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New Jersey Declared Disaster Area for October Snowstorm

President Obama has issued a major disaster declaration for New Jersey for the late October snowstorm that played havoc with roads, trees and power lines around the state. The declaration issued Wednesday evening paves the way for the release of …

Swiss Re Economists See Weak Growth; Some Market Hardening; EU Peril

Swiss Re presented its latest analysis of the global economic outlook and its potential impact on the insurance industry at an economic forum in London yesterday, December 1. Chief Economist Kurt Karl began the discussion with an admonition that the …

Part of Mississippi Healthcare Suit Placed on Hold

A federal judge has put on hold portions of a Mississippi lawsuit against Obama administration’s health care law. U.S. District Judge Keith Starrett, in a ruling issued Nov. 23, stayed consideration of parts of the April 2010 lawsuit not involving …

Arizona Gets $30 Million Grant for Health Exchange

Arizona is getting a $30 million federal grant to implement part of the federal health care overhaul. The Arizona grant is among 13 state grants awarded Tuesday totaling nearly $220 million awarded for setting up health insurance exchanges. Exchanges will …

Attorney Says Man Innocent in Wal-Mart Incident, May Sue

The attorney for an Arizona man forcibly taken down by Buckeye police at a Wal-Mart says he plans to clear his client of the criminal allegations stemming from an alleged shoplifting incident, and he’s contemplating filing a lawsuit. Todd Nolan …

Aspen Enters Recreational Marine Market

Aspen U.S. Insurance has entered the recreational marine insurance market. Its products will be distributed through an exclusive agreement with the Atlanta-based Axiom Insurance Management, Ltd. The focus will be on marinas, yacht clubs, boat dealers, boat manufacturers and boat …

IIABNY Advises Motorists: Don’t Skimp On Auto Liability Insurance

The Independent Insurance Agents & Brokers of New York is advising motor vehicle owners not to skimp when they buy auto liability insurance. Auto liability insurance pays for amounts the insured person owes as damages for bodily injuries and property …

Thomas Becomes Partner in RSI

Bill Thomas has partnered with Ben Thomas and Barry Rabune of Costa Mesa, Calif.-based of RSI Insurance Brokers, a property and casualty insurance company that focuses on the transportation industry. RSI recently expanded, creating a sister company called RSI Employers …

ACE Completes $107M Acquisition of Agribusiness Insurer Penn Millers

ACE Limited announced on Wednesday that it has completed its acquisition of Penn Millers Holding Corp. for approximately $107 million in cash. The two companies first announced the deal in September. Penn Millers Holding’s primary insurance subsidiary, Penn Millers Insurance …

Perry Named Atlas Audit Manager

Atlas General Insurance Services has named Robin Perry as audit manager. Perry will be responsible for developing a new premium audit department for San Diego, Calif.-based Atlas. Perry joins Atlas with over 25 years of experience in premium audit management. …

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