QE [quantative easing], European Central Bank style, passed the markets test but will have a harder time doing as well for the euro zone economy or the currency union project. Mario Draghi’s plan to buy €60 billion [$67.5 billion] a …
AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. PartnerRe shareholders will own 51.6 percent of the new company after …
The now infamous computer hacks infuriated consumers who had personal information compromised and Hollywood honchos who had embarrassing emails made public. But headline-grabbing computer intrusions are only a fraction of what is going on in the Wild West of cybercrime. …
Insurance industry associations say Massachusetts’ newly developed rideshare regulations are vague and woefully deficient in addressing the insurance concerns. The regulations, crafted by Massachusetts Department of Transportation (MassDOT), were published in the Massachusetts Register on Jan. 16, according to the …
Erie Insurance in Erie, Pennsylvania, held a ribbon-cutting ceremony on Jan. 14 for the company’s new Technical Learning Center — a hands-on claims training facility that features 14 vehicle bays, a three-story model home made from 400 different building materials, …
Is being robbed at gunpoint in a Pennsylvania state liquor store an “abnormal working condition” or not? Since 2008, Gregory Kochanowicz has claimed it is, and now that the Commonwealth Court agrees, he’s due to receive $727 in weekly workers’ …
New York’s data security law is weak and should be overhauled to require businesses to protect the personal information of consumers and employees, the state’s top law enforcement official said. New York Attorney General Eric Schneiderman said on Jan. 14 …
More than two years after Superstorm Sandy hit the Jersey Shore, many residents remain angry and frustrated at the pace of recovery. During a Jan. 6 public hearing in Toms River, New Jersey, on the state’s plans to use the …
The New York Insurance Association (NYIA) is urging the New York state government to stop its practice of diverting assessments levied on New York-domiciled insurers to fund non-insurance programs and operations. NYIA said this month marks the five years since …
Pennsylvania’s Democratic Gov. Tom Wolf has appointed Teresa Miller to be the state’s insurance commissioner in his administration. Miller is an attorney and former administrator of Oregon Insurance Division. She succeeds Michael Consedine, who has been leading the Pennsylvania Insurance …
