The family of a comatose cyclist is suing for $10 million the driver of the car that struck him in Maryland. Lawyers in the lawsuit filed Monday allege that 83-year-old Jeanette Marie Walke violated traffic laws on Feb. 26 when …
Maryland lawmakers are weighing whether to prohibit insurers from using credit scores to rate auto policies — a move insurers say is a bad idea. The economic matters committee of the House of Delegates recently held an initial hearing on …
Gov. Martin O’Malley is pushing for a $100 million initiative to promote high-tech industry in Maryland. O’Malley made the “Invest Maryland” program a part of his legislative agenda on Monday. The program would offer tax credits to insurance companies at …
Bond insurer ACA Financial Guaranty Corp. sued Goldman Sachs Group Inc. on Thursday, alleging it was deceived into insuring a transaction designed to fail and for which Goldman ultimately paid a $550 million civil penalty. Goldman Sachs paid the settlement …
Specialty insurance brokers Alliant Insurance Services has acquired New York city-based T&H Group for an undisclosed sum. T&H Group, which operated as Tanenbaum-Harber Co. until changing its name last year, was established in 1860 and primarily targets upper middle market …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Connecticut-based Beazley Insurance Company, Inc. (BICI), both with stable outlooks. These ratings reflect “BICI’s solid stand-alone risk-adjusted capitalization, in addition to …
Madison, Wis., is the most secure U.S. community among large metropolitan areas (population of 500,000 or greater) according to the seventh annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of Companies. Olympia, Wash., is the most …
The United States and South Korea welcomed a free trade deal reached after a three-year delay which U.S. President Barack Obama said would boost exports to South Korea by $11 billion and support at least 70,000 American jobs. An official …
Massachusetts agency Provider Insurance has hired Sharon Cardoso as personal lines account manager. She will be responsible for acquiring new clients and expanding existing client accounts in the personal lines division which includes managing auto, home and umbrella policies in …
Travelers is now offering control of well coverage on an admitted basis to upstream oil and gas clients. This coverage will be immediately available on an admitted basis in 25 states, and is expected to be available in most other …
