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Schwartzman Named Deputy Superintendent in New York

Martin A. Schwartzman has been named deputy superintendent for Strategic Planning and Market Initiatives at the New York State Insurance Department. The new post designed to ensure that the Insurance Department is operating effectively in meeting the needs of consumers …

New Jersey Insurance Agent Indicted for Stealing $300K in Premiums

The former CEO of a now-defunct insurance agency in New Jersey has been indicted for stealing over $300,000 in commercial insurance premiums. Richard Pisacane, former head of Bayonne-based Northern Financial Group, has been charged with theft and misapplication of entrusted …

RiskProNet Elects O’Connor as President

Gerry O’Connor, senior vice president – commercial division of Old National Insurance in Indianapolis, has been named 2010 president of Menlo Park, Calif.-based RiskProNet International, a network of 24 independent insurance brokers in North America. O’Connor has been a multi-line …

Wife Seeks $285M after Husband Fatally Shot by NYC Police

The wife of a Bronx, New York man who was fatally shot by a police officer while defending his stepdaughter is suing for $285 million. The wrongful death suit filed Friday names the city and Officer Michael Falcione. Sandra Rodriguez …

Big ‘I’ Agents Gain Access to Engineering Firms’ Insurance Program

The Independent Agents & Brokers of America Big “I” Markets program announced a partnership with the American Council of Engineering Companies (ACEC) to provide Big “I” members with exclusive access to the ACEC Business Insurance Program, which provides business insurance …

Connecticut Jury Awards $1M to Victim of Alleged Rape

A Connecticut teenage girl who says she was raped in the back of a taxi in Naugatuck in 2007 has been awarded $1 million in a lawsuit against the alleged attacker and the cab company. A Waterbury Superior Court jury …

Has Flu Pandemic Peaked? ‘Not Quite,’ Say Health Experts

Has the swine flu pandemic peaked globally? Not quite, World Health Organization advisers decided on Tuesday. WHO is taking a big risk in making such an announcement at all, and the wording of WHO Director-General Dr. Margaret Chan’s decision, to …

Louisiana: Tax, Premium Advantages Available for Retrofitting Structures

Louisiana residents can apply for a state tax deduction for retrofitting their homes, as well as an insurance premium discount for building or retrofitting your home to comply with the Louisiana State Uniform Construction Code. The Louisiana Department of Insurance …

Marsh Concludes Energy Sector Applies Risk Lessons from Past Losses

New research by Marsh has concluded that, “despite an increase in the size and scale of new energy infrastructure projects, national oil companies (NOCs) and other energy and chemical concerns are experiencing fewer and less-severe major losses than in previous …

New York Recovered $32.2M for Policyholders Last Year

New York insurance regulators recovered $32.3 million last year for consumers who complained about insurers’ business practices and claims handling. The Insurance Department investigates approximately 60,000 complaints a year. In all, 7,780 people across the state received money back as …

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