A New York judge has granted American International Group a restraining order against its former chief executive officer, Maurice Greenberg, and his agency, Starr Technical Risk Agency, that bars Starr from placing its AIG risks with other insurers. The judge …
N.Y. City eyes anti-terror cameras New York is considering installing surveillance cameras in Lower Manhattan in its fight against terrorism, similar to the “ring of steel” in London. Police department experts visited London in the fall to look at its …
New York State’s largest provider of homeowners insurance should reconsider its decision to stop writing new policies in the metropolitan area over concerns about hurricane damage, according to Sen. Charles Schumer. “The chances of a Katrina-type hurricane hitting our area …
Worry mounts among small employers because they are prime targets for trial lawyers who view them as easier pickings than big companies that have the financial resources to vigorously defend themselves. Small business and asbestos While shopping for turkey last …
Anticipating and assessing risk, along with defining and assigning value to units of exposure are basic components of an insurance underwriter’s job. Challenging as such tasks are when examining well-known exposures, they become doubly daunting when faced with previously unknown …
Conn. trucker and victims battle insurer over certificate Lawsuits stemming from a deadly crash at the base of Avon Mountain in Connecticut last July have led to an unlikely alliance between the victims and the owner of the trucking company …
Virginia House Republicans have offered a $2 billion, four-year financing plan that is underwritten partly by daunting new fines on lead-footed drivers. It provides only about half the additional revenue for roads, commuter rails and transit that competing plans by …
People Joseph Beneducci has been elected to president and chief operating officer of Fireman’s Fund Insurance Company, in Novato, Calif., according to Charles Kavitsky, chief executive officer. Beneducci was named executive vice president and chief operating officer in May 2003. …
The Boston-area public transit agency, the Massachusetts Bay Transit Authority, has renewed its terrorism insurance policy. The policy includes a $350,000 deductible and would cover up to $500 million in damage to MBTA property, or about 10 percent of the …
As trade barriers fall and innovations in technology continue at a breakneck speed, more U.S. companies are reaching out and investing in international markets. U.S. businesses cannot ignore the opportunities in the global marketplace, with 95 percent of the world’s …
