December 20, 2010
Why Young Agents Stand by Their Career Choice Most enter the insurance business by accident but for young independent insurance agents, the decision to stick with insurance as a permanent career is a matter of choice. A healthy 84 percent …
December 17, 2010
New Jersey is moving toward making polluters pay the full cost of cleaning up offshore spills. A bill to remove a cap on liability for oil and other spills into coastal waters was passed by the state Senate on Monday …
December 17, 2010
Arthur J. Gallagher & Co. said it has acquired wholesale insurance broker Continental Excess & Surplus, Inc., trading as Continental/Marmorstein & Malone, located in Paramus, New Jersey and its affiliate, All Risk/CESI, LLC., located in New York City. Terms of …
December 16, 2010
A federal jury in New Jersey has found a California man guilty of selling bogus liability insurance policies. The jury returned its verdict against 62-year-old Ronald Allen of North Hollywood, Calif., following a seven-day trial in Camden. Prosecutors say Allen …
December 13, 2010
Pet owners who witness their animals being killed by another creature cannot seek damages for emotional distress, a New Jersey appellate court has ruled. The decision issued Friday came in the case of a woman whose small dog was mauled …
December 13, 2010
Within hours of President Barack Obama signing into law last March the healthcare reforms he had championed, several states filed lawsuits challenging the constitutionality of new requirements, including one that individuals buy health insurance. Most legal scholars expect one of …
December 13, 2010
Chubb has inked a consulting agreement with retiring COO and Vice Chairman John Degnan, who will stay on next year as a senior adviser to the New Jersey-based insurer. Degnan, who is set to retire at the end of the …
December 10, 2010
The government has added more charges in the bribery case against a former New Jersey school superintendent and an insurance broker. In a superseding indictment announced this week, Michael Ritacco and Francis Gartland face a combined nine counts of conspiracy …
December 10, 2010
The wholesale brokerage unit of Pat Ryan’s Ryan Specialty Group LLC, has acquired one of the nation’s largest executive and professional liability intermediary specialists. R-T Specialty LLC acquired Bloomfield, Conn.-based Oakbridge Insurance Services LLC, an insurance intermediary focused exclusively on …
December 9, 2010
Some New Jerseyans might have to pay if they need the fire department or an ambulance. Salem’s City Council has adopted an ordinance that would allow the fire department to charge to recover costs. The council says most fire and …