0.9% The workers’ compensation voluntary loss cost decrease approved by the New Hampshire Insurance Department, along with a reduction in assigned risk rates of 0.6 percent. The new figures went into effect Jan. 1. The decision mirrors the request made …
One New York “Every policy, every action, every decision we make in this administration will further two overarching objectives: we must transform our government so that it is as ethical and wise as all of New York, and we must …
St. Paul’s School in Concord, N.H. has filed a lawsuit accusing its insurer of refusing to cover most of the $5 million the school has spent repairing buildings and grounds damaged by flooding. In May, floodwaters tore up the road …
The London insurance market Lloyd’s has sued former Rhode Island Gov. Bruce Sundlun, accusing him of failing to pay about $300,000 in principal and interest. But Sundlun says he doesn’t owe Lloyd’s any money, and his lawyer has asked a …
Connecticut Governor M. Jodi Rell has accepted the resignation of Insurance Commissioner Susan Cogswell and said she will name a replacement soon. Cogswell is not leaving the department, however. She has accepted the position of deputy insurance commissioner and will …
Sen. Chris Dodd, D-Conn., is the incoming chairman of the Senate Committee on Banking, Housing and Urban Affairs, which has jurisdiction over flood and terrorism insurance, as well as over regulation of insurance, credit and other financial services markets. The …
Zurich Financial Services Group has appointed Maine Insurance Superintendent Alessandro A. Iuppa as head of Government and Industry Affairs for General Insurance, and as chief government affairs officer, North America. Both appointments are effective Jan. 15, 2007. Based in Washington, …
Historically, the insurance sector has not been high on the list of preferred investments for private equity markets, but since 2001 interest in insurance and reinsurance has been on the rise, not only with private equity firms, but also with …
What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and policyholders have Mother …
Insurance industry trade groups are asking the Indiana Supreme Court to review an appeals court decision that awarded damages for emotional distress to the family of an injured man, saying it could set a costly precedent. The groups are joining …
