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- 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
- 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
- For The Record.(insurance industry news briefs)(Statistical Data Included)
- Grocery chain hit with $30 million award A San Diego jury has awarded $30 million in punitive damages to six current and former female employees of an Escondido, Calif., Ralph's Grocery Co. store in a sexual harassment case. In 1998, a jury had or...
- Research articles 2002-04-15
- Updates.(multiple legal briefs concerning the insurance industry)(Statistical Data Included)
- N.Y. sovereign immunity bars punitive awards A federal court judge in New York set aside a $1 million punitive damages award against New York City in a sexual harassment case, ruling that despite New York City's human rights law, the city still has N.Y....
- Research articles 2001-07-02
- House vote possible this week; Insurers still await action by Congress.(terrorism insurance)(Brief Article)
- WASHINGTON-Insurers remain optimistic that Congress will pass some sort of terrorism insurance bill before the end of the year. Their hopes got a boost only days before Thanksgiving, when House Majority leader Dick Armey, R-Texas, and Financial Ser WASHINGTON-Insurers remain optimistic that Congress will...
- Research articles 2001-11-26
- Tort reform puts senate on hot seat.(Editorial)
- It will be a shame if the U.S. Senate caves in to trial lawyers by watering down long overdue legislation that would impose some reasonable restraints and predictability on outrageous jury verdicts. Sadly, that is what the Senate seems poised to do. WhIt will be a shame...
- Research articles 1995-04-17
- State Farm Hit With Punitive Damage Award.(Brief Article)(Statistical Data Included)
- Just days after an Illinois jury hit State Farm Mutual Insurance Company with $456.1 million in compensatory damages over the use of generic auto parts in repairs, a Williamson County Circuit Court judge in Illinois nailed the insurer with an additio Just days after an Illinois...
- Research articles 1999-10-18
- After Campbell, drop in punitive damages ratio seen.(Feature)
- Byline: Roberto Ceniceros An 18-month-old U.S. Supreme Court decision is helping insurers defend against lawsuits and appears to be contributing to a decline in the size of punitive damage awards. Since the high court's April 2003 decision in St Byline: Roberto...
- Research articles 2004-11-15
- DISPUTE OVER PLAN INFORMATION BRINGS LABOR TROUBLE AT ABC.
- NEW YORK -- A proposed change in health benefits has erupted into a nasty battle between ABC Inc. and a union. The National Assn. of Broadcast Employees & Technicians charges that ABC is trying to get NABET-represented employees to choose from NEW YORK...
- Research articles 1998-11-09
- 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
- Punitive damages limits at issue in high court case.(News)(US Supreme Court to hear case involving punitive damages case against State Farm Mutual Automobile Insurance Co. )
- Byline: MARK A. HOFMANN WASHINGTON-The Supreme Court has another opportunity to clarify how much is too much where punitive damages are concerned when it hears oral arguments this week in a case dealing with insurance claims-handling practices. Byline: MARK A....
- Research articles 2002-12-09
- IBM TO INCREASE NUMBER OF WORKERS ALLOWED TO CHOOSE PENSION PLAN.
- ARMONK, N.Y. -- Under intense employee and political pressure, IBM Corp. last week said it will more than double the number of workers who can stay in its traditional pension plan or move into the company's new cash balance pension plan. About 65...
- Research articles 1999-09-20
- Lloyd's, CIGNA continue to garner attention. (Lloyd's of London; CIGNA Corp.)(Year in Review 1996)
- Top risk management stories of 1996 may elicit feelings of 'deja vu' Risk managers can be forgiven if they feel a certain sense of deja vu when recalling the top events of 1996. In fact, the two top stories of the year feature the same players...
- Research articles 1996-12-23
- 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
- The Impact of Punitive Damages on Insurers
- Where market conditions will allow for it, most U.S. insurers have begun adding punitive damage exclusions. For example, homeowner's policies exclude from coverage "'bodily injury' or 'property damage' which is expected or intended by an insured." Auto policies exclude coverage for any insured "who intentionally causes 'bodily injury' or 'property...
- White papers
- 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
Additional Resources
- 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
- Why pay $50,000 when you could pay $145 million?
- Avoiding Punitive Damage Claims In October 2001, the Utah Supreme Court upheld a judgment for $145 million in punitive damages against State Farm Mutual Automobile Insurance Company. The judgment was granted in favor of State Farm's insureds, the Campbells. State Farm might have avoided that liability by paying $50,000....
- Research articles 2002-10-01
- New Reality: Less For More
- Insurers are introducing new policy language that guts many D&O protections and could cost companies millions. Many insurers are demanding that clients agree to co-insurance, which requires the company to pay a portion (usually 10 to 20 percent) of the entire cost of the claim. Looking at having customers share...
- White papers 2002-04-01
- D&O Insurers Offer Less for More
- The real driver of premiums is the rise in sky-high securities class-action settlements. Insurers are introducing new policy language that guts many D&O protections and could cost companies millions. Many insurers are demanding that clients agree to co-insurance, which requires the company to pay a portion of the entire cost...
- White papers 2002-04-01
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