insurers News

Florida Hurricane Fund Chief Warns State in Danger

Florida’s hurricane fund chief is warning that the state-created fund used to help insurers pay off claims after a big storm is in danger. The state has relied on a hurricane fund ever since Hurricane Andrew devastated South Florida nearly …

Cross-Border Claims Frustrate Auto Carriers

Staged automobile accidents in Canada’s most populated province of Ontario pose a unique problem for American auto insurers that must deal with Ontario’s stringent no-fault benefits. Some U.S.-based adjusters may be unfamiliar with the Canadian insurance system and not understand …

Virginia Court Sides with Insurer in Global Warming Case

The Virginia Supreme Court has ruled in favor of an insurance company in a case that legal experts say is the first in the nation on whether insurers may be liable for claims arising from global warming. The court unanimously …

Delaware Judge Orders Insurers to Pay in Diocese Bankruptcy

A Delaware bankruptcy judge on Friday ordered insurance companies to pay their share of a settlement with priest sex abuse victims that is the foundation of the Catholic Diocese of Wilmington’s reorganization plan, and he angrily turned aside the insurers’ …

Insurers in Delaware Diocese Bankruptcy Balk at $15M Payout

A dispute over insurance payments is threatening to blow up the Catholic Diocese of Wilmington’s bankruptcy reorganization plan. Under the plan, the diocese, its parishes and affiliated entities would be released from legal claims related to priest sex abuse in …

Calif. Court Denies Appeal of Closely-Watched Workers’ Comp Case

The California Supreme Court has rejected an appeal of a case many workers’ compensation insurers and businesses were hoping would be reversed. Yesterday, the Supreme Court announced that it was not going to review the decision of the Fifth District …

First Responder Fees – An Increasing Trend Borne By Insurance Companies

While fee recovery by fire departments is nothing new, an increasing number of local municipalities have begun to charge for first responder, primarily fire department, services. Though the types of fees and rates vary considerably, one thing is clear – …

P/C Insurers Still Saddled with Asbestos Reserve Challenges

Asbestos-related diseases have been falling for a decade, but warnings from a pair of U.S. insurance giants about new claims raise questions about the industry’s ability to put the scourge behind it. While medical evidence suggests fewer new cases of …

Tropical Storm Don Forms Over Gulf of Mexico

Tropical Storm Don, the first major Gulf of Mexico storm this year, formed over the southern part of the oil-rich basin on Wednesday on a track toward the Texas coast. The storm forced several offshore energy operators to evacuate support …

New Hawaii Law Seeks to Restore Coverage for Construction Defect Claims

Hawaii Gov. Neil Abercrombie has signed legislation its supporters hope will restore coverage for construction defect claims under a commercial general liability (CGL) policy that was called into question by a 2010 court ruling. However, an attorney specializing in insurance …