The automobiles of repeat drunk drivers would carry special license plate numbers under a bill under consideration by lawmakers. The license numbers or letters–the specific code hasn’t been determined–would allow police to quickly identify motorists convicted of driving while intoxicated. …
Citing assets of between $50 million to $100 million and debts of more than $100 million, specialty insurer Frontier Insurance Group filed on July 5 for Chapter 11 protection from creditors in U.S. Bankruptcy Court in New York. Most of …
A Manhattan judge quashed 10 subpoenas served by state Comptroller Alan Hevesi on the state insurance department and ruled that Hevesi has no authority to compel an audit of the department’s liquidation bureau. Hevesi tried last year to do a …
Vermont Gov. James Douglas has signed into law a bill to financially protect firefighters who suffer heart attacks in the line of duty. The measure, which took effect upon signing, ensures that firefighters who suffer work-related heart disease receive workers’ …
Gov. John Lynch signed into law a bill that promises to dramatically change the way health insurance companies set rates for small businesses in New Hampshire. The law takes effect Jan. 1, 2006. Under it, insurers can no longer set …
The DuPont Co. has reached a multimillion dollar settlement in a landmark lawsuit brought by Rhode Island against makers of lead paint. According to the state attorney general, six other manufacturers remain as defendants in the lawsuit, which accuses the …
Connecticut has eliminated the projected 20-year debt of its Second Injury Fund for workers’ compensation claimants in just six years by recently paying off the final $48 million, the state treasurer announced. In the past six years, the program’s unfunded …
Massachusetts insurance customers of insurance broker Marsh & McLennan are being urged to hold off on agreeing to the broker’s proposed settlement by the state’s attorney general. Attorney General Tom Reilly has mailed a letter to an estimated 300 policyholders …
The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. The so-called “standard” markets shed their underpriced business–along with much …
Medical malpractice insurance rates rose dramatically during the past five years, but the amount insurers paid out in claims did not, according to a study from a consumer advocacy group. The study, by the Center for Justice & Democracy, found …
