News

An Illinois law that set caps on medical malpractice awards for "pain and suffering" has been ruled unconstitutional by the state's high court, which found legislators had overreached in attempting to restrict the judicial process.

A New York independent agent's association said last week that it plans to make good on a prior threat to file a lawsuit to block Empire State regulators from implementing new producer disclosure compensation rules.

In light of the recall of virtually millions of vehicles, Toyota executives find themselves in a nightmare, and the ramifications are not yet clear. Historically, recalls of this magnitude will continue to be far-reaching.

Insurers confronted their lousy reputation head on at a recent conference, and NU Editor Sam Friedman was there as a panelist, coming away impressed with attendee eagerness to fight back. See Sam's blog at www.NUSamSoapBox.com.

Toyota's massive recall has been compared to the Tylenol product recall of 1982--the public relations "gold standard," but is this really the case, wondered Caroline McDonald. Read about it at www.NoRiskZone.com.

Negotiations have broken down over a bipartisan financial services reform package in the Senate, leaving Democrats to unveil their own proposal by the end of the month, Sen. Chris Dodd, D-Conn., said today.

When Gayland Anthony Oliver suffered a structure fire to his Greensboro, N.C., home in May 2009, he is alleged to have used the opportunity to pad his claim with some pretty fancy duds.

The Independent Insurance Agents and Brokers of New York said its negotiations with the New York State Insurance Department have resulted in some revisions to a proposed producer compensation disclosure rule.