Maryland is appealing the federal government’s denial of disaster aid to help the state and Baltimore recover millions of dollars in riot-related costs. The Federal Emergency Management Agency denied Maryland’s request for a major disaster declaration last month, saying aid …
Vermont regulators recently issued a bulletin addressing the issue of price optimization in personal lines ratemaking, warning insurers that adjustments to rates may not be based on non-risk-related factors. The Vermont Department of Financial Regulation (DFR) Insurance Bulletin No. 186 …
The Massachusetts Department of Industrial Accidents (DIA) reduced the assessment that private employers pay to the state on workers’ compensation policies to 5.75 percent of the policy premium for the new fiscal year, down from 5.8 percent during the last …
Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents. Terms of the settlement were not disclosed …
Jon Corzine and other former MF Global Holdings Ltd officials have reached a $64.5 million settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage’s 2011 bankruptcy. The preliminary all-cash settlement with Corzine, who …
New Hampshire is now the 15th state to bar drivers from using hand-held cellphones while driving. The new “hands-free” law, in effect as of July 1, applies to all hand-held devices, including GPS units, tablets and laptops. Violators face a …
Boston 2024, the group trying to bring the 2024 Olympics to Boston, released the most detailed look yet at its bid for the Summer Games on June 29, unveiling a $4.6 billion plan it says would create thousands of jobs …
The New York Supreme Court’s Appellate Division affirmed that a $5 million flood sub-limit in a builders risk policy that Zurich American Insurance issued to a New York property developer applies to the delay-in-completion losses by the flood peril after …
Liberty Mutual Insurance promoted Jamie Trish to president of its Northeast Business Insurance operations. Trish will be responsible for the profitable growth of business in the region that includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island …
Commercial insurance rates have barely budged at all over the last four months, according to the MarketScout report for June. Only the business interruption line saw rates go down in June from the previous month and those were only down …
