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

My New Markets

Bringing Market Seekers and Market Providers Together Find markets in our database Promote your markets on our site Join our community forums Membership is free! www.MyNewMarkets.com Commercial Auto Liability & Physical Damage Market Detail: Align General Insurance Agency LLC has …

Declarations – East

Following N.Y.’s Lead “The agreement reached with Assurant can serve as a template for other states to adopt.” —New York Financial Services Superintendent Ben Lawsky in his April 5 letter addressed to fellow regulators. He said his department’s recent settlement …

Recruiting Next Generation of Insurance Professionals

All successful organizations have visionary leaders. Dr. Edwin S. Overman, CPCU, was a leader in the insurance business and an advocate for insurance education. He served as president of The Institutes from 1966 to 1987, and was a true visionary …

FEMA Has Most N.J. Flood Insurance Claims Settled

The Federal Emergency Management Agency says it has settled 96 percent of post-Sandy National Flood Insurance Program claims in New Jersey. The agency says that as of April 9, there had been 74,825 claims filed and 70,689 had been closed. …

Cuomo: N.Y. Workers’ Comp Reform to Bring $800M Savings

New York Gov. Andrew Cuomo said on April 8 that employers in the state are poised to save some $800 million annually, thanks to reforms in the state workers’ comp system that were included in the recently passed state budget. …

People – East

Boston-headquartered insurance giant Liberty Mutual Insurance said its board of directors elected CEO David Long, 52, as chairman of Liberty Mutual Insurance, effective June 28, 2013. Long will succeed Edmund “Ted” Kelly, 67, who is retiring as chairman and director …

Declarations – Southeast

Active Season “All vulnerable coastal residents should make the same hurricane preparations every year, regardless of how active or inactive the seasonal forecast is. It takes only one landfall event near you to make this an active season.” –Phil Klotzbach, …

Florida Alleges Fraud by Allianz in Case of Failed Insurer

Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer by taking out more than $20 million in assets and rendering it unable to meet its financial obligations. The Florida …

Florida’s Latest PIP Conundrum: Medical Fees

Florida’s high court is poised to decide how much money insurers owe some medical providers in cases where an auto policy does not specifically state that the fees will be based on a fee schedule approved by state lawmakers in …

Mississippi Jury: State Farm Defrauded Flood Program

A federal jury in Mississippi recently found that State Farm Fire and Casualty Co. avoided covering a policyholder’s wind losses by blaming the damage on storm surge, which is covered by the federal flood insurance. The verdict came in a …