The U.S. insurance industry, already bruised by one of the most devastating weather years in history, appears to have suffered another blow from Saturday’s unprecedented northeastern snowstorm. Early data from some of the country’s largest insurers suggests the hit was …
Branchville, N.J.-based Selective Insurance Group appointed Amy Carver as executive vice president and chief human resources officer. In her new role, Carver will assume responsibility for all human resources functions including employee management, benefits, diversity and compensation. Most recently Carver …
The National Flood Insurance Program (NFIP) said it is offering insurance agents free training seminars on flood insurance in several locations across Pennsylvania. The seminars will cover basic insurance issues and also focus on how best to assist NFIP policyholders …
A freak October snowstorm knocked out power Sunday to more than 3.1 million homes and businesses across the U.S. Northeast, with close to two feet (60 centimeters) of snow falling in some areas over the weekend. The storm was even …
Selective Insurance Group, based in Branchville, New Jersey, reported net loss of $20.1 million for the third quarter. The insurer had posted net profit of $17.2 million during the same period one year ago. The insurer blamed big catastrophe losses …
Insurance broker William Gallagher Associates Inc. will pay $1.7 million as a settlement with Connecticut regulators over allegations that it overcharged a client. The state regulators accused the Massachusetts-based broker of overcharging a local business, Milford Power Company, millions of …
The Virginia Farm Bureau is warning motorists to be mindful of deer wandering onto roads and highways, a common hazard during this time of year. The Farm Bureau should know. It says Virginia is among the top 10 states in …
The unusually early snowstorm bringing heavy, wet snow to the East Coast has knocked out power to nearly 580,000 customers. Most are in Pennsylvania. Utilities there say 428,000 customers have lost power. PPL spokeswoman Lissette Santana says 200 crews were …
New York-headquartered international reinsurer Transatlantic Holdings reported third-quarter net income of $68 million, down significantly from $134 million one year ago. The earnings were hurt by $71 million of pre-tax net catastrophe costs (net of reinsurance and net reinstatement premiums) …
Lockton Companies, a Kansas City, Mo.-headquartered insurance broker, appointed Joe Sheridan as a marine specialist in its New York office. Sheridan will be responsible for developing Lockton’s U.S. marine business with emphasis on providing insurance and risk management services to …
