Rhode Island Gov. Lincoln Chafee on Tuesday signed into law legislation designed to provide additional protection to homeowners when they suffer damages from hurricanes. The legislation (House bill 2012-H7484A and Senate bill 2012-S2597A) also includes additional consumer protections for the …
An insurance company has paid the city of Woonsocket, R.I., $200,000, which covers about half the money the city says it lost to embezzlement. City Finance Director Thomas Bruce III tells the Woonsocket Call the city filed the claim with …
Boston-headquartered Liberty Mutual Insurance has appointed Brian Dunham as senior vice president and chief actuary of its group benefits operation.Prior to joining Liberty Mutual, Dunham was responsible for the pricing and financial management of Unum’s large case group life and …
The Injured Workers’ Insurance Fund (IWIF), Maryland’s state-run workers’ comp insurance carrier, will become a private, nonprofit company under a new name Chesapeake Employers’ Insurance, effective Oct. 1, 2013. The conversion is mandated by legislation (SB 745, the IWIF Conversion …
The state of Vermont is honoring several companies for their commitment to safety in the workplace. The Ben & Jerry’s plant in St. Albans and the H.P. Hood plant in Barre have won awards in the large business category. Chroma …
The Wharton School at the University of Pennsylvania said this week it has established a new Wharton/Penn Risk and Insurance Program (WPRIP). The program’s goal is to promote and disseminate cutting-edge research on risk and insurance at the University of …
A Pittsburgh-area doctor who specialized in pain management faces a lengthy federal prison sentence after pleading guilty to prescribing unnecessary painkillers and defrauding insurance carriers in the process. Forty-year-old Oliver Herndon, of McMurray, left a courtroom without commenting Tuesday. His …
Massachusetts officials said that insurers so far paid out $200 million in claims related to devastating tornadoes in western and central Massachusetts that occurred on June 1, 2011. The Massachusetts Insurance Division said in its new report that the top …
The FBI said it has arrested 10 more people as part of its months-long investigation into allegations that hundreds of Long Island Rail Road employees faked disabilities so they could enjoy more lucrative pensions. Six people were arrested Tuesday morning …
Country singer Alan Jackson has raised more than $150,000 to help a Virginia county rebuild schools damaged by last year’s earthquake.A benefit concert by Jackson drew 6,000 people to Louisa County on Sunday, May 20. Jackson performed in the parking …
