Liberty Mutual has filed paperwork with securities regulators detailing its plan to sell over 64 million shares of stock of its Agency Corp. division as part of an initial public stock offering (IPO) that could bring in up to $1.17 …
New Jersey workers’ compensation laws do not prevent a construction worker injured in a trench collapse from suing his employer, a state Appeals Court has ruled. The lawsuit – which was originally dismissed by a lower, Superior Court – stems …
Serving High Income Clientele For insurance agents, there is a lesson to be learned from Hulk Hogan – particularly about the pitfalls of selling coverage to wealthy clients. The well-known, ex-professional wrestler turned reality TV star is suing his insurance …
New Jersey workers’ compensation laws do not prevent a construction worker injured in a trench collapse from suing his employer, a state Appeals Court has ruled. The lawsuit — which was originally dismissed by a lower, Superior Court — stems …
Travelers Insurance has won a $262 million judgment against a group of reinsurers that refused to pay a portion of a nearly $1 billion settlement in asbestos claims the insurer paid in 2002. The award by a New York Supreme …
A decision by a federal court in Philadelphia has reopened some of the racketeering and antitrust lawsuits that were dismissed three years ago against insurers and brokers who allegedly participated in a bid-rigging scheme with mega-broker Marsh. The lawsuit is …
A mortgagee that foreclosed on a fire-damaged apartment building in Massachusetts cannot recoup lost rent under a business owner’s policy, the state’s Appeals Court has ruled. The case centered on a lawsuit filed by Casco Bay Finance Co. against Quincy …
Massachusetts insurance agents scored a victory as the state’s governor signed a new law allowing them to keep their rights to clients’ expiring auto policies – a move sought by agents since the state’s insurance system was deregulated two years …
In a series of court filings, the New York Attorney General’s Office and State Insurance Department argue that new rules requiring agents to disclose their pay to clients are needed to penetrate a “cloak of secrecy” that pervades over agent-client …
Massachusetts insurance agents scored a victory this week as the state’s governor signed a new law allowing them to keep their rights to clients’ expiring auto policies — a move sought by agents since the state’s insurance system was deregulated …
