Litigation

The New York State Insurance Department (NYSID) has distributed an advance copy of a draft circular letter on its planned producer compensation disclosure rule to agent groups but excluded

Regulators' interest in insurers' use of credit-based insurance scores produced lively reaction from insurance association representatives and a consumer advocate during a committee meeting on property and casualty insurance issues.

BP's claims team is in the final stages of preparing to transfer responsibility for individual and business claims related to the oil spill in the Gulf of Mexico to the Gulf Coast Claims Facility (GCCF).

Pennsylvania court cases ruling that subcontractors' faulty work should be excluded from commercial general liability (CGL) policies has caused a coverage gap for insureds and confusion for agents selling the policies, a state agent association said.

Crawford & Company has confirmed that it has been retained to administer claims stemming from the Gulf oil spill.

The use of social media by surplus lines insurers and agents to promote business is advertising, a legal expert explains in a National Underwriter special feature this week.

Despite the casual nature of social media sites such as Facebook and LinkedIn, the use of social media is subject to state insurance laws that govern advertising and unfair trade practices.

A proposed New York producer compensation regulation complies with the law and is necessary to inform consumers about possible conflicts of interest, the state's attorney general said in a court filing.