Property-Casualty Insurance News
DeWitt Stern , the New York City-based insurance broker specializing in entertainment and sports, is offering a policy insuring local businesses against loss of revenue they would incur if Super Bowl XLVIII, to be played Feb. 2, 2014 at New Jersey’s Met Life Stadium, is cancelled or moved out of the tri-state area.
Eastern Alliance Insurance Group and Westfield Insurance have formed a multi-line captive program for mid- to large-size employers.
Deloitte has promoted Gary Shaw to national sector leader for insurance. He will replace Rebecca Amoroso, who is retiring.
Zurich American Insurance Co, has agreed to refund $4.56 million to policyholders of its New York statutory disability insurance policies because the insurer failed to spend at least 60% of total premiums on claims as required under law.
The New York State Senate passed three bills this week designed to crack down on auto insurance fraud in the state, and issued a challenge critical of the Assembly regarding the bills’ passage.
Hudson Insurance Group, the U.S. insurance division of Odyssey Re Holdings Corp., has received approval from the Excess Line Association of New York to write excess line business in New York.
The U.S. Atlantic seaboard could be in for an active hurricane season, which begins June 1.
Keystone Insurers Group, the Northumberland, Pa.-based property-casualty franchisor, has expanded to a new state and added partners in two existing states.
Specialty insurer Markel has completed is acquisition of Alterra Capital, a Bermuda-based specialty and reinsurance provider, in a deal valued at nearly $3 billion.
New York-based Aquiline Capital Partners recently bought Equity Insurance Group from Insurance Australia Group (IAG).