Vermont’s former chief financial services regulator, Mike Pieciak, announced last Friday that he is running to be state treasurer. Pieciak made the announcement in Montpelier just days after stepping down from his post as commissioner of the Department of Financial …
Boston-based Safety Insurance Group, Inc. reported first quarter 2022 results showing net income of $7.8 million, compared to $36.2 million for the comparable 2021 period, as auto insurance claim frequency returned to pre-pandemic levels and inflation boosted repair costs. Direct …
A Massachusetts woman who signed a lump sum settlement with her workers’ compensation carrier over a right shoulder injury cannot later obtain benefits for a left shoulder injury linked to the same incident because she did not specifically mention the …
The New Jersey insurance commissioner does not have to rely upon the state’s attorney general to bring a lawsuit against out-of-state insurers and their affiliates that it believes are violating state laws. Rather, the insurance department can bring an administrative …
Attorneys for the New York Giants and Jets teams have asked the court to dismiss with prejudice the amended complaint from two fans upset that the franchises have New York in their name but actually play in MetLife Stadium in …
The New York Court of Appeals has nixed a $16.5 million jury verdict won by the estate of a woman who died from cancer that she claimed was caused from cosmetic talcum powder. The high court found that the woman’s …
The state’s insurance commissioner has approved an overall average decrease of 3.46% in workers’ compensation rates starting July 1, 2022 for Massachusetts businesses. Massachusetts businesses will save approximately $80 million under the settlement. The cut was negotiated after the industry’s …
Auto insurance carriers and independent agents in New York have launched a campaign to eliminate what they say is an outdated requirement for the state’s auto insurance buyers. The group wants lawmakers to let auto insurance companies waive the vehicle …
The Massachusetts Supreme Judicial Court, in the first state high court ruling on the question, has sided with an insurer and an insurance agency in finding that the Covid-19 losses claimed by three restaurants were not “direct physical loss of …
The Catholic Diocese of Camden, New Jersey, and the committee representing about 300 survivors of clergy sexual abuse have reached an $87.5 million settlement that will establish a trust to compensate the survivors. The trust will be funded by the …
