Author Archives: Editor - Finance Top Stories

Premiums, Claims Severity on Rise in Architects & Engineers Market: Survey

For the third consecutive year, most insurers providing professional liability insurance for architects and engineers saw their premium rates increase modestly in 2014, as expectations of larger rate hikes were tempered by steady competition. A new survey by insurance broker … Continue reading

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Pennsylvania Workers’ Comp Rate to Decline for 4th Year

The cost of workers’ compensation insurance is declining for the fourth consecutive year in Pennsylvania. The state departments of Insurance and Labor Industry said on Friday, March 27, that overall rates will decline by 5.99 percent while benefits for injured … Continue reading

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Massachusetts Governor Asks for Snow Disaster Declaration

Massachusetts Gov. Charlie Baker formally asked the federal government on Friday, March 27, to declare a disaster in 10 Massachusetts counties after a relentless series of winter storms brought record snowfall and frigid temperatures, causing 25 deaths and costing the … Continue reading

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NYC Mayor: Someone May Have ‘Inappropriately’ Tapped Gas Line

Someone may have improperly tapped a gas line before an explosion that leveled three apartment buildings and injured nearly two dozen people, New York City Mayor Bill de Blasio said on Friday, March 27, as firefighters soaked the still-smoldering buildings … Continue reading

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Michigan’s Auto Insurance Catastrophic Injury Fee to Drop to $150

The annual auto insurance fee that Michigan drivers pay toward caring for people catastrophically injured in crashes is dropping from $186 to $150. The Michigan Catastrophic Claims Association announced March 25 that the new per-car assessment for the 12 months … Continue reading

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Los Angeles Mayor Backs Retrofit Tax Measure for Quake Upgrades

Saying a big earthquake is inevitable, Los Angeles Mayor Eric Garcetti is supporting a state measure that would offer incentives for people to make their buildings safer during a temblor. City News Service says Garcetti has backed a measure that … Continue reading

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Los Angeles Woman Awarded $28.2M in Lost Leg Suit Against Kaiser

A Los Angeles jury has awarded $28.2 million to a woman who said treatment delays by Kaiser Permanente doctors cost her a leg. City News Service says jurors found that Southern California Permanente Medical Group was negligent. Twenty-three-year-old Anna Rahm … Continue reading

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New Hampshire Senate Delays Workers’ Compensation Reform Deal

New Hampshire state senators have pushed off a deal to reform New Hampshire’s workers’ compensation insurance laws. The chamber voted Thursday to send a tentative deal, which would’ve given providers three years to bring down costs on their own without … Continue reading

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Lender says will make ‘significant’ new bid for RadioShack

By Tom Hals WILMINGTON, Del (Reuters) – A lender to bankrupt RadioShack Corp (RSHCQ.PK) told a U.S. judge on Friday it was prepared to present a new offer that was a “significant improvement” over a rival proposal that was selected … Continue reading

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ProSight, Affinity Partner on Golf, Country, Leisure Club Program

ProSight Specialty Insurance and Affinity Agency Group, LLC have partnered to create ClubComplete, a specialized one-stop insurance product for golf, country and leisure club owners and managers. ProSight’s ClubComplete is designed for private golf and country clubs, public golf courses, … Continue reading

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