Dishonest doctors and medical mills in New York better watch out! Following highly publicized crackdowns of major auto insurance fraud rings in the state, Gov. Andrew Cuomo unveiled a statewide initiative this month to bring down fraudsters that plague New …
This article is part of our Hot Insurance Markets for 2012 special feature. The technology industry has been a growing sector in today’s economic environment and many insurers are responding by developing new products to cover cyber related exposures. Data …
Federal aid to victims of the historic flooding that struck eastern Pennsylvania last year has topped the half-billion-dollar mark. In an update on the aftermath of floods from Hurricane Irene and Tropical Storm Lee, the Federal Emergency Management Agency said …
Earlier this month, an appeals court in New York agreed with the lower court’s ruling and said the insurance regulators have the authority to require brokers to disclose the source of their compensation. The rule, Regulation 194, was implemented in …
Failure to Gauge “This is not a situation in which the Corps recognized a risk and chose not to mitigate it out of concern for some other public policy (e.g., navigation or commerce); it flatly failed to gauge the risk.” …
The man who has paid out billions of dollars to victims of the massive 2010 Gulf of Mexico oil spill has been formally relieved of his duties, and a federal judge has set up a new process to let more …
Florida consumers are being warned of an emerging unclaimed property scam. Chief Financial Officer Jeff Atwater said scammers have been offering to reunite consumers with unclaimed property for an upfront fee of $600. Atwater’s Department of Financial Services is responsible …
Marsh & McLennan Companies said Vanessa Wittman, the company’s executive vice president and chief financial officer, is leaving to take a senior role at online search giant Google. Wittman is expected to assist March & McLennan in the transition period …
Alleghany, Transatlantic Global specialty insurer Alleghany Corporation completed its previously announced acquisition of reinsurer Transatlantic Holdings. Both companies are headquartered in New York. With the deal’s closing, Transatlantic is now a stand-alone subsidiary of Alleghany. The cash-and-stock deal, which was …
If someone were to hand you a blank check to enhance your bottom line, would you let it sit on your desk and collect dust? Or would you fill in a number ending with a few zeroes and take some …
