The decision, issued on April 23, 2025, by the Appellate Division, Second Department, involves the 2018 planned sale of M.R. Korman Insurance. Veteran broker John Bures had negotiated to buy the agency from Marshal R. Korman. But before the agreement was signed, Marshal Korman passed away.
“Do most employers front-load or accrue time off benefits?” This question comes up a lot when I’m working with an organization to update its handbook and employment policies. Time off is one of those areas where employers have a lot of flexibility to customize their offerings*, and sometimes when we have a choice, we want…
For the first time since 2018, civil litigation and third-party claims re-emerged among the top seven concerns, with 63% of respondents identifying them as significant D&O risks. Smaller companies, with revenues under $50 million, and mid-sized firms generating between $1 billion and $5 billion, were more likely to cite litigation as a major issue. Source…
In 2024, the market is estimated to reach $42.8 billion in value, supported by greater awareness of liability risks and growing demand for tailored coverage across industries. Real estate professionals, in particular, have faced higher claim frequency in areas such as transaction disputes, data breaches, and duty-of-care allegations. Source link
“This collaboration further diversifies and expands Root’s offerings across distribution channels,” said Alex Timm, Root’s co-founder and CEO. “Our partnership channel has seen new writings increase 115% year-over-year as our pipeline continues to expand across the automotive, financial services, and agent sub-channels.” Source link
Net income for the quarter was US$274 million, or US$1.00 per share, compared to US$338 million, or US$1.24 per share, in the same period last year. Core income dropped to US$281 million, or US$1.03 per share, from US$355 million, or US$1.30 per share, year over year. Source link
