Deteriorating economic conditions threaten a massive wave of corporate defaults. Corporate borrowers’ inability to fulfill debt obligations could prompt a bankruptcy filing surge and lead to lawsuits as creditors and shareholders seek to recoup their losses. These claims could present …
Who let the weather goblins out? Tornadoes, wildfires and floods, oh my! With all the weather related disasters out in full force this (and seemingly every) spring, there should be some kind of scary, Halloween-type holiday to acknowledge the violent …
Why Trying to Time Earthquake Coverage Purchase Is Like Trying to Time the Stock Market Ask anyone who has been impacted by the recent volatility of the stock market, and they will tell you that it’s almost impossible to time …
Superintendent Eric Dinallo Redefines the Role of Regulator in the Insurance Industry New York Insurance Superintendent Eric Dinallo was thrust into the national spotlight last year as the insurance industry’s then-largest company, American International Group, began its precipitous collapse. It …
Head Games: That’s Our Stand “We are pleased with the response to this offer and look forward to digging into the data.” —Tom Warden, assistant vice president of Allstate Research and Planning Center, which is working to determine whether brain …
$6.4 Million Amount awarded to Stephanie Baril, of Haverhill, Mass., who was severely injured when a drunken driver struck her vehicle, although her lawyer says she is unlikely to see much of the money. Attorney Daniel Chabot said the man …
The wife of a retired Pennsylvania Superior Court judge convicted of insurance fraud is challenging efforts by federal prosecutors to seize the judge’s home. Prosecutors claim former Judge Michael Joyce bought the home in Millcreek Township, near Erie, using some …
Massachusetts Attorney General Martha Coakley said that Occidental Fire and Casualty Insurance Co. of North Carolina has agreed to make significant changes to the way it rates Bay State drivers. Occidental, which announced plans earlier this year to enter Massachusetts …
A national advocacy group is urging lawmakers in Maine to create an insurance fraud bureau. The Pine Tree State has the highest per-capita rate of insurance fraud in America, according to the Coalition Against Insurance Fraud, and should act to …
Arsonists’ handiwork has dominated headlines across much of the Northeast and Mid-Atlantic over the last several months. Earlier this year, in southeast Pennsylvania, an alleged group of firebugs torched dozens of buildings in one community before authorities finally caught them. …
