Insurance Journal
May 5, 2008 Issue
National Articles from May 5, 2008
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Risk Retention Groups Could Add Property Coverage Under Bill in Congress
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Match-making: What Retail Agents Want From Wholesalers and MGAs
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A Soft Market Solution: MGAs and Risk Sharing
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Carrier Stock Prices on the Rocks Thus Far in 2008 But M&As Robust
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Beware! It’s Open Season on ERISA Fiduciaries
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Analysts See Increase in P/C Mergers Ahead; Rate Climate Top Challenge
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Liberty Mutual to Acquire Safeco Insurance in $6.2 Billion Deal
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Industry Progressing With Real Time Technology and Downloads
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New Markets
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Safeco a ‘Good Fit,’ Says Liberty Mutual Agency Market’s Gregg
East Articles from May 5, 2008
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Declarations
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Business Moves
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General Contractors Not Liable For Inspections, Rules Conn. High Court
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It Figures
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Insurers to Build Natural Disaster Research Center
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Court Allows Conn. Landlady’s Suit Against Rogue Insurance Executive Frankel For House Damage
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N.Y. to Lower Reservoirs to Reduce Flood Risk for Delaware River Towns
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Medical Malpractice Suits on the Decline in Pennsylvania
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N.J. Approves Jobs, Education as Driver Rating Criteria
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Vermont Resort Owners Fight Class Action Over Investor Passes
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Travelers Personal Lines Consolidation Hits N.J., Mass., N.Y.
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Harry Potter Case Illustrates Blurry Line in Copyright Liability
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Mass. Cuts Workers’ Comp Rates By 1%
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Lake Champlain Residents Prepare for Worst as Water Rises
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Bush Vacation Town Weighs Protesters’ Insurance
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Passing Through
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People
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N.Y. Landlord Liable for Injury to Tenant’s Contractor Under ‘Strict Liability’
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N.Y. Car Repair Shops Can Rebate Deductibles
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Industry Douses Consumer Group Praise for Prior Approval of Auto Rates
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N.Y. City Wants U.S. To Pay 9/11 Health Care Costs
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Conn. Opens Teen Driving Center
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Maryland Delays Bills to Promote Teen Driving Safety Until 2009
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Established Mass. Auto Insurers Decry ‘Free Ride’ For Incoming Players
Midwest Articles from May 5, 2008
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Earthquake Raises Questions About Coverage, Construction Codes
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It Figures
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Declarations
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Supreme Court Weighs Insurer’s Conflict of Interest in Claim Denial
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Mich. Supreme Court Limits Time to Sue Insurers
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People
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Cereal Link to Salmonella Strain Probed in North Dakota, Other States
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Reversal in Decision for Pork Plant Workers Denied Workers’ Comp
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Insurers to Build Natural Disaster Research Center
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Consumer Federation Says Prior Approval Works, Industry Says Not True
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Prior Approval Study Off-base, Industry Says
Southeast Articles from May 5, 2008
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South Carolina Toughens Drunk Driving Law
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Declarations
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Florida Smokers Split $600 Million Tobacco Fund
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Passing Through
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It Figures
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Feds Issue Final Rules on Underground Mine Seals
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S.C. Workers’ Compensation Law Doesn’t Bar Invasion of Privacy Claim
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People
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For Atlanta Quarterback Redman, Football’s More Fun Than Insurance
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Democrats Accuse Sen. Martinez of Not Pushing Catastrophe Fund Bill
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Business Moves
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Georgia, Tennessee Lead in Insured Catastrophe Losses for 1st Quarter
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Hospital Settles 11 Lawsuits Against Former West Va. Doctor
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Georgia’s Insurance Chief Oxendine Wants to be Governor in 2010
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Property Insurers to Build Natural Disaster Research Center
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West Virginia Supreme Court Hears Flood Lawsuit Arguments
South Articles from May 5, 2008
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Oklahoma AG, Concentra Settle Workers’ Comp Billing Practices Dispute
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People
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Okla. High Court Says Primary Employer Responsible for Comp Coverage
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Louisiana Commissioner Continues Push for Market-based Reforms
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Louisiana Senate OKs Bill to Extend Insurance Incentive Program
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Consumer Federation Says Prior Approval Works, Industry Says Not True
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It Figures
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Supreme Court Won’t Hear Exxon Appeal of Louisiana Damages Award
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CFA Study Off-base, Industry Says
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Contractors and Certificates of Liability Insurance
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Disasters May Drive up Insurance Rates in Oklahoma, Commissioner Says
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Declarations
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The Saga Continues as Texas Supreme Court Explores Insurance Law
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New Louisiana Legislature Doing Homework on Insurance, Lobbyist Says
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Insurers to Build Natural Disaster Research Center
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Day Care Liability Measure Signed in Oklahoma
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Time to Expand Risk Retention Law to Property
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Insurance Sector Ranks Second in Federal Political Giving
West Articles from May 5, 2008
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Insurance Sector Ranks Second in Federal Political Giving
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California Earthquake: Damage Predictions of ‘Big One’ Get Bigger
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Declarations
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On Shaky Ground
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Auto Exempted From Colorado Fair Accountable Insurance Rates Act
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Car Crash Deaths Increase Starting at Age 12, Study Finds
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Survey: Majority of October’s California Wildfire Claims Settled
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Mutuals and Stocks Behave Differently in Insurance Cycles
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Time to Expand Risk Retention Law to Property
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People
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Court Denies Allstate’s Request to Avoid Rate Decrease
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Earthquakes Raise Questions of Future Shocks, Public Readiness
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Colorado Motorcycle Fatalities Reach Record High
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California Aims to Improve Insurance Rate Approval Process
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Consumer Federation Says Prior Approval Works, Industry Says Not True
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Defining ‘Professional Services’ For Specialty Policies Not Always Easy
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Business Moves
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Earthquakes Shake Reno, Bigger Quake Could be Coming
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National Insurance Crime Bureau: West Has Highest Vehicle Theft Rates
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It Figures
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