Allstate Corp. is suing Goldman Sachs Group Inc., saying more than $122 million in mortgage-backed securities the insurance company bought beginning in 2006 were fraudulent. Allstate said in a statement that it filed the lawsuit in New York state court …
New York Attorney General Andrew Cuomo is suing Federal Express’ ground package delivery unit, alleging its classification of drivers as independent contractors illegally deprives them of legal protections workers enjoy. The lawsuit accuses FedEx Ground Package System Inc. of concocting …
A 65-year-old couple needs $85,000 on average to cover insurance costs for long-term care such as nursing home stays in retirement, according to a study by Fidelity Investments. The finding underscores the need to financially prepare for the possibility of …
Massachusetts’ top securities regulator on Wednesday said he issued subpoenas to a pair of municipal bond insurers, seeking information on how much the firms disclosed to cities and towns about their exposure to mortgage-related investments that have recently plunged in …
Gibson Engineering says the health care coverage it offers its 35 workers is generous — its plan features high deductibles, but includes a unique self-insurance provision to limit employees’ out-of-pocket expenses. “Our employees like our plan very much, and it …
Massachusetts’ attorney general said last week that her office was leading a civil investigation by dozens of states into a computer security breach by a hacker who stole customer data from TJX Cos., owner of discount retail chains including T.J. …
Terrorism insurance has become increasingly common and affordable five years after Sept. 11. But that market has only emerged with the federal government’s pledge to serve as an insurer of last resort — assistance that is tenuous, and guaranteed only …
Receding flood waters revealed deep economic damage that hit a broad range of New Englanders — from homeowners who must dry out soggy carpets and replace rotted beams without help from flood insurance, to shopkeepers and industrial employers trying to …
A radio journalist accused of poisoning his wife by spiking her Gatorade with antifreeze told a friend he planned to spend his life insurance money on a house and a BMW convertible, according to prosecutors. He also said he would …
A radio journalist accused of poisoning his wife by spiking her Gatorade with antifreeze told a friend he planned to spend his life insurance money on a house and a BMW convertible, according to prosecutors. He also said he would …
