New York State’s top financial regulator is urging the Republican majority in the state’s Senate to help establish the health insurance exchange. Gov. Andrew Cuomo and the Democrat-controlled Assembly, along with some moderates and Democrats in the Senate had a …
The law giving the Pennsylvania Insurance Department authority to review and disapprove rate increases in the small group health insurance market took effect on Wednesday. The law, Act 134, was signed into law by Governor Tom Corbett late last year. …
Narragansett Bay Insurance Company, a Pawtucket, R.I.-based specialty underwriter offering homeowners insurance and services, appointed two new property claims adjusters. Kyle Yee comes from Nationwide Insurance, where he worked as property/casualty claims representative. He is a licensed auto damage appraiser …
Penn State says it will reimburse the legal expenses of employees who received subpoenas from state attorneys prosecuting the child sex abuse case against former assistant football coach Jerry Sandusky. The university suggested Tuesday that those who received subpoenas retain …
Marsh & McLennan Companies Inc. said Alexander Moczarski, CEO of Guy Carpenter, has assumed the additional role of chairman at Marsh & McLennan Companies International. Moczarski will continue to be based in New York. Moczarski’s new responsibilities include oversight of …
Famed investment banking and securities firm Goldman Sachs is planning to get into the financial guarantee insurance market, according to a media report. Financial Times reported this week that Goldman Sachs had placed ads to hire New York-based staff for …
It looks like the courtroom battle has ended for the New York State’s broker compensation disclosure regulation. Earlier this month, the New York appeals court agreed with the lower court and said insurance regulators were within their rights to issue …
A chiropractor convicted of setting the fire that destroyed his practice and three other businesses wants the federal government to return 13 million Iraqi dinar seized from his suburban Philadelphia home. Jonathan Wiktorchik Jr. was ordered last year to spend …
Erie Insurance Group, the 20th largest P/C insurer in the country based on total lines net premium written, announced several officer appointments and promotions. Andrew Erman has been appointed as vice president and chief life actuary. He will oversee actuarial …
The Connecticut Insurance Department is advising homeowners to prepare their property against potential springtime weather risks, such as excessive rainfall and flooding. The state’s insurance commissioner Thomas Leonardi says it’s essential for homeowners to understand their coverage – what they …
