The Liability Insurance Crisis: Hearings Before the Subcommittee on Investigations and Oversight of the Committee on Public Works and Transportation, House of Representatives, Ninety-ninth Congress, Second Session, January 21, and 22, 1986 |
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A.M. Best actuaries American ance Association auto availability awards BEER billion BURKERT cancellation casualty Chairman changes civil justice claims cleanup combined ratio commercial Commission committee Congress consumers contractors cost courts cycle DAMEO dollar environmental exposure filed FOLEY FOUDREE GINGRICH going GRADISON HANNEMAN hazardous waste HUNTER industry's Insurance Commissioners insurance companies insurance coverage insurance crisis insurance industry insurance market Insurance Services Office investment income issue JOHN ROWLAND legislation liability insurance limits litigation Lloyd's Lloyd's of London look MAISONPIERRE malpractice Maryland McCarran-Ferguson Act medical malpractice ment motor carrier MUHL NAIC National OBERSTAR operating percent policyholders pollution premiums written problem profit property/casualty question rates recent regulatory reinsurance response result risk self-insurance strict liability Subcommittee SUNDQUIST Superfund surance testimony Thank tion tort law tort reform tort system toxic transportation trucking underwriting underwriting loss
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Page 466 - ... property damage' means (1) physical injury to or destruction of tangible property which occurs during the policy period, including the loss of use thereof at any time resulting therefrom, or (2) loss of use of tangible property which has not been physically injured or destroyed provided such loss of use is caused by an occurrence during the policy period; . . . ." 203 Cal.App.3d 1392 insured during the period of the policy under which the insured seeks payment.
Page 194 - Injuries and Damages from Hazardous Wastes — Analysis and Improvement of Legal Remedies, A Report to Congress in Compliance with Section 301(e) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (PL 96-510) by the Superfund Section 301(e) Study Group, 97th Congress, 2d session, September 1982, at 21.
Page 466 - (1) property owned or occupied by or rented to the insured, "(2) property used by the insured, or 1.
Page 238 - They have withdrawn from lines for risks with experience ranging from good to excellent and which even the insurers admit could and should be written. See Attachment C. Boycotts to force action by state and federal officials, be they judges, legislators, or regulators, are illegal. The McCarran-Ferguson Act specifically does not exempt boycotts from federal antitrust enforcement. In St. Paul Fire and Marine Insurance Co. v. Barry, 438 US 531 (1978), the Supreme Court held that the term boycott was...
Page 437 - Mr. Chairman, that concludes my remarks. I would be happy to answer any questions.
Page 186 - Hall v. EI Du Pont de Nemours & Co.. 345 F. Supp. 353 (EDNY 1972...
Page 361 - Insurance Hot Line" mentioned - 15 above which is averaging 1,000 calls per month. In addition to providing shopping leads, we offer referral to professional outside help where shopping has been attempted and complex and difficult problems remain. A third area of activity has been directed toward the pass through or surcharge for carriers of dramatically increased insurance costs mentioned above. For example, ATA's then Chairman of the Board, Dale Craig, filed the first insurance surcharge with the...
Page 171 - Reinsurance is essentially an insurance transaction whereby the reinsurer, for a premium, agrees to indemnify the ceding insurer or reinsured against all or part of the loss which the latter may sustain under its policies of insurance. It...
Page 483 - Should any of the above described policies be canceled before the expiration date thereof, the issuing company will endeavor to mail days written notice to the certificate holder named to the left, but failure to mail such notice shall impose no obligation or liability of any kind upon the company, its agents or representatives.
Page 215 - A large commercial umbrella (liability) risk came up for renewal and was rated at $105,000, about the same as the previous year. But the insured was not satisfied. Aware of the aggressive rate competition in the commercial lines market today, he decided to shop around. He approached a second agent, who submitted the very same risk to a different company, which offered to write it for just $20,000.