New Jersey
HCC says Pioneer General now part of American Contractors Indemnity
Houston’s HCC Insurance Holdings said Pioneer General Insurance Co. will merge into American Contractors Indemnity Co., both of which are wholly owned subsidiaries of HCC.
A Cleveland, Ohio-based business services provider bought the employee benefits and retirement section from Advantage Benefit Planning (ABP), based in Pleasantville, N.J.
SEC issues two alerts over risks posed by advisors using social media
The U.S. Securities and Exchange Commission issued two alerts pointing out risks investors and advisory firms face when using social media like LinkedIn and Facebook.
A New Jersey superior court dismissed all claims in franchise lawsuits filed against Allstate New Jersey Insurance Co., based in Bridgewater, N.J.
First Guardian, Berkshire ProViderPlus product webinar set for Jan. 12
Guardian and Berkshire have released a new ProVider Plus series for their disability insurance portfolio, effective Jan. 3.
IIABNY: Insurers, not agents, should disclose policy cancellations
An insurance trade group in New York says that insurance companies, not agents, should be responsible for informing all concerned parties of pending policy cancellations.
Insurers’ lost $32B from natural disasters in first nine months of ’11
Natural disasters cost insurance companies more than $32 billion in direct insured losses in the first nine months of 2011, nearly double the average of other years, according to the Insurance Information Institute.
A Berkshire Hathaway insurance subsidiary, Medical Protective Co., acquired the largest medical professional liability insurer in New Jersey.
Consumers don’t understand health insurance, need transparency
More than half of adults report they are confused about health insurance when choosing which plan to purchase, a new survey found.
Revenue at nearly half of insurance agencies flat for 2011
A plurality of insurance agencies expect their revenue for 2011 to mirror that of the prior year, according to the latest IFAwebnews.com poll.

Federal health exchange officials too busy to worry about Supreme Court
Federal health reform would add 100,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees

Combination life insurance product sales rise at ‘remarkable rate’
Pa. men charged in multi-state, ‘elaborate financial fraud scheme’
Small business worries about its role in retirement planning

Senate passes ‘Band-Aid’ bill to extend NFIP 60 days; House must act
Allstate seeking agency owners for Md., Va., D.C., Pa, Del., W.Va.
Wharton School establishes new risk and insurance program


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