American International Group Inc. sued to block New York’s top financial regulator, Benjamin Lawsky, from fining it over marketing insurance overseas without a state license, claiming it would be unconstitutional. AIG, criticizing what it called a “flawed and unconstitutional” interpretation …
Mercury Insurance said the company is lowering its homeowners insurance rates for Pennsylvania residents by an average of 10 percent. The Los Angeles-based insurer said the rate reduction would help attract more customers. “Mercury is a major writer of homeowners …
Allied World U.S. has launched Privacy//403 SRVS, a Specified Response Vendor Solution (SRVS) policy to provide coverage for liability and expenses associated with the compromise of sensitive information and information systems, in the event of a data breach. The Privacy//403 …
New Jersey’s Transportation Department officials have found fewer crashes at intersections equipped with red-light cameras in the state. But the report also says the sample size is too small to draw conclusions. Officials say crashes were down 27 percent at …
The Leavitt Group has opened a new office, Risk Services – Leavitt Insurance Agencies, in Houston. The agency will be co-managed/owned by Vladimir Chemadurov and Rob Eppers. In the South Central region, Utah-based Leavitt Group also has existing offices in …
Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research report. Marsh found that financial …
PSA Insurance & Financial Services in Hunt Valley, Md., acquired Councill, a Towson, Md.-based firm offering insurance products, third-party administration and risk management services for nursing homes, assisted living and independent living facilities. The terms of the transactions were not …
The U.S. Department of Agriculture has added a southern Idaho county to its list of Idaho regions considered natural disaster areas because of drought. The department designated Elmore County a primary natural disaster area, making farmers and ranchers in the …
A Clark Count, Nev. jury has awarded $10 million to the family of a 28-year-old woman who died when her friend drove drunk after a birthday party. The Las Vegas Review-Journal reported James LaPelusa and his two sons won the …
The Rhode Island Association of Realtors says bad winter weather and worries about increasing flood insurance premiums likely played roles as home sales and prices in the state declined in February. The group said on Mar 27 that single-family home …
