Policy, “Trial Lawyers …