New York agents can use a 226-word, boilerplate statement written by a trade group to comply with some compensation-disclosure regulations that go into effect next year, state regulators said. The Professional Insurance Agents of New York (PIANY) said the New …
David H. Long has been named president of Liberty Mutual Group. Long, who has been with Liberty Mutual for 25 years, is currently executive vice president, Liberty Mutual Group, and president of Liberty International. Edmund F. Kelly will continue in …
Country Sees Growing Power of Hispanic Agents and Customers A group of New York insurance agents has launched a new trade group for Latin insurance producers as well as brokers who serve the Hispanic community in the Northeast. Elmer Rivera, …
Federal Judge’s Ruling Could Affect Thousands of Similar Lawsuits An insurance company doesn’t have to pay for damages at a Virginia man’s home ruined by Chinese-made, sulfur-emitting drywall, according to a decision by a federal judge that could affect how …
New and significant rulings have been issued in two of several lawsuits at the forefront of global warming/climate change litigation that are likely to set the future direction of such litigation. These cases are: Massachusetts v. Environmental Protection Agency. The …
Marsh & McLennan, Kroll, Altegrity Marsh & McLennan Cos Inc. agreed to sell investigations unit Kroll to a firm led by former Marsh CEO Michael Cherkasky for less than the insurance broker paid for Kroll six years ago. MMC plans …
Lawyers’ Fees Rose While Payouts to Defendants Shrank Fewer than half of the medical malpractice claims settled by Connecticut insurers over the last four years resulted in payments to patients, and the average size of those payments fell last year, …
Maryland Gov. Martin O’Malley has a new proposal aimed at boosting the amount of venture capital for businesses like bioscience companies. The governor rolled out the proposal earlier this month during a speech to academic, business and government officials in …
The workplace is undergoing a demographic change as “Baby Boomers” – born between 1946 and 1960 – retire and are replaced by Generation X (1961-1982) and Generation Y/Millennial Generation (1983-2001). This transition is critical in occupational safety and health compliance, …
$67,000 Restitution paid to nearly 1,600 Virginia customers of Trumbull Insurance Co. – an affiliate of The Hartford – following an investigation by state regulators over premiums charged by the company. Regulators say the company was using improper rates for …
