Monthly Archives: <span>September 2010</span>

Nearly 98 Percent of Wash. Motorists Use Seat Belts

Nearly 98 percent of motorists in Washington are using their seat belts, one of the highest rates in the nation, the state’s Traffic Safety Commission says. The percentage of Washington drivers and passengers using seat belts rose to 97.6 percent …

New York Looks to Reform Coastal Homeowners Insurance Market

New York insurance regulators are proposing a new set of consumer protection measures as part of a package of rules aimed at improving the availability and pricing of homeowners insurance in high-risk areas along the state’s coast. Among the proposals: …

ISO Developing Data on Driver Behavior for Use by Insurers

ISO’s Applied Informatix unit is developing a data source for insurers that want to develop state-of-the-art underwriting and rating plans involving driving behavior or use analytics to differentiate their driving behavior programs. According to Steven C. Craig, general manager of …

Guard Adds Two Field Reps in New Jersey and New York

Pennsylvania-based GUARD Insurance Group has bolstered its sales staff focusing on the New Jersey and New York. Gary May has been named senior field representative for New Jersey and southern New York. May brings over 25 years industry experience to …

Bank of Montreal Eyes U.S., China Acquisitions for Insurance Group

Bank of Montreal is on the hunt for acquisitions in the United States and China to expand its wealth management operations, while it sees growth in Canada coming from established operations, one of BMO’s top executives said Wednesday. Canada’s No. …

North Carolina Agent Accused of Embezzlement

Godfrey Gray Bell, Sr., of Greenville, N.C., has been arrested and charged with one count of embezzlement by an insurance agent, according to state officials. Department of Insurance criminal investigators allege that from Jan. 8 through 27, 2010, Bell, while …

Treasury Expects $706 Million from Remaining Interest in The Hartford

The U.S. Treasury Department said that it expects to earn proceeds $706.26 million from the auction of stock warrants in Hartford Financial Services Group Inc. Treasury said it sold about 52.09 million warrants at an auction price of $13.70 each. …

Massey CEO Accuses Feds of Lying in West Virginia Mine Probe

The embattled chief executive of Massey Energy has accused federal regulators of not making a genuine effort to investigate the explosion that killed 29 miners and injured two at the company’s Upper Big Branch mine in West Virginia. Instead, the …

House Expected to Go Along with 1 Year Flood Insurance Extension

Congress is on track to temporarily extend within days a troubled program that insures millions of U.S. homes and businesses against floods, with another push for a broad overhaul looking likely next year. The Senate on Tuesday approved an extension …

PartnerOne, Berkley Environmental Launch Small Business Program

PartnerOne Environmental, Beacon Hill Associates’ underwriting division, has established a partnership with Berkley Environmental, a Divisional of Berkley Specialty Underwriting Managers, servicing small to middle market environmental customers and their agents. The products offered by PartnerOne Environmental and Berkley include: …