The New York City Department of Buildings says that it will be making changes to its general liability insurance requirements for contractors working in the city. Insurance agents are closely watching the government agency, hoping that the changes will be more lenient on contractors than those made in the past. Earlier this year, the department issued sweeping changes to its regulations regarding liability insurance. The majority of the changes were met with sharp criticism from contractors and insurance agents for making coverage virtually impossible to obtain. The department has taken…
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A check list of the last 30 days in car insurance news headlines for the U.S.
It looks like 2011 is going to be the year for several states to make all out changes to laws relating to car insurance requirements. Some of the states involved in making changes to existing legislation, are; New York, Oklahoma, and Nebraska. Also, in the car insurance news headlines…several states have decided to raise the minimum liability coverage required. Texas, for instance, has raised the minimum liability limits to 30/60/25. This means $30,000 for each injured person, up to $60,000 per accident. Property damage is staying at $25,000 per accident.…
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