Articles by Young Ha

People’s United Insurance Agency Acquires Kesten-Brown in Connecticut

People’s United Bank N.A., a Bridgeport, Connecticut-based regional bank with nearly 400 retail locations in six states, announced that its subsidiary, People’s United Insurance Agency, has acquired Kesten-Brown Insurance, a Bridgeport, Connecticut-based insurance brokerage. People’s United Bank said the acquisition …

N.Y. Gov. Cuomo Announces New Measures to Combat Worker Exploitation

New York Gov. Andrew Cuomo announced on Oct. 14 new measures to support a statewide task force to combat worker exploitation. The measures include a new $700,000 funding to coordinate outreach and education with workers and employers, as well as …

Wal-Mart Sues Insurers for Alleged Breach of Contract in Morgan Settlement Case

Wal-Mart Stores Inc. recently filed a lawsuit against a number of its commercial excess liability insurers. The lawsuit alleges that the insurers are delaying to pay claims related to the giant retailer’s personal injury settlement paid to actor Tracy Morgan …

Virginia’s TowneBank Expands Insurance Unit With 3 Agency Acquisitions

TowneBank, a Portsmouth, Virginia-based community banking and financial services company, announced that it has acquired three insurance agencies in Virginia: Invincia Insurance Solutions in Chesterfield; Total Insurance Planning in Midlothian; and B.H. Baird Insurance in Warsaw. Terms of the transactions …

Best Agency to Work For – East

BELMONT, MASSACHUSETTS WT Phelan & Co. Best Agency to Work For – East 4th-Generation Family Agency Invests in Employees, Community Insurance Journal‘s 2015 Best Agency to Work For, Gold Winner – East Region – WT Phelan & Co. says proudly …

FEMA, HUD Grant Relief to Sandy Victims

The Federal Emergency Management Agency (FEMA) on Sept. 15 announced an official 30-day deadline extension for National Flood Insurance Program (NFIP) policyholders who are considering requesting Superstorm Sandy-related payment reviews. The announcement means the initial Sept. 15 deadline has been …

Planning the Special Event Insurance for Pope’s Philadelphia Visit

Pope Francis’ two-day visit to Philadelphia this weekend, which will close the Holy Father’s six-day apostolic journey to the U.S., has a special event policy in place with W.R. Berkley Corp. and OneBeacon Insurance as lead underwriters, according to a …

Plymouth Rock’s ‘Prime’ Combines Online Sales With IA Channel

Plymouth Rock Assurance — a Boston-based auto insurer serving Massachusetts, Connecticut and New Hampshire — launched a new online tool called “Prime.” The insurer says the new tool will give consumers the ability to buy and manage auto insurance policies …

District of Columbia, Maine, Pennsylvania Nix Price Optimization

The District of Columbia, Maine and Pennsylvania have recently joined a growing number of states and jurisdictions that issued directives prohibiting the use of price optimization. In Washington, D.C., the Department of Insurance, Securities and Banking’s (DISB) Acting Commissioner Stephen …

Plymouth Rock’s ‘Prime’ Combines Online Sales With Independent Agent Channel

Plymouth Rock Assurance — a Boston-based auto insurer serving Massachusetts, Connecticut and New Hampshire — this month launched a new online tool called “Prime.” The insurer says the new tool will give consumers the ability to buy and manage auto …