Virginia House Republicans have offered a $2 billion, four-year financing plan that is underwritten partly by daunting new fines on lead-footed drivers. It provides only about half the additional revenue for roads, commuter rails and transit that competing plans by …
Lawsuits stemming from a deadly crash at the base of Avon Mountain in Connecticut last July have led to an unlikely alliance between the victims and the owner of the trucking company at the center of the litigation. To successfully …
Insurance rates for taxicabs in the District of Columbia are being reduced as the result of a change in policy duration. Acting Commissioner Thomas Hampton of the District of Columbia Department of Insurance, Securities and Banking said he anticipated the …
As trade barriers fall and innovations in technology continue at a breakneck speed, more U.S. companies are reaching out and investing in international markets. U.S. businesses cannot ignore the opportunities in the global marketplace, with 95 percent of the world’s …
When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks they assume. Adequate ITV is not an issue to be taken lightly. If insurers do not receive …
Lloyd’s is on the verge of suing two of its largest brokers, Aon and Benfield, over the Central Fund reinsurance policy they negotiated with six insurers in 1999. The policy, underwritten by Swiss Re, Employers Re, The St. Paul, Hannover …
Rhode Island’s leading workers’ compensation carrier is facing an audit and a probe into a whistle blower’s allegations as it pushes for legislation opposed by the Carcieri administration. Department of Business Regulation Director A. Michael Marques told The Providence Journal …
As they face pressure to do more with less, nonprofit organizations are increasingly modeling some of their fund raising, employment practices and even marketing of services after for-profit businesses. According to a recent study, this so-called “capacity building” process has …
A New York judge has granted American International Group a restraining order against its former chief executive officer, Maurice Greenberg, and his agency, Starr Technical Risk Agency, that bars Starr from placing its AIG risks with other insurers. The judge …
David Luxton awoke to the sound of shattering glass as a car smashed into his porch during the night. Less than 48 hours later, another car knocked his porch off its foundation. All told, vehicles careening out of control on …
