A Rhode Island judge has ordered three former lead paint manufacturers to clean up contamination in Rhode Island and said he would appoint a special master to advise him on exactly what the companies should be required to do. Lawyers …
Alarmed that homeowners on Maryland’s coasts may one day be cut off from home insurance, state lawmakers are mulling new rules prohibiting insurers from pulling out of areas they deem risky. But insurers met with lawmakers recently to tell them …
Boston-based Risk Specialists Cos. Inc., a member company of American International Group Inc., has appointed David A. Jordan as chief operating officer. Jordan will continue as a senior vice president of Lexington Insurance Co. In this newly-created position at Risk …
Trucking Auto Physical Damage Nuts & Bolts: AIX Group Inc., a specialty insurance holding company, has formed a new program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss …
Allied Insurance Brokers, a managing general agency in Marriottsvile, Md. specializing in habitational accounts, has opened an underwriting unit targeting small to medium size apartment and condominium risks. This coverage is written as a Commercial Package Policy with enhancements, including …
Brady in court “At that moment I wasn’t sure what was happening, if that was normal or not normal.” New England Patriots quarterback Tom Brady testifying that he watched his mentor, Charlie Weis, move in and out of consciousness after …
All Risks, Ltd., a national wholesale broker and managing general agent headquartered in Hunt Valley, Maryland, has opened its sixteenth branch office in metropolitan Orlando. The Orlando office joins other Southeast branches in Atlanta, Georgia; Ft. Lauderdale, Jupiter, and Tampa. …
Banking Engagement Insurance Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), a member company of American International Group Inc. (AIG), announced the launch of its Investment Banking Engagement Insurance (IBEI) policy, a new type of …
Monoline Energy Accounts Nuts & Bolts: MarketScout launched a new exclusive monoline energy workers’ compensation program that accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory and $1 million employers’ …
Insurers are defending the factors they use in pricing auto insurance, including the occupation and education levels of insureds, arguing that the criteria have been actuarially tested for their ability to predict losses. When they are allowed to use what …
