News
A Year After Sandy, Rebuilding Continues in Storm-Hit Towns
A year after Superstorm Sandy inundated the East Coast with record flooding that left 159 people dead, residents of the hard-hit New Jersey shore still have a ways to go in rebuilding damaged ...
Coverys Acquiring Ohio Medical Liability Insurer OHA
FinCor Holdings Inc., a member of Coverys which is based in Boston, has agreed to acquire OHA Holdings Inc. and its wholly-owned subsidiary OHA Insurance Solutions (OHAIS), located in Columbus, Ohio. ...
New York Announces Emergency Disaster Protocol for Insurers
New York Gov. Andrew Cuomo announced that his administration has established a new emergency disaster protocol that insurers should expect to follow in the event of future severe storms and other ...
Toyota Settles Acceleration Case After $3M Verdict
Toyota Motor Corp. reached a deal last Friday to resolve a lawsuit in the United States over unintended acceleration issues, one day after a jury found the Japanese carmaker liable and ordered it to ...
Insurance, Tax, Climate Groups Hit Proposed Delay in Flood Insurance Increases
The prospect of a delay in flood insurance reforms that are raising premiums for many homeowners is being met with pushback from business, taxpayer, climate and insurance groups. Rep. Maxine Waters, ...
Hyperion Group’s DUAL of London to Acquire PGI Commercial in Florida
The London-based Hyperion Insurance Group, an international insurance intermediary, announced its intention to expand its underwriting agency business in the U.S. through the acquisition, by its ...
FIRREA: Government’s Key Weapon in Financial Fraud Cases
The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks over conduct that fueled the financial crisis. To convince a ...
Hartford Profit Jumps as McGee Shifts Focus; Shares Advance
Hartford Financial Services Group Inc.'s profit surged as the insurer focused on property/casualty coverage after divesting life and annuity units. The company gained in extended trading. ...