Allstate Corp. is among insurers retreating from the Long Island, New York, homeowners market after superstorm Sandy and should be compelled to offer coverage there, New York Senator Charles Schumer said. Liberty Mutual Holding Co. and Bloomington, Illinois-based State Farm …
Kentuckians will again be able to sign up for a Christians-only medical program under a batch of new laws that take effect Tuesday. Lawmakers passed the law allowing Medi-Share, a Florida-based cost-sharing ministry, to resume operations in Kentucky, reacting to …
Sexual misconduct claims at prisons and regional jails have cost West Virginia nearly $12 million over the last decade. Board of Risk and Insurance Management records obtained by the Charleston Daily Mail show that prisoners and their lawyers received more …
U.S. insurers will pay $500 million in rebates to employers and individuals this summer because of President Barack Obama’s healthcare law, about half the amount they paid last year. The law, often called Obamacare, requires companies to refund customers when …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1225, which is managed by AEGIS Managing Agency Limited. The outlook for both …
XL Group plc announced that the Company has appointed Philip M. Jacobs as Global Head of Capital Management, Corporate Development and Tax. He reports to Peter R. Porrino, Executive VP and CFO, and will be based in Stamford, Connecticut. Porrino …
The Republican-controlled U.S. House of Representatives needs to solve its farm bill impasse by enacting the Senate’s bipartisan bill, Majority Leader Harry Reid said on Monday, warning that the Democrat-run Senate will not extend current law again. The House defeated …
A report from Marsh on the recent Rana Plaza factory collapse in Bangladesh that killed more than 1,100 people cites the “serious risks that labor conditions can pose not only to workers, but also to organizations’ reputations, supply chains, and …
Alberta Premier Alison Redford on Monday promised C$1 billion (US$956 million) in initial funding to help pay for damage caused by major flooding this past weekend, and said the oil-rich province would no longer be able to balance its operating …
The U.S. Supreme Court put new limits on lawsuits claiming on-the-job harassment, throwing out a case filed by a black catering worker who said a colleague slapped her and used racial epithets. The justices, voting 5-4, said the alleged harasser …
