A new driving simulation laboratory is now open for business in the University at Buffalo School of Engineering and Applied Sciences. The state-of-the-art facility, housed in UB’s New York State Center for Industrial Design and Innovation, will be available for …
Connecticut Attorney General Richard Blumenthal can attempt to recover damages from insurance broker Marsh & McLennan Inc. for harming the economy of the entire state, the state’s Supreme Court ruled. The ruling stems from a still-pending 2005 suit against Marsh …
ACE, Aon ACE Limited has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Co. of America and certain of its subsidiaries from Aon Corp. for $2.56 billion in cash. The closing price exceeded the $2.4 …
A state Web site intended to educate consumers about Massachusetts’ newly deregulated auto insurance market instead gives them inaccurate rate comparisons, according to Attorney General Martha Coakley. Coakley argued the site misleads drivers into thinking that they’re using an effective …
A rifle manufacturer asked arms dealers nationwide to make extra safety inspections after discovering it had accidentally shipped four guns loaded with live ammunition. Henry Repeating Arms, a maker of lever-action rifles like ones used in the 1860s and 1870s, …
Salem (Virginia) High School students got firsthand experience with drunken driving on a recent morning. Almost 100 students buckled into the Safety Bug, a yellow Volkswagen Beetle designed to mimic the effects of drunken driving. One student maneuvered around the …
Maryland Attorney General Douglas Gansler announced an agreement with four wireless phone providers on disclosure of the costs of cell phone insurance. Gansler said he wants to be sure consumers know what they are getting. “While prior company materials contained …
A construction worker on Boston’s “Big Dig” highway project is not entitled to workers’ compensation benefits for injuries he suffered after he fell asleep while driving home late from work, the state’s high court has ruled. The worker, who had …
Massachusetts will permit auto insurers to sell six-month policies in another change under the state’s newly operational managed competition system that gives insurers more freedom. Independent agents have balked at the decision to permit six-month policies, maintaining they’re against the …
The New York Insurance Association is criticizing the state Legislature’s passage of the portion of the 2008 budget which hikes assessments on insurers by $40 million — a 20 percent increase over last year, the group said. The agency budgets …
