Articles by Young Ha

Taking Stock of D&O Insurance Market: Capacity, Coverage and Culpability

The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according to industry executives. The industry is also seeing a continuing trend of broader coverages, cyber risk emerging as a management …

D&O Marketplace Continues to See Softening Rates

The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according to industry executives. The industry is also seeing a continuing trend of broader coverages and more governmental activities from regulatory …

Massachusetts Court Rules on Damages for Injured Workers

Massachusetts’ highest court recently ruled in a case of first impression that a workers’ compensation insurer is not entitled to a lien on the money awarded to claimants for pain and suffering. This ruling from the Massachusetts Supreme Judicial Court …

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. …