Vermont businesses damaged by recent flooding are now eligible for an emergency low-interest loan program approved by Gov. Peter Shumlin and the chairs of the Legislature’s money committees. The state Emergency Board, made up of Shumlin and the chairs of …
State Farm claim representatives said it has paid nearly $1.75 billion to its customers from the destructive storms of April and May. The total claim payments have nearly doubled in less than three weeks. Earlier this week, Allstate Corp., the …
Virginia Gov. Bob McDonnell has signed legislation designed to improve school safety. The new laws signed Tuesday make it illegal for sex offenders to be on school buses and allows video cameras to be installed on them, and increases penalties …
ReSource Intermediaries Francis (Mike) McGlinn as senior associate. New York-based ReSource is a full service reinsurance broker and part of Integro. A treaty marketing expert, McGlinn joins ReSource Intermediaries from Towers Watson, where he’d been consulting. Earlier, he was senior …
Coast Guard officials are urging boaters to keep safety in mind following nine deaths in two weeks in the Mid-Atlantic. The Coast Guard says the latest death occurred Saturday in Ocean City, Maryland when a pleasure craft capsized at the …
A string of earthquakes in New Zealand is sending tremors through the global insurance market with some companies delaying underwriting policies and others turning to capital markets to offset the risk of pile-on damage and costly claims. “Although there has …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of “a” of ProAssurance Group and its members. Best has also affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of ProAssurance. …
A Washington Supreme Court has ruled that it is OK for an employer to terminate an employee for violating its no drug policy, even though the employee is in compliance with the state’s medical marijuana law. According to court documents …
Indiana Insurance Commissioner Stephen W. Robertson has announced he is seeking a waiver on behalf of Indiana from the federal Patient Protection and Affordable Care Act’s (ACA) 80 percent minimum medical loss ratio (MLR) for individual, major medical health insurance. …
The family of a Utah boy who drowned after he fell from a pipe spanning a Salt Lake City canal in 2009 has filed a wrongful death lawsuit against the city and the state. KTVX says attorneys for 8-year-old Trejon …
