New York will hire more minority- and women-owned debt underwriters, lawyers and risk managers and ease regulatory barriers that are “openly discriminating” against foreign reinsurers, Democratic Gov. David Paterson told reporters Thursday. Paterson, the state’s first black governor, who is …
Maryland’s insurance commissioner heard closing arguments last week on whether to allow a nearly $18 million severance and retirement package for former Carefirst CEO William Jews. Insurance Commissioner Ralph Tyler is looking into whether the payments are excessive for the …
After a woman filed a $10 million lawsuit claiming she was sexually assaulted by the Rev. Jeffery Stallworth, the Jackson, Miss. pastor turned around and sued her for $200 million. Hinds County Circuit Judge William Coleman dismissed Stallworth’s countersuit. And …
A firestorm of confusion and comment was created by a June 3, 2008, InsuranceJournal.com exclusive report detailing a recent Maryland Court of Appeals ruling regarding a condominium associations’ requirement to pay for property damage confined to one unit. Two previously …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Custom Home Builders Market Detail: Lemac & Associates, a division of Risk Placement Services Inc. …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Hanover Insurance Group Property and Casualty Companies of Worcester, Mass. and its members. Best also affirmed the ICR of …
The South Carolina Medical Association launched its new subsidiary, the South Carolina Physician Assurance Co. The new insurance company will provide medical malpractice coverage to qualifying physicians who are members of the SCMA and to their extenders and the entities …
Thomas Ciardello has joined All Risks in San Francisco as director of operations. He has 22 years of experience, specializing in agents and brokers errors and omissions, as well as in professional management liability. Most recently, he was with Tri-City …
Maryland Insurance Commissioner Ralph S. Tyler has fined Liberty Mutual companies for failure to issue proper notices of proposed rate increases to consumers. Liberty Mutual was fined $25,000 and returned nearly $450,000 to consumers as a result of sending these …
The Hanover Insurance Group Inc. has extended the reach of its schools program, called Avenues Education Advantage, to its independent agents in Georgia, Kansas, Maryland, and Virginia. The program offers specialized protection for private schools, colleges and small public schools. …
