Yellow Caution Sign Kentucky Accident Information has a new post discussing how businesses are still responsible for injuries when they misuse or overuse yellow caution signs to warn of dangers on their property.  The article discusses not only the misuse of yellow caution signs by businesses, but the habitual overuse of those same yellow caution signs when no danger is present.

The article goes in depth to identify the most common misuse or overuse mistakes that businesses make and how they attempt to avoid liability by misusing and overusing yellow caution signs.  It is a very interesting read and something every customer should keep in mind when they visit a business or commercial venue.  It is important to remember that the obligation businesses owe their customers extends beyond slapping a yellow caution sign up on the property in hopes to avoid injury.  Kentucky Accident Information explains the extent of that obligation and the steps customers can take to protect not only themselves but other customers as well.

 

Microsoft Money has an interesting article on the link between smaller cars and higher insurance bills.  Particularly useful given the statistics which show that Americans are turning to smaller cars to deal with higher gasoline costs.  An excerpt:

Americans are looking to smaller cars for savings on spiraling gas prices and for lower emissions, but auto insurance savings may not follow.

But does a smaller vehicle equate to smaller car insurance rates? The answer, surprisingly, is usually no.

According to Insure.com’s research on auto insurance rates, switching from a larger vehicle to a small car such as a Civic or a Prius is likely to raise your insurance premium:

Click here to read the entire article.

The Courier Journal reports on the dismissal of Delta in the lawsuit against Comair for the crash that killed 49 people two years ago.  According to the article Judge Forester stated; “In short, there is no allegation that any Delta employee failed to exercise reasonable care in the performance of his/her duty in any manner in respect to Flight No. 5191”.  The dismissal apparently will have no affect on the remaining claims against Comair.

To read the entire article click here.

The Kentucky Law Review has posted on an article from the ABA Journal’s website, titled Fla. Can Bar Allstate From New Biz, Unless It Reveals Rate Info., Court Says. According to that article:

A Florida appeals court ruled today that state insurance regulators have the authority to suspend Allstate from writing new policies because the insurance giant has failed to comply with subpoenas about their rates.

The state’s Office of Insurance Regulation is seeking pricing information from the Illinois-based Allstate Corp. Florida wants to know why the company’s property rates haven’t dropped even after a state law was enacted that was designed to reduce premiums, the Associated Press reports.

Click on the article heading to read the full story or click here to link to the court’s opinion. The opinion is a very interesting look at the position of Allstate and its intentional efforts to prohibit administrative review of its rate procedure, including labeling massive amounts of documents, even those posted on the web, as “trade secrets.”

AIG Chief Resigns

June 16, 2008

MSN Money is reporting on the resignation of AIG Chief Martin Sullivan in the wake of the mortgage meltdown. Here’s an excerpt:

Another Wall Street executive bites the dust because of the subprime-mortgage market mess. Martin Sullivan is stepping down as chief executive officer at American International Group (AIG, news, msgs) amid intense shareholder pressure. Big shareholders — including billionaire investor Eli Broad and Legg Mason (LM, news, msgs) fund manager Bill Miller — had written letters to AIG’s board of directors, pushing the company to make changes to its leadership. Shares of AIG, a Dow stock, fell 43 cents, or 1.3%, to $33.75 in midday trading.

Click here to read the entire article.

Insurance Rates Moderate

June 16, 2008

According to an article in the Courier Journal, Kentucky and Indiana residents are likely to face lower insurance premiums this year.  Auto insurance rates in Kentucky and Indiana are expected to fall for a second year, and homeowners rates are due to rise only slightly, if at all, after years of steeper climbs.

To read the entire article, click here.

The Courier Journal reports on the $150,000 sexual harassment settlement by the City, here. According to the Courier:

One of the largest settlements paid on behalf of the Louisville Metro Police this decade went to two of the department’s own — in a harassment case where the city says it settled to avoid the uncertainty of trial.

Metro government agreed to pay Officers Kristina Hagan and Michael Smith a total of $150,000 earlier this year to settle a suit alleging that other officers sexually harassed Hagan and that Smith faced retaliation for supporting her.

The article is very interesting for its discussion of the underlying facts supporting the claim, including multiple allegations by both parties of inappropriate conduct in the police department. It also raises questions concerning the City’s large payout of settlements, which is the subject of another Courier article, here. According to that article;

Louisville has paid more than $4.6 million in the past two years in settlements and jury awards for 15 federal and state lawsuits against police, according to records obtained by The Courier-Journal.

A result even the current police chief White calls, “alarming.” However, the article does note that Louisville’s payouts are not out of line or excessive when compared to other similarly sized cities.