Most Massachusetts insurance agents who were appointed as exclusive representative producers (ERPs) under the state’s previous insurance regime have obtained voluntary contracts with insurers or have merged with other agencies as a result of the new, managed competition system, said …
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit rating on Berkshire Hathaway Inc. (BRK) to ‘AA+’ from ‘AAA’. S&P also lowered its financial strength ratings on BRK’s core insurance operations to ‘AA+’ from ‘AAA’. Concurrently, S&P removed …
February 7 — Super Bowl XLIV Sunday — may be the most hyped-up day of the year for football fans, and it’s also the most exciting day of the year for many pizza parlors that see record sales that day. …
Mississippi Gulf Coast policyholders are well aware a hurricane is guaranteed to hike insurance rates, but fewer realize their credit reports also are factored into homeowner and automobile insurance premiums. Consumers who have suffered financial setbacks because of the economy …
On a 2-1 vote, the U.S. Chemical Safety Board yesterday recommended that national fuel gas codes be changed to improve safety when gas pipes are being purged of air during maintenance or installation of new piping. The federal recommendations came …
Insurance giant Liberty Mutual Insurance is suing nine former employees and their new employer, Bermuda-based Aspen Insurance Holdings, alleging they have plotted to steal professional liability insurance business from its Liberty International Underwriters unit. The suit, filed Feb. 1 in …
Police say a serial arsonist is leaving behind playing cards and taunting notes for investigators at the scenes of a string of car fires in central Pennsylvania. Police in York County say a trail of playing cards have been left …
A Philadelphia man who staged a fake robbery and shot his own cousin as part of an elaborate conspiracy to help the cousin collect workers’ compensation insurance has pleaded guilty in Maryland to a single count of conspiracy to commit …
A proposal to allow motorcyclists to go helmet-free in Nebraska crashed amid insurance worries on Feb. 3, but may recover while state lawmakers are still in session. After a proposal that all motorcyclists need to carry more insurance turned out …
Billionaire booster T. Boone Pickens and the fundraising arm of Oklahoma State’s athletic department are suing a life insurance company over a program aimed at bringing in millions of dollars, the university announced. Oklahoma State said it hoped to recover …
