Small U.S. business owners are slightly less pessimistic about their outlook, and in the face of continuing weak sales do not plan to boost capital spending or employment, a monthly survey of small businesses showed. The National Federation of Independent …
A Connecticut jury has awarded $2.9 million to a bicyclist who was injured when she hit a gate on West Hartford land owned by a regional water and sewer agency. Maribeth Blonski of Rocky Hill sued the Hartford-based Metropolitan District …
Big oil goes under the spotlight Tuesday when U.S. lawmakers grill top executives on a drilling rig explosion and oil spill that threatens an environmental catastrophe in the Gulf of Mexico. The hearings come during a desperate race against time …
North Carolina’s insurance pool for coastal properties now has an extra financial cushion in case a major hurricane strikes. Risk specialist Guy Carpenter & Co., LLC, and GC Securities, announced the completion of a $305 million, two-class note issuance from …
For the fourth time in the last year, a Hinds County, Mississippi circuit judge has ruled against the city of Jackson in cases involving a police chase. The latest ruling comes from a lawsuit filed by a former Richland police …
New Jersey Insurance Commissioner Tom Considine praised new, bipartisan legislation that would grow the reinsurance market and create a captive insurance market in the Garden State. The captive insurance bill was put forward in the Assembly by Democrat Gary Schaer, …
Attorneys for Ronnie Lymas go to the Mississippi Supreme Court on June 8 hoping to resurrect a $4.1 million jury verdict vehemently opposed by dozens of trade associations and Republican Gov. Haley Barbour. Critics say Lymas is not legally entitled …
Insurance agent David M. Gelia has been elected chairman of the Independent Insurance Agents and Brokers of New York (IIABNY). Gelia, executive vice-president of United Insurance Agency in Amherst, has served as chair-elect, secretary-treasurer and regional director representing the nonprofit …
Europe’s travel industry is counting the cost of air traffic disruption caused by a volcanic ash cloud which forced thousands of flights to be cancelled and is braced for more stoppages this month. British travel company TUI Travel and low-cost …
A new report from A.M. Best notes that mutual insurance companies “have generally entered and emerged from the economic downturn in a strong position, but any advantage they currently have over conventional insurers could be short-lived.” Best’s research states that, …
