Regional news: New Jersey
New Jersey issued a certificate of authority, effective July 1, to its first captive insurance company, according to state insurance regulators.
WIFS collects $285,000 in 2011 sponsorship funds from insurers
An Albany, N.Y.-based organization dedicated to advancing the careers of women announced its 2011 industry partners, whose sponsorship shows their dedication to supporting women in insurance and financial services careers, according to the group.
Allstate agents, stung by 20% cut in pay, to vote on unionizing
Many Allstate Insurance agents will soon vote on whether to become a guild of the Office and Professional Employees International Union (OPEIU).
Five people were sentenced to state prison, the latest members of a Jersey City, N.J.-based drug ring that trafficked prescription pain pills in Hudson, Monmouth, Morris, Ocean and Bergen counties, according to the New Jersey Attorney General’s Office.
A Branchville, N.J.-based holding company announced that its subsidiary entered a renewal rights and asset purchase agreement with an Alterra Capital Holdings subsidiary to add excess and surplus lines (E&S) to its portfolio.
NAIC looks outside bill for insurance agents, brokers’ MLR exemption
The National Association of Insurance Commissioners (NAIC) is considering alternatives for acquiring exemption of insurance agent and broker compensation from the medical loss ratio (MLR) implementation in addition to the bipartisan bill.
Financial peace of mind is now six times more important than accumulating wealth, according to a new survey of Americans age 55 and up.
A ringleader and a doctor pleaded guilty to participating in a narcotics ring that defrauded Medicaid and distributed black-market prescription pain pills such as OxyContin and Percocet in Hudson, Bergen, Monmouth and Ocean counties.
The independent insurance agent and broker channel is alive and well nationally, especially in New York, where it grabbed a bigger market share than the national average, according to a trade group.
Florham Park, N.J.-based ADP Statewide Insurance has launched a new website at www.adpinsurance.com.
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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