Articles by Young Ha

Marijuana Report: Changes in Washington

Editor’s Note: This is the fourth in a series of articles on the the marijuana insurance industry to appear on InsuranceJournal.com. Upcoming stories will include regional reports on how medical marijuana is impacting insurance in states across the nation. Previous …

Best Agency to Work For – East

Embracing Employee-Oriented Culture BWD Group – Plainview, New York Insurance is a tough, stressful business and it can be a real pressure cooker for agency employees. That’s why the management at BWD Group does all it can to bring a …

Changes in Washington

Groups that favor the legalization of marijuana say they are seeing positive developments at the federal level in Washington. U.S. Attorney General Eric Holder told lawmakers during a House Appropriations Committee hearing in April that the Obama administration is open …

Conn. Auditors: WCC Charged $450K Assessment Without Legislative Authority

A new report from Connecticut state auditors said the state’s Workers’ Compensation Commission (WCC) improperly charged $450,000 to workers’ comp insurers and self-insured employers last fiscal year to recoup the money transferred to the state’s general fund. The report was …

Nationwide Eyes Growth in New Jersey Auto Insurance Market

Nationwide Mutual Insurance Company has begun selling its Nationwide-branded auto insurance in New Jersey this month for the first time since 1981. “So we’ve been writing business now for about two weeks and so far, so good. It’s obviously very …

Mass. DOI: Insurers Received Over 1,300 Claims From Revere Tornado

The Massachusetts Division of Insurance (DOI) said the state’s insurers have so far received more than 1,300 claims from a rare tornado that ripped through the coastal city of Revere on July 28. The DOI said regulators have been collecting …

MAPFRE Enters Life Insurance Market in Massachusetts

MAPFRE U.S.A. said it has begun selling a term life insurance product in Massachusetts, where MAPFRE’s affiliate Commerce Insurance Company is the largest auto and home insurance carrier. MAPFRE said it is seeking to leverage its dominant position in the …

Hanover Insurance’s Q2 Profit Jumps 55% to $82.6M

The Hanover Insurance Group Inc. in Worcester, Massachusetts, said Thursday its 2014 second quarter net profit rose to $82.6 million, a 54.7 percent increase from $53.4 million profit during last year’s second quarter. The second quarter operating income was $58.4 …

Hartford’s McGee Discusses Company’s Turnaround, Transformation

The Hartford Financial Services Group’s Liam McGee, who stepped down as president and CEO on July 1 but will remain executive chairman until next year’s shareholder meeting, spoke about the company’s transformation at the second quarter earnings conference call Thursday. …

Hartford’s Q2 Core Earnings Decline 38% to $144M; Net Loss Widens

The Hartford Financial Services Group said Wednesday its 2014 second quarter net loss widened to $467 million, compared to a net loss of $190 million during last year’s second quarter. The results were hit by $617 million of loss on …