New Jersey News

Thomas, Wilson Named Senior VPs at Great American Insurance

Cincinnati, Ohio-based Great American Insurance Group’s Property and Inland Marine Division has promoted two insurance executives: Grace Thomas and Cecil Wilson. Thomas was promoted to divisional senior vice president, with responsibility for the Northeast area of the United States with …

Mercury Insurance Cuts Calif. Auto Rates About 10%

Mercury Insurance announced a $72-million rate reduction for California drivers that includes a rate decrease that could reach up to 10% or more, a new group affiliation discount for university alumni, and the inclusion of 24-hour roadside assistance for auto …

New Jersey Towns Look to Charge Insurers for Fire and First-Aid

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 …

Report: New Jersey Motorcycle Deaths Drop

A new report shows a drop in deaths from motorcycle accidents in New Jersey – a change that’s good news for both riders and safety advocates. Overall, 68 people died in motorcycle crashes across the Garden State last year, says …

It Figures

$25 Million Amount to be paid by Exxon Mobil Corp as part of a settlement to clean up a decades-old oil spill in New York City. The settlement requires Exxon to conduct a comprehensive cleanup of its Greenpoint facility in …

Business Moves

USI, Kinloch New York-based insurance broker USI Holdings has acquired the New Jersey operation of Kinloch Holdings Inc. The unit, based in West Orange, New Jersey, specializes in commercial property casualty and employee benefits insurance for middle-market businesses and is …

People

Oakland, Calif.-based catastrophe risk modeling firm EQECAT Inc. named Bill Keogh president. He will be based in the Hackensack, N.J., office. Keogh previously served as senior vice president of strategic initiatives. He succeeds Rick Clinton, who will continue in a …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. A-Side Directors & Officers Market Detail: Great American Insurance Group’s Executive Liability Division offers A-Side …

Connell Retiring From Selective

New Jersey-based Selective Insurance Group said that Richard F. Connell, senior executive vice president and chief administrative officer, will be retiring in April. Connell joined Selective in 2000 as executive vice president and chief information officer. He was promoted to …

American Strategic Enters Homeowners Market in 3 States

American Strategic Insurance Corp. (ASI) has entered Virginia, Delaware and Georgia residential property markets. The company offers policies for homeowners, renters, condominium owners, seasonal residents and investment property owners through independent agencies. The company also offers flood coverage. ASI, a …