If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income in those neighborhoods, the auto insurance will be considered unaffordable, under a new index being adopted …
XS Brokers, one of the largest independent insurance wholesale brokerages in New England, is opening a new office in the greater Philadelphia area and has hired Alan Dudkiewicz to lead the firm’s efforts in the Pennsylvania-New Jersey-Delaware-New York region. Dudkiewicz …
Penn State coach Joe Paterno was told by a teen boy in 1976 that assistant coach Jerry Sandusky had molested him in the shower but responded that he didn’t want to hear about it and had “a football season to …
General Motors’ 2009 bankruptcy does not shield it from lawsuits over a deadly ignition-switch defect that led to criminal charges against the automaker and prompted the recall of 2.6 million vehicles in 2014, a federal appeals court ruled on Wednesday. …
Presque Isle, Maine-based regional insurer MMG Insurance Co. has promoted John Herweh to vice president and director of Human Resources. Herweh replaces Lynn Lombard, who retired on July 1, 2016 after a 45-year career with the company. Herweh brings 20 …
A decade ago, Bear Stearns Cos. agreed to pay $250 million to resolve regulators’ claims that it was at the center of a system that allowed clients to break mutual-fund trading rules. JPMorgan Chase & Co., which acquired the company …
Insurers could soon be able to deploy drones for speedier response to natural disasters under a provision in legislation reauthorizing the Federal Aviation Administration passed by the Senate Wednesday. “The process called for in this legislation represents a vital step …
New Jersey is offering almost $200 million in incentives over 10 years to insurance, technology and financial companies to operate across the Hudson River from Manhattan. One applicant, Ernst & Young U.S. LLP, would score $40 million over 10 years …
Kemper Corp. said that it estimates that its second quarter 2016 results will include pre-tax catastrophe losses of approximately $52 million. The company said it does not expect to recover any of these losses under its catastrophe reinsurance program. While …
Specialty property/casualty insurer Philadelphia Insurance Companies announced the hiring of Brian Kilroy as national vice president of Marketing. Kilroy will lead the insurer’s wholesale and global broker relationships, as well as focus on business development opportunities between Tokio Marine Group …