Nationwide is brushing off Liberty Mutual’s allegation that Nationwide’s pending acquisition of Harleysville Mutual would unfairly benefit subsidiary Harleysville Group’s stock shareholders at the expense of Harleysville Mutual policyholders. In particular, Liberty Mutual noted in its comment letter to the …
Citigroup Inc. was sued for fraud by Loreley Financing over nearly $1 billion worth of collateralized debt obligations purchased in 2006 and 2007. Citigroup is accused of defrauding Loreley into purchasing “fraudulent investments that are now worthless,” Loreley said in …
A new program lets uninsured New York City artists exchange their art for medical services. Tony-Award winning actor Lin-Manuel Miranda and rapper and radio personality Roxanne Shante helped launch the “Lincoln Art Exchange” at Lincoln Hospital in the Bronx on …
Delaware Insurance Commissioner Karen Weldin Stewart expressed concern for soon-to-retire Baby Boomers (those born between 1946 and 1964), many of whom will face the uncertain prospect of finding alternative health insurance coverage until they reach the age of 65 when …
June Tierney and Kellie Burke never envisioned island living in the Vermont woods, but Tropical Storm Irene had other ideas. Their home, a two-story, natural-sided saltbox, was a rural idyll on a wooded 10-acre lot off a dirt road, with …
New Jersey is preparing to use facial-recognition technology to scan 18 million photographs for signs of driver’s license fraud. Photos that are flagged as suspicious will be reviewed before that person can renew their license. MVC inspectors will examine whether …
A former northwestern Pennsylvania cardiologist says in a lawsuit a hospital improperly paid doctors who performed unnecessary procedures on patients, including two who died. The suit filed this month by Dr. Tullio Emanuele also says doctors at a cardiology practice …
Two American International Group units — Chartis U.S. Accident and Health, and American General Life Companies — are planning to merge their group benefits businesses into a single, unified organization. The consolidated unit will market insurance and benefits products for …
Former Red Sox catcher Doug Mirabelli has earned another victory, this time off the field. An arbitration panel ruled on Jan. 13 that Merrill Lynch must repay Mirabelli more than $1.2 million in damages and fees for providing inappropriate investment …
New York, Pennsylvania, Vermont and New Jersey are among the eight states nationwide that will share in $400 million in new federal emergency aid announced by the U.S. Department of Housing and Urban Development last Friday. These funds will go …
