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- Utah ruling turns juries into regulators, insurers contend. (Late Breaking News).(United States Supreme Court hears case of $145 mn punitive damage award against State Farm)(Legal Beat)(Brief Article)
- State regulation of insurance would be effectively undermined if a $145 million punitive damage award against State Farm is allowed to stand, four major property-casualty trade associations told the United States Supreme Court. In a brief filed wi State regulation of insurance would...
- Research articles 2002-08-26
- Updates.(Brief Article)
- NCCI forecasts worsening workers comp combined ratios ORLANDO, Fla. -- Workers compensation insurers are facing "a pattern of accelerating deterioration" as two key combined ratios are both expected to increase several percentage points t NCCI forecasts worsening workers comp combined ratios ...
- Research articles 2000-05-01
- Updates.(Statistical Data Included)
- Wisconsin appeals court overturns pollution rulings MILWAUKEE-The Wisconsin Court of Appeals last Wednesday overturned a $100 million punitive damages award against Wisconsin Electric Power Co. for its role in dumping toxic waste. In addition Wisconsin appeals court ...
- Research articles 2001-09-10
- Late News; ExxonMobil to appeal revised punitive award.
- ExxonMobil Corp. will appeal a federal judge's decision to increase punitive damages levied against the oil company in connection with the 1989 Exxon Valdez oil spill off Alaska. U.S. District Court Judge H. Russel Holland increased a punitive damage ExxonMobil Corp. will appeal a federal judge's...
- Research articles 2004-02-02
- Punishment For Who?
- Directly or indirectly, insurers find themselves paying the bill for punitive damages. One could argue that the insurance industry lost its federal terrorism backstop over punitive damages. In the wake of the December terrorism setback, it is appropriate to assess how important control of punitive damages is to insurers. In...
- White papers 2002-04-01
- Caveat Reinsurer: Reinsuring Punitive Damages Under Eco Clauses
- This paper gives details on reinsurance. When an insurance company finds itself on the wrong side of a bad faith case, a judgment awarding punitive damages often results. The insurance company must pay the judgment out of its own funds unless it has insured itself, through reinsurance programs or other...
- White papers 2001-11-13
- Supreme Court Tackles Key Insurance Issues.
- Five cases now pending before the U.S. Supreme Court could have a significant impact on insurers and employers. The cases, which will be decided during the court's 2000-2001 term, involve punitive damages, preemption of state laws by the Employee Five cases now...
- Research articles 2000-10-23
- Legal Briefs: Public policy doesn't preclude coverage of punitives.(discusses law suits in Washington and Texas related to insurance)
- In a case of first impression in the state, the Supreme Court of Washington ruled that liability coverage in a commercial general liability insurance policy for malicious prosecution and punitive damages did not violate Washington public policy. T In a case of first...
- Research articles 2002-02-25
- State to review awards. (California Supreme Court's review of an insurance bad faith case)
- Punitive award at issue in bad faith case SAN FRANCISCO - California courts may receive some long-awaited guidance on punitive damages when the state Supreme Court reviews an insurance bad faith case. The eventual decision in West American Insurance CPunitive award at issue in bad faith...
- Research articles 1996-01-29
Additional Resources
- Supreme Court hears punitive damage dispute.
- WASHINGTON - Insurance and business groups are again keeping their fingers crossed hoping the U.S. Supreme Court will finally define the Constitutional scope of punitive damage awards. The high court last week heard oral arguments for die seventh time WASHINGTON - Insurance and business groups are again...
- Research articles 1995-10-16
- High Court Sets Standard for How Punitive-Damage Awards Should Be Handled.
- By James P. Miller, Chicago Tribune Knight Ridder/Tribune Business News Apr. 8--In a decision that promises to benefit major corporations, the U.S. Supreme Court on Monday overturned as excessive a $145 million punitive-damage award and established the clearest standard yet for how...
- Research articles 2003-04-08
- The U.S. Supreme Court and punitive damages: on the road to reform: after years of developing its jurisprudence, the Supreme Court in State Farm signals that the days of runaway, irrational punitive damages may be ending.(State Farm Mutual Automobile Insu
- LAST APRIL, the U.S. Supreme Court issued what may be the most important punitive damage ruling ever to come from that Court--State Farm Mutual Automobile Insurance Co. v. Campbell. (1) First, the Court set a single-digit multiplier as the ordinary constitutional limit for the permissible ratio...
- Research articles 2003-10-01
- Insurer Groups Hail Punitive Damages Ruling.(Cooper Industries vs. Leatherman Tool Group)(Brief Article)(Statistical Data Included)
- Insurance and business groups are applauding a decision by the U.S. Supreme Court last week that could serve to limit large punitive damage awards. The decision in the case of Cooper Industries v. Leatherman Tool says that federal appeals courts s Insurance and...
- Research articles 2001-05-21
- Supreme Court vacates $290m punitive award. (Washington Beat).(Ford Motor Co. v. Romo)
- Insurance and business groups are lauding a decision by the U.S. Supreme Court to vacate a $290 million product liability punitive damage award. In the case of Ford Motor Co. v. Romo, the high court ordered the Supreme Court of California to recon ...
- Research articles 2003-05-26
- Insurers Applaud Supreme Court Ruling On Punitive Damages.(Cooper Industries vs. Leatherman Tool ruling)(Brief Article)
- Insurance and business groups are applauding a decision by the United States Supreme Court that could serve to limit large punitive damage awards. Insurance and business groups are applauding a decision by the United States Supreme Court that could serve to limit large punitive...
- Research articles 2001-05-21
- State Commerce Department reverses punitive damage exclusion position.(Tennessee)
- A Tennessee regulation that disallowed exclusions for punitive damages in most property casualty insurance policy forms has been reversed 15 years after its enactment. The Tennessee Department of Commerce and Insurance recently issued a bulletin outl A Tennessee regulation that disallowed exclusions for punitive damages...
- Research articles 2004-11-01
- State Farm Attacks Verdict -- and Jurors in Utah Trial.(Originated from The Salt Lake Tribune)
- Jan. 13--Hit with one of the largest punitive-damage awards in Utah history, State Farm Mutual Automobile Insurance Co. now has shifted its attack to the Salt Lake City jury that reached the $145 million-plus verdict. Jan. 13--Hit with one of the...
- Research articles 1997-01-13
- Are Punitive Damage Awards Recoverable Under Reinsurance Agreements
- This article is on damages recoverable in reinsurance agreements. Nothing strikes fear in the hearts of the insurance industry more than an allegation of bad faith coupled with a demand for punitive damages. But what happens when an insured's bad faith claim against its carrier is successful and the court...
- White papers 2000-06-01
- Judge dismisses $16.5 million punitive damage award against Aetna
- HARTFORD, Conn.--BUSINESS WIRE--July 3, 1996--Ruling that "no reasonable jury could find that there was clear and convincing evidence that Aetna's conduct was outrageous," an Alaska federal judge has dismissed a $16.5 million punitive damages judgement against Aetna Life insurance Company.
- Research articles 1996-07-03
- Insurers beware: juries are being turned into national insurance regulators. (Another Perspective).(discusses several current cases to make the point)(Brief Article)(Editorial)(Industry Overview)
- Trial by jury is an ideal that's as American as apple pie. However, a disturbing trend has emerged related to the role that juries play in deciding punitive damage awards--a trend that carries serious implications for insurers, and for our nation's regulatory and legal systems in...
- Research articles 2002-09-30
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