Monthly Archives: <span>May 2014</span>

Elias B. Cohen & Associates Appoints Vice President in New Jersey

Elias B. Cohen & Associates, a Roseland, N.J.-based insurance agency, has appointed Jonathan Kaplan as vice president in the commercial lines department. Kaplan most recently served as account executive for Geisenheimer Insurance Agency. He has over 28 years’ experience in …

New Texas Windstorm Rules Establish Method for Issuing Bonds

New rules posted by Texas insurance regulators on May 23 implement a process by which bonds may be issued on behalf of the state’s wind insurer of last resort for properties along the Texas coast. The Texas Department of Insurance …

Insurers See Claims Rising in Pennsylvania Following Last Week’s Hail Storm

Some insurers say they are seeing an increased volume of claims in Pennsylvania following last Thursday’s freak hail storm that caused widespread damage in communities in the eastern part of the state. State Farm said that, as of end of …

XL Adds 4 to East Coast Excess Casualty Teams

XL Group has enhanced its excess casualty teams in New York and Atlanta to accommodate its continued growth and sharpened focus on target industries – real estate, hospitality, grocers, restaurants and retail. In New York, XL Group adds Tiffani Ann …

N.Y. Orders Narragansett Bay Insurance to Pay $327,400 Fine

New York Gov. Andrew Cuomo’s administration announced today that Narragansett Bay Insurance Company will pay a $327,400 penalty for failing to perform timely inspections of Superstorm Sandy damage claims as required by New York Insurance Law and regulations. The company’s …

New Hampshire Weighs Limited License for First-Time Drunk Drivers

New Hampshire House and Senate negotiators reached a tentative deal this week on legislation allowing a limited driver’s license for first-time drunken drivers to go to work, medical treatment, school or other locations approved by a New Hampshire judge. The …

California Wildfire Zone Treated to Calmer Weather

Weather looks to be friendlier for firefighters today as they hope to fully contain a Central California wildfire that led to the destruction of two homes. Some 50 residents were allowed to return to their homes Wednesday night, two days …

Sunshine State Insurance Co.’s Future Unclear After UPC Deal Falls Through

The future for Florida’s Sunshine State Insurance Co. (SSIC) is unclear now that a deal by another insurer to rescue it has fallen through. United Insurance Holdings Corp. (UPC Insurance Co.) yesterday announced it had terminated its bid to acquire …

Danger of Another Colorado Landslide Ends Search For 3

Authorities are bracing for the possibility of another landslide in a remote part of western Colorado amid dangerously unstable conditions that led them to call off the search for three ranchers missing there. Mesa County Sheriff Stan Hilkey said Tuesday …

U.S. Supreme Court Rejects Fen-Phen Lawyers’ Appeal of $42M Kentucky Verdict

A $42 million judgment against a group of former attorneys will stand after the U.S. Supreme Court declined to take up an appeal in the case. The justices on Tuesday rejected a request from now-disbarred lawyers William Gallion, Shirley Cunningham …