New York City investigators say public housing maintenance workers ignored safety checks and covered it up. The Department of Investigation said in a report Tuesday that it re-inspected 240 apartments at five developments recently visited by maintenance workers. Over half …
Delaware Insurance Commissioner Karen Weldin Stewart is encouraging Delaware residents to take action now to prepare for potential damages and interruptions from Hurricane Matthew. Although it is too early to predict the long-term track of the storm, residents are encouraged …
A Pennsylvania chain of nursing homes has agreed to pay $2 million to settle claims of failing to provide basic services to their customers. Attorney General Bruce Beemer announced the settlement with Reliant Senior Care Holdings on Tuesday. The company …
The threat of Hurricane Matthew has forced a cruise ship to reroute its trip and a sold-out island festival to be rescheduled in the Mid-Atlantic region. The Chincoteague Chamber of Commerce said in a news release Tuesday that Saturday’s Chincoteague …
World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., has appointed Howard Margolies as principal, senior vice president and head of the benefits division. This comes after World Insurance Associates recently entered the employee benefits business …
San Francisco, Calif.-based CAL Insurance & Associates Inc. has named Stafford Jacobs III assistant vice president, and property/casualty insurance advisor. Jacobs has nearly 20 years of experience. He previously was a broker, account manager and spent time on the carrier …
Berkshire Hathaway Specialty Insurance Co. (BHSI) has received a license to provide insurance and reinsurance in Macau and filled key positions in its newly established Macau office. “It is a very interesting time in Macau, with continued diversification of the …
NN Group NV, the largest Dutch insurer by market capitalization, has launched an unsolicited offer to buy smaller rival Delta Lloyd NV for 2.4 billion euros ($2.7 billion) in cash. NN Group said on Wednesday it was offering to pay …
NN Group NV and Sompo Holdings Inc.’s approaches for smaller competitors may herald a wave of mergers and acquisitions in an insurance industry that’s struggling with low interest rates and increased regulation. Japan’s Sompo agreed to buy Bermuda-based Endurance Specialty …
Maurice “Hank” Greenberg told a judge that he was just too busy to commit fraud. After 4 1/2 days of intense questioning by a government lawyer, Greenberg finally got to elaborate on his defense to civil fraud allegations through friendly …
