An insurer that paid $4.5 million to Dartmouth College to restore a dormitory that was damaged by fire can’t seek recovery from two students whose negligence started the blaze, the New Hampshire Supreme Court decided. The high court ruled 3-0 …
The MEMIC Group, a Portland, Maine-headquartered workers’ compensation insurance specialty carrier, has promoted Jeffrey Funk to the title of president of the Eastern region. In this role, Funk will oversee the underwriting and marketing team for East coast states stretching …
Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines and cyber insurance products as well as advances in texting communications, producer management and licensing compliance, and digital risk …
The Machinists Union is providing more than $61,000 to help a shipbuilder recover from a gruesome injury at Bath Iron Works. Garrett Bailey was injured on Jan. 23, and the contributions came from a collection from Machinists Local S6 and …
Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft’s widely used mail server software, the company said early Thursday – a serious escalation that could portend widespread digital disruption. The disclosure, initially made on Twitter by …
Two new lawsuits filed in Marion County, Ore., seek more than $1 billion in damages from Pacific Power, claiming the utility’s negligence led to wildfires in the Santiam Canyon last year. The two lawsuits filed Wednesday represent over 100 people …
Heavy snow and high winds in northeastern Minnesota left hundreds without power and caused hazardous travel conditions while the southeastern region of the state experienced rain, large hail and tornado warnings. The St. Louis County Sheriff’s Office said slippery conditions …
The owners of a former Christian reform school for girls in southwest Missouri are charged with more than 100 counts alleging they sexually, emotionally and physically abused girls for years. Sixteen former residents of the Circle of Hope Girls Ranch …
The New York Department of Financial Services’ (DFS) Cybersecurity Division issued a March 9 letter to regulated entities regarding the recent Microsoft Exchange breach in which thousands of organizations were compromised via vulnerabilities in the Microsoft Exchange servers. On March …
Credit Suisse Group AG froze four more funds that invested in the bank’s $10 billion supply chain finance strategy, adding to the widening scandal surrounding the bank’s exposure to Lex Greensill’s failed empire. The additional funds have about $1.2 billion …