WASHINGTON--The Supreme Court ruled yesterday in the 19-year-old Exxon Valdez oil spill case that punitive damage awards should be predictable and not exceed a one-to-one ratio with compensatory damag

NEW YORK--New York Gov. David Paterson last night confirmed that the state is seriously considering resurrection of the long-defunct New York Insurance Exchange as part of its financial services modern

Aon eSolutions, the client technology arm of Aon Corporation (NYSE:AOC) and the leading provider of global risk and insurance solutions, has released a new environmental module as part of

Passage of the reform measure drew immediate praise from Workers' Compensation Board Chairman Zachary S. Weiss, who said in a statement that the legislation "will help reinforce the self-insurance ind

The New York Legislature has passed a bill that would prevent insurers from denying claims for injury or property damage based on late notice by the claimant unless the insurer can show that it was pr

Canton, Mass.-based OneBeacon Insurance Group said it has signed an agreement to acquire Entertainment Brokers International Insurance Services (EBI), a managing general agency specializing in the ent

Canton, Mass.-based OneBeacon Insurance Group said it has signed an agreement to acquire Entertainment Brokers International Insurance Services (EBI), a managing general agency specializing in the ent

The state of Connecticut, which on June 2 enacted legislation to become a captive insurer domicile, won't be funding the operation for months or hiring a captive administrator any time soon, an offici