The Pennsylvania Insurance Department said its office of market regulation completed 334 enforcement actions and market conduct examinations in 2011. In all, the department issued 141 orders and adjudications, collected more than $900,000 in penalties and fines and recovered $3.2 …
Nearly three dozen Virginia high schools are participating in a safe driving campaign starting this week. The Virginia State Police is teaming up with Youth of Virginia Speak Out About Traffic Safety to increase awareness about seat belt use and …
W.R. Berkley Corporation reported net income of $117.9 million for its 2011 fourth quarter, a 7 percent decline compared to the same period one year ago when the company reported $126.9 million net income. The Greenwich, Conn.-based commercial lines P/C …
New Jersey’s new attorney general is reorganizing the enforcement arm of the state’s Division of Consumer Affairs to crack down on crimes involving prescription drugs. Attorney General Jeffery Chiesa announced the changes Monday. He said he will bring together three …
Voters in Lowell and Eden are going to vote on whether to request that an abandoned asbestos mine be declared a federal Superfund hazardous waste site so it can be cleaned up and eventually redeveloped as a biomass power plant. …
The Maryland Court of Appeals, the state’s highest court, ruled in favor of Allstate last week. It upheld a previous lower court’s ruling that the insurer was within its rights to stop writing new homeowners policies in coastal areas of …
State and federal programs offer homeowners in North Jersey’s flood-ravaged areas a buyout. But the combination of red tape and limited funding is keeping many from that promise and a fresh start in a new and drier location. Nelly Della …
Chubb Corporation said its commercial insurance renewal rates were up 6 percent in the 2011 fourth quarter, as the pace of renewal rate increases continues to accelerate. Chubb also said it secured renewal rate hikes in professional liability lines for …
New Jersey Gov. Chris Christie announced this morning that Banking and Insurance Department Commissioner Tom Considine will leave his post on Feb. 10.Considine, who became the Garden State’s top insurance and financial regulator in March 2010, plans to return to …
A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered. The bailout launched at the height of the financial crisis in September 2008 …
