A nearly $700,000 agreement between the family of late Holy Cross football coach Dan Allen and two insurers for the contractor the family alleges contributed to his fatal illness has been approved by a federal judge in Massachusetts. U.S. District …
Two East Coast-based mutual insurance companies have formed a mutual alliance that they say allows them to achieve efficiencies, diversification and spread of risk without actually merging their companies. The Norfolk & Dedham Group and the Rockingham Group said that …
California Attorney General Jerry Brown Tuesday sued Stanley Chais, a Beverly Hills money manager accused in lawsuits by investors and U.S. regulators of channeling hundreds of millions of dollars from Hollywood’s elite into Bernard Madoff’s $65 billion Ponzi scheme. Brown’s …
Massachusetts Insurance Commissioner Nonnie Burnes is stepping down from her role as chief insurance regulator to take a fellowship position at Notheastern University in Boston. Burnes will head to her alma mater to teach a course on regulatory reform and …
It’s a remarkable coincidence that several state regulators in the Northeast seem to be moving on to greener pastures just as key reform efforts are winding into place. This past month, Massachusetts Insurance Commissioner Nonnie Burnes abruptly announced she would …
Louisiana-based insurance wholesaler, Specialty Risk Associates Inc., announced several changes to its management team. Thomas Garland was named chief operating officer. Garland joined Specialty Risk in 2004 as vice president of Marketing and Underwriting responsible for the coordination of marketing …
Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …
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. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …
When Fun ‘n Games at Work Take a Bad Turn Phyllis Young and her co-worker and friend, Sarah Bales, won the hula-hoop contest and the balloon toss, making them the favorites to also win the three-legged sack race. Young and …
Data breaches have hit an all time high and with that have been a dramatic increase in new data security and privacy laws and regulations. Both state and federal regulations have been in place for several years with regards to …
