News

S&P Responds to Swett & Crawford Sale

Standard & Poor’s Ratings Services has removed its ratings on Cooper Gay Swett & Crawford Ltd. (CGSC) from CreditWatch with developing implications, where S&P initially placed them Nov. 13, 2015. At the same time, S&P has raised its long-term corporate …

Florida Reports 3 Pregnant Women Test Positive for Zika

Health officials say three pregnant women have tested positive for the Zika virus in Florida. Secretary of Health Dr. John Armstrong announced the cases Wednesday in his daily Zika update. A news release says all three cases are believed to …

New York Classical Pianist Awarded $2.5M for Car Crash Injuries

A classical pianist from New York City who hurt his elbow in a car accident and can no longer play at the level he mastered has been awarded $2.5 million by a New Jersey jury. The award was against a …

BHSI Launches Portfolio Product for Nonprofit Organizations

Berkshire Hathaway Specialty Insurance (BHSI) has launched Executive First Nonprofit Portfolio, a collection of executive and professional lines coverages tailor-made for America’s nonprofit organizations. The Portfolio offers directors & officers liability, EPLI, fiduciary liability, employed lawyers liability and commercial crime …

Maryland Issues Bulletin on Minimum Days Notice Requirement

The Maryland Insurance Administration said it has come to regulators’ attention that some insurers and premium finance companies may not be providing the minimum days’ notice as prescribed by the Maryland statutes before companies cancel, non-renew, increase the premium, or …

WCRI Report Examines Trends in New York Workers’ Comp System

The Workers Compensation Research Institute (WCRI) has published its eighth annual report examining the trends in the performance of the New York workers’ compensation system following reforms enacted in 2007. WCRI said the metrics in this report, “Monitoring Trends in …

South Carolina Announces Initiative to Prevent, Fight Cybercrime

The South Carolina Revenue Department’s massive 2012 data breach gave Gov. Nikki Haley a firsthand lesson on the need for efforts to counter cybercrime, she said Wednesday. “Today, there is never a day I don’t think about cybersecurity,” Haley told …

St. Louis Police Sargeant Prevails in Discrimination Suit; City to Pay $800K

A St. Louis police sergeant who won a racial discrimination case over a police academy promotion will be paid the $620,000 he won in a federal lawsuit, plus $172,000 in attorney’s fees. The St. Louis Post-Dispatch reports that a federal …

13 Tornadoes Recorded in Louisiana on Feb. 23

The National Weather Service updated to 13 the number of tornadoes that hit Louisiana on Feb. 23, including four EF-2 tornadoes that were responsible for the extreme damage in Convent and LaPlace, along with an EF-2 in Livingston Parish and …

Texas Adopts Rules for Residential Property Dec Pages, TWIA Premium Surcharge

The Texas Department of Insurance reported it has adopted rules pertaining to property insurance changes resulting from legislation passed in 2013 and 2015. Residential Property Declarations Page The new rules include requirements for residential property insurance policy declarations pages and …

News Archives by Month