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Tuesday, June 04, 2013

CT Bill Protects Against Dropped Coverage After Loss From Catastrophe

CT insurance billA bill awaiting Gov. Dannel P. Malloy's signature would make it illegal for home insurers to decline or cancel coverage -- or refuse to renew a policy -- based solely on losses from a tropical storm or other catastrophe.

Malloy supports the bill, as does the Insurance Department, which regulate...

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Insurance Council of Texas: Recent Hail Damage in Amarillo to Top $100 Million

Texas hailstormA May 28 hailstorm packing strong winds, rain and golf ball- to apple-size hail pummeled Amarillo, Texas, easily causing insured damages in excess of $100 million, according to the Insurance Council of Texas.

Only days after the storm, 10,000 homeowners claims and almost 15,000 auto claims had been ...

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Report Cites Large Release of Sewage from Hurricane Sandy

Hurricane Sandy and sewageOver 10 billion gallons of raw and partly treated sewage gushed into waterways and bubbled up onto streets and into homes as a result of Hurricane Sandy - enough to cover Central Park in a 41-foot-high pile of sludge, a nonprofit research group said in a report released on Tuesday.

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OSHA Reinstates ERA Whistleblower and Issues Daunting Preliminary Order

Whistleblower cases

On May 15, 2013, OSHA determined that Enercon Services Inc. (Company), an engineering firm that provides nuclear power facilities with engineering support services, violated the whistleblower provisions of the Energy Reorganization Act (ERA). OSHA Regional News Release, 13-822-KAN (May 20,...

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Gun Insurance Sales Go Up

Gun insuranceLatest figures show proposed state and federal laws are having an effect on the gun insurance market. "Me New Markets" insurance journal just announced that people are beginning to add gun insurance to their insurance policy packages more than ever before, and the trend is observed across the nation.<...

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AIA Weighs In on FSOC Designation of Nonbank Firms as Systemically Important

AIAJ. Stephen (Stef) Zielezienski, senior vice president and general counsel for the American Insurance Association (AIA), issued a statement in response to the Federal Stability Oversight Council's (the Council) designation of "an initial set" of nonbank financial firms as "systemically important financia...

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