New Jersey Banking and Insurance Commissioner Steven M. Goldman reported that the state began sending subsidies of $16.4 million last month to eligible medical practitioners in certain high-risk specialties. The subsidy payments are being distributed to nearly 1,200 physicians under …
Leonard Crouse, Vermont deputy commissioner of Captive Insurance and a fixture in the state’s captive insurance industry for 18 years, has announced his plans to retire effective June 1. For more than 30 years Crouse has been a nationally recognized …
About 150 people were left homeless in Lawrence, Mass. as a massive blaze that started in an empty downtown nightclub early Monday quickly spread through 15 buildings, including apartments and a home for the mentally disabled. One person was injured …
Suspended drivers represent a small minority of all motorists but are involved in a disproportionately large number of serious highway crashes in Maine, the Maine Sunday Telegram reported. After analyzing records from a statewide database of 160,000 motor-vehicle crashes from …
The Supreme Court last Friday said it would rule on an appeal by MetLife Inc. in a case that could make employee benefit plans more expensive. The dispute centers on whether insurance companies such as MetLife have a conflict of …
The Maine fire marshal’s office is investigating a fire at the upscale Stage Neck Inn in York a year after another fire damaged the oceanfront resort hotel. York Village Fire Chief Chris Balentine estimated the damage from last week’s fire …
Standard & Poor’s Ratings Services has placed Ambac Assurance Corp.’s financial strength, financial enhancement, and issuer credit ratings and Ambac Financial Group Inc.’s senior unsecured, issuer credit, and hybrid security ratings on CreditWatch with negative implications. S&P also placed the …
A.M. Best Co. has assigned an issuer credit rating (ICR) of “bbb” and affirmed the financial strength rating (FSR) of B++ (Good) of Jamaica International Insurance Company Limited (JIIC) with a stable outlook. “The ratings reflect JIIC’s favorable capitalization, profitable …
Lockton International announced the appointment of Alan Angel as a Consultant, providing specialist advice and guidance to the UK Division’s real estate and construction clients on how to maximize the efficiency and cost structure of their insurance programs through self …
The Bermuda-based Everest Re Group announced that it has completed the previously announced detailed study of its potential asbestos exposures, and will take a “net pre-tax charge of $311 million related to the strengthening of its asbestos reserves in the …
