evidence’ standard is not required under N.J.’s fraud law. News Currents N.J. Supreme Court lowers bar for proving customer fraud The New Jersey Supreme Court has set an easier standard of proof for an insurance company suing an insured for …
Pennsylvania Gov. Rendell not shy with his veto pen Pennsylvania Governor Edward G. Rendell recently vetoed legislation designed to scale back the obligation of defendants to pay damage awards in civil lawsuits. He also nixed legislation that would have capped …
This regulation by class action invites a mishmash of rules of disclosure that is likely confuse customers and eventually burden agents. Independent agents for Zurich Insurance are being asked to pay for the sins of company executives and large brokers …
Maine Gov. John Baldacci has signed a law that clarifies the process of cleaning up credit reports of people who become identity theft victims. The law takes effect later this year. Rep. Carol Grose’s clarifies that information that goes in …
D&O insurers may invoke an ‘absolute’ pollution exclusion to deny coverage for claims that arise out of environmental reserves or other pollution. Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the …
A coalition of parents and safety groups, including the American Academy of Pediatrics, are counting on common sense and technology, plus a boost from bipartisan teams of congressional politicians, to drastically curb the number of kids injured in non-crash auto …
The District’s two legislative proposals may serve a public benefit, but neither will reduce premiums for physicians Rather, any medical malpractice reform must have restrictions on non-economic damages and limits on attorney fees. Since St. Paul Travelers, one of the …
One couple has sued Regions Bank for allegedly failing to pay their windstorm policy out of their escrow account. Hurricane Katrina lawsuits are multiplying and it’s not just insurance companies that are defendants. Oil companies, mortgage brokers, a shipping firm …
Insurers unlikely to alter credit scoring as agencies pursue uniformity The decision by the three major consumer credit reporting agencies to create a more uniform credit scoring system is not expected to have a major impact on insurers’ use of …
An estimated 500,000 cars were damaged by hurricanes last year. Unfortunately, many of these vehicles have been purchased by dishonest auto dealers, cleaned up and then sold, with their flood damage history illegally hidden, according to the Insurance Information Institute. …
