The New York State Insurance Department has ordered insurers Homesite Insurance Co. and Security Mutual Insurance Co. to reinstate 260 homeowners’ policies across the state. Regulators say the insurers improperly cancelled or non-renewed the policies. The department began investigating the …
A church custodian who was injured in a ladder fall, but waited nearly five years to file a workers’ comp claim is barred from collecting benefits, a Massachusetts Appeals Court has ruled. The employee in this case, James Sullivan, was …
United Insurance, Mexico Agency Falmouth, Maine-based insurance agency United Insurance has acquired The Mexico Agency business from Northeast Bank Insurance Group. The Mexico Agency, which was acquired by Northeast in 2004, writes approximately $900,000 in annual premiums and employs three. …
New York regulators are aggressively pursuing plans for a reincarnation of the New York Insurance Exchange and expect to finish assembling a “working group” of industry insiders within the next two months who will guide the revival of a Lloyd’s …
$6 Million Approximate value of property losses in Virginia last year blamed on the use of cigarettes and smoking materials. A new law, which went into effect Jan. 1, mandates that all cigarettes sold in the state must comply with …
New York-based insurance wholesaler Russell Bond & Co. has promoted Margaret J. Arnold to assistant vice president-controller. She is a 20-year veteran of the firm. In addition, the company has also promoted Derek Bucciferro to senior underwriter. He has 10 …
California Gov. Arnold Schwarzenegger has submitted to the Legislature his proposed 2010-11 budget — and called for “greater reductions in nearly every aspect of state government than were necessary in 2009.” “With our national economy still struggling to recover, California, …
Low-wage workers in Los Angeles experience more wage and labor violations than low-wage workers in Chicago and New York, a new study by the UCLA’s Institute for Research on Labor and Employment has found. The survey found that low-wage workers …
Jeff Ward, a director of London Market reform technology specialists TriSystems, and his colleagues have been busy lately. They’ve been working on the latest version of an electronic communications service for London’s brokers. With the official launch planned for Fenruary …
Oklahoma State Rep. Steve Martin has filed a bill that would allow law enforcement officials to impound vehicles that are found to be uninsured. “This bill addresses one of the most consistent demands of voters in my district and across …
