Pennsylvania insurance regulators are encouraging homeowners to consider buying flood insurance before the start of spring, citing the higher risk of severe flooding during warmer months. Pennsylvania is one of the most flood-prone states in the nation and flooding can …
Sixteen people in Brooklyn, N.Y., have been arrested for their roles in allegedly staging auto accidents to fraudulently receive insurance payouts. New York State Attorney General Eric Schneiderman announced the arrests on Tuesday, March 6. He said the criminal conspiracy …
The Tri-State Transportation Campaign, a policy watchdog group based in New York, released its annual report listing the region’s most dangerous roads for pedestrians. The report analyzed federal data from 2008 to 2010. It found that overall, more than 1,200 …
Massachusetts insurance commissioner Joseph Murphy will hold a public hearing March 30 to examine a rate increase request from The Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB). The request, filed on March 1, calls for a 19.3 percent …
Mortgage foreclosure prevention specialists from New York State Department of Financial Services will visit a New York City neighborhood that has been hard-hit by a spate of home foreclosures. The prevention specialists and the department’s Mobile Command Center, a 36-foot …
Liberty Mutual Group reported $284 million in net profit for 2011 fourth quarter — down 50.7 percent compared to the same period one year ago. The insurer said the quarterly operating results were hurt especially by losses from Thailand floods. …
The New York State Workers’ Compensation Board is transitioning from a paper to an electronic employer report of injury system. The board will adopt the IAIABC (International Association of Industrial Accident Boards and Commissions) Claims Electronic Data Interchange (EDI) Standard …
AIG’s top executives struck an optimistic note as the insurer reported improved 2011 fourth-quarter profit results. CEO Robert Benmosche told analysts during a conference call following the earnings report last month that AIG is regaining its strength and is moving …
A new study says 51 percent of the insurance carriers recently surveyed expect to increase staff in the next 12 months. However, it’s not all good news: the survey also found that 19 percent of the carriers expect to reduce …
Hedge fund manager John Paulson — who holds an 8.4 percent stake in The Hartford and is the biggest stakeholder in the company — wants to split up the 202-year-old insurer, and he’s intensifying his effort. On Feb. 14, he …
