New Jersey has joined several other U.S. states in deciding that if a subcontractor’s defective work damages parts of a general contractor’s project, the damages are covered under the general contractor’s standard commercial general liability (CGL) policy. The New Jersey …
The Massachusetts Appeals Court has ruled that Massachusetts law should apply in deciding whether Narragansett Electric Co. (NEC), a Rhode Island-based utilities provider, is entitled to insurance coverage for environmental contamination at several of its sites. The August 31 decision …
The re/insurance industry needs to innovate and become more efficient. It is facing more risk, but premiums are declining. Some of its products have become shop-worn and less relevant. Competitive pressures are immense. These are just some of the negative …
An ex-convict who posted anti-Islamic rants online confessed to setting fire to a mosque that the Orlando nightclub shooter occasionally attended, and said he was embarrassed by the crime, according to an arrest affidavit released Thursday. St. Lucie County sheriff’s …
A new federal study shows the number of Oklahomans without health insurance has fallen by 6 percent since 2010, but the state still has one of the highest percentages of uninsured residents in the country. The study released this week …
Chubb has expanded its cyber risk engineering capabilities in the U.K. and Ireland, as it continues to invest in building its cyber enterprise risk management proposition in the region. Chubb’s U.K. and Ireland dedicated cyber risk engineering team, headed by …
QBE Insurance Corp. (QBEIC) has been approved by the United States Department of Treasury as a Certified Company with an underwriting limitation (also referred to as a Treasury Listing) of $73.5 million per bond. This builds upon a previously approved …
Missouri’s Republican-led Legislature has used its supermajority to significantly loosen the state’s gun laws and potentially tighten its voting requirements as lawmakers overrode numerous vetoes of Democratic Gov. Jay Nixon. The sweeping guns legislation would allow most adults to carry …
XL Catlin has enhanced its design professional insurance policy form to address architects’, engineers’ and other design businesses’ changing professional liability insurance needs. According to Doug Strong, chief underwriting officer of XL Catlin’s Design Professional insurance business in North America, …
The majority of Minnesota residents aren’t experiencing the hefty health insurance rate hikes that shoppers who buy their coverage individually will see, according to data released by the federal government. More than half of Minnesota residents are covered by employer …
