The Hartford Financial Services Group has completed the sale of its Hartford Life Private Placement unit to Philadelphia Financial Group. The transaction, valued at $117.5 million, was first announced last December. Philadelphia Financial Group is a Philadelphia-based company that specializes …
New York Gov. Andrew Cuomo said Tuesday that New York State employers will see a reduction in workers’ compensation premium rates. He said rates to policyholders will see a decrease of 1.2 percent in the upcoming policy year.It will be …
Four former recruiters at the Academy of Art University in San Francisco are accusing school officials of using an illegal compensation plan to cheat the federal government out of millions of dollars in financial aid, the San Francisco Chronicle reports. …
An Occupy Portland protester has filed a federal lawsuit accusing police of excessive force during a demonstration last fall in which he says his back was injured. Justin James Bridges says he was swept up in a crowd Nov. 13 …
The Navigators Group, Inc.’s Navigators Pro division has introduced Side A Global InNAVation, a directors and officers (D&O) liability policy to address emerging global risks. This new policy offers dedicated excess coverage for individual directors and officers for specific non-indemnifiable …
Rhode Island’s attorney general is warning consumers about possible identity theft and Medicare fraud by scammers apparently trying to take advantage of the Supreme Court’s recent ruling upholding the health care overhaul. Attorney General Peter Kilmartin says individuals have received …
More than 3,000 lots flooded by Hurricane Katrina and bought with federal money in an emergency bailout sit idle across this city — a multimillion-dollar drain on federal, state and city coffers that lends itself to no easy solution. An …
Penn State University could face years of litigation over Jerry Sandusky’s abuse of children, but the school is also doing some things that may limit the damage, according to lawyers with experience in such cases. The 267-page report released last …
The Missouri attorney general’s office has reached a deal with some former employees of US Fidelis allowing compensation for being laid off without proper warning. US Fidelis was once a leading seller of vehicle service contracts. The Wentzville, Mo.-based company …
A group of Arkansas rice farmers has sued a company that produces hybrid seed, claiming that RiceTec Inc. supplied them with seed that produced an inferior crop and sometimes didn’t grow well enough to be harvested. The lawsuit was filed …
