The Hartford Financial Services Group said Wednesday its 2014 second quarter net loss widened to $467 million, compared to a net loss of $190 million during last year’s second quarter. The results were hit by $617 million of loss on …
Donegal Group Inc. in Marietta, Pennsylvania, today reported $1.94 million net income for its 2014 second quarter, a decline of 26 percent from $2.63 million net income posted during the 2013 second quarter. The insurer said its second quarter earnings …
A former manager at a New York supermarket is due workers’ compensation benefits for his preexisting post-traumatic stress disorder condition, which was exacerbated during his employment because of threatening conduct by a co-worker’s husband, a New York appellate court ruled. …
A New Jersey appeals court recently affirmed that a worker was bound by a contractual provision, contained in an employment application, which shortened the two-year statute of limitations for filing claims against his employer to six months. The appeals court …
The Massachusetts Association of Insurance Agents (MAIA) is pushing a bill, S-465, that would require the Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the Massachusetts FAIR Plan, to have liability coverage included in its Non-Owner Occupied Dwelling policy …
The Massachusetts Property Insurance Underwriting Association (“FAIR Plan”) said its board of directors will meet next week to decide whether to file an appeal to challenge Insurance Commissioner Joseph G. Murphy’s decision to reject a rate increase request. The state-created …
Liberty Mutual Holding Co. Inc. reported $272 million net profit for its 2014 first quarter, a decline of $46 million or 14.5 percent from $318 million net profit reported during the same period in 2013. The Boston-based insurer saw higher …
Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status. Vermont regulators said this latest modification reflects the state’s ongoing effort to introduce new prudent legislation for the captive industry. …
Massachusetts Division of Insurance’s last data call showed that the vast majority of insurance claims stemming from the Boston marathon bombing tragedy have been resolved. The data also revealed that among the 160 commercial property and business interruption claims made …
Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status. Vermont regulators said this latest modification reflects the state’s ongoing effort to introduce new prudent legislation for the captive industry. …
