A lease agreement to buy insurance for a landlord trumps state law that prohibits property owners from requiring tenants to indemnify landlords for their own negligence, Massachusetts highest court ruled. The decision centers on an appeal brought by Cummings Properties, …
The Florida-Based Property Insurers CEO Group, representing 21 carriers, held a media conference today to discuss legislation to address the problems in the state’s property insurance market. The group downplayed the controversial issue of rate hikes while supporting reforms in …
The federal government has sued to recover $7 million in mercury cleanup costs from eight companies that used a New York refinery between 1970 and 1991. The companies were part of an earlier $2.4 million settlement. But the government says …
The Michigan Insurance Hall of Fame will honor three leaders in the insurance industry at the seventeenth annual induction ceremony of the Michigan Insurance Hall of Fame on August 18 on the campus of Olivet College. New inductees for 2010 …
The Florida Legislature has passed a bill reinstating parental waivers of liability against theme parks, go-cart tracks and similar businesses. The House voted 114-0 Tuesday to pass the measure (SB 2440) that the Senate previously approved 38-0. It now goes …
SUNZ Insurance Co., a St. Petersburg, Florida-based insurer, has added five states to its coverage area for writing workers’ compensation policies. Known primarily for its presence in Florida, SUNZ said it is now also able to write workers’ compensation policies …
European airports started to return to life on Tuesday after five days cut off from the rest of the world by a volcanic ash cloud, but some countries were more cautious after reports a new cloud might be on its …
Policymakers and markets trying to react to the volcanic gas cloud paralyzing air travel in Europe face a host of variables, unknowns and hard-to-measure risks that make modelling almost impossible. No one can accurately predict what the volcano — or …
New York state prosecutors have “a devastating case” against Maurice “Hank” Greenberg, the former American International Group Inc. chief executive accused of fraud over a reinsurance transaction 10 years ago, the presiding judge said in court Tuesday. After four hours …
Worldwide Facilities Inc. has announced that Renee K. Belgarde has joined the property division in the Los Angeles headquarters as vice president and broker. Belgarde will be responsible for new business development and servicing the division’s current clients. She will …
