East News

Penn.-based Insurance Agents & Brokers Hires Brinjac

Insurance Agents & Brokers Services Group in Pennsylvania appointed Lauren Brinjac as government affairs director. In her role, Brinjac will oversee legislative advocacy efforts of the organization throughout Delaware, Maryland and Pennsylvania. She will be based in Insurance Agents & …

New Jersey Looks to Put a Lid On Its Auto Insurance ‘Pot of Gold’

New Jersey’s auto insurance personal injury protection (PIP) regulations are due for an update. The state’s law requires that the Department of Banking and Insurance (DOBI) revisit the rules every two years. The proposed rule changes are drawing a great …

Sen. Blumenthal Asks State Farm to Drop Hurricane Deductible for Irene

U.S. Senator Richard Blumenthal (D-Conn.) called on State Farm Insurance to drop its hurricane deductible for Connecticut residences whose homes were damaged by Tropical Storm Irene. Blumenthal was joined at his Hartford press conference on Tuesday, Oct. 11, by Elizabeth …

Aon Hires Willis Executive to Lead Contract Surety Unit in Boston

Aon Risk Solutions appointed Paul Healy as executive vice president and national managing director of contract surety. Based in Boston, Healy will lead Aon’s national contract surety unit, which helps contractors and corporations secure necessary credit facilities for their businesses. …

New York-based Navigators Group Names Interim CFO

Rye Brook, N.Y.-based specialty insurer The Navigators Group said its chief financial officer Francis McDonnell will be retiring at the end of the month. The company said senior vice president of finance Ciro DeFalco will fill the CFO position on …

New Jersey Workers’ Comp Insurers Seek 6.9% Rate Hike

The New Jersey Compensation Rating & Inspection Bureau has filed a request with regulators to increase workers’ compensation rates by 6.9 percent effective 2012. “It will be reviewed by the Department of Banking and Insurance. A 6.9 percent increase is …

XL Group Hires New York-based East Region Executive

Bermuda-headquartered XL Group said its insurance unit hired Michele Sansone as senior vice president and eastern regional executive, based in New York City. She will be responsible for managing XL’s property underwriting activities throughout the eastern United States. In her …

Swiss Re Opens General Aviation Office in New York

Swiss Re Corporate Solutions’ aviation unit is expanding its operations in the North American general aviation (GA) market. It launched a New York-based underwriting team dedicated to developing its GA portfolio across the United States. Swiss Re Corporate Solutions is …

Hartford Is Latest Site of Wall Street Protest

The protest movement that began with anti-corporate greed rallies on Wall Street has made its way to Hartford. The “Occupy Hartford” demonstrators camped out this past weekend at the corner of Broad Street and Farmington Avenue. Several dozen people kicked …

The Hartford Says Its Balance Sheet is Strong

At an investor meeting on Oct. 6, The Hartford Financial Services said the company has “significantly enhanced” its financial risk management and believes its balance sheet is strong. The company also announced it is forecasting $200 catastrophe losses, pre-tax, for …

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