Monthly Archives: <span>October 2013</span>

New Jersey Gov. Christie Helps Towns Mark Sandy Anniversary

On the anniversary of Superstorm Sandy, New Jersey Gov. Chris Christie toured the state Tuesday to celebrate New Jersey’s progress in recovering from the devastating storm, but he also heard from residents whose lives are still in tatters.Visiting a flood-damaged …

Many Sandy-Displaced N.J. Residents Dissatisfied With Insurers: Survey

A new survey of New Jersey residents who have been displaced from their homes because of Superstorm Sandy shows many of them are not happy with their insurers. The Monmouth University Polling Institute in West Long Branch, N.J., conducted a …

The Ins and Outs of Buying and Selling Insurance Agencies

Buyer demand for available independent agencies is greater than the supply and it’s been that way for years, according to Rick Bondurant, director of management services for the Independent Insurance Agents of Texas. “Even the smallest book has a wide …

New York Creating Gas Reserve to Prevent Shortages During Emergencies

New York Gov. Andrew Cuomo says New York is creating the nation’s first state gasoline reserve to prevent shortages during emergencies. Cuomo said Saturday that a pilot program on Long Island will hold 3 million gallons of fuel for motorists …

ACE Bermuda Launches New CODA Premier D&O Policy

ACE Bermuda has launched a new CODA Premier directors and officers liability policy. The CODA Premier policy offers personal asset protection to directors and officers and is available through ACE’s commercial property and casualty insurance businesses in North America. Enhancements …

Good Alignment Between All Parties Benefits Insurance Agency Buyout

Situation: A majority partner wants to sell the agency; the rest of the partners don’t. What to do? Gaylon Brown and his partners had that problem last year. When he received a marketing email from Carmel, Ind.-based Oak Street Funding …

ISO Launches Standardized Motorcycle Program for Personal Lines Insurers

ISO has filings underway for its new standardized motorcycle program. The program consists of forms, rules, and loss costs tailored to fit the specific requirements for insuring a motorcycle. The base policy provides liability, medical payments, uninsured motorists, and physical …

Sandy Survivors Recall Challenges of Past Year

The trauma inflicted by Superstorm Sandy’s fierce floodwaters was etched on the faces of many homeowners Tuesday, a year after the storm made landfall, as they recalled the challenges they have faced during the past year. Rebuilding efforts continued throughout …

Roundstone Management Welcomes New Regional Sales Managers

Westlake, Ohio–based Roundstone Management Ltd., which focuses on the alternative risk market, added three new regional sales managers. Charles Gragg, David Fox and David Grenell are now part of the Mid-Market Med stop loss sales team. With more than 25 …

Hundreds Still Displaced by Sandy Damage in Connecticut

A year after Superstorm Sandy drove Deborah Dinan from her Milford, Connecticut, home, she lives above a loud bar and is often reduced to tears as she struggles to return. Dinan, a 59-year-old nurse on disability due to health problems, …