By now, it’s clear that the billionaire hedge fund manager John Paulson is not shy of letting his feelings be heard, especially when it comes to under-performing stocks. For the past couple of months, his target was The Hartford Financial …
Recent reports that some employers are asking job applicants for access to their social networks during the hiring process have raised questions about the legal liability of such practice. This growing controversy is also at the center of proposed legislation …
Rhode Island-based business property insurer FM Global said Monday it had a net loss of $41.5 million for 2011 — a stark contrast to $686.6 million profit the insurer had in 2010. FM Global, which was one of the last …
A New York court sided with a law school in a case that alleged that the school misled its students about post-graduate employment prospects. The Supreme Court of the State of New York dismissed last week a lawsuit brought by …
Washington Mutual Inc. recently filed a lawsuit against a dozen insurance companies that had provided directors’ and officers’ coverage. The troubled bank holding company that just completed its Chapter 11 restructuring process says its insurers improperly denied D&O claims. Insurers …
As winter turns to spring, Vermont officials are warning local homeowners about awakening bears. The Vermont Fish & Wildlife Department says it is receiving reports of black bears emerging from their winter dens and looking for food. The officials are …
A New Hampshire woman pleaded guilty this month to filing a fraudulent claim on her renter’s policy. The suspicious claim was made in 2009 and was subsequently investigated by the New Hampshire insurance department’s fraud unit. State authorities said Tammiann …
New York lawmakers want to slam the brakes on the auto insurance fraud. On Thursday, the state’s Senate passed three bills to fight auto insurance fraud. These measures will now move to the state Assembly for consideration. According to the …
New York State’s top financial regulator is urging the Republican majority in the state’s Senate to help establish the health insurance exchange. Gov. Andrew Cuomo and the Democrat-controlled Assembly, along with some moderates and Democrats in the Senate had a …
The law giving the Pennsylvania Insurance Department authority to review and disapprove rate increases in the small group health insurance market took effect on Wednesday. The law, Act 134, was signed into law by Governor Tom Corbett late last year. …
