January 2008

     The Associated Press reports that Hawaii will receive a portion of a $6 million settlement against Travelers Co., Inc, to settle a suit filed in Florida, alleging Travelers conspired with brokers to submit fake bids for coverage even though the brokers had already determined which insurer would provide coverage for a policyholder.  Travelers …

While not exactly an insurance coverage case per se, the Intermediate Court of Appeals just came out with a new decision on jury instructions in a criminal insurance fraud case.  See State v. Watanabe, No. 26777 (December 31, 2007).  In short, an individual damaged his own car and attempted to file a vandalism…

     While not exactly an insurance coverage case per se, the Intermediate Court of Appeals just came out with a new decision on jury instructions in a criminal insurance fraud case.  See State v. Watanabe, No. 26777 (December 31, 2007).  In short, an individual damaged his own car and attempted to file a…

     Reuters reports today that the cost of reinsurance has fallen due to another relatively disaster-free year.  Rates for property catastrophe reinsurance, which typically cover hurricanes and earthquakes, are down 9 percent.  The U.S. subprime mortgage market crises has not impacted reinsurers.

     The lack of natural disasters have allowed reinsurers to obtain

…