May 24, 2010
The Princeton NJ-based Catastrophe Risk Exchange (CATEX) and London-based TriSystems, both providers of technology platform and services to the global insurance and reinsurance industries, announced a strategic partnership “to deliver a full end-to-end solution for bordereau formatting, processing and reporting. …
May 24, 2010
A former executive at Rhode Island’s dominant workers’ compensation insurer was acquitted Friday on a charge that he deceived state regulators about companies that were receiving discounted premiums. Superior Court Judge Edwin Gale acquitted David Clark, a former vice president …
May 24, 2010
The U.S. Justice Department has dropped a probe of American International Group Inc. executives involving the credit default swaps that sent the insurer to the brink of bankruptcy and forced a huge taxpayer bailout, lawyers for the executives said Saturday. …
May 24, 2010
IronHealth, the specialty healthcare division of Ironshore Inc., has introduced a Physician Group Practice liability product, offering coverage for groups of 10 or more physicians,including the entity and its ancillary staff. IronHealth’s newest initiative combines broad professional liability coverage with …
May 24, 2010
BP sharply reduced its estimate on Monday of how much oil it is siphoning off from a ruptured well in the Gulf of Mexico as Washington kept the pressure on the energy giant over the environmental debacle. British-based BP said …
May 24, 2010
Anger grew along the Gulf Coast as an ooze of oil washed into delicate coastal wetlands in Louisiana, with many wondering how to clean up the monthlong mess – especially now that BP’s latest try to plug the blown-out well …
May 24, 2010
The U.S. government will move aside BP from the operation to try to halt the Gulf of Mexico oil spill if it decides the company is not performing as required in its response to the well leak, U.S. Interior Secretary …
May 24, 2010
Three executives of a now-defunct California nonprofit that provided job training for young people knowingly placed dozens of teenagers in jobs that exposed them to asbestos, prosecutors say. The nonprofit Firm Build sent teens to remove asbestos from an old …
May 24, 2010
Residents and businesses in a northeast Iowa town can sue the state for flood damage caused by a highway project, the Iowa Supreme Court ruled last Friday. The court overturned district court and appeals court decisions dismissing the lawsuit filed …
May 24, 2010
New Hampshire-based Masiello Insurance Agency Inc. has opened a Seacoast office in the Granite State. The Hampton office, which serves both southern Maine and eastern New Hampshire, is operated by Joe Frechette — a former state legislator — and Jamie …