The Supreme Judicial Court in Massachusetts has ruled that post-judgment interest is not included in any enhanced damages in connection with damages that have already been awarded under the Massachusetts Consumer Protection Act. This comes after a Pennsylvania insurer and …
The Delaware Department of Insurance is investigating a security breach involving Summit Reinsurance Services Inc. (SummitRe) and BCS Financial Corp., both subcontractors of Highmark BlueCross BlueShield of Delaware. The department was made aware of the breach as a result of …
A Massachusetts appeals court used a recent case to warn auto insurers about the importance of taking retail book value into consideration early in the settlement process. While the court ruled in favor of defendant Massachusetts Homeland Insurance Co. in …
A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum. The general sense across the board during the financial experts …
The New Jersey Supreme Court has ruled in favor of Givaudan Fragrances Corporation (Fragrances) in a $500 million insurance coverage lawsuit against Aetna Casualty & Surety Company and additional insurers named as defendants. The move affirms that New Jersey policyholders …
Shortly after Woodrow Cross founded Cross Insurance out of his family’s home in Bangor, Maine, in 1954, he sold his first insurance policy for just seven dollars. More than 60 years and nearly 115 agency acquisitions later, with roughly 800 …
The New York Committee for Occupational Safety and Health (NYCOSH) found in its latest construction fatality report that construction worker deaths are rising in New York, and many construction employers across the state are consistently violating regulations and code requirements. …
A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum, held last week at the Waldorf-Astoria in New York. The …
The United States District Court for the Eastern District of Pennsylvania in December ruled that Evanston Insurance Co. is not obligated to defend Tri-Arc Financial Services Inc. in an underlying lawsuit because of an exclusion in its professional liability insurance …
New York State’s Department of Financial Services (DFS) in December issued a new regulation that prohibits insurance companies from denying commercial crime insurance coverage to New York businesses employing people with criminal convictions. The regulation, called Insurance Regulation 209, serves …
