Insurance brokers who sold allegedly illegal workers’ compensation products from Berkshire Hathaway affiliates involved in legal and regulatory troubles in New York and California could end up being strapped with liability issues that may not be covered by their professional …
New York Governor Andrew Cuomo has identified the incident where a bomb went off from inside a dumpster in New York’s Chelsea neighborhood, injuring 29 people, as an act of terrorism. “I said yesterday I believed it was an act …
A suspect has been taken into custody in connection with a bomb that went off from inside a dumpster in New York’s Chelsea neighborhood, injuring 29 people. Mayor Chris Bollwage of Elizabeth, New Jersey, said Ahmad Khan Rahami was taken …
The Massachusetts Appeals Court has ruled that Massachusetts law should apply in deciding whether Narragansett Electric Co. (NEC), a Rhode Island-based utilities provider, is entitled to insurance coverage for environmental contamination at several of its sites. The August 31 decision …
New Jersey has joined several other U.S. states in deciding that if a subcontractor’s defective work damages parts of a general contractor’s project, the damages are covered under the general contractor’s standard commercial general liability (CGL) policy. The New Jersey …
The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to protect New York state’s financial services industry from an increasing risk of cyber attacks, Governor Andrew Cuomo announced. The proposed …
New York City-based Breakaway Courier Corp. has filed a lawsuit against Omaha, Neb.-based Berkshire Hathaway Inc. for an alleged illegal scheme to steal workers’ compensation premiums. A complaint against Berkshire Hathaway was filed with the state supreme court in Manhattan …
The Massachusetts Appeals Court has ruled that Massachusetts law should apply in deciding whether Narragansett Electric Co. (NEC), a Rhode Island-based utilities provider, is entitled to insurance coverage for environmental contamination at several of its sites. The August 31 decision …
Maine Bureau of Insurance Superintendent Eric Cioppa has denied Progressive’s request to raise auto insurance rates for new customers above the age of 65. Cioppa stated in the August 10 ruling that the move would have affected more than 65,000 …
Over the past several months, the Northeastern U.S. has experienced abnormally dry conditions leading to a drought that could last into the fall. Now, it is facing a different problem with the looming risk of heavy rain and wind from …
