Resent articles by the "Liability & Insurance Week" from The Free Libraryhttp://www.thefreelibrary.comen-usFarlex, Inc.Thu, 17 Dec 2009 15:03:58 GMT360http://www.thefreelibrary.comhttp://www.thefreelibrary.com/_/static/TFLbyFarlex.gif17565Mon, 23 Feb 2004 00:00:00 http://www.thefreelibrary.com/WYOMING+BILL+WOULD+FORCE+REPORTING+WHEN+POLICIES+LAPSE.-a0115048910
A bill in the Wyoming Legislature would require insurers to report cancellations, non-renewals and issuance of auto liability policies within 10 days.

Insurers oppose the bill, SF0020, on grounds it would increase costs without achieving the desired goal of reducing the number of those driving without insurance. They say the added reporting requirements also might cause...]]>Mon, 23 Feb 2004 00:00:00 http://www.thefreelibrary.com/VIRGINIA+COMPROMISE+WOULD+HELP+COMMUNITY+HOSPITALS.-a0115048909
The Virginia Senate Courts of Justice Committee has approved a compromise proposal to ease the burden of malpractice insurance premiums on high-risk doctors and community hospitals.

The compromise was worked out by members of the Virginia Trial Lawyers Association and the Medical Society of Virginia, recent adversaries in the fight over tort reform.

Under the plan,...]]>Mon, 23 Feb 2004 00:00:00 http://www.thefreelibrary.com/TENNESSEE+REGULATOR+FILES+RICO+SUIT+OVER+INSURERS'+FAILURES.-a0115048908
Tennessee Insurance Commissioner Paula Flower has filed a federal lawsuit against Reciprocal of America and related companies, charging them with violating the federal Racketeer Influenced and Corrupt Organizations Act in connection with the failure of several malpractice liability insurers.

Flowers is liquidator for three malpractice risk retention groups domiciled in...]]>Mon, 23 Feb 2004 00:00:00 http://www.thefreelibrary.com/SOUTH+CAROLINA+BILL+WOULD+TAP+SECOND+INJURY+FUND.-a0115048907
The South Carolina House Ways and Means Committee has approved a budget provision that would appropriate $40 million from the Second Injury Fund for general revenues and eventually eliminate the fund altogether.

The measure would shut down the fund to new claims after July 1, after which the Department of Insurance would oversee the runoff of existing claims until...]]>Mon, 23 Feb 2004 00:00:00 http://www.thefreelibrary.com/PENNSYLVANIA+BILL+WOULD+HELP+GUARANTY+ASSOCIATIONS.-a0115048906
The Pennsylvania Senate has approved legislation that would help guaranty associations by ensuring that large commercial policyholders whose policies carry large deductibles remain responsible for those deductibles even after the insurer becomes insolvent.

The 47-2 vote in the Senate sends the measure, SB 215, to the Pennsylvania House.

Large commercial...]]>Mon, 23 Feb 2004 00:00:00 http://www.thefreelibrary.com/OKLAHOMA+COMMISSIONER+CHARGED+WITH+EMBEZZLEMENT.-a0115048905
Oklahoma Insurance Commissioner Carroll Fisher has been indicted on felony charges that include embezzling more than $40,000 from the Insurance Department's Continuing Education Fund.

Fisher and his administrative assistant, Opal Ellis, are accused of depositing money paid into the fund into his personal bank account. They then transferred it to a separate,...]]>