A new study by a Boston-based think tank shows that Massachusetts firms in nine selected industries including financial services have costs that are on average 20 percent to 30 percent higher than similar companies in Texas, North Carolina and New …
Beazley, an insurer of specialty lines risks, has expanded its global specialty lines claims team with the addition of four professionals in the company’s newly opened New York office. Prior to joining Beazley, Peter Liaskos was a litigation partner in …
Pennsylvania Gov. Ed Rendell has signed a bill to continue state subsidies for a fifth straight year to help tens of thousands of physicians and other health care specialists pay their medical malpractice insurance bills. In a statement on his …
State Farm Fire & Casualty Co. has filed a motion in federal court in Gulfport, claiming it will get a fairer trial somewhere other than the Mississippi Gulf Coast. Fifty-two policyholders, along with current and former public officials, have urged …
In response to recent market commentary, A.M. Best Co. has issued a statement, which emphasizes that there “has been no change to the treatment of trust funds that support reinsurance recoverables in its capital model. The treatment continues to be …
A Christian cost-sharing ministry set up to help cover medical costs for churchgoers is not an insurance program and doesn’t claim to be, the head of the American Evangelical Association testified last week. E. John Reinhold said the cost-sharing ministry, …
A Brecksville, Ohio man was convicted and sentenced to one felony count of workers’ comp fraud. A building surveillance security camera captured Jerome J. Dobies delivering phone books to an Ohio Bureau of Workers’ Compensation (BWC) office while receiving disability …
The Hawaii Department of Commerce and Consumer Affairs Insurance Division has issued a notice to residents that some relief for earthquake related losses may be available under homeowners’ policies. “As you already know, earthquake insurance coverage is not included in …
The Hawaii County Council has voted to waive standard construction permit requirements for emergency repairs as the total damage estimate for the Big Island neared $100 million. The council adopted an emergency ordinance that allows homeowners and businesses directly affected …
A powerful snowstorm dumped 18 inches (46 centimeters) of snow in parts of the Colorado mountains and spread eastward Thursday, snarling traffic and shutting down dozens of school districts. A 125-mile (201-kilometer) corridor from Colorado Springs to the New Mexico …