Regional news: New Jersey
Va. specialty insurer stretches E&S business across entire U.S.
A specialty property-casualty insurance company, based in Richmond, Va., recently became certified to write business on a surplus lines basis for all U.S. states and Washington, D.C.
Consumers disregard insurance packages, favor lower rates
Home and auto insurance buyers were less interested in home-auto package discounts in 2011 than the year prior, and more aware of competitive premium rates, a new study says.
Attorneys general urge Supreme Court to rule individual mandate legal
Attorneys general from 11 states and Washington, D.C., have filed court papers in the federal health reform law case, arguing that the individual mandate forcing all Americans to buy health insurance, starting in 2014, is constitutional.
States make Prudential alter its unclaimed life insurance practices
A total of 19 states and Washington, D.C., reached an agreement with The Prudential Group, one of the largest life insurance companies in the U.S., in a case involving its unclaimed property practices.
P-C leaders say market hardening, financial crisis in back window
Not only do property-casualty insurance industry leaders believe the financial crisis is behind them, but they also believe rates are hardening, a new study finds.
A former fishing boat crew member pleaded guilty to contributing to a conspiracy to help an owner sink his boat and collect the $400,000 in insurance.
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.
Obama to force insurers to give out birth control when employers won’t
Group representing 119 in Congress calls individual mandate illegal
Insurer fined for charging unapproved rates on students’ policies
Brokerage firm pays $3.3M for bad-mouthing insurance broker
Employee benefit offerings only as good as the discussion about them
Sponsors of 401(k)s adding features to boost participants’ investment
Mercury Insurance seeks agents, unveils new commercial auto product
Most, least expensive 2012 car models to insure announced
Two insurance agents allegedly stole $422,000 from family brokerage
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