Articles by Young Ha

Agents Say Blizzard Losses Relatively Light So Far

A massive blizzard, unofficially named Winter Storm Jonas by the Weather Channel, swept through the East Coast over the Jan. 23-24 weekend. The storm brought heavy snowfall and blizzard conditions to much of the Mid-Atlantic and Northeast regions. But as …

New Jersey Gov. Signs Certificates of Insurance Bill

New Jersey Gov. Chris Christie signed the Certificates of Insurance Act (S-3270/A-4705) into law on Jan. 11. The new law will govern the use of certificates of insurance, making it illegal to request the issuance of certificates that contain any …

New Jersey Gov. Christie Signs Certificates of Insurance Bill

New Jersey Gov. Chris Christie’s office announced that the governor signed the Certificates of Insurance Act (S-3270/A-4705) into law Monday. The new law will govern the use of certificates of insurance, making it illegal to request the issuance of certificates …

Pennsylvania’s Donegal Buys Out Activist Investor for $70M  

Gregory M. Shepard, an activist investor who’s been a major stockholder of Pennsylvania-based Donegal Group and a frequent critic of the company, has sold off his shares. Shepard’s stake consisted of 3.675 million shares of Donegal Group Class A common …

Mass. Consumer Comments Highlight Concerns Over Home Insurance Rates

The Massachusetts Division of Insurance recently published on its website written public comments that were received in conjunction with the Division’s informational hearings on the Massachusetts home insurance marketplace. These consumer comments illustrate how some Massachusetts homeowners are feeling increasingly …

FEMA Continues to Examine Thousands of Sandy Claims Review Cases

The Federal Emergency Management Agency (FEMA) still has thousands of Superstorm Sandy claims review cases that are waiting to be examined, latest figures show. FEMA said that as of Dec. 11, the agency has closed 2,694 Sandy flood insurance claims …

Oswego Valley Insurance Acquires Banach Insurance in New York

Oswego Valley Insurance Agencies LLC (OVIA), an independent agency based in Oswego, New York, with five additional offices in the Central New York region, announced that it has acquired Banach Insurance Agency in Pulaski, New York, effective Jan. 1, 2016. …

Pennsylvania’s Donegal Buys Out Activist Investor’s Shares for $70M

Gregory M. Shepard, an activist investor who’s been a major stockholder of Pennsylvania-based Donegal Group and a frequent critic of the company, has sold off his shares Tuesday, according to securities filings. Shepard’s stake consisted of 3.675 million shares of …

Pennsylvania Court Issues Liquidation Order for Regis Insurance

Regis Insurance Company, a Pennsylvania-domiciled insurance company, was recently issued an order of liquidation by the Commonwealth Court of Pennsylvania. Regis, a writer of small commercial business based in Paoli, Pennsylvania, was licensed in and domesticated in Pennsylvania in 1979. …

Pennsylvania Compensation Rating Bureau Seeks 0.9% Loss Cost Decrease

The Pennsylvania Compensation Rating Bureau (PCRB) has submitted a filing of Pennsylvania loss costs and related rating values with a proposed effective date of April 1, 2016. The filing proposes an overall average loss cost decrease of 0.90 percent. PCRB’s …