Gov. Andrew Cuomo's proposal to reform workers' compensation and unemployment insurance will help cities and towns balance their budgets as they struggle with state limits on property tax increases, said New York State Transportation Commissioner Joan McDonald on Thursday.
Liberty Mutual, one of the largest insurance companies in the country, plans to phase out its regional brands this year, including Peerless Insurance in the Northeast, so it can focus on using the Liberty Mutual brand nationwide.
In addition to Peerless, the Boston insurance giant is also eliminating ...
AIG announced that it has entered into a reinsurance transaction with Compass Re Ltd., which will provide $400 million of peak-zone protection against U.S. hurricanes and earthquakes. To fund its potential obligations to AIG, Compass Re Ltd. issued a $400 million catastrophe bond in a single tranche.