The Federal Emergency Management Agency has denied Virginia’s request for aid for individuals whose property was damaged by the Aug. 23 earthquake. Gov. Bob McDonnell announced the agency’s decision last Friday. He said he’s disappointed and will immediately appeal. The …
Utica National Insurance Group in New Hartford, New York, has appointed industry veteran Raymond Cox as senior vice president, chief financial officer and treasurer. Cox comes to Utica National Insurance from Munich Reinsurance America in Princeton, New Jersey, where he …
Branchville, N.J.-based Selective Insurance Group reported on Tuesday, Oct. 11, pre-tax catastrophe losses for the third quarter of around $70 million, or 20 points on the combined ratio. The loss estimate is net of reinsurance recoveries and inclusive of reinstatement …
New York federal court gave a preliminary approval to American International Group’s $725 settlement deal with Ohio public pension funds. It’s another forward step in AIG’s effort to resolve ongoing legal dispute with investors in the consolidated 2004 securities litigation. …
New York Governor Andrew Cuomo announced this week that federal disaster assistance is now available for homeowners, renters, small businesses, and municipalities in additional counties as a result of damages incurred by Tropical Storm Lee. Additions include: • Public assistance: …
A federal judge has delayed the sentencing date for the only defendant waiting to learn his punishment for his role in a $40,000 home insurance fraud case in Rhode Island. The sentencing hearing for Vincent DiPaolo was rescheduled to Tuesday …
Atlantic City has decided to bill insurance companies for fire department services. The City Council approved the ordinance this week without setting fees. Glassboro implemented such a system in 2005. Fire Chief Ralph Johnson told The Press of Atlantic City …
A Massachusetts independent agents group said it is confident that banning auto insurers’ use of credit scores and other socioeconomic factors will become a state law in coming months. The Massachusetts Association of Insurance Agents (MAIA) said it is preparing …
More than $5,089,356.61 in federal assistance to date has been approved to help Connecticut residents cope with their Tropical Storm Irene-related disaster expenses that are not covered by insurance. The federal assistance includes $4,807,542.38 approved in housing aid to help …
TD Insurance has appointed Karen Nash as assistant vice president and account administration manager in employee benefits in Portland, Maine. Nash will manage a staff of customer service agents who service employer group clients located across the TD Bank footprint …
