A judge has ruled that World Trade Center leaseholder Larry Silverstein cannot force insurance companies to pay his legal fees related to litigation stemming from the Sept. 11 terrorist attacks. U.S. District Judge Alvin K. Hellerstein said Thursday that it …
New Hampshire securities officials have charged units of Dutch financial services giant ING Groep NV with taking undisclosed payments for promoting poor investments to state employees in their individual retirement plans. Regulators ordered ING Financial Advisors and ING Life Insurance …
Auto insurance companies that use a person’s education and occupation to set rates are discriminatory and circumvent laws against using race and income to calculate prices, a state senator said this week. After listening to testimony from insurance companies and …
Purdue Pharma has settled a civil lawsuit with its insurer over costs stemming from hundreds of lawsuits involving the painkiller OxyContin, company officials said. Steadfast Insurance Co., a unit of Zurich Insurance Co. of Switzerland, had sued Stamford-based drug maker …
Mississippi will use $50 million in federal grant money to ease the sticker shock of an anticipated rate increase for wind-pool coverage of homes in the hurricane zone, officials said Wednesday. Gov. Haley Barbour and Insurance Commissioner George Dale announced …
Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., has announced three executive promotions. Dennis Brand has been promoted to the position of executive vice president, Corporate Underwriting and Risk Management. In his new role, Brand will assume responsibility …
XL Capital Ltd in Hamilton, Bermuda announced an executive management restructuring as of July 1 that includes the creation of a new Office of the Chief Executive Officer (OCEO). It will comprise five senior executive functions including XL’s Chief Financial …
Connecticut Gov. M. Jodi Rell and Waterbury Mayor Michael J. Jarjura said that preliminary damage estimates of the June 2-3 flash flooding in the city totaled $4.4 million. Other towns in Greater Waterbury have estimated damage totaling more than $600,000 …
Three people have been sentenced in what prosecutors called a Medicaid fraud ring that used forged prescriptions. Eduardo Solis, 42, Juana “Janie” Garcia, 44, and Hermelinda Altamarino, 36, were indicted and arrested in October. In sentences announced Tuesday by state …
Commissioner Sandy Praeger will be embarking on a statewide insurance education campaign, entitled “InsureU,” which will extend over the next few months. Praeger will begin by making stops in several Kansas cities next week sharing information specifically targeted at empty …
