Claims Magazine - The state report from Claims Magazine for the month of December 2004 featuring the states of California, Indiana, and Texas.
Monday, December 13, 2004
Claims Magazine - The national report from Claims Magazine for the month of December 2004.
Friday, December 10, 2004
National Association Of Mutual Insurance Companies - The Utah Supreme Court has upheld the consitutionality of liability caps for noneconomic damages where a plaintiff challenged the legality of the cap when his $1,250,000 award was reduced to $250,000.
Friday, December 03, 2004
Insurance Journal - A new study by the IRC shows that the amount of losses for auto injuries incurred in the nation’s no-fault states are vastly different in the last few years.
Wednesday, December 01, 2004
Claims Magazine - Call center numbers and agent positions in the United States are projected to decrease, according to research by Datamonitor, an independent market analysis firm. The report, The Vertical Guide to Contact Centers in North America to 2008, predicts that Canada will be the major benefactor of Americas loss. Currently, the United States is home to 2.86 million agents in 50,600 call centers. By 2008, Datamonitor expects this figure to shrink to 2.72 million agents spread throughout 47,500 call centers.
Monday, November 01, 2004
Claims Magazine - Two days of severe weather in the Denver area left insurers with a bill for $146.5 million, making the event Colorados fourth most costly insurance catastrophe on record, according to the Rocky Mountain Insurance Information Association. From June 8 to 9, golf-ball and baseball-sized hail battered the Front Range. The hail and high winds damaged cars and homes, while heavy rain and hail flooded streets and basements. The foul weather culminated with a tornado the night of June 9. By mid-June insurers had received 48,000 claims, including 27,393 auto claims and 20,483 homeowner claims. Auto damage is responsible for a majority of the claims, because the hailstorm hit during rush hour, RMIIA noted. “We had a lot of dimpled cars and we also had losses from hail going through the windows,” said Carole Walker, the associations executive director. “There were a lot of car dealerships that were hit.
Thursday, July 29, 2004
Property Casualty Insurers Association of America - WASHINGTON - The House yesterday approved medical liability reform legislation (H.R. 4280) as part of a package of health care related bills designed to help the economy. The measure is part of the Republicans’ “Careers for a 21st Century America” agenda which includes a three point plan to boost access to health care for employees and lower health care costs for businesses. This is the second time during the current session of Congress that the House has passed such legislation. “The Property Casualty Insurers Association of America (PCI) commends House leaders for continuing to make medical liability reform a priority issue. Congressional action is urgently needed to help put a stop to frivolous lawsuits and establish reasonable limits on unwarranted abusive awards against health care professionals,” said Carl Parks, PCI’s senior vice president for federal government relations.
Friday, May 14, 2004
Insurance Journal - The Oklahoma House of Representatives, concluding what has reportedly been a grueling three weeks of public policy debate, passed a workers¡¯ compensation reform bill designed to keep a lid on costs. According to the House media services division, looming term limits prompted legislators to tackle a number of controversial high profile issues during the six-week old session. Because of a constitutional amendment adopted in 1990 by Oklahoma voters, 28 Representatives and 13 Senators must retire from the Oklahoma Legislature after the general election in November.
Friday, March 12, 2004
Insurance Journal - The Vermont House this week gave preliminary approval to a series of measures designed to lower workers‘ compensation insurance premiums. The 101-39 vote came after critics of the bill complained that it would hurt some workers more than it would help any businesses. Backers called the measure a sign of modest progress toward making Vermont more business-friendly. "It may be a small step, but it is a positive step for the state of Vermont," Labor and Industry Commissioner Michael Bertrand, the Douglas administration‘s point man on the issue, said after the House vote. The vote to advance the bill also came after the Republicans who control the House beat back three attempts by Democrats and Progressives to amend the bill to remove some of what they saw as its more onerous provisions.
Sunday, February 29, 2004
National Association of Mutual Insurance Companies - Seeking to avert a political stalemate that could derail efforts to reform California’s broken workers’ compensation system, State Insurance Commissioner John Garamendi today unveiled his comprehensive legislative package to address the system’s serious problems. The plan, which focuses on eliminating the “culture of distrust” between employers and injured workers, was presented today at a press conference at the Science Center Elementary School in Los Angeles. Commissioner Garamendi proposes that his plan serve as a bridge to span the gap between labor and business on the issue. “This proposal can eliminate the gridlock that threatens to stall meaningful reform to address California’s broken workers’ compensation system,” said Commissioner Garamendi. “We cannot afford to stand by while an impending political train wreck bears down on California’s employers and injured workers.
Thursday, February 12, 2004