$1.07 million The fine imposed against the owners of Rhode Island’s The Station nightclub for failing to carry workers’ compensation insurance at the club, the site of a 2003 fire that killed 100 people. Owners Jeffrey and Michael Derderian sought …
Contingent commission ban “Many industries — not just the insurance industry — rely on performance-based compensation, which is legal, honest and brings many benefits to the insurance marketplace, as it does to our entire American economy. Eliminating all contingent compensation …
Auto insurance companies are profiting at unprecedented levels from New York drivers who are spending more on insurance premiums while the industry pays out less in claims, New York City Comptroller William C. Thompson Jr. charged. He called for insurers …
A Massachusetts man has filed a lawsuit against The Scotts Co., alleging the lawn and garden company violated his privacy and civil rights when it fired him because he smokes. Scott Rodrigues, of Bourne, claims he was fired from his …
Rhode Island’s highest court has declined to rule on whether state lawmakers have any remaining role in appointing members, or approving gubernatorial appointments, to the board of the state’s largest workers’ compensation insurance carrier, Beacon Mutual Insurance Co. Senate Democratic …
The best choice for consumers is the tried and true property/casualty guaranty fund system administered by the states From almost the moment Gramm-Leach-Bliley was signed into law in late 1999, discussion turned to the question of state or federal regulation …
Monoline Auto Classes, Small Commercial Nuts & Bolts: Zurich’s small business agents now have more than 500 monoline auto classes to sell. The company has opened an additional 257 existing America Premier classes for monoline auto and added 238 new …
Frank J. Coyne, chief executive officer of Insurance Services Office, recently warned that insurers unable to keep up in the technological arms race face a grim prognosis. The industry leader said a chasm is growing between insurers using state-of-the-art analytics …
Home insurers in Connecticut may no longer require permanently installed storm shutters as a condition for writing or renewing policies but must offer consumer choices of loss mitigation controls and deductibles, according to a report on coastal insurance issued by …
John W. Bailey, of Dryden, N.Y., executive vice president of George B. Bailey Agency Inc., is an independent insurance agent who goes above and beyond to help those around him. Bailey completed the New York City Marathon last month and …
