Americans’ spending hits a fever pitch during the holidays and two days in particular – “Black Friday” and “Cyber Monday” – leave retailers and consumers vulnerable to different exposures. The day after Thanksgiving — also known as Black Friday — …
New York-based insurance broker USI Holdings has acquired the New Jersey operation of Kinloch Holdings Inc. The unit, based in West Orange, New Jersey, specializes in commercial property casualty and employee benefits insurance for middle-market businesses and is expected to …
The U.S. Attorney’s Office announced the indictments of six controlling officials of National Prearranged Services Inc., in a 50-count indictment charging wire, bank, mail, and insurance fraud; money laundering; and multiple conspiracy charges involving the sale of pre-paid funeral services. …
New York agents failed to make their case that insurance regulators cannot require agents and brokers to disclose their commissions, a Supreme Court judge has ruled. That just-released decision by Supreme Court Justice Richard M. Platkin appears to end for …
A deal reached by New York City and workers exposed to toxic dust that blanketed ground zero after the Sept. 11 terrorist attacks will resolve an overwhelming majority of the lawsuits over the city’s failure to provide protective equipment to …
New U.S. health insurance spending rules aimed at ensuring more customer dollars go toward medical care were finalized on Monday, ending a source of uncertainty for investors in the sector. Although the limits are mandated in the new healthcare law, …
As more and more experienced insurance agency and carrier employees discover their retirement income isn’t what they thought it would be, many are happy to find work they can do from home to supplement their incomes. That’s where Sharon Emek …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit ratings (ICR) to “aa-” from “a+” of the U.S. subsidiaries of Zurich Insurance Company Limited (ZIC), including the lead company of …
Houston-based HCC Insurance Holdings Inc. has hired Frank Pedicini and Frank Argondizzo to lead the company’s new technical property division based in New York, N.Y. Combined the two bring more than 52 years of experience in underwriting technical property risk …
Executives at Florida-based lender BankAtlantic Bancorp Inc. failed to alert investors about risks in its real estate loan portfolio as the U.S. housing market collapsed, a Miami federal jury ruled Thursday in a rare securities fraud class action verdict. The …
