The U.S. Department of Labor has filed a lawsuit accusing a fast-growing Silicon Valley software company of systematically discriminating against Asian job applicants. Palantir Technologies was co-founded by prominent tech financier Peter Thiel, with backing from an investment arm of …
Two insurance groups praised California Gov. Jerry Brown over his signing on various insurance-related legislation. Brown recently approved legislation co-sponsored by the Association of California Insurance Companies to enable California insurance customers to conduct more activities electronically. Brown signed Assembly …
A federal judge has ruled that an insurance company is obligated to defend the ex-wife of serial political candidate Richard Korn in a defamation lawsuit he filed against her. Liberty Mutual argued that a homeowner’s policy it issued to Magda …
Excess and surplus lines underwriters continued to outperform the U.S. property/casualty industry at large in terms of combined ratio in 2015, Fitch Ratings said in a new market review. The report also cautions that premium growth in the E&S sector …
The owners of Caron Contracting, a Fall River, Mass., based contracting company, have been indicted on charges of workers’ compensation fraud over failure to disclose the true nature of their company’s work, Massachusetts Attorney General Maura Healey announced in a …
The Independent Insurance Agents & Brokers of New Jersey (IIABNJ), a Trenton, N.J., based non-profit organization representing independent insurance agents and employees in local communities throughout New Jersey, inaugurated Gerald F. Ford III as IIABNJ Chairman during its annual business …
A New York state court judge warned Maurice “Hank” Greenberg, the 91-year-old former chairman of American International Group Inc., that his fraud trial might last a year unless he answered questions more fully. The admonishment came during Greenberg’s second day …
Business development managers at Chinese state-owned firms have been put on notice: mess up on M&A deals and you can be held personally liable – for life. Under new rules unveiled by China’s State Council, or cabinet, last month, managers …
Corporate pilots routinely take off without performing required safety checks, a study of thousands of flights by a trade group has found. Prompted by the 2014 crash of a corporate jet that killed billionaire Lewis Katz, which occurred after pilots …
The National Association of Mutual Insurance Companies announced today that Ohio state Sen. Bob Hackett has been named the association’s State Legislator of the Year. Hackett was tapped as the top state legislator for 2016 for his leadership in sponsoring …
