Massachusetts insurance regulators on Friday rejected FAIR Plan’s request to raise rates by an average of more than 7 percent. FAIR Plan, whose official name is Massachusetts Property Insurance Underwriters Association, serves as the state’s home insurer of last resort. …
New Jersey Gov. Chris Christie vetoed legislation, Assembly Bill 2171, that would have begun to establish an online, state-run health care exchange in New Jersey in line with the federal Affordable Care Act. The creation of health care exchanges in …
American International Group Inc. said that board director Donald Layton has submitted his resignation from the board, due to his appointment as chief executive officer of Freddie Mac. The resignation is effective next week when AIG commences its annual meeting …
Aon Risk Solutions, the global risk management business of Aon plc, recently hired Michael Barbarita as managing director, executive vice president of the company’s growing Pittsburgh office. Aon’s Pittsburgh regional office is one of the top-performing units for the firm, …
Dewey & LeBoeuf has terminated about 450 people at its New York office effective today, May 11, according to a lawsuit filed by an employee who complained the law firm failed to give her adequate notice. The employees received notice …
Virginians who want to stock up on batteries, bottled water and other supplies for the hurricane season will get a tax break this month. Starting May 25 and continuing for seven days, a sales tax holiday will spare them state …
Brown & Brown of Massachusetts LLC, a subsidiary of Brown & Brown Inc., said it acquired assets of Richard W. Endlar Insurance Agency Inc. in Dedham, Massachusetts. Founded in 1975, Richard W. Endlar Insurance Agency specializes in providing property/casualty insurance …
The Goldman Sachs Group, a global investment banking and securities firm, is bullish on American International Group Inc. In a new equity research report released Wednesday, Goldman Sachs upgraded the AIG stock to “Buy” from “Neutral,” and raised its 12-month …
The federal government has announced that a settlement with a New York City landlord will result in more than $2 million being paid to tenants who were sexual harassment victims. U.S. Attorney Preet Bharara announced the deal Tuesday. He called …
New York regulators have fined 15 insurers $2.7 million for failing to notify small businesses they were eligible to buy special coverage for mental illnesses and children with serious emotional disturbances. Superintendent of Financial Services Benjamin Lawsky says they are …
