New Jersey News

Business Moves

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 …

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. Nonprofit Package Market Detail: Pennock Insurance offers a nonprofit organization all-in-one package product. This product …

Selective Investment Officer Departs as Insurer Begins Outsourcing

New Jersey-based insurer Selective Insurance Group Inc. says it has begun outsourcing its investment operations to third party managers and as a result, its executive vice president and chief investment officer, Kerry A. Guthrie, has left the company. The company …

New Jersey Increases Penalties for Crosswalk Violations

New Jersey drivers are going to face heavier penalties for ignoring pedestrians in crosswalks. State officials on Wednesday announced toughened laws aimed at pedestrian safety. They say New Jersey’s rate of pedestrian deaths as a percentage of total auto-related deaths …

Bollinger Acquires John J. Slattery Associates

New Jersey-based insurance brokerage Bollinger has acquired John J. Slattery Associates Inc., a provider employee benefit and individual medical products and services to independent brokers throughout the tri-state area. The firm, which will operate as Slattery Associates, was founded in …

Tennessee Regulators Move to Close ATA Health Insurance Firm

Tennessee officials are trying to shut down operations of two Robertson County companies accused of defrauding more than 12,000 consumers nationwide who sought affordable health insurance. Some of the $14 million that Springfield-based American Trade Association and Smart Data Solutions …

Minnesota Scores “A+” on Workers’ Comp Report Card

Minnesota ranks the best in the nation in terms of workers’ compensation performance, according to the Encinitas, Calif.-based Work Loss Data Institute (WLDI), which recently released its 2010 State Report Cards for Workers’ Compensation. Using eight years of data from …

Hiscox Appoints Bach as Branch Manager in New York

Specialty insurer Hiscox has appointed Carl Bach as branch manager of the firm’s New York insurance operation. Bach, executive vice president, will oversee the development and management of broker relationships and managing business operations for the New York region, which …

Dattoli Joins Synergy as Professional Liability Manager

New Jersey-based Synergy Professional Associates has hired Thomas Dattoli as manager of its professional liability unit. Dattoli will be responsible for underwriting professional and excess liability for lawyers, and underwriting Synergy’s insurance agents and brokers professional liability program for MGAs …

Brown & Brown Acquires Two New Jersey Underwriting Units

Brown & Brown Inc. will acquire New Jersey-based Excel Underwriters Alliance Inc. and Spirit Underwriters Inc., the Florid-based brokerage announced. Terms of the transaction were not disclosed. Excel and Spirit offer professional liability, directors and officers (D&O) liability, employment practices …