The Metropolitan Transportation Authority plans to use bonds designed to help New York City’s subway operator guard against storm surge damage after suffering $4.8 billion in wreckage from Hurricane Sandy.The largest U.S. transit agency will buy protection from MetroCat Re …
The Strategic Insurance Agency Alliance (SIAA) announced that among the 25 new member agencies that signed with the group during June, 11 are located in the Midwest. New SIAA members based in the Midwest are: Grand Slam Insurance Agency of …
IMA Inc. named Brian Bovasso director of the its public company and large risk practice. This is a new practice that will be part of IMA’s Executive Risk Solutions. Bovasso will lead the continued development and expansion of IMA’s executive …
A New Jersey man has admitted to supervising an auto theft ring that authorities say stole over 100 vehicles worth a total of more than $550,000. The Attorney General’s office says 33-year-old Jose D. Lopez of South Amboy pleaded guilty …
The New York Department of Financial Services on Monday approved a revised loss cost filing from the New York Compensation Insurance Rating Board (NYCIRB) with an effective date of Oct. 1, 2013. As a result, policyholders in New York State …
An official says the deepest part of the 22-acre sinkhole near Bayou Corne, La., is at least 500 feet deep, and not between 110 to 220 feet deep that has been estimated by Texas Brine. John Boudreaux, director of the …
Indianapolis, Ind.-based property/casualty insurance and employee benefits agency, MJ Insurance, has added four employees in its Indianapolis headquarters. Joining MJ Insurance are Lisa Thomas, account manager; Erin Fitz, account coordinator; Stephanie Hamil, commercial lines assistant; and Tony Mallette, IT help-desk …
The Navigators Group Inc. announced that its principal underwriting agency subsidiary, Navigators Management Company, named Timothy D. Ryan as president of the Excess Casualty unit of Navigators Specialty, which focuses exclusively on U.S. wholesale brokers. Prior to joining Navigators, Ryan …
Specialty insurance brokerage firm, Alliant Insurance Services, has promoted senior vice president Todd Hagemeier to executive vice president and managing director of Alliant Healthcare Solutions, the firm’s national healthcare practice. He is based in Dallas. Hagemeier, who joined Alliant in …
A former Bixby, Okla., insurance agent has been sentenced to ten months home confinement after pleading guilty to wire fraud that allowed him to illegally take commissions earned by other insurance agents, the Oklahoma Insurance Department’s (OID) announced. The conviction …
