Maryland Insurance Commissioner Al Redmer Jr. will leave his regulatory role and step into his new position as executive director of Maryland Auto Insurance on Monday, bringing with him a legacy as Maryland’s longest serving insurance commissioner. Maryland Auto Insurance, …
New York Governor Andrew Cuomo has announced a reopening plan for New York businesses that includes four phases, each allowing businesses in select industries to open their doors. Businesses that are considered more essential, or that have an inherently lower …
Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related claim denials. In several cities, groups of businesses have filed lawsuits challenging virus exclusions in their business interruption policies, such …
Acadia Insurance, a regional underwriter based in Westbrook, Maine, has hired former New Hampshire Insurance Commissioner John Elias to its management team as senior vice president and chief underwriting officer. He will be based in the company’s Westbrook office. Elias …
An A.M. Best report released in June gave a comprehensive look at the state of the cyber insurance market for 2018, the most recent year data was available, stating that it has seen continued growth and underwriting performance in this …
Jerry Sandusky forcefully asserted his innocence and described his own sexual history last Friday during an hour of testimony as he seeks to have his child sexual abuse conviction overturned or be granted a new trial. The former Penn State …
A New York state judge on Wednesday threw out billionaire hedge fund manager Louis Bacon’s $100 million defamation lawsuit against Canadian fashion designer Peter Nygard, saying the case tied to their long-running feud over neighboring properties in the Bahamas belongs …
Maine Bureau of Insurance Superintendent Eric Cioppa has denied Progressive’s request to raise auto insurance rates for new customers above the age of 65. Cioppa stated in the August 10 ruling that the move would have affected more than 65,000 …
A New York court has ruled in favor of an electrician seeking recovery of unsatisfied judgment from his employer and its insurance company after being injured on the job. Pramendra Persaud was injured after falling off of a balcony while …