November 18, 2015
New York Gov. Andrew M. Cuomo announced that GEICO has become the first insurer in New York State to complete the certification process through the Department of Motor Vehicles to allow customers to begin using electronic ID cards on their …
November 17, 2015
Eight years after the introduction of managed competition for private passenger auto insurance and the influx of direct writers and direct response companies into Massachusetts to compete with independent agencies, a new study commissioned by the Massachusetts Association of Insurance …
November 16, 2015
New Jersey’s Compensation Rating and Inspection Bureau said the state’s commissioner of Banking and Insurance has approved a filing providing for no change in the overall level of workers’ compensation and employers liability rates and rating values currently in effect. …
November 13, 2015
U.S. Rep. Chris Gibson (R-N.Y., 19th district) formally requested New York State Comptroller Thomas P. DiNapoli investigate the state Department of Financial Service’s oversight of the failed Health Republic insurance co-op. State and federal regulators decided to close Health Republic, …
November 10, 2015
Kingstone Companies Inc., a New York-domiciled multi-line property/casualty insurance holding company, announced that its subsidiary, Kingstone Insurance Company, was granted approval to write P/C insurance in New Jersey from the state’s Department of Banking and Insurance. The addition of New …
November 9, 2015
The Federal Emergency Management Agency’s review of Superstorm Sandy flood insurance claims is taking longer than expected, with fewer than 200 checks issued. FEMA announced in March the review for as many as 142,000 claims after homeowners complained they were …
November 9, 2015
A national auto lender has agreed to provide $5.4 million in relief to more than 450 Massachusetts consumers over allegations that it charged excessive interest rates on its subprime auto loans, Massachusetts Attorney General Maura Healey announced. Under the terms …
November 6, 2015
ROCKVILLE, MARYLAND Novick Group Inc. Best Agency to Work For – East Specialty Agency Offers Welcoming, Family-Friendly Workplace At Novick Group Inc. – Insurance Journal‘s 2015 Best Agency to Work For, Bronze Winner – East Region – employees say that …
November 6, 2015
Connecticut Insurance Commissioner Katharine L. Wade said Connecticut employers can expect to pay less next year for their workers’ compensation insurance as a result of the Insurance Department’s approval this week of a rate filing that lowers rates and the …
November 5, 2015
Financial services company KeyCorp, which recently announced its plan to acquire First Niagara Financial Group in Buffalo, New York, said the company would leverage and grow First Niagara’s insurance brokerage business across KeyCorp’s customer base. KeyCorp, a bank-based financial services …