CMVLI to double to P100,000 but premium rates stay same.
The limit for all Compulsory Motor Vehicle Liability Insurance (CMVLI) coverage will be increased from P50,000 to P100,000, but the premium rates will be the same. Citing the need to provide adequate protection to the insuring public, Insurance Commissioner Evangeline Crisostomo-Escobillo, announced the impending increase in CMVLI...

BUSINESS PEOPLE.
COLUMN: BUSINESS PEOPLE Hassett & Donnelly P.C. of Worcester has hired two lawyers. John A. Girouard of Shrewsbury joins the law firm as an associate in civil litigation, business litigation, landlord/tenant issues, insurance claims and real estate litigation. Mr. Girouard was managing agent for Collis & Curran...

Directors And Officers Liability Insurance: A Director's Guide.
by Ty R. Sagalow Published by the National Association of Corporate Directors, Washington D.C., 267 pages, $165.00 FROM THE PERSPECTIVE of board members and officers, the most important insurance policy maintained by a company is the directors and officers (D&O) policy. In several situations, a...

Professional liability checkup.
4 common gaps often found in employer-provided liability coverage. Are you at risk? You go to work every day, take care of your patients and have comfort knowing if something happens, your employer's professional liability coverage will protect you. However, as generous as your employer-provided...

W.Va. sees good signs since liability reform.
The malpractice environment may be starting to improve for physicians in one state 2 years after a comprehensive medical liability reform bill was enacted there. "It's probably too early to see a huge improvement," said Frederick C. Blum, M.D., president-elect of the American College of Emergency Physicians....

Car insurance racket hit; Anomaly costing gov't P1 B in tax losses yearly, labor group says.
CEBU CITY -- The government has been losing up to R1 billion worth of tax revenues each year from irregularities in the lucrative motor vehicle compulsory third party liability (CTPL) insurancemarket, the Trade Union Congress of the Philippines (TUCP) said. Former senator and TUCP secretary-general Ernesto Herrera...

Appraisal Institute insurance ... what's in it for me?
BEING A PART OF THE APPRAISAL INSTITUTE BRINGS A WEALTH OF BENEFITS AND ACCESS TO IMPORTANT "MEMBERS ONLY" PROGRAMS FROM THE REAL ESTATE APPRAISERS GROUP INSURANCE TRUST, better known as REAGIT. the host of valuable insurance protection plans are designed exclusively to meet member needs; in addition, REAGIT has...

Learning to build from Scratch: architects and designers need a new perspective as their structured world of "apportioned liability" crumbles under their feet because of new technology.
A software technology called Building Information Modeling--BIM--has been used for more than a decade in the design and build world, but it is now only becoming apparent that it promises to change how all things risk management are done in the architecture and design world. Some people in the...

Debate over MC-FP calmer at Congress of Delegates: payment, liability also among key issues.
SAN FRANCISCO -- Efforts by the leadership of the American Academy of Family Physicians to address the hot-button issue of maintenance of certification gained a vote of confidence at the annual Congress of Delegates. A deluge of complaints since the adoption of maintenance of certification by the...

Emergency departments face shortage of specialty care: obstetricians are among the specialists who don't want to take call because of the liability risks that are involved.
Most hospital officials are having trouble getting specialists to take emergency department call, according to a national survey of physician executives. About 64% of physician executives surveyed reported having a problem getting specialists to take call at their hospitals. Many of them--about 47%--report that their hospitals are...