Despite a sizable increase in catastrophe claims, New Jersey-based insurer Chubb saw first quarter profits climb 36 percent to $463 million, up from $341 million in the year-ago quarter. The impact of catastrophe claims for the quarter, which includes the …
Huntington Beach, Calif.-based Fiesta Auto Insurance, a franchise system to combine insurance and tax preparation under one roof, announced it has opened 20 new locations during the past 90 days. The company’s unprecedented growth phase has increased its presence to …
New York-based Privilege Underwriters Reciprocal Exchange (PURE) said it would begin offering personal lines coverage to owners of high-value homes in Maryland and Washington D.C.. The company, a member- owned reciprocal insurer, said it will also offer automobile, jewelry, art, …
Three men were seriously burned Friday morning when an explosion rocked a northern New Jersey business. The blast at the Clifton conveyor business occurred just after 10 a.m. when a leaky tank on a truck in the business’ loading dock …
New Jersey Insurance Commissioner Tom Considine will join executives from the ACE Group on Monday to mark the opening of ACE’s new office in Jersey City. The office will employ 130 people in insurance, legal, claims and underwriting positions and …
New Jersey-based Western World Insurance Group has announced three management changes. Thomas F. Mulligan has been promoted to president and chief executive officer from executive vice president of underwriting and marketing. Mulligan replaces Andrew S. Frazier who retired at the …
CNA has appointed two vice presidents in its Parsippany, N.J. and Philadelphia branches. Scott Simonson will be vice president in Parsippany. He has 17 years of insurance experience, and previously served as regional vice president for The Hartford in its …
The Northeast is seeing more frequent “extreme precipitation events” in line with global warming predictions, a study shows, including storms like the recent fierce rains whose floodwaters swallowed neighborhoods and businesses across New England. The study does not link last …
American International Group Inc. will pay $9 million to settle an Ohio antitrust lawsuit accusing it of conspiring to fix commercial casualty insurance prices. Ohio Attorney General Richard Cordray had accused AIG and other insurers of conspiring with insurance broker …
21st Century, HomeWise 21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain policies from HomeWise Preferred Insurance Co. Terms of the transaction …
