September 22, 2011
Global insurance broker Marsh held a webcast on Sept. 21, where the firm’s analysts shared their views on the current business environment including the effects of Hurricane Irene and other catastrophes. The broker also offered an array of advice for …
September 22, 2011
The Massachusetts Supreme Judicial Court ruled that charging filing fees to residents appealing traffic tickets does not violate equal protection. The Sept. 21 decision affirms the lower court’s ruling. The court said it is upholding filing fees for appealing traffic …
September 20, 2011
C. V. Starr & Co. Inc. Chairman and CEO Maurice “Hank” Greenberg is scheduled to host a fundraising event in New York on Tuesday, Sept. 20, for Texas Gov. Rick Perry. Perry is one of the leading Republican Party candidates …
September 19, 2011
Business property insurer FM Global said Vice Chairman Ruud Bosman will retire in November after 40 years with the company. Upon Bosman’s retirement, several planned leadership changes will take place at FM Global. Jonathan Hall and Thomas Lawson, both executive …
September 19, 2011
The Virginia Supreme Court has ruled in favor of an insurance company in a closely watched legal case involving global warming. The high court ruled that Steadfast Insurance Co., which provided commercial general liability (CGL) coverage for energy company AES …
September 19, 2011
New York and New Jersey regulators said recently that hurricane deductibles should not apply on homeowners’ insurance policies for Irene damages in their states. That’s because Irene was downgraded and designated as a tropical storm, not a hurricane, when it …
September 19, 2011
New York chiropractors don’t like the new medical treatment guidelines adopted last December by the New York State Workers’ Compensation Board. These changes focus on the treatment for the mid- and low-back, neck, shoulder and knees. The state’s main chiropractic …
September 16, 2011
The Hilb Group, a Glen Allen, Va.-based holding company that focuses on acquiring mid-market agencies, has purchased Venture Specialty Insurance. The Richmond, Va.-based Venture Specialty is an all-lines agency with two niche products offering coverage for transportation and cosmetic surgeries. …
September 16, 2011
A Pennsylvania court has ruled that an exclusion in underinsured motorist coverage for injuries incurred while on a motorcycle applies to motorcyclists injured after being thrown off their bikes. An underinsured motorist coverage from Allstate contained an exclusion for injuries …
September 15, 2011
Lloyd’s of London’s Syndicate 3500 filed a federal lawsuit against Saudi Arabia, several Saudi charity and financial organizations and prominent Saudi individuals over 9/11 terror attacks. The insurer said Saudi defendants bear primary responsibility for the attacks and should be …