Lloyd’s of London insurers Beazley and Hiscox have partnered to offer brokers and clients a D&O consortium through which the syndicates will provide materially higher limits and offer additional options to complex risks for U.S.-domiciled companies. Central to the proposal …
The largest immigrant advocacy group in New England is again pushing lawmakers to support a bill that would allow foreign-born residents living in the country illegally to secure Massachusetts driver’s licenses. Massachusetts law currently requires immigrants seeking a driver’s license …
USI Insurance Services announced the closing of the acquisition of Travers, O’keefe & Associates Inc., headquartered in New York. Terms of the transaction were not disclosed. Travers, O’keefe’s headquarters will be combined with USI’s New York office and USI’s Albany, …
North Carolina homeowners are looking at insurance cost increases averaging 25 percent starting in August if the state’s regulator goes along, and his office heard Friday from some of those upset about the prospect of higher premiums. The hearing came …
North Carolina Insurance Commissioner Wayne Goodwin this week announced the arrests of five people in an alleged insurance fraud scheme involving several staged auto accidents in Buncombe County. Department of Insurance criminal investigators allege that the defendants conspired to defraud …
West Virginia is seeking a $350,000 federal grant to assess the damage of a chemical spill that polluted the water supply for 300,000 people. Gov. Earl Ray Tomblin said the money would help with monitoring, testing and screening to determine …
The Oasis Loss Modelling Framework has unveiled what it describes as “the most significant development in the modelling of natural catastrophe losses for 20 years”— the launch of an independent, global, open framework for use by any party with an …
An Ohio chiropractor was sentenced to pay nearly $70,000 in restitution and investigation costs to the Ohio Bureau of Workers’ Compensation (BWC). Tariq Arif pleaded guilty Jan. 13 in the Franklin County Court of Common Pleas to one count of …
Baton Rouge, La., police have arrested one man accused of being part of a prescription drug ring in which more than 200 fraudulent prescriptions for the powerful pain-killing drugs oxycodone and hydrocodone from a Baton Rouge clinic. The Advocate reports …
In the event of a mass-casualty accident involving the derailment of a crude-carrying train in a densely populated urban area, who would be responsible for the compensation for deaths, injuries, damage to property and environmental clean up? The short answer …
