Monthly Archives: <span>April 2009</span>

Colwick Joins TD Insurance in Connecticut

Joseph D. Colwick has joined TD Insurance Inc. as an account executive based in Wethersfield, Connecticut. Colwick will be responsible for employee benefits sales to business customers throughout the Nutmeg State. He has 13 years of experience in the insurance …

Narragansett Bay Now Licensed to Write in New Jersey

Pawtucket, Rhode Island-based Narragansett Bay Insurance Co. said it’s been granted a license to write property and casualty insurance in New Jersey. New Jersey would be the fourth state where the company can write coverage — inculding Rhode Island, Massachusetts …

Loezius Wins Insurance Industry Outstanding Achievement Award

With 50 years of outstanding achievement and dedicated service to the National Association of Insurance Women (NAIW (International)), Martha Loezius was presented the Region VIII – American Association of Managing General Agents (AAMGA) award. The purpose of the award is …

MetLife Adds Two Sales Managers in New Jersey to Aid Expansion

MetLife Auto & Home has hired two sales execs to head up its growth plans for New Jersey. Kelli Rettig and Patrick Flaherty have both been named regional sales managers. Rettig will oversee southern New Jersey while Flaherty will oversee …

All Policies of Florida’s Coral Insurance To Be Cancelled May 31

All policies of Florida property insurer Coral Insurance will be cancelled as of May 31, 2009 and any unearned premiums will be returned to policyholders, under a state plan approved by a Leon County judge overseeing the receivership of the …

Florida’s Property Insurance Market: An Overview by Commissioner McCarty

It is always interesting, and frequently amusing, to read various “research” pieces on the Florida property insurance market. While I, like every other insurance regulator, industry professional and observer in the world, agree that the Florida property insurance market provides …

How Small Business Owners and Employees Are Surviving Recession

Small-business owners are concerned about their retirement savings, nearly half have put a freeze on hiring, they are drinking way more caffeine than they used to — but at least they haven’t given up on exercise. The survey of small …

World’s Financial Sector Facing ‘Hornet’s Nest’ of Political Risk

Oh, for the days when a little irrational exuberance was the biggest problem facing the world’s bankers and financiers. It is way beyond that now. With the financial world mired in a stubborn credit crisis and the U.S. economy in …

Chubb Q1 Profit Dips Along With Investments, Sales

High-end property/casualty insurer Chubb Corp. said Thursday that earnings fell in the first quarter, hit by losses on fund investments and declining policy sales. Chief Executive John Finnegan said the “difficult economic and investment environment” had caused some customers to …

Safety Lapses Found in West Virginia Bayer Chemical Plant Explosion

A large explosion and fire that took the lives of two workers at the Bayer CropScience plant in West Virginia last August was caused by a thermal runaway reaction during the production of an insecticide. The event likely resulted from …