Maryland News

Maryland Jury Awards $2M in Inmate Highway Death

A Prince George’s County Circuit Court jury found the state of Maryland and a truck driver liable Thursday for roughly $2 million after the August 2007 death of an inmate who was killed while picking up trash along Interstate 495. …

11 East Coast States Hold BP Responsible for Oil Disaster Claims

Eleven East Coast states have told BP they will hold it responsible for any losses caused by its still-growing oil spill in the Gulf, Connecticut’s attorney general said Monday. “Even without oil actually reaching the Connecticut shoreline, this massive oil …

Insurers as Venture Capitalists? Maryland Pondering Tax Credit Plan

Maryland Gov. Martin O’Malley has a new proposal aimed at boosting the amount of venture capital for businesses like bioscience companies. The governor rolled out the proposal earlier this month during a speech to academic, business and government officials in …

Business Moves

Marsh & McLennan, Kroll, Altegrity Marsh & McLennan Cos Inc. agreed to sell investigations unit Kroll to a firm led by former Marsh CEO Michael Cherkasky for less than the insurance broker paid for Kroll six years ago. MMC plans …

North Carolina Might Ease Fireworks Safety Law for July 4th

A state law passed after the July 4 blast on Ocracoke Island that killed four fireworks handlers mandated safety training for those who prepare the displays, but some warn the rule could limit fireworks shows this Independence Day. North Carolina …

Physhield Insurance Exchange Approved by the State of Maryland

Physicians Healthcare Management Group, Inc.’s exclusive affiliate, Physhield Insurance Exchange, a Risk Retention Group, has received approval from the state of Maryland Insurance Administration to underwrite medical malpractice insurance in the state. The insurance will be sold through the sales …

One Beacon Enters Exclusive Arrangement with USI Affinity

OneBeacon Professional Insurance has entered into an exclusive arrangement with USI Affinity to administer its Lawyers’ Professional Liability (LPL) insurance program, which provides liability protection solutions for law firms with up to 20 lawyers in Connecticut, Massachusetts, Maryland, Virginia and …

Ohio Revokes Insurers’ Licenses

The Ohio Department of Insurance has revoked the licenses of two troubled insurance companies: Imperial Casualty and Indemnity Co. of Oklahoma City, Okla., and Atlantic Mutual Insurance Co. (AMIC) of New York, N.Y. In March 2010, the District Court of …

Business Moves

PURE Risk Management PURE Risk Management LLC, based in White Plains, N.Y., is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer comprehensive, customized property and casualty insurance coverage to responsible owners of well-built, high-value homes …

Insurers as Venture Capitalists? Maryland Pondering Tax Credit Plan

Maryland Gov. Martin O’Malley has a new proposal aimed at boosting the amount of venture capital for businesses like bioscience companies. The governor rolled out the proposal on Tuesday during a speech to academic, business and government officials in Rockville. …