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The New York State Department of Financial Services in February issued more than $20 million in fines against three dozen auto insurers – for failing to timely report new and terminated auto insurance policies. But insurance companies and advocacy groups …

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Hastings Insurance Company based …

A former Ohio fire department administrator and police officer was sentenced in federal court here to 18 months in prison for starting dozens of arson fires in Wayne National Forest. James A. Bartels, 52, of Rio Grande, Ohio, started 26 …

A Michigan court struck down a large chunk of an $88,550 verdict for a Detroit-area organic gardener whose beloved clover lawn was destroyed by a man spraying herbicide — at the wrong address. Marilyn Mack reported depression, anxiety and random …

Mid- and small-market businesses (SMBs) face a lot of the same big-picture challenges, but how they prioritize risk, spending, and solutions varies widely. According to Nationwideis latest risk management survey, mid-market business owners are most concerned about economic and financial …

By Chad Hemenway The Federal Emergency Management Agency said in February that it needs to borrow $2 billion from the U.S. Treasury to cover claims from National Flood Insurance Program policyholders. FEMA, administrator of NFIP, said it expects to pay …

This is obviously a warped paraphrase of the famous line from ìThe Treasure of the Sierra Madre,î ìBadges! I donit need no stinkini badges!î Warped is the insurance world we live in, and here is what the future holds for …

Premium renewal rates were up again in fourth-quarter 2024 but continue to trend lower for most commercial lines products. Premiums increased year over year for all major commercial lines, except workers’ compensation, according to the January 2025 results of the …

By L.S. Howard Businesses are now required to implement robust workplace violence prevention plans in Californiaounder a new law that became effective in July 2024. But risk management experts warn that compliance needs to be more than a check-the-box exercise …

March 8— Multiple brush fires burned in Long Island State Pine Barrens Reserve, a wooded area near bedroom communities outside New York City, prompting Governor Kathy Hochul to declare a state of emergency. The fires in the 105,000-acre preserve in …