The city’s former chief crane inspector admitted taking more than $10,000 in payoffs to fake inspection and crane operator licensing exam results, selling out a 26-year career bit by bit over nearly a decade. James Delayo showed no emotion Tuesday …
A federal judge rejected a multimillion dollar settlement for people sickened by ash and dust from the World Trade Center, saying the deal to compensate 10,000 police officers, firefighters and other laborers didn’t contain enough money. U.S. District Judge Alvin …
Because of the threshold amount, many acts of domestic terrorism may not be certified. Even under the TRIA, insurers may exclude coverage for loss resulting from ‘non-certified’ acts of terrorism. After the smoke cleared and the tragedy was realized, the …
Multinationals Face Heightened Compliance Requirements in High Risk Countries As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain additional information from their customers to screen out possible …
The Climate Change debate rolls on, but real decisions and effective actions remain elusive. Hardly a week goes by without a new report or study on the changes affecting the atmosphere, but the general public appears to be contracting “climate …
Thousands of workers who suffered health problems after the Sept. 11 attacks in 2001 have reached a settlement worth up to $657.5 million with an insurer representing the city of New York, city officials and lawyers said Thursday. Thousands of …
London-based specialty insurer Hiscox, which launched a significantly expanded U.S. presence in 2006, saw gross profits reach record levels ($481 million) in 2009. In this exclusive interview with Insurance Journal, Hiscox Chief Underwriting Officer Rob Childs discusses the profitability for …
A complex federal study of a fire that killed nine South Carolina firefighters, already delayed by months, is still months from completion, authorities said. The National Institute of Standards and Technology in Gaithersburg, Md., is studying the June 18, 2007, …
Ironshore Inc. has introduced an environmental insurance program to help healthcare facilities manage environmental liability exposures and curtail restitution expenses. Ironshore’s Environmental Insurance division will provide coverage for a broad range of site pollution exposures, including mold, legionella, hazardous spills …
Families of eight firefighters killed battling a South Carolina furniture store fire almost three years ago have settled with another group of lawsuit defendants for more than $1.2 million. The June 18, 2007, fire at the Sofa Super Store killed …
