A former gunpowder plant owner imprisoned over a deadly 2010 explosion in New Hampshire has agreed to surrender some money to the federal government in a separate wire fraud case in Maine. Craig Sanborn, of Maidstone, Vermont, is serving a …
Having spent nearly three decades crusading for relaxed marijuana laws in Massachusetts, Bill Downing is greeting the state’s new recreational marijuana law with a mix of satisfaction and trepidation. The voter-approved measure took effect on Thursday, making it legal for …
Those in the business of selling used cars in the state of New York will need to comply with new surety bond requirements in the spring of 2017. The car dealer bond is part of the licensing criteria enforced by …
A Massachusetts company where a worker’s arm was inflated in an industrial accident has been cited by federal workplace safety regulators. The Occupational Safety and Health Administration on Wednesday says it’s recommending penalties of nearly $300,000 against Shield Packaging in …
Christmas is right around the corner, meaning that the time has come for the usual passel of lawsuits and threats of lawsuits, of bitter division over words and symbols — in short, of all the usual trimmings of the season. …
Novae Group plc, the specialist listed Lloyd’s insurer, announced the appointment of Helen Steadman as head of cargo. She reports to Darren Carr, head of marine. Steadman brings nearly a decade of cargo underwriting experience to Novae. She joins from …
The ongoing pressures of diminishing investment returns, dwindling loss reserves and intense competition are beginning to erode industry fundamentals, cautioned A.M. Best in a special report titled “Insurers Hunt for Diminishing Opportunities in a Market Laden with Challenges.” “There is …
Although small commercial insurance—outside of auto—is a top-line accelerator at The Hartford, auto insurance severity continues hitting the bottom line, say executives who expect a pretax $50 million prior-year reserve charge to impact fourth-quarter profits. During Goldman Sachs Financial Services …
Hackers targeted Turkish lender Akbank in a cyber attack on the SWIFT global money transfer system, the bank said, adding it faced a liability of up to $4 million from the incident but no customer information was compromised. It was …
Egyptian investigators found traces of explosives on victims of the crashed EgyptAir jet that went down over the Mediterranean seven months ago, in the clearest indication so far that terrorism may have caused the fatal incident. The findings have been …
