The letter to Rep. Richard Baker, R-La., chairman of the Capital Markets Committee of the House Financial Services Committee, varies from the line taken by the Bush administration during drawn-out tal
WASHINGTON--Four companies in Mississippi and seven in Texas X-rayed citizens in their states for potential silicosis without being licensed to do so, according to witnesses appearing before a House su
Sen. Arlen Specter has scheduled a hearing for June 7 on his newly revised legislation aimed at limiting asbestos injury litigation by creating a special $140 million trust fund for claimants--nearly
Lawyers are hopeful that last week's decision by the U.S. Supreme Court to review an Oregon punitive damage award will help reduce even further the soaring cost of civil litigation to insurers. The
Sen. Lott has been at odds with the industry since Hurricane Katrina, which heavily damaged his home and saw him clash with his carrier over the claim. He filed suit against his insurer, State Farm,
Industry officials, congressional staffers and lobbyists say Republicans lack the votes for full repeal. Sens. John Kyl, R-Ariz., and Max Baucus, D-Mont., the most senior Democrat on the Senate
WASHINGTON--Insurance company attorneys said they are hopeful that the U.S. Supreme Court decision to review an Oregon punitive damage award will end with a decision that cuts carriers' soaring litigat
The bill was introduced May 25 by Sens. Bill Nelson, D-Fla., and Mary Landrieu, D-La., and won the praise of the co-chairs of ProtectingAmerica.org, a group formed to promote federal-state backstops f
Introducing the bill Thursday, Sen. Richard Shelby, R-Ala., chairman of the Senate Banking Committee, said, "The goal...is to strengthen the [flood insurance] program by eliminating subsidies on