A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice …
A Long Island woman claims her one night at the Waldorf Astoria hotel has cost her $13,000 because her room was infested with bedbugs that came home with her. Susanne Igneri filed a lawsuit against the upscale Manhattan hotel last …
1. Injury Responsibility A landlord is held responsible for an injury on the rented premises if it can be shown that the landlord or his agent was somehow negligent in maintaining the property, and that the negligence in doing so …
Hub, Burnham & Co. Chicago-based broker Hub International has acquired Burnham and Company Inc., of New Jersey. Terms of the deal were not disclosed. Burnham, based in Englewood Cliffs, has approximately $4 million in annual revenue. It will become part …
On the list of things that are done for all the wrong reasons in organizations, performance reviews would have to rank near the top. They end up being “check the boxes” exercises that have little influence on performance because they …
Let’s not blame CSRs for insurance fraud. Press ‘1’ if you think that is unfair. Insurance customer service and claims representatives may not have realized it but when they fail to do their jobs, they are contributing to the insurance …
A Philadelphia-area school district has agreed to pay $610,000 to settle two lawsuits over secret photos taken on school-issued laptops. The Lower Merion School District admits it captured thousands of webcam photographs and screen shots from student laptops in a …
$175,000 Fine paid to the state of Connecticut by Ohio-based American Modern Home Insurance Co. for agent-licensing violations. A recent market conduct examination by regulators found that American Home had 75 agents who were not appointed and 11 individual agents …
New York insurance regulators are floating a proposal that would allow agents in the state to use banks that have no physical location inside of the Empire State. If approved, the move would allow producers to hold money for their …
A former Vermont man who claimed he bit into a Burger King sandwich and found an unwrapped condom has dropped his lawsuit, with the restaurant agreeing to drop its counterclaim. The man and the store’s owners agreed to pay their …
