A former New Jersey insurance agent has been sentenced to five years in prison for stealing over $300,000 in premiums from numerous commercial clients. Richard Pisacane, who served as CEO of the former Northern Financial Group, was also ordered to …
While commercial insurance prices continue to remain relatively flat for the sixth consecutive quarter, insurers using predictive modeling in their pricing and risk selection report that they were better able to hold price levels. That’s according to professional services company …
A lawsuit over the death of a 15-year-old football player in Louisville, Kentucky has been settled for $1.75 million. Insurers for the Jefferson County Public Schools and its employees agreed to pay the sum to the parents of Max Gilpin, …
American International Group Inc. plans to list its Asian life insurance unit, AIA Group Ltd., on Oct. 29, aiming to raise about $15 billion in Hong Kong, sources familiar with the deal said on Monday. AIG, which is nearly 80 …
Hurricane Igor battered Bermuda with ferocious winds, waves and rain Sunday, felling trees and power lines in the Atlantic island chain in one of the worst storms to hit the British overseas territory. The U.S. National Hurricane Center said the …
A northeastern Pennsylvania jury has decided against awarding damages to four people who claim they were sickened by a gasoline spill that contaminated hundreds of homes almost two decades ago. The Luzerne County jury decided that the two couples waited …
All over the city, witnesses compared stories of the destruction they saw _ roofs peeled away, street signs uprooted, storefront windows blown out, thick tree trunks snapped in half, a parked van lifted a foot into the air. So it …
The Hartford has appointed Lisa Morgan as senior vice president of its Middle Market commercial insurance business. Morgan will lead The Hartford’s $2 billion middle market commercial insurance unit that provides the property/casualty protection needs of midsized businesses and other …
A new managing general agent facility has formed in Pasadena, Calif. Under the leadership of President Robert Markese and Senior Vice President Hal Thompson, the new company — called Commercial Program Insurance Services — will offer specialized programs, commercial general …
Insurance agents and brokers want the California State Compensation Insurance Fund to change its broker of service policy and instead recognize broker of record (BOR) letters. While the policy not to recognize BOR letters is not new, the Alliance of …
