New York, Pennsylvania, Vermont and New Jersey are among the eight states nationwide that will share in $400 million in new federal emergency aid announced by the U.S. Department of Housing and Urban Development last Friday. These funds will go …
Insurance industry conferences are usually serious and dry affairs. And they are probably even more so in the current environment where insurers have been grappling with huge catastrophe losses. But Dr. Robert Hartwig, president of the Insurance Information Institute, provided …
It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co. According to a news report, Liberty Mutual also made an offer last September to buy Harleysville but was …
The insurance industry is likely to see more robust mergers and-acquisitions activity in 2012, according to a New York investment and research firm. In 2011, the M&A deal volume started off relatively slowly, followed by a notable pick up in …
Tom Considine, commissioner of New Jersey Department of Banking and Insurance, is planning to step down in February, according to a local report, citing sources familiar with the matter. The Star-Ledger reported on Sunday, Jan. 22, that Considine will return …
Rye Brook, N.Y.-based specialty insurer The Navigators Group said this week that its principal underwriting agency subsidiary, Navigators Management Company, expanded its Navigators Re division by launching a professional liability reinsurance unit. The Navigators Group said this new professional liability …
The Consumer Federation of America, a Washington, D.C.-based group whose insurance division is directed by consumer advocate J. Robert Hunter, recently published a guide with “insiders’ advice” on filing a successful auto insurance claim, collecting a fair settlement, and dealing …
Authorities in New Jersey announced last week that a Union City woman and her Jersey City brother were indicted for their alleged roles in a scheme to submit false auto insurance claims. According to Acting Insurance Fraud Prosecutor Ronald Chillemi, …
Chartis said it is streamlining its geographic structure to add greater focus on its growth economies initiatives. The move comes amid the departure of Chartis Growth Economies CEO Julio Portalatin, who is leaving the company to lead Marsh & McLennan …
A panel of CEOs at a recent industry forum looked back and shared their thoughts on 2011, the year of record-high catastrophe loss for many carriers. Ohio Mutual Insurance Group CEO James Kennedy said that small- and mid-size mutual insurance …
