The New Jersey Department of Banking and Insurance has approved a captive insurer formed by the Deborah Heart and Lung Center of Browns Mills, New Jersey. The Department’s Acting Commissioner Richard J. Badolato announced the approval on Jan. 6. The …
A recently released report shows that damage estimates from the natural disaster events that occurred in the United States in December 2015 will amount to more than $4 billion. Aon Benfield’s catastrophe model development team, Impact Forecasting, Global Catastrophe Recap …
The Texas Windstorm Insurance Association has submitted new mandatory endorsements for its dwelling and commercial insurance policies to the Texas Department of Insurance for approval. The endorsements add storm doors to the list of items in the “Property Not Covered” …
Federal prosecutors in Chicago have indicted the chairman of the McLean County Board for defrauding State Farm and a consulting firm of more than $400,000 in unearned consulting fees. Matt Sorensen and co-defendant Navdeep Arora are accused of billing clients …
Massachusetts consumers and businesses are expected to pay more for health insurance in 2016. Blue Cross Blue Shield of Massachusetts, the state’s biggest commercial insurer, is raising premiums an average of 5 percent. Tufts Health Plan’s rates are set to …
New York authorities announced that a Rochester, New York, couple has been charged with defrauding their Rochester insurance agency clients. Gary Gubiotti and Bonnie Gubiotti, both 67, are accused of stealing more than $150,000 from clients by falsely inflating insurance …
Union Mutual of Vermont Companies announced that Jennifer P. Galfetti, Lisa L. Keysar, Gary H. Ouellette and Schuyler M. Ryan were recently promoted.
A pet toy company that designed a line of products after the “Angry Birds” video game characters has settled a lawsuit brought by a Seattle, Wash. artist. The artist, Juli Adams, said she came up with the idea for “Angry …
An early morning earthquake with a preliminary magnitude of 4.5 shook the inland region of Southern California, according to the U.S. Geological Survey. The USGS says the quake occurred at 6:42 a.m. Wednesday and was centered 2 miles north of …
Chipotle has been served with a federal subpoena as part of a criminal investigation tied to a norovirus outbreak at one of its restaurants in California. The investigation is being conducted by the U.S. Attorney’s Office for the Central District …
