The MEMIC Group, the Portland, Maine, headquartered workers’ compensation insurer, has announced the retirement of its founding President and CEO, John T. Leonard, effective September of 2017. Leonard serves as the first and only president and CEO in the history …
The U.S. Supreme Court on Wednesday agreed to decide whether to limit where patent lawsuits may be filed, potentially threatening a years-long trend that critics say allows frequent and often-baseless litigants to sue in courts friendly to them. The justices …
The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) issued an interim final rule (IFR) revising pipeline safety regulations to address safety issues related to underground natural gas storage facilities. The IFR followed recommendations by a U.S. interagency task force …
Allstate Insurance Co., the nation’s largest publicly-held personal lines insurer, is continuing its drive into new technology, agreeing to a multi-year research project with the Intelligent Systems Laboratory at Stanford University (SISL). The scope of the research encompasses machine learning, …
XL Catlin’s insurance operations announced it has enhanced the wording of its all-in-one solution for collectors, arts and jewelry professionals, called Mosaic. The Mosaic coverage, which is available in France, Italy, Belgium, Switzerland and Spain, now includes a number of …
RenaissanceRe Holdings said that its chief investment officer and treasurer will be leaving the Bermuda-based reinsurer in the 2017 first quarter. Two people will take over his responsibilities. Todd Fonner, who also has the title of senior vice president, will …
A Vermont ski resort owner is suing his insurer in federal court for more than $2 million to fund his legal defense against fraud accusations brought by the Securities and Exchange Commission. Jay Peak owner Ariel Quiros and former president …
Thirteen current and former New York City employees have been arrested in a $500,000 insurance fraud scheme. Authorities say 10 FDNY emergency medical technicians and paramedics, including EMS officers, and three NYPD traffic enforcement agents were arraigned Tuesday on charges …
Cross Insurance, a Bangor, Maine, based subsidiary of Cross Financial Corp. and one of the largest independent insurance providers in New England, has further expanded its presence in western Massachusetts, New York and southern Vermont with the acquisition of Pittsfield, …
A growing number of global insurers are considering moving to Ireland and some may choose to locate European headquarters there rather than Britain following that country’s vote to leave the European Union, Ireland’s central bank said on Thursday. Ireland is …
