News

‘Super Storm’ the Ride Now Running at New Jersey Shore

“Super Storm” the ride is now up and running on the New Jersey shore. The new attraction is located at the Casino Pier in Seaside Heights, N.J., where Superstorm Sandy is best known for toppling a roller coaster into the …

Businesses Seek Cure for Health Care Cost Surge

A year ago, Teresa Hartnett was on the verge of expanding her small business. The company had hit $1 million in sales, and requests from clients were flowing in. She planned to transition from nearly 30 freelancers to a full-time …

Selective Insurance Announces Officer Appointments in N.J., Penn.

Selective Insurance Group in Branchville, N.J., announced the following appointments by its subsidiary, Selective Insurance Company of America. Jeffrey Beck to senior vice president, government and regulatory affairs. He is based in Lafayette Hill, Penn. Beck joined Selective in 2007 …

Colorado University Gets Support for ERM and Insurance Program

The College of Business at Colorado State University is a step closer to launching a program to train students in the insurance and risk management fields thanks to a $150,000 gift from the IMA Foundation. The Enterprise Risk Management and …

Salvation Army to Be Named in Philadelphia Building Collapse Lawsuits

The Salvation Army will become the latest defendant in litigation over a deadly Philadelphia building collapse. Six people died inside a Salvation Army thrift store when an adjacent building being demolished collapsed on them in June. Lawyer Robert Mongeluzzi says …

AIG Expands D&O Side A Capacity to $100 Million

American International Group, Inc. (AIG) is has increased its global Side A directors and officers (D&O) liability insurance to $100 million. This new capacity from AIG can facilitate the resolution of severe and complex litigation. Companies can now meet their …

Ohio Woman Sentenced for Fraud Involving $60K Insurance Claim

Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced that Patricia Young, of Piqua, was sentenced to three years of community control and 17 months incarceration (suspended) in Miami County Common Pleas Court for insurance fraud. “Insurance fraud …

Indiana Motorcycle, Alcohol-Related Deaths Up

Researchers say Indiana roads were more deadly last year for motorcyclists and for people driving after drinking. The report by the Indiana University Public Policy Institute’s Center for Criminal Justice Research found a 28 percent increase in motorcycle fatalities in …

Swett & Crawford Appoints VP of Human Resources in Atlanta

Wholesale insurance broker Swett & Crawford appointed Nancy Gibbons as vice president of human resources. She is based in Atlanta.Gibbons has held various key roles in her career including vice president of human resources for the securities brokerage operations for …

Want to Make More Money in the Insurance Business? Specialize.

Insurance producers who specialize in an industry or insurance product line make more money than those who don’t. Likewise, agencies that encourage their producers to specialize bring in more revenue than those agencies that are content with generalization. That’s according …

News Archives by Month