Michigan’s top insurance regulator has taken a stance against a bill that would allow lawmakers to appropriate money for road projects from the state-created mechanism to reinsure unlimited medical benefits for auto accident victims under the state’s no-fault system. In …
The New York Supreme Court’s Appellate Division affirmed that a $5 million flood sub-limit in a builders risk policy that Zurich American Insurance issued to a New York property developer applies to the delay-in-completion losses by the flood peril after …
The omission of one word in a workers’ compensation court ruling favoring a co-op employee hurt during a company party led the Nebraska Supreme Court to reverse the ruling on July 10. The case stems from a 2010 cookout held …
Boston 2024, the group trying to bring the 2024 Olympics to Boston, released the most detailed look yet at its bid for the Summer Games on June 29, unveiling a $4.6 billion plan it says would create thousands of jobs …
Willis North America, a unit of Willis Group Holdings plc, has made a series of senior appointments to its business. Hiram Marrero has been appointed national partner of Willis’s South Region. He will be responsible for the firm’s operations in …
New Hampshire is now the 15th state to bar drivers from using hand-held cellphones while driving. The new “hands-free” law, in effect as of July 1, applies to all hand-held devices, including GPS units, tablets and laptops. Violators face a …
GEICO has continued the expansion of its new auto insurance product for drivers of transportation network companies (TNC) with the addition of Georgia. GEICO offers ridesharing coverage through GEICO Commercial for less than taxi and commercial rates. GEICO first introduced …
Jon Corzine and other former MF Global Holdings Ltd officials have reached a $64.5 million settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage’s 2011 bankruptcy. The preliminary all-cash settlement with Corzine, who …
More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge with a total reconstruction cost value estimated to be nearly $1.5 trillion, according to an annual report released by CoreLogic on June …
Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents. Terms of the settlement were not disclosed …
