The Massachusetts Division of Insurance is undertaking a detailed examination of executive compensation at insurance carriers domiciled in the state.The regulators said last week they have sent letters to some 88 insurers, requesting information on how the companies determine compensations. …
ProAssurance Corporation, a Birmingham, Ala.-headquartered medical liability insurer, said it is acquiring Medmarc Insurance Group. Medmarc, based in Chantilly, Virginia, specializes in products liability insurance for medical technology and life sciences companies. Under the deal, Medmarc will become part of …
A skier says a Vermont ski resort is at fault for his injuries. Alfred Rocks of Egg Harbor, N.J., sued Killington Ski Area, saying it failed to maintain a trail in a “reasonably safe condition” when Rocks suffered leg fractures …
State officials say Massachusetts residents and small employers will benefit from $56.8 million in health insurance rebates.Insurance commissioner Joseph Murphy said on Tuesday that the rebates, from five of the state’s largest insurers, will be delivered to some 50,000 individual …
ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Teresa Black as senior vice president of distribution management. Black returns to ACE in this new role, and will work collaboratively with ACE USA’s regional teams across …
A fatal boat crash off Long Island, New York, is prompting a safety initiative.The Coast Guard and local law enforcers are part of the renewed effort to target unsafe conditions for boaters and residents off the coast of Long Island …
More than 73,000 Dominion Virginia Power customers in the Richmond area remain without electricity following a powerful storm that blew over trees, damaged buildings and downed power lines. Media outlets report that the damage included at least three skyboxes and …
A New Jersey woman who was struck in the face with a baseball at a Little League game is suing the young catcher who threw it. Elizabeth Lloyd is seeking more than $150,000 in damages to cover medical costs stemming …
Vermont Gov. Peter Shumlin said the state’s request for a federal disaster declaration following damage caused by heavy rains, winds and flash flooding from May 29 has been approved by President Barack Obama.The declaration will provide financial assistance to communities …
Rutherfoord, a Marsh & McLennan Agency LLC (MMA) company, appointed Guy Morrison, a 20-year veteran of the employee benefits industry, as executive vice president of employee benefits.In this newly created position, Morrison will oversee the development and strategic execution across …
