Regulation/Legislation

Experience teaches that underinsurance, lack of attention evoke E&O claims

To the people who cover Washington, we call it chronicling situational immorality. Not since Bush v. Gore have we seen madness that could compare to this weeks Supreme Court debate over the constitutionality of the healthcare reform law.

March 22, 2012 marked nine years to the day when Alice Ross, a 71-year-old grandmother, was killed in a no-fault auto insurance fraud scheme, and the day when the New York State Senate passed three bills aimed at stemming the multimillion-dollar stage-and-fraud crime trend.

Sixteen state insurance agencies failed a national state-evaluation test, but Mississippi came out on top of the 50-state review.

Improved building standards spared Mexico more damage and deaths from this weeks magnitude 7.4 earthquakeand U.S. builders can take a lesson from this event, one insurance association says.

American International Group Inc.s remaining debt to the U.S. government is about $45 billion after paying an additional $1.5 billion to the U.S. Treasury Department, the company says.