Articles by Elizabeth Blosfield

New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact

As the insurance industry has closely followed developments regarding The New York State Department of Financial Services’ (DFS) cybersecurity regulation, concerns remain in terms of how the final regulation, set to go into effect March 1, may impact mid-sized companies in …

Delaware DOI Begins National Search for New Captive Insurance Bureau Director

The Delaware Department of Insurance has begun the search for a new Director of the Bureau of Captive Insurance and Financial Products to take over once current director Steve Kinion’s contract expires on April 1. The move is being made …

Rutgers Law School Project Addresses ‘Use It And Lose It’ in Homeowners Insurance

A new report by the Rutgers Center for Risk and Responsibility at Rutgers Law School in Camden, N.J., in cooperation with United Policyholders, offers recommendations to state lawmakers in terms of how homeowners insurance claims are addressed by insurance companies …

Report Finds New York Construction Fatalities, Regulatory Violations Rising

The New York Committee for Occupational Safety and Health (NYCOSH) found in its latest construction fatality report that construction worker deaths are rising in New York, and many construction employers across the state are consistently violating regulations and code requirements. …

New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact

As the insurance industry has closely followed developments regarding The New York State Department of Financial Services’ (DFS) cybersecurity regulation, concerns remain in terms of how the final regulation, set to go into effect March 1, may impact mid-sized companies …

Q&A: MEMIC Safety Expert on Growth of Ergonomics, Workers’ Comp

Karl Siegfried, Senior Vice President of Loss Control & Safety Services at Portland, Maine-headquartered MEMIC Group recently spoke with Insurance Journal about the safety management team that is in place at MEMIC and the ways in which it seeks to benefit agents, …

Delaware DOI Begins National Search for New Captive Insurance Bureau Director

The Delaware Department of Insurance has announced that it has begun the search for a new Director of the Bureau of Captive Insurance and Financial Products once current director Steve Kinion’s contract expires April 1, 2017. This is because the …

New Jersey Supreme Court Issues Ruling in $500M Contamination Lawsuit

The New Jersey Supreme Court has ruled in favor of Givaudan Fragrances Corporation (Fragrances) in a $500 million insurance coverage lawsuit against Aetna Casualty & Surety Company and additional insurers named as defendants. The move affirms that New Jersey policyholders …

Ex-CFO of Bankrupt Enron Offers D&O Lessons from Accounting’s ‘Gray’ Areas

Andrew Fastow, former chief financial officer (CFO) of Enron Corp., a now-defunct energy trading company swept up in a massive fraud scandal in the early 2000s, warned a room full of directors and officers (D&O) underwriters that some companies today …

Correction: Mass. Court Reviews Assessment of Damages Against Insurer in Shuttle Bus Accident Case

The Supreme Judicial Court in Massachusetts has ruled that post-judgment interest is not included in any enhanced damages in connection with damages that have already been awarded under the Massachusetts Consumer Protection Act. This comes after a Pennsylvania insurer and …