The insurer of a trucking company whose tanker leaked sticky black goo onto the Pennsylvania Turnpike in November says in court filings that its $1 million policy likely won’t be enough to cover roughly 1,000 claims for damaged vehicles. The …
Vermont Mutual Insurance Company, based in Montpelier, Vt., recently appointed industry veteran Donald Rung as property risk control manager. Rung has more than 33 years of loss control experience in the insurance industry in New England and nationally. He has …
The holiday season is an ideal time to review homeowner insurance policies and take steps to prevent holiday mishaps or tragedies, Pennsylvania Insurance Commissioner Mike Consedine said this month. “Insurance companies see claims spike during this time of year, so …
Barclays Corporate appointed Karla Maloof as New York-based head of insurance for North America. In her new role, she will be responsible for developing and leading the regional strategy for the insurance sector. She will report to Carl Boulton, head …
Erie County will pay $7 million to settle a lawsuit filed by a woman who suffered brain damage after she nearly drowned in a public pool two years ago. The Buffalo News reported on Wednesday that the payment will settle …
Allstate Insurance Company is seeking to recover $6.3 million against 83 New York area defendants in its seventh insurance fraud lawsuit of 2011. The complaint, filed under the Racketeer Influenced and Corrupt Organizations Act (“RICO”) and principles of common law, …
Connecticut Insurance Commissioner Thomas Leonardi announced this week that the Connecticut’s insurance department entered into its third cooperative agreement with a European financial regulator — the second in the last three months — to allow for closer supervision of a …
The American Tort Reform Association (ATRA) recently released its annual report on “judicial hellholes.” It’s a list of jurisdictions that ATRA sees as having unfair, out-of-balance civil justice systems that attract plaintiffs from across the country. But there are many …
Enforcement by the state attorney general against securities fraud doesn’t pre-empt private common-law claims of negligence against investment companies, New York’s top court ruled Tuesday. The Court of Appeals rejected J.P. Morgan Investment Management’s argument that New York’s Martin Act …
The federal government has approved $420 million in disaster aid for Pennsylvanians hit by the one-two punch of Hurricane Irene and Tropical Storm Lee. Updated figures from federal and state emergency management officials say more than 94,000 people registered for …
