AMERICAN INSURANCE ASSOCIATION: H.B. 1657 INCREASE LITIGATION & CONSTRUCTION COSTS
April 17, 2009 by Be Safe Insure
Filed under Insurance Companies, Insurance Regulation
AMERICAN INSURANCE ASSOCIATION on workers’ compensation insurance: H.B. 1657 WILL INCREASE LITIGATION AND CONSTRUCTION COSTS WASHINGTON, DC, April 16, 2009 – The American Insurance Association (AIA) today expressed its strong opposition to H.B. 1657 which seeks to overturn a recent unanimous decision by the Texas Supreme Court. In 2008, the Texas Supreme Court held in [...]
Insurance Companies to Disclose Climate Change Risk
March 18, 2009 by Be Safe Insure
Filed under Car - Truck, Earthquake Insurance, Fire Insurance, Flood Insurance, hurricane insurance, Insurance Regulation
US insurance regulating body, National Association of Insurance Commissioners (NAIC), now demands insurance companies to disclose how climate change will affect them. NAIC is aware of the huge risk that environment change entails, however it lacks information of how the insurance industry is planning to respond. Concerns are the availability and affordability of insurance policies [...]
