A director of the Independent Insurance Agents & Brokers of New York told lawmakers and regulators this week that New Yorkers are dealing with unnecessary hassles when they make flood insurance claims. William Oliver told the panel that the difficulty …
The State Highway Administration has launched a program to reduce jaywalking across Coastal Highway in Ocean City. The three-year pilot program will use newly designed sidewalk markings about 10 feet from three intersections on Coastal Highway that have seen the …
The seven-member commission selected by President Barack Obama to investigate the Gulf oil spill is getting back together. This time, it will press for action to improve drilling safety. The re-formed group said it plans to issue a report card …
The Maryland Senate wants to prohibit drivers from smoking in cars if a child under the age of 8 is a passenger. Senators signed off on the bill in a 27-19 vote Wednesday. Proponents of the legislation said they chose …
Towers Watson said it has won two U.S. patents for its financial modeling technique designed to help insurance executives statistically sample and better understand and calculate risk exposures in real time. The global professional services company said the U.S. patent …
UBS AG has agreed to settle litigation against MBIA Inc. that challenged the bond insurer’s 2009 restructuring, people familiar with the matter said on Thursday. The UBS settlement calls for credit-default swaps to be commuted in exchange for a cash …
A federal appeals court stopped just short of throwing out a judge’s controversial rejection of the U.S. Securities and Exchange Commission’s $285 million fraud settlement with Citigroup Inc over mortgage investments. The 2nd U.S. Circuit Court of Appeals chastised U.S. …
The Mississippi Legislature is split on a bill that would make changes to the state’s workers’ compensation law. Opponents say it would tilt the scales against workers, but proponents say it would return fairness to a system that currently favors …
Kentucky Gov. Steve Beshear has signed an executive order prohibiting insurance companies from canceling policies or changing rates in counties hit by deadly tornadoes. Beshear’s staffers said it was the first time such an order had been executed in Kentucky. …
A South Carolina legislative panel opted this week to postpone voting on a bill that would exclude medical expenses from the $600,000 liability cap that protects the government from paying unlimited damages, regardless of the number of government entities involved. …
