Yearly Archives: <span>2007</span>

Former N.M. insurance regulator pleads not guilty

Former New Mexico insurance regulator Joe Ruiz pleaded not guilty to federal corruption charges that arose from allegations he misused his office by soliciting payments from insurance companies in exchange for reducing regulatory fines. Ruiz declined comment after the federal …

Declarations

Plumped up payments “The partnership has, over time, relieved FEMA of the need to develop, hire, and train an in-house corps of sales agents, adjusters, and others to administer flood insurance.” — A report from the Government Accountability Office analyzing …

Catastrophes: The time to act is now

Two years have passed since America’s most shocking wake-up call regarding the devastation that follows the force and fury of Mother Nature. Since that time, a variety of legislative proposals have been offered at the state and national levels to …

Catastrophes: There is no free lunch

Since the devastating hurricane seasons of 2004 and 2005, some Florida politicians and a few insurers have claimed that the private insurance industry cannot pay for natural disaster losses without the support of a system of state and federal natural …

Oregon passes motor vehicle, P/C insurance-related bills

The 2007 Oregon Legislature has passed a number of bills relating to property/casualty insurance, including several dealing with motor vehicle liability insurance. SB 225 provides that when an injured person sues to recover damages arising from an auto accident, the …

Calif. high court rules discovery does not apply to reinsurance documents

The California Supreme Court has ruled that a statute authorizing limited discovery of a defendant’s insurance coverage does not include authorization to look into reinsurance agreements as part of facilitating a pretrial settlement. In Catholic Mutual Relief Society et al. …

Fraud Roundup

Everett man gets three years for arson A man who admitted torching a friend’s grocery store in Everett, Wash., in a plan by the two to collect insurance has been sentenced to three years in prison. Naveed Khan, 25, of …

Lawyers should not dismiss lawyers’ professional liability coverage

The perils facing employed lawyers have increased substantially in the past five years. Attorneys should know better than anyone about the perils that exist and the value of professional liability coverage. Yet there are a substantial number of in-house counsel …

The natural disaster dilemma

What to do about natural disasters? We can’t really prevent them, and while many people are skeptical about dire predictions regarding climate change as the probable cause of an increase in weather-related catastrophes, others are convinced that we are indeed …

Catastrophes: The time to act is now

Two years have passed since America’s most shocking wake-up call regarding the devastation that follows the force and fury of Mother Nature. Since that time, a variety of legislative proposals have been offered at the state and national levels to …