Republicans in firm control of the state Legislature say they’re setting the stage for an economic turnaround in Michigan after passing sweeping tax and policy changes over the past year. Business tax cuts that will save employers roughly $1 billion …
A U.S. senator is enlisting the help of Pennsylvania insurance commissioner to help protect the Keystone State’s homeowners from sinkhole damages. In a letter to Pennsylvania Insurance Commissioner Michael Consedine, U.S. Senator Bob Casey (D-Penn.) asked that all new homeowners …
OneBeacon Professional Insurance (OBPI) has expand its professional liability coverage for lawyers to include network security and privacy (NSP) liability coverage. The company will offer the NSP coverage two ways. Insureds will be able to add it as an endorsement …
A mounting U.S. deficit could pose a much greater threat to the survival of President Barack Obama’s healthcare reforms than either the Supreme Court or 2012 elections. Many health experts say innovations in delivering medical care and the creation of …
Moody’s Corp. has acquired Barrie & Hibbert Limited, a provider of risk management modeling tools for insurance companies worldwide. The acquisition broadens Moody’s Analytics suite of software solutions for the insurance and pension sectors. In addition, Barrie & Hibbert’s offerings …
Local and federal officials are telling Louisa County earthquake victims to not give up if they’ve been denied federal disaster assistance. Residents who registered for assistance due to the Aug. 23 earthquake can appeal the denials. They also can apply …
A New Hampshire woman and her two children have won $8.5 million in a wrongful death lawsuit against a trucking company. A federal court jury in Concord concluded last Thursday that Loignon Champ-Carr Inc. negligently caused the death of 38-year-old …
The Rhode Island State Police are stepping up patrols through the end of the year to crack down on drivers who are under the influence of alcohol. Police Superintendent Col. Steven O’Donnell says authorities will take part in two traffic …
A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit ratings to “a+” from “aa-” of MAPFRE USA Group following the rating downgrades for its parent company, Spain’s MAPFRE S.A. The lead …
The Overseas Private Investment Corp. (OPIC) has arranged new political risk insurance for private equity fund investments in emerging markets. OPIC, the U.S. government’s development finance institution, sees investor prospect growing much faster in the emerging markets than developed markets …
