The Pennsylvania Supreme Court unanimously affirmed a decision by the state’s Superior Court that although ill-will or malice is one factor that can be used to assess insurer bad faith, it is not a prerequisite for policyholders to prevail in …
A.M. Best has revised its outlook to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” for Harrisburg, Pa.-based Eastern Atlantic Insurance Co. (EAIC). The revised outlooks are due …
As homeowners file insurance claims in the wake of Hurricanes Harvey and Irma, many could find their level of protection depends on the state where their damaged home is located, according to a research report released by the Rutgers Center …
As homeowners continue to file insurance claims in the wake of Hurricanes Harvey and Irma, a research report released by the Rutgers Center for Risk and Responsibility at the Rutgers Law School in Camden, N.J., suggests many could find that …
A student permanently disabled by a tick bite while on a school field trip in China is entitled to $41.7 million in damages, according to the Connecticut Supreme Court’s August ruling in support of a jury’s earlier decision in the …
New York Bus Operators Compensation Trust (NYBOCT), a Bay Shore, N.Y.-based group self-insured trust created by a number of New York passenger bus companies, has filed a complaint against Arthur J. Gallagher & Co., Gallagher Bassett Services Inc. and Risk …
A.M. Best has revised its outlook to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” for Harrisburg, Penn.-based Eastern Atlantic Insurance Company (EAIC). The revised outlooks are due …
The Independent Insurance Agents of Virginia (IIAV) is motivated to “redouble its efforts” around hurricane preparedness, particularly as it relates to flood damage, since following Hurricane Harvey’s impact in Texas, according to President and CEO Robert Bradshaw in an emailed …
The Connecticut Supreme Court in August supported a jury’s decision to award $41.7 million in damages to a student permanently disabled by a tick bite while on a school field trip in China, stating that schools in Connecticut are obligated …
The board of directors of Beacon Mutual Insurance Company, a Warwick, R.I.-based workers’ compensation carrier, has elected Brian Spero as president and CEO of the company, effective in July. Beacon’s board worked with a national consulting firm, The Hay Group, …
