In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not illegal. The ruling …
Free-market advocates and some agents applauded last year when Massachusetts Insurance Commissioner Nonnie S. Burnes quickly moved to deregulate the Bay State’s backwards-but-long-established system of personal auto insurance. That move, which took effect April 1, included two fundamental changes: the …
In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not illegal. The ruling …
New York Governor David Paterson has signed into law industry-sought legislation that brings back flex rating for auto insurance and makes permanent New York’s homeowners insurer of last resort. The flex-rating legislation — which had been sought by agents and …
In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not illegal. The ruling …
Trade groups for New York insurers and agents alike are praising a recently passed bill by state lawmakers that will allow auto insurers to raise or lower their rates by 5 percent over the course of a year without first …
New Jersey lawmakers have approved a number of major changes to the Garden State’s workers’ compensation insurance system. The reforms comprise a package of six bills passed earlier this week by the Assembly and Senate that, among other things, more …
Lawyers for a Connecticut psychiatrist who was sued for malpractice should have revealed to her doctor co-defendant a secret settlement that hinged on the outcome of the trial, the state’s Supreme Court ruled. The case centered on the death of …
Lawyers for a Connecticut psychiatrist who was sued for malpractice in the death of a 17-year-old girl should have revealed to her doctor co-defendant a secret settlement with a payout that hinged on the outcome of the trial, the state’s …
CRM Holdings, which had been a major third party administrator for self-insured workers’ compensation trusts in New York, will surrender its trust license by the end of the summer as part of a settlement reached with state regulators. The settlement …
