Kay Johnson’s western Massachusetts Big Brothers Big Sisters agency has never been hit with a claim of child sexual abuse. Yet its cost for insurance to cover such claims has more than tripled in the past year, forcing Johnson to …
The homes are among the most desirable on the East Coast. Their wealthy owners have maintenance staffs and landscapers to keep the properties in shape. They install the latest fire prevention and security features and, as one agent says, they …
Pennsylvania lawmakers have taken a major step toward clarifying how insurer insolvencies should be handled in passing a bill, which if applied in the liquidation of Reliance Insurance Co., promises to save the state’s guaranty fund and ultimately Pennsylvania consumers …
Fire marshals across the nation scurried to review inspections of nightclubs after sparks from a rock band’s pyrotechnics set fire to a Rhode Island club, killing 100 people and injuring scores of others a year ago. At least 15 states …
While most attention has been focused on reforming this state’s private passenger auto insurance residual market, progress is slowly being made in another area agents say is critical: the commercial auto residual market. By Jan. 1, 2005, agents and some …
The Property Casualty Insurers Association of America, the American Insurance Association and other professional groups have lauded a decision by New Jersey Supreme Court ordering reversal of an appellate court decision and upholding a state law that bars the right …
As the lawsuit over the amount of the recovery from destruction of World Trade Center’s twin towers plays out in Judge Michael Mukasey’s federal courtroom, Standard & Poor’s came up with another kind of verdict. The rating agency doesn’t anticipate …
A recent report issued by the Maryland Insurance Administration (MIA) on the use of credit-based insurance scoring found no basis for any conclusion that credit history is skewed toward ethnic minorities or low-income individuals. The study actually indicates that there …
The New York Senate’s Standing Committee on Insurance, chaired by James L. Seward, R-District 51, held hearings last month regarding growing concerns about insurance fraud, particularly staged accidents, that abuse the state’s no-fault auto insurance system. As summarized in a …
The MONY Group Inc. postponed the shareholder meeting that was to vote on a merger with French insurance company AXA, after a Delaware court decided that the company must explain the deal better to shareholders. The special meeting to vote …
