New York City said on Friday it sued BP Plc for more than $39 million of losses it claims beneficiaries of the city’s pension funds sustained due to BP’s “misconduct and fraudulent behavior” linked to the 2010 Deepwater Horizon oil …
Moody’s Investors Service and Standard & Poor’s on Friday said they have settled two long-running lawsuits seeking to hold them responsible for misleading investors about the safety of risky debt vehicles that they had rated. The lawsuits had accused Moody’s, …
Labor and worker rights activists are honoring 32 workers who died on the job last year. The Massachusetts AFL-CIO and the Massachusetts Coalition for Occupational Safety and Health released a report on April 25 highlighting the deaths. The report found …
The family of a Vermont State Police trooper killed while trying to stop a fleeing suspect a decade ago has received a $4.5 million settlement from the state and its insurance carrier. Washington County Superior Court Judge Robert Bent last …
It’s been six months since Superstorm Sandy made its landfall on the coast of New Jersey and became one of the costliest storms ever recorded in the U.S. Many businesses in the region are still recovering from the effects of …
You hear a lot of companies promoting their charitable efforts but few have the charitable sounding umph as the name Fireman’s Fund Insurance Co. The company was founded in 1863 by ship captain William Holdredge, and the company’s name celebrates …
Choosing a historic icon that stood after San Francisco’s Great Earthquake and massive fire more than 100 years ago was a deft, almost poetic, public relations concept to celebrate Fireman’s Fund Insurance Co.’s sesquicentennial. Earlier this month the company so …
Branchville, N.J.-based Selective Insurance Group said its 2013 first quarter net income came in at $21.3 million, a 17.7 percent increase from $18.1 million reported during the first quarter of 2012. Total net premiums written for the first quarter were …
Oklahoma’s independent insurance agent association says measures of interest to the group are moving so quickly in the state Legislature this year it is cancelling an annual event furing which member speak with lawmakers on legislative issues. The Independent Insurance …
Maryland’s General Assembly has passed a bill this month that would allow the Maryland Automobile Insurance Fund (MAIF) to offer installment payment option for policyholders. MAIF, the insurer of last resort, was created by the Maryland State Legislature in 1972 …
