Travelers recognized 20 personal lines agents with its Agent of the Year award. Winners were picked for their community work, as well as high achievements in their lines of business. They are : Georgiana Carney, Pearl Carroll & Associates, Latham, …
Despite sizable losses from late season, East Coast storms, New Jersey-based Selective Insurance Group swung to a first quarter profit of $5.8 million, a positive change from the $12.9 million the insurer lost in the year-ago quarter. The profits include …
Institutional investors are continuing to target Massey Energy’s board of directors over an explosion that killed 29 coal miners earlier this month. The New Jersey Building Laborers Pension Fund blames Chairman Don Blankenship and other board members for the April …
NIF Group, Inc., a program administrator, MGA and specialty brokerage firm, has created a product for homeowners. The program is available in New York, New Jersey, Rhode Island, Connecticut and Massachusetts and focuses on coastal risks. An HO-3 and HO-8 …
Two New Jersey insurance agencies have joined forces to launch a master agency named Consolidated Insurance Agents. Pavese McCormick Insurance Agency, of Monmouth Junction, and Valvano Insurance Agency, of Linden, say the master agency will offer several several partnership affiliation …
Standard & Poor’s Ratings Services is keeping its ‘A’ counterparty credit and financial strength ratings on Reserve National Insurance Co. on CreditWatch with negative implications. “We had placed these ratings on CreditWatch negative after Unitrin Inc. announced that it had …
The families of three New Jersey boys who died in the trunk of a parked car as police searched for them have settled lawsuits against the city of Camden. The families of 11-year-old Anibal Cruz, 6-year-old Daniel Agosto and 5-year-old …
Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein and other bank officials have been sued by shareholders in two lawsuits related to fraud allegations brought by the federal government. In complaints filed in New York State Supreme Court in Manhattan, …
One of the many consequences of a tight insurance market during tough economic times is that potential insureds may have difficulty obtaining coverage if they have bad loss records or conditions that may indicate greater than normal risk. Over the …
Fraud bills are blooming like azalea bushes around the East this spring, and statehouses are rife with upside potential for substantive new fraud laws in 2010. This counters the recent logic that many state lawmakers are too busy trying to …
