Hudson Insurance, Hooghuis Hudson Insurance Group, the U.S. insurance division of Odyssey Re Holdings Corp.has acquired Hooghuis Group LLC, an underwriting agency specializing in U.S. directors and officers liability (D&O) insurance. Hooghuis has been underwriting D&O business for Hudson and …
In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not illegal. The ruling …
The Commonwealth of Massachusetts and its largest private health insurer have decided to prohibit hospitals and doctors from billing for costs relating to fixing medical errors. Health policy analysts say the directives outlined by the state and Blue Cross and …
Serious head injuries among Pennsylvania motorcyclists have become more common in the five years since lawmakers repealed the law mandating helmets, according to a legislative study. Meanwhile, overall motorcycle crash and injury rates have fallen and the fatality rate has …
Stepping Up and Out “The boards of directors of these companies are basically having to step up and be more anticipatory, and take steps to show their shareholders and show regulators that they mean business, and that they want to …
The business partners of former Baltimore Ravens player Michael McCrary have been ordered to pay him $33.6 million for secretly keeping millions of dollars in insurance proceeds from a New Orleans condominium project. Judge Paul Alpert in Baltimore City Circuit …
How the Court Overstepped its Bounds and Affected Current Policies and Future Claims A firestorm of confusion and comment was created by a recent Insurance Journal report detailing a recent Maryland Court of Appeals ruling regarding a condominium associations’ requirement …
New York contractors will now have to submit detailed plans for worker safety harness systems at high-rise construction sites. The city’s Department of Buildings told contractors that the new requirements are in response to a window installer’s death in April. …
$497 Million Estimated value of the claims for personal injury, property damage and wrongful death due to a construction crane collapse on Manhattan’s East Side on March 15, according to New York City’s comptroller. Seven people died when the tower …
But Those Involved with 14 Failed Trusts Remain on the Financial Hook New York State lawmakers have authorized $52 million from an emergency state fund to assure uninterrupted payment of benefits of injured workers whose employers’ self-insured workers’ compensation trusts …
