Although the road to rescission of an insurance policy can be covered with obstacles and potholes, usually a failed rescission claim will only bring the insurer back to square one. It will still have defenses under the policy and under …
The New Jersey Supreme Court has set an easier standard of proof for an insurance company suing an insured for fraud than a lower court had required. Instead of proving fraud by “clear and convincing evidence,” an insurer suing under …
The northeast U.S. coast is “long overdue” and could be the target of a serious hurricane, perhaps as early as this season, according to forecasters. Weather experts at the AccuWeather.com Hurricane Center say this year could bring the Northeast a …
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 the damage award homebuilders must pay for faulty work …
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 …
Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report in July 2004, questioning the transparency of environmental …
Lockton Companies, Inc., the Kansas City, Mo.-based privately owned insurance broker, has opened a New York retail office, vowing to target complex middle-market clients and take a focused approach towards the Fortune 1000 and selected industries. Since the first of …
A new report uncovers the wider tragedy of fatal car crashes involving teen drivers and is putting new impetus behind state efforts to limit passengers in teenagers’ cars. Over the past decade, nearly two out of three victims in fatal …
Independent agents for Zurich Insurance are being asked to pay for the sins of company executives and large brokers accused of price fixing, account steering and misuse of finite reinsurance. Even though Main Street independent agents had nothing to do …
U.S. Senator Olympia J. Snowe (R-Maine), chair of the Senate Committee on Small Business and Entrepreneurship, has introduced the “Small Business Health Insurance Relief Act of 2006,” (S. 2457) legislation that seeks to provide incentives for small businesses to offer …
