Declarations

March 24, 2014

Consumer Protection

“Keeping the public well-informed is essential to our mission of consumer protection.”

—Connecticut Insurance Commissioner Thomas Leonardi on his department’s recently launched consumer awareness campaign. The campaign seeks to raise awareness of the many resources the department offers to Connecticut’s insurance consumers. A recent survey in Connecticut found only 3 percent of respondents have used the department’s free services.

Have A Plan

“Whatever you do, don’t have a false sense of security based on where you live. … Always have a plan in case that tornado comes rolling in to town.”

—Meteorologist Brian Barjenbruch with the National Weather Service office in Topeka, Kan.

OK to Mutualize

“The Oklahoma Constitution does not prohibit the Legislature from placing CompSource’s money and other assets in trust with a domestic mutual insurer.”

—Oklahoma Supreme Court Justice Steven Taylor in a ruling upholding the right of state-backed workers’ compensation insurer, CompSource, to transition into a mutual insurance company. CompSource writes about one-third of Oklahoma’s workers’ compensation policies.

Unfair, Illogical Burdens

“The statutory cap on wrongful death noneconomic damages fails because it imposes unfair and illogical burdens on injured parties when an act of medical negligence gives rise to multiple claimants.”

—Florida Supreme Court Justice R. Fred Lewis in a ruling that struck down the state’s caps on noneconomic damages in medical malpractice wrongful death cases. The caps had been set at $500,000 or $1 million depending the number of medical providers or plaintiffs involved.

Topics Connecticut Oklahoma

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Insurance Journal Magazine March 24, 2014
March 24, 2014
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