The New York State Department of Financial Services (NYDFS) has approved an average 5.9 percent increase in workers’ compensation loss costs for new and renewal business to become effective on Oct. 1, 2015. The approval was announced by the New …
AIG Private Client Group, a division of American International Group, Inc., has introduced a risk management and mitigation service for residential construction projects with budgets of $5 million or more. As part of its Smart Build offering, AIG risk experts …
The New York Police Department is trying to root out its problem officers and monitor patterns of potential misbehavior by creating a database that combines information from several city agencies on lawsuits, misconduct complaints, internal probes and such seemingly mundane …
Effective Oct. 1, Louisiana will withdraw from the Nonadmitted Insurance Multi-state Agreement (NIMA) and the NIMA-sponsored surplus lines clearinghouse, state insurance regulators announced. The state’s withdrawal from NIMA means it will no longer share surplus lines tax revenue with NIMA …
Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents. Terms of the settlement were not disclosed …
Storms that tore through the Brainerd, Minn.-area closed resorts, displaced more than 900 vacationers around Gull Lake and left thousands without power during the height of the summer vacation season. Two popular resorts, Madden’s and Cragun’s, lost power and were …
New Hampshire Gov. Maggie Hassan recently signed into law H.B.171 (“An Act relative to rebating”) that would remove the annual $1,000 monetary cap on contests, sweepstakes, raffles or drawings conducted by insurance producers in connection with the marketing or promotion …
The U.S. Department of Labor has issued a blog post with new guidance on classifying workers as employees or independent contractors under the federal Fair Labor Standards Act (FSLA), an issue that has attracted renewed attention in the on-demand economy. …
A federal lawsuit filed by the parents of a 14-year-old southwest Missouri boy who killed himself after being bullied at school has been settled for $300,000. The Joplin Globe reports the Carl Junction School District and its insurance company settled …
Berkley FinSecure, a W. R. Berkley Company, has named Peter D. Verretto Northwest territory director. Verretto will focus on underwriting and sales to financial institutions through the company’s network of agents and brokers in the newly expanded Northwest territory. Working …
