The attorneys general of New York and Connecticut have launched parallel investigations into certain fees being paid by insurance companies to insurance brokers with large corporate and government clients. At issue is whether there is anything improper being done when …
Engineering companies that worked on the massive Big Dig highway project filed suit against the Massachusetts Turnpike Authority, saying the agency isn’t providing them with enough liability insurance against lawsuits. The complaint, filed in Suffolk Superior Court, would require the …
A state trial court in Suffolk County in New York has required an insurance company to demonstrate that it was prejudiced by its policyholder’s untimely notice of claim before it could deny coverage on that basis. See St. Charles Hospital …
The newly-elected leader of the Independent Insurance Agents & Brokers of New York Inc. is promising to put the full weight of the trade association behind efforts to restore the state’s once-healthy insurance market. David R. Bauer, CIC/CPIA, who is …
The New York State Insurance Department’s proposed amendments to Regulation 83 would reportedly move the state’s no-fault auto reparations system toward more measured and reasonable cost control without sacrificing treatment for injured persons. “PCI specifically praises the proposal’s establishment of …
Gov. John G. Rowland’s wife was paid $15,000 last year by an insurance company that had received a $16 million state contract. W.R. Berkley Corp. of Greenwich paid Patricia Rowland a fee for a speech, along with round-trip air travel, …
New York Governor George E. Pataki and Senator Kemp Hannon have introduced a measure in the state Senate that would strengthen protections for patients and ensure that additional background checks for health professionals caring for these patients are completed and …
Congress needs to extend the Terrorism Risk Insurance Act (TRIA) in 2004 to avoid confusion and dislocation in the commercial insurance market, the American Insurance Association told a New York State Assembly hearing today. “There is strong consensus among state …
The insurance industry has rebounded after the September 11th terrorist attack on the World Trade Center – the largest loss in insurance history, according to the New York Insurance Association (NYIA). Addressing a public hearing before the New York State …
A Connecticut House bill designed to improve availability for medical liability insurance fails to provide meaningful tort reform, will not remove costs from the system, and could actually add costs for insurers and consumers, insurers claim. “This bill includes only …
