Commercial Lines
Maine Employers Not Required to Reimburse Employees for Medical Marijuana Use
The Maine Supreme Court has ruled that employers in the state are not required to reimburse employees for their use of medical marijuana under the Maine workers compensation system because federal ...
AmTrust Shareholders Approve Revised $2.95B Plan to Go Private
Insurer AmTrust Financial Services said that AmTrust stockholders have approved a deal for it to become a private entity, a deal that values it at $2.95 billion and was negotiated after activist ...
Industry Shocker: Reserves Still Adequate
Although analysts at Conning didn't actually use the word "shocked" in their latest report on the property/casualty industry's loss reserve position, the title of the report—and the image on the ...
The Next Tobacco? Climate Litigation Threat Growing: Opinion
Last month, a group of 10 families filed an action against the European Union at the European General Court, the EU's second highest court. All claim to have suffered loss from climate change. ...
Fracking Doesn’t Impact Groundwater: Studies
New research suggests drinking water supplies in Pennsylvania have shown resilience in the face of a drilling boom that has turned swaths of countryside into a major production zone for natural gas. ...
‘Yes’ Vote For AmTrust Buyout Won’t Stop Arca Capital Fight
Arca Capital is not backing down on its opposition of the privatization of AmTrust Financial Services, Inc., the investment firm said yesterday, announcing that court action is likely if shareholders ...
WCIRB: Calif. Workers Comp Written Premium to Be Down Again This Year
Lower workers compensation rates in California will bring down written premium once again this year, according to a forecast from the Workers Compensation Insurance Rating Bureau. That revelation is ...
Custody Protection, Regulation, Insurance Seen Paving Way for Shift to Cryptocurrencies
Hedge fund manager Kyle Samani embraces his job making multimillion-dollar bets on the wild market for cryptocurrencies, but he's long contended with a headache: ensuring his holdings aren't stolen. ...