New York regulators have finalized guidelines for how agents and brokers are to reveal to clients their commissions, but at least one trade group says any changes to the rules thus far have been “underwhelming.” The department released a new …
A business group says the economic downturn is still having an effect on New York City’s construction industry – a key driver for commercial insurance spending in the region. The New York Building Congress says construction spending in the city …
Bowing to pressure from insurers and agent groups, Massachusetts safety regulators have eased new workers’ comp paperwork requirements for some out-of-state contractors. At issue is a form used by inspectors to verify whether a non-Massachusetts company doing business in the …
A Manhattan woman has failed to persuade a U.S. appeals court that Starbucks Corp. should be held liable for severe burns she suffered after spilling tea served in a double cup. The 2nd U.S. Circuit Court of Appeals has upheld …
Connecticut-based managing general agency Business Risk Partners has named Mark Bradway as director of broker relations. He has worked in specialty liability for over a decade. He began his career at wholesale broker Swett & Crawford in Los Angeles specializing …
Thousands of laborers, police officers, firefighters and other first responders suing New York City over their exposure to toxic World Trade Center dust had until Nov. 15 to decide whether to join a legal settlement over their injuries. The settlement …
Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for Chapter 11 bankruptcy on Nov. 8. The filing cements Ambac’s decline from a company that once guaranteed payments on more …
Ohio Mutual, Casco Indemnity Ohio Mutual Insurance Group (OMIG) agreed to acquire N.E. Corp. and its wholly-owned subsidiary Casco Indemnity Co., a property and casualty insurer located in Saco, Maine. The transaction is expected to be completed by the end …
A new federal job safety study finds North and South Carolina among the country’s safest states in which to work. But some experts doubt whether the rates accurately reflect which states are safer. North Carolina’s rate of injuries or illnesses …
HCC Specialty Houston-based HCC Insurance Holdings Inc. is combining its Professional Indemnity Agency (PIA), HCC Public Risk and HCC Specialty Underwriters units under a newly created underwriting division, HCC Specialty. HCC Specialty will be led by Bill Hubbard as CEO. …
