New York Governor Andrew Cuomo has signed legislation creating penalties for discrimination or retaliation against immigrant employees into law. This law is a codification of federal case law interpreting the anti-retaliation provisions of New York’s Labor Law and the federal …
The Doctors Company has completed the purchase of Hospitals Insurance Company (HIC), a New York State admitted and licensed insurance company, and FOJP Service Corporation, a New York service organization that provides third-party comprehensive insurance and risk management advisory services …
An explosion believed to have been caused by a gas leak reduced a western Pennsylvania home to a pile of rubble and injured five people. The blast just before 4 p.m. Wednesday near a high school in North Franklin Township …
Arthur J. Gallagher & Co. announced that its risk management services subsidiary, Gallagher Bassett International Ltd., has acquired the assets of Llantrisant, Wales-based Adjusting Associates LLP. Terms of the transaction were not disclosed. Established in 2002 to provide loss adjusting …
AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” from “a+” of the operating subsidiaries of Bermuda-based PartnerRe Ltd. AM Best also has upgraded the …
ISMIE Mutual Insurance Co. has formed an affinity program partnership with the Kentucky Osteopathic Medical Association (KOMA). Through the program, KOMA members will receive access to ISMIE’s risk management services, premium discounts and other benefits. Physicians coming out of residency …
U.S. captive insurance companies rated by A.M. Best continued their run of strong financial results in 2018, as well as their outperformance of the segment’s counterparts in the commercial casualty sector, according to an A.M. Best special report. The new …
In advance of its Aug. 6 board of directors meeting in Galveston, the insurer of last resort for wind and hail in counties along the Texas coast said it had determined its residential coverage rates are inadequate by 41.7 percent …
Insured losses from Hurricane Barry probably won’t rise above $500 million, global risk modeling and analytics firm, RMS, says. The RMS estimate represents insured losses from wind, storm surge and inland flood damage, including losses to the National Flood Insurance …
A lawsuit has been filed by the State of Texas seeking to stop Georgia-based Aliera Healthcare from selling health insurance in the state and engaging in the business of insurance without a license, the Texas Department of Insurance (TDI) reported. …
