Texas tackles its insurers; will Gov. Ann Richards' regulatory revolution spread?
Article Abstract:
Texas' system of insurance industry regulation has undergone a significant reform, and observers wonder whether the large size of Texas' insurance industry will cause reforms to spread into other states. Governor Ann Richards signed the Omnibus Insurance Reform Bill into law on Jun 6, 1991. The law's provisions include repealing the exemption from antitrust laws for the insurance industry, incentives to increase competition, stricter solvency requirements, and creation of an insurance fraud unit and the independent Office of Public Insurance Counsel.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
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Mary Carter pacts are voided; Texas gives defense win
Article Abstract:
The Texas Supreme Court has outlawed Mary Carter pacts in the medical malpractice case of Elbaor v Smith and in all cases currently pending. Texas is the fourth state to ban these agreements in civil lawsuits. Most jurisdictions have taken lesser steps than an outright ban such as requiring the disclosure of a Mary Carter agreement to jurors. Mary Carter agreements are settlement agreements in which some defendants are promised a financial share of the damages received from other defendants at trial.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
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Small town indicts black students in voting case
Article Abstract:
A group of 15 Afro-American students from Prairie View A & M University in Texas have been indicted for voting in violation of the Texas Election Code. Some are charged with having completed voter registration in more than one county. Waller County, where the school is located, has a history of challenging minorities' right to vote. The charges add a racist component to the "town vs gown" debate that arises in college towns when transient student groups vote in local elections.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
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- Abstracts: Critique of third-party decision-making in ADR processes. Successful regulatory negotiations. Is interest-based bargaining really new?
- Abstracts: New risks surface from policy sales among insurers. Roundtable chafes at ALI's view on shareholder suits
- Abstracts: High court considers trade dress issues. U.S. lawyers confront Russian software. Legality of 'interim copying' is disputed
- Abstracts: Cult experts sue lawyers, others. Plaintiffs' activists celebrate; Trial Lawyers for Public Justice is 10. Transit ads rile trial lawyers; constitutional challenge?