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 …
Mackenzie Leake put off learning to drive for almost a year longer than most of her friends. It was out of a sense of self-preservation. “Every day I went out, I saw some sort of accident or scattered car parts …
A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Erie Insurance Group and its members are unchanged following the announcement that Erie Indemnity Company has entered into …
A Michigan couple has filed a lawsuit claiming their room at New York’s Waldorf-Astoria hotel was infested with bedbugs. Christine and David Drabicki charged in the lawsuit filed Thursday that they unwittingly brought the bedbugs home with them after they …
A new federal study estimating the rate of workplace injuries last year finds North and South Carolina among the country’s safest in which to work. But some workplace safety experts doubt whether the rates accurately reflect which states are safer. …
Bermuda-based Validus Holdings reported net income of $238.5 million, or $2.08 per diluted common share for the three months ended September 30, 2010, compared with net income of $499.2 million, or $5.21 per diluted common share, for the three months …
Goldman Sachs Group Inc. no longer faces a bias lawsuit by a former vice president who said the Wall Street bank put her on a “mommy track” and fired her while she was on maternity leave. Judge Robert Patterson dismissed …
Bermuda-based Aspen Insurance Holdings Limited announced that the Company’s Board of Directors has appointed Albert J. Beer to the Board in a non-executive capacity with effect from February 1, 2011. He has also been appointed to the Risk Committee and …
They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but in the past few years they have become …
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 …
