The government should spend more money safeguarding railroad crossings that are “accidents waiting to happen,” two U.S. senators said on Feb. 15. Sens. Charles Schumer and Richard Blumenthal spoke at New York’s Grand Central Terminal, the departure point for the …
Last year was another record-setting year for Delaware’s captive insurance industry, the state’s Insurance Commissioner Karen Weldin Stewart recently announced. Delaware’s captive bureau licensed 87 captive insurers and 141 series business units in 2014, Stewart said on Feb. 12. “I …
California Insurance Commissioner Dave Jones on Wednesday issued a notice to property/casualty insurers doing business in California advising them that so-called “price optimization” in rate making is unfairly discriminatory and violates the law. Price optimization is the practice of setting …
An explosion and fire at Exxon Mobil Corp.’s Torrance, California, refinery sent ash spraying on nearby cars and burst windows of surrounding buildings Wednesday. The explosion occurred near a fluid catalytic cracking unit of the refinery, according to David Campbell, …
New York’s attorney general says he’s submitting legislation to combat the plague of abandoned properties, revising a bill lawmakers failed to enact last year. Attorney General Eric Schneiderman would make banks and other mortgage lenders responsible for maintaining properties abandoned …
International insurance brokerage and risk management firm Integro Ltd. has opened a Miami office to drive business in Florida, as well as serve as an international wholesale hub into Latin America. According to John Sutton, president of Integro’s international operations …
VFIS, a provider of insurance, education and consulting services to emergency service organizations and a specialty program of Glatfelter Program Managers, has introduced coverage enhancements to both its property & casualty and accident & sickness benefits coverage. VFIS target classes …
Hilton Worldwide Holdings Inc. announced last week that it has closed its previously-announced sale of the Waldorf Astoria New York hotel to Beijing-based Anbang Insurance Group Co. Ltd. for $1.95 billion. As part of its long-term relationship with Anbang, Hilton …
The Texas Department of Insurance-Division of Workers’ Compensation (DWC) announced that through performance audits of several insurance carriers on the accuracy of payments of lifetime income benefits (LIBs) and death benefits (DBs) it discovered underpayments on 64 claims totaling more …
Berkshire Hathaway GUARD Insurance Companies recently hired Connie Bedaw as senior field representative to address targeted growth in New England. She will be affiliated with Berkshire Hathaway GUARD’s office in Nashua, New Hampshire. Bedaw will serve producers in Maine, New …
