The range of risks facing company executives, or directors and officers (D&Os), has increased significantly in recent years along with resulting insurance claims, according to a report published by Allianz Global Corporate & Specialty (AGCS). Titled “Directors and Officers Insurance …
Assessments following Alaska’s enormous 2018 earthquake showed building damage was worse outside Anchorage’s safety area because of reduced regulation, municipal officials said. There was less structural damage in the Anchorage Building Safety Service Area than in the Chugiak-Eagle River area …
The U.S. property/casualty insurance sector should see small improvements in underwriting profits in 2019 and 2020, thanks largely to commercial lines price increases, Fitch Ratings predicts in a new report. But personal auto and workers’ compensation will be two lines …
Fifteen states have revised their laws in the past two years extending or suspending statute of limitations to allow child sex abuse claims stretching back decades, unleashing potentially thousands of new lawsuits against the U.S. Roman Catholic Church. Some highlights …
A Connecticut jury has awarded more than $23 million in damages to an autistic teenager who suffered severe head injuries when his school bus crashed into a tree. Gabriel Goncalves, of Wolcott, was a sixth-grader at the time of the …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Dana Railcare, based in Wilmington, Del., for confined space hazards after an employee fatality in Pittston, Penn. The railcar service provider faces $551,226 in proposed penalties. An …
Maine police say a city employee was struck and killed by the bucket truck he had been driving while he and another worker were hanging Christmas wreaths. The Portland Press Herald reports the two workers were hanging wreaths on light …
Publicly traded U.S. insurance brokers are expected to produce strong revenue growth for 2020 given near peak level organic growth and favorable U.S. commercial lines insurance pricing trends. Further, margins remain consistent with investment-grade ratings and are expected to be …
Verisk, a Jersey City, N.J.-headquartered data analytics provider, has signed a definitive agreement to acquire FAST, a privately held software company for the life insurance and annuity industry based in Iselin, N.J. FAST offers a flexible policy administration system that …
A second owner of a Vermont spa has pleaded guilty to setting the business on fire a year ago. Kristopher Kirby of East Montpelier, co-owner of the Sundara Day Spa in Berlin, pleaded guilty Monday to a felony count of …