Monthly Archives: November 2010

The article characterized the Business Income as being a distinct advantage of the BOP over the traditional handling of business income on a Commercial Property Policy. While the BOP has streamlined the coverage, there are also inherent shortcomings of the coverage. One of those shortcomings is how the BOP treats ordinary payroll. On a Business […]

I bought a brand new Blackberry, had finally gotten over the learning curve of how to use it and had it fully loaded. A mere three weeks after my purchase, the phone fell in my laundry basket. I loaded up the washer and set it on permanent press. A moment later, I realized what had […]

Long-term care insurance, a product once seen as an obvious purchase for aging Americans, is under extreme pressure in its current form as the economics become increasingly difficult for underwriters. Insurers like Genworth Financial Inc. and Manulife Financial Corp.’s John Hancock, which dominate the market, are under pressure as a result. Even as they generate […]

Prudential Financial Inc., the second-biggest U.S. life insurer, plans to sell $1 billion of debt as soon as Monday to help pay for two overseas units from American International Group Inc. In a reversal of their previous position, the Departments of Labor, Treasury and Health and Human Services said forcing an employer to stay with […]

Employers are allowed to change insurers without their health care plans automatically losing grandfathered status under the health care reform law, federal regulators said Monday. In a reversal of their previous position, the Departments of Labor, Treasury and Health and Human Services said forcing an employer to stay with an insurer to keep a health […]

A landscaper who was accused of stealing more than $100,000 from a Boulder couple has settled a defamation lawsuit against his former clients for $1.25 million. Derek Thiess, 29, spent 10 days in jail last year and lost his 8-year-old landscaping business after Randel and Karin Mercer accused him of stealing from them over the […]

Public Service Electric & Gas will pay $450,000 to settle a wrongful death lawsuit brought by the family of a man killed in a 2008 house explosion. Sixty-six-year-old Richard Haas, who lived alone in the three-story Teaneck home, died after leaking natural gas ignited inside. The July 2008 blast leveled the house and damaged five […]

Your property management company may be making money off your condo association’s insurance policy. Some say that’s a conflict of interest because management companies also help associations pick their insurance. “Referrals should be based on good service only and not financial incentives,” wrote Jerri Franz, a spokeswoman for the Department of Financial Services. On Monday, […]

Washington’s Department of Labor & Industries (L&I) has announced a 12 percent average increase in workers’ compensation insurance premiums for 2011. Average premiums would go up by 6.5 cents per hour worked. The new rates take effect Jan. 1, 2011, under an emergency rule that is effective for 120 days. L&I will hold public hearings […]

Hilton Worldwide Inc. agreed to settle charges that it violated requirements that its hotels be accessible to people with disabilities and agreed to bring them into compliance, the U.S. Department of Justice said Tuesday. The settlement covers about 900 hotels in the United States built after Jan. 26, 1993, including those owned as part of […]