Pawtucket, R.I.-based home insurer Narragansett Bay Insurance Company (NBIC) said it is increasing its capacity for coastal homeowners insurance through select agency partners. The company said it is expanding its coastal capacity for Cape Cod, Plymouth County, the North Shore, …
Victims of Superstorm Sandy still fighting for a bigger insurance payment from the companies that administer the National Flood Insurance Program got a six-month extension to file critical paperwork. The Federal Emergency Management Agency announced the decision on Oct 1. …
The National Association of Professional Insurance Agents (PIA) has new national officers. Each will serve one-year terms that began on Oct. 1, 2013, and run through Sept. 30, 2014. John G. Lee, of Fredericksburg, Va., is the new president; Richard …
The water came in torrents; the aid is being parceled out drip by drip. That was one of the main complaints voiced by victims of Superstorm Sandy at a recent legislative hearing in Trenton, New Jersey, on the pace of …
The Northbrook, Ill.,-based Allstate Insurance Company recently announced its plans to appoint hundreds of additional insurance agents in several Northeastern states. In Massachusetts, Allstate is seeking to appoint approximately 130 new agents by the end of next year. The expansion …
New York State’s top financial and insurance regulator said the national health care overhaul can serve as a model for simplifying and standardizing homeowners’ insurance. Benjamin Lawsky, superintendent of the state’s Department of Financial Services, said in an interview with …
New York City announced on Oct. 10 its first purchase of a home damaged by Superstorm Sandy, acquiring property from a Staten Island woman whose husband and daughter were killed during the historic storm. Mayor Michael Bloomberg announced the purchase, …
Vermont Gov. Peter Shumlin and other state officials announced on Oct. 10 that the state’s Department of Financial Regulation (DFR) has licensed Vermont’s 1,000th captive insurance company. At a Statehouse ceremony, DFR Commissioner Susan Donegan signed the license for the …
State Farm Insurance Co. plans to build a national operations center in the Atlanta suburb of Dunwoody. Dunwoody city officials announced the plans last Thursday. The Atlanta Journal-Constitution reported that the facility will be built on a nearly four-acre site …
Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department panel that subjects the company to increased regulatory oversight. The insurer opted against filing a lawsuit seeking to overturn its status …
