Sponsored by Senator George D. Maziarz, R-Newfane and Assemblywoman Susan V. John, D-Rochester, the legislation was approved on Tuesday and signed into law today. It followed recommendations in a repo

The rating actions by the two firms followed XL Capital's announcement yesterday of $1.5 billion to $1.7 billion fourth quarter 2007 charges for credit related investments, including the company's

Their comments came at a briefing Friday after the first formal session of the New York Commission to Modernize the Regulation of Financial Services. The group, it was explained, held discussions to c

Insurance industry professionals were in lockstep in defining the current construction insurance market as soft, or at least as experiencing some pressure in rates. Most, though, said they would

While the general softening of the property-casualty market has spilled over to contractors liability to a degree, plenty of legal concerns and uncertainties remain for those working on residential

The softening in the builders risk market over the last few years not only showed no sign of a turnaround in 2007 but has expanded into catastrophe-prone areas as well--particularly along the Gulf and

The New York State Insurance Department has proposed medical treatment guidelines for those injured on the job, which regulators say are designed to hold down workers' compensation costs and ensure

As New York forges ahead to implement this year's landmark changes in its new workers' compensation reform law, the state's two major independent agent groups are expressing some serious but