insurance coverage News

Illinois Governor Signs Bill Mandating Insurance For Athletes

Starting next year, Illinois high schools must offer catastrophic insurance coverage for student athletes, under a bill Gov. Pat Quinn signed into law on Sunday. The law was inspired by the late Rasul “Rocky” Clark, who played football for Eisenhower …

CP Rail Subcontracted to MMA in Quebec Train Crash; Coverage an Issue

Canadian Pacific Railway, hired to transport oil from North Dakota to New Brunswick, subcontracted part of the job to the small railroad involved in the deadly crash in Lac-Megantic, Quebec, the company that chose the Canadian railroad said. CP Rail, …

Groups Warn N.Y. Assembly’s Insurance Reform Bills Have Potential to Backfire

Industry groups are warning that the New York State Assembly’s recent approval of the post-Sandy insurance reform package has the potential to backfire and are urging the state Senate not to take up this legislation. The reform package includes a …

N.Y. Assembly Approves a Flurry of Post-Sandy Insurance Reform Bills

The New York State Assembly approved on Tuesday a comprehensive post-Sandy insurance reform package comprised of 14 pieces of legislation. All approved measures now move to the state Senate for further consideration. The approved bills range from establishing a “homeowner’s …

Report: New Mexico Facing Medical Access Difficulties

New Mexicans could have longer waits for a doctor or specialist as demand grows for medical services because of an aging population and expanded insurance coverage under a federal health care law, legislative auditors said Wednesday. A report released by …

Commentary: Lessons From Recent Decisions on Bad Faith Litigation

A rising tide of first-party bad faith decisions is defining the contours of the bad faith cause of action. Recently, three courts have found first-party insurance companies liable for bad faith claims handling. However, there are also two recent bad …

Munich Re Study Focuses on Rising ‘Cyber Crime’

“Cyber attacks are a reality and companies need to prepare themselves,” warns Munich Re in a recently released study – “Cost of Cyber Crime” – conducted by the Ponemon Institute. “Advancements in the IT sector are opening up new applications, …

Lloyd’s Report Focuses on ‘Gap’ in Disaster Costs and Insurance Coverage

A new report from Lloyd’s notes that the “the world has been battered by natural catastrophes in recent years, revealing a serious gap between the economic cost of natural catastrophes and the levels of insured risk.” Recently published research, Lloyd’s …

Africa’s Pirates Have Demands for Insurers – and a Letterhead, Too

Welcome to the Pirate Action Group. Pirate commander Jamal wishes to congratulate you on being hijacked. Kindly speak to his negotiator about your ransom, bearing in mind that his demands are similar for every vessel he seizes. This is not …

EU Agency ENISA Calls for ‘Kick-start’ in Cyber Insurance Market

Europe’s citizens and businesses could benefit from better protection for their computer systems and data if the cyber insurance market can be kick-started, according to a recently released report from the European Network and Information Security Agency (ENISA). The report …