Businesses hired to remove snow from town roads do not owe a general duty of care to people who ride on them, the Maine Supreme Judicial Court has ruled. In denying the appeal of a man whose wife was killed …
About seven months ago, Gov. Charlie Crist signed legislation he said would lower property insurance premiums. It hasn’t quite turned out that way. State officials had promised rates would drop about 25 percent on average because the new law allows …
A device using a flashing light and a shrill alarm is being tested on a stretch of road near Fort Dix, N.J., to see whether it can deter deer. The devices, installed by Mount Laurel company JAFA Technologies Inc., are …
The California Department of Insurance has announced it has approved GEICO’s 10.8 percent rate reduction in personal auto insurance policies. The reduction should translate into $65.8 million in overall savings for GEICO customers. Commissioner Steve Poizner also recognized GEICO’s early …
Southern governors and insurance executives met late last month in Biloxi, Miss., about the challenges of keeping insurance coverage in coastal areas that are vulnerable to hurricanes, but they reached no consensus on how to best solve the complex problem. …
The New York State Insurance Department said that it expects all insurance companies in the state to participate in an exercise this month to evaluate the readiness of the nation’s financial services to survive a pandemic flu outbreak. “There has …
Some California insurers are asking the Legislature to reconsider a proposal that they say will dramatically boost workers’ compensation temporary disability payments to injured workers. The American Insurance Association (AIA) submitted comments to the California Department of Insurance (CDI) on …
Catastrophe modeling pioneer and founder of the firm AIR, Karen Clark, has formed a new firm –Karen Clark & Co. — to help companies better use catastrophe models. The Boston firm will offer consulting services, independent reviews of company internal …
Suspended Pennsylvania Superior Court Judge Michael T. Joyce pleaded not guilty to federal charges of mail fraud and money laundering and withdrew his name from the ballot for re-election. His decision to retire came after a grand jury indicted him …
The California Supreme Court has ruled that incentive compensation plans, calculated on profits, can subtract out costs for workers’ compensation costs from profits, even if it discourages employees from reporting workplace injuries. In Eddy Korkiat Prachasaisoradej v. Ralphs Grocery Co. …
