The Connecticut Supreme Court upheld a lower court’s ruling on May 18 that Federal Insurance Company and Scottsdale Insurance Company are not required to defend or indemnify the insureds for the loss of computer tapes that exposed personal information of …
The workers’ compensation industry had a pretty good 2014 in which its combined ratio improved for the third consecutive year, premium grew for the fourth consecutive year, and claim frequency declined about two percent. But the results in 2014 were …
The Federal Emergency Management Agency on May 18 mailed out its first round of letters to the National Flood Insurance Program policyholders who filed Superstorm Sandy-related claims, asking whether they want their claims reviewed. FEMA is mailing its letters by …
1.Financial institutions are increasingly being scrutinized by regulators, both federal and state, about their safeguards to protect sensitive customer information. These regulatory inquiries are not only focused on the banks’ internal data protection protocols and procedures but also extend to …
For the first time, Amtrak could face a $200 million payout to train crash victims – the limit set by Congress. But that may be too low to cover the costs of the eight lives lost and more than 200 …
Whether addressing a complex securities claim, a parallel government investigation or a lawsuit related to a cyberattack or merger, directors and officers continue to face complex challenges in today’s environment. Still, many executive boardrooms do not plan ahead when it …
New Jersey began allowing the state’s motor vehicle operators to display proof of auto insurance in either the physical format (a paper insurance card provided by their carrier) or the electronic format (evidence of insurance provided by their carrier and …
Every reader likely already knows interest rates are rock bottom. Some are even nominally negative and the prime rate has not changed in six years. That is a record! Exposure growth overall is normal, neither strong nor poor overall. Although …
The Progressive Group of Insurance Companies announced it is actively appointing new independent agents for its auto product in Massachusetts. Progressive said Massachusetts became the 50th and final state in Progressive’s national auto product rollout, which went live in the …
According to the 2014 MarshBerry Market & Financial Outlook report, 25 percent of commissions/fees are earned on accounts in the construction and manufacturing industries within an average agency. As the economy ebbs and flows, the insurance revenue tied to these …
