Reuters reports that a battle is forming in the Senate regarding legislation to reform federal flood insurance. Congress established the flood program in 1968 to provide flood insurance that private companies refused to offer.
The Senate Banking Committee voted unanimously in October to reform the program, but refused to follow the
Having experienced an earthquake of 6.8 magnitude in October 2006, resulting in extensive property damage, many Big Island homeowners would appreciate a policy offering coverage for loss due to earthquake. Earthquake coverage is hard to come by, however, and when it is available, it is expensive.
I recently reviewed an all
In Sentinel Insurance Company, Ltd. v. First Ins. Co. of Hawaii, Ltd., 76 Haw. 277, 875 P.2d 894 (Haw. 1994), the Hawaii Supreme Court addressed equitable apportionment of liability among two insurers who provided coverage at various times over a number of years during which property damage occurred. In Sentinel, the
Reuters reports that Florida insurance regulators have suspended Allstate from writing auto policies because of its failure to cooperate with an investigation regarding the company’s property insurance policies. Allstate was scheduled to testify for two days before regulators regarding a proposed rate increase of 41% for property insurance. The hearing was cancelled after
The Honolulu Star Bulletin reports Hawaii Medical Service Association (“HMSA”) will increase its rates for large-employer groups of 100 or more employees by 9.2 percent, the steepest increase since 2002 when the rates were raised 12.9 percent. HMSA, the state’s largest health insurers, says although hospital admissions are not increasing, medical payments to
We recently reported on Florida’s investigation of Allstate’s charging increased premiums. Today’s Times Picayune reports Allstate is also in hot water with Louisiana regulators.
Policyholders have filed recent complaints with the Louisiana Department of Insurance because Allstate has been encouraging homeowners to re-write their policies with cheaper premiums but without hurricane
The Fifth Circuit Court of Appeals recently considered whether an insurer must cover a subcontractor’s contractual obligation to indemnify the contractor for the contractor’s negligence. XL Specialty Ins. Co. v. Kiewit Offshore Services, Ltd., No. 06-41785 (5th Cir. Jan. 2, 2008). The subcontractor’s employee was killed at a job site explosion
The New York Times reported on Sunday on profession liability policies available to CIA employees through Wright and Company. The polices are becoming increasingly important while the investigation of the destruction of the interrogation videotapes heats up.
The standard policy costs $300 annually, with the government typically paying half the premiums
Last week, we reported the Florida Insurance Commissioner had suspended Allstate from writing new policies after it failed to comply with the Commissioners’ subpoena regarding Allstate’s steep increase in property insurance premiums. Reuters reports that on Friday, the Florida Court of Appeal stayed the Commissioner’s order for ten days, allowing Allstate’s 1,100 Florida
The California Court of Appeal issued a decision this week analyzing the applicability of the Efficient Proximate Cause Doctrine in denying coverage under a homeowners policy. De Bruyn v. The Superior Court, B198622, Court of Appeal of the State of California, Second Appellate District.
California has codified the Efficient Proximate