New Jersey News

Business Moves

W.R. Berkley, Verus Underwriting Connecticut-based insurer W. R. Berkley Corp has launched Richmond, Virginia-based Verus Underwriting Managers, a subsidiary that will provide property and casualty excess and surplus lines coverage and underwrite on behalf of W. R. Berkley Corp. Dale …

Few New Jersey Teens Are Complying with New Driver-Decal Law, State Says

Few New Jersey teen drivers are complying with the nation’s first law that requires them to display decals on their license plates. Fewer than one in four had purchased the decals when the new law went into effect earlier this …

People

New York-based insurance brokerage and risk management firm Integro has hired Robert H. Easton as deputy general counsel and chief compliance officer. Easton most recently served as deputy superintendent and general counsel for the New York State Department of Insurance. …

Business Moves

Fiesta Auto Huntington Beach, Calif.-based Fiesta Auto Insurance, a franchise system that combines insurance and tax preparation under one roof, recently opened 20 new offices in various locations, increasing its presence to more than 60 open locations throughout the United …

Keeping People Motivated

Making Communication and Motivation Work in Tough Times Increased scrutiny, fueled by the financial industry’s fallout, has led to a great deal of miscommunication surrounding insurance companies and agencies. In tough economic environments, too many leaders focus on what stops …

Former New Jersey Cop Wins $5M in Lawsuit Against State Police

A former municipal police officer who sued a New Jersey state trooper for excessive use of force has been awarded $5 million. The New Jersey Turnpike Authority says it plans to appeal the jury’s decision. Gary Wade, then a Tinton …

Ratings: Partners Mutual, Farmers (NJ), Premier Group, United Farm Indiana, Real State, Kansas Med Mutual

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Wisconsin-based Partners Mutual Insurance Company. Best said the negative outlook reflects “Partners’ trend …

Crump Adds to Atlanta Team: Sherwin, Duran, Yoss, Feldhaus

Crump Insurance Services, Inc. has invested in new talent for its Atlanta brokerage location. Terry Sherwin has joined Crump as the Atlanta office leader; and property brokers Alex Duran, Jordan Yoss and Carl Feldhaus have joined the Atlanta property team. …

Senators Slam Oil Executives Over Gulf Spill

U.S. senators Tuesday tried to pin the blame for the Gulf of Mexico oil spill on the companies involved, scrutinizing their safety practices and demanding full compensation be paid for the cleanup. In hearings before two Senate committees, lawmakers accused …

New Jersey Court Reverses Ruling in Insurance Records Case

A New Jersey court has found that records of settlements reached by insurance companies on behalf of government entities should be open to the public. In 2008, lawyer Mark Cimino asked used the state’s Open Public Records Act to request …