Monthly Archives: <span>February 2013</span>

Industry Group Testifies on Sandy Claims Handling Process in New York

An insurance industry association testified about insurers’ response to Superstorm Sandy and the lessons learned at a hearing Tuesday before the New York Assembly Standing Committee on Insurance. The American Insurance Association said the insurance industry’s performance in handling a …

Assurex Global Launches Employee-Benefits Marketplace Platform

Assurex Global has launched a new private marketplace employee benefits platform for employers to offer a wide-range of administrative flexibility and employee health benefit options. “Employers have been struggling for years with ever-increasing medical costs,” said Assurex Global President and …

ISO Revises ‘Bring Your Own Alcohol’ Establishment Exclusion

ISO has enhanced its commercial general liability (CGL) insurance program to address exposures for establishments that allow their patrons to bring and consume alcoholic beverages on their premises (commonly referred to as “bring your own alcohol establishments” or “BYO establishments”). …

Study: 3 New Jersey Roads Most Dangerous for Pedestrians

A new study awards a dubious distinction to three New Jersey roadways. The Tri-State Transportation Campaign finds that from 2009 to 2011, Route 130 in Burlington County, the Blackhorse Pike in Atlantic County and Route 1 in Middlesex County were …

Allied World Launches U.S. Surety Unit

Allied World Assurance Company Holdings, AG’s Allied World U.S. has expanded its casualty operations with the launch of a new surety line of business, available for clients in the United States. Robert Staples has been appointed senior vice president, surety, …

New Jersey Officials Say Safety Trumps Leafy on Garden State Parkway

The clearing of trees from the median of a 16-mile stretch of the Garden State Parkway is raising some eyebrows. Some motorists are complaining the work between Wall and Toms River is stripping the parkway of the features that distinguish …

Donegal Group’s Profit Jumps to $23M for Full-Year 2012

Donegal Group, a property/casualty insurance holding company based in Marietta, Penn., reported $6.22 million net income for the 2012 fourth quarter, in contrast to a loss of $879,000 during the fourth-quarter of 2011. The net income for the full-year 2012 …

Best Sees No Ratings Change for UK Insurers Following Moody’s Downgrade

A.M. Best Europe – Rating Services Ltd. said it “does not anticipate any impact on its ratings of insurers operating in the UK as a direct consequence of the sovereign downgrade.” Best was referring to the announcement on February 22, …

Oklahoma Bill on Appointees Includes Insurance Commissioner Post

Oklahoma voters will decide whether to increase the governor’s appointment powers under a bill that sailed through a Senate committee, despite concern about consolidating too much power in the executive branch. The Senate General Government Committee voted 6-1 for the …

Indiana House Passes Bill Limiting Mo-Ped Speeds

The Indiana House has approved a bill that would set a 30 mph speed limit for mo-ped users on the state’s roadways. The measure approved Monday on a 75-18 vote now heads to the Indiana Senate. The bill also calls …