Some western New York residents whose homes were damaged by a snow-swollen river in January had only recently cancelled their federal flood insurance policies because of rate increases. About 70 houses in West Seneca, just outside Buffalo, flooded when a …
New Jersey’s appellate court recently affirmed a ruling that an employee who got injured in a traffic accident while driving out of her employer’s premises is entitled to worker’s comp benefits. Documents showed that approximately one foot in length of …
A top official from New York State’s Department of Financial Services (DFS) recently spoke about the state’s property/casualty insurance markets, calling it overall very good but “a bit more of a mixed bag” from a granular level. And it’s shaping …
According to a recent Towers Watson Directors & Officers (D&O) Liability Survey, 63 percent of nonprofit organizations reported a D&O claim in the past 10 years. Neglecting to prepare for such claims can lead to financial trouble for an organization …
A myth is sneaking into the industry that insurer insolvency is not as important today. Belief in this myth is important to many entities. A number of companies, agencies and other firms benefit if less attention is paid to insolvency …
Plaintiffs filed 166 new federal securities class actions in 2013, a 9 percent increase over 2012. However, the 2013 total is 13 percent below the average from 1997 to 2012, despite a second-half surge. The slump in filings may be …
Much has changed in the insurance industry throughout the past 20 years. What hasn’t changed so much is the type of claim to strike the private company and nonprofit directors and officers (D&O) sector. What has changed is the coverage …
Berkshire Hathaway, MyAssist, Insure America Berkshire Hathaway Specialty Insurance has agreed to purchase from Noel Group the assets of MyAssist Inc., a live-agent personal concierge and telematics service-provider, and Insure America LLC, a niche program administrator that provides insurance products …
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As an advocate for a reformed system of state insurance regulation, the National Association of Mutual Insurance Companies (NAMIC) recognizes the key role played by the National Association of Insurance Commissioners (NAIC). Due to the significance of that role, NAMIC …
