New Jersey News

As Weather Warms, Property Owners Urged to Buy Flood Insurance

Having flood insurance will be increasingly important this year as spring rain combines in many parts of the U.S. with the melting of record snowfall, according to the Insurance Information Institute. “Many states on the Atlantic seaboard were hit with …

A.M. Best B+ (Good) Rated Contractor GL Insurance Carrier Expanding to 35 States

National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made available in Alabama, Connecticut, Indiana, Iowa, Kansas, Ohio, Mississippi, …

Society of CISR Adds Members to Board of Governors

Austin, Texas-based The National Alliance for Insurance Education & Research has announced the addition of five new members to the 2010-2016 Certified Insurance Service Representatives (CISR) board of governors. New board members will serve six-year terms. Officers serve one year …

Judge Dismisses Suit over New Jersey Teen Driver Decals

New Jersey judge has upheld a new law that requires drivers younger than 21 to display identifying decals on their vehicle license plates. State Superior Court Judge Robert Brennan dismissed a lawsuit brought by Gregg Trautmann, a Rockaway lawyer who …

Gussen Joins Scirocco Group as Sales Exec

New Jersey-based Scirocco Group, a risk management and insurance brokerage firm, has hired Adam Gussen as senior sales executive. Previously, Gussen was the Northeast Region Agent for Euler Hermes – ACI, where he provided Trade Credit Insurance and domestic and …

New Jersey Assembly Panel Advances Distracted Driver Bill

Police in New Jersey may soon have to note whether a driver was distracted before having an accident. A bill approved by an Assembly committee last week requires officers to check a box describing the type of distraction. The list …

Selective Insurance Announces Several Promotions

New Jersey-based insurer Selective Insurance Group Inc. has made several executive promotions. Anthony D. Harnett has been promoted to to senior vice president, corporate controller. Harnett joined Selective in September 1999 as a senior accountant and held various finance positions …

Losses From Latest East Coast Snow Storm Pegged at up to $300M

Boston-based risk modeling firm AIR Worldwide estimated that the insured losses from the winter storm that struck the East Coast between February 23 and 28 will be between $150 million and $350 million. Total Insured losses from two prior storms …

Business Moves

Keystone Insurers Group, Rowland, Rudd, Peel & Holland Pennsylvania-based Keystone Insurers Group (KIG) has added three more Kentucky agencies as partners. Those agencies are: Rowland Insurance Agency Inc., with locations in Tompkinsville and Glasgow; Rudd Insurance Inc., which is located …

Declarations

Earthquake in New Jersey “It felt like the whole room was shaking around us, and a loud explosion afterward.” —Bernardsville, N.J. police Sgt. John Remian, commenting on a minor earthquake last month that rattled homes in several areas of Somerset …