Northeast

• Brown & Brown E&S Professional Liability Combined Under ECC

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 18, 2013

  Insurance broker Brown & Brown says its E&S professional liability products will now be marketed and sold under the ECC Insurance Brokers Inc. brand.

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  Industry Supportive of N.Y. City Council's Fight for TRIA Extension

  By Arthur D. Postal, PropertyCasualty360.com  |  June 18, 2013

  With insurance industry support, the New York City Council Committee on State and Federal Legislation on passed a resolution supporting the extension of the Terrorism Risk Insurance Act.

• Brother of Marsh CEO Named President of Victor O. Schinnerer

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 17, 2013

  The brother of the chief executive of insurance broker Marsh will lead Victor O. Schinnerer & Co., an underwriting manager of professional liability and specialty insurance programs.

• Industry Reaction: Mayor Bloomberg’s $20B Plan to Shield NYC from Climate Change

  By Anya Khalamayzer, PropertyCasualty360.com  |  June 17, 2013

  New York City Mayor Michael Bloomberg announced an ambitious, multi-decade plan that would put $20 billion toward protecting the city against natural disasters caused by climate change.

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  Fireman's Fund CEO Fouche Leaves for Prudential

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 17, 2013

  Fireman’s Fund Insurance Co. has named a new President and CEO, Andrew Torrance, to succeed Lori Fouche, who has left to become president and chief operating officer at Prudential Group.

• California Auto Insurance Rates Decrease, Bucking U.S. Trend

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 14, 2013

  California auto insurance buyers are paying less for coverage than they were two decades ago while rates rose substantially for the rest of the country, says the Consumer Federation of America.

• Severe Weather Threatens U.S. East Coast with Possible Tornadoes

  By Colleen Jenkins, Reuters  |  June 13, 2013

  A severe storm system sweeping the U.S. East Coast on Thursday delayed flights and threatened to snarl work commutes a day after causing several tornadoes, damaging hail and high winds across the upper Midwest.

• Agent Lesson During Catastrophes: Take Care of Yourself

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 13, 2013

  Agents are among the first to reach out to their clients after catastrophe strikes, but a veteran of Hurricane Katrina says agents also need to realize the importance of not neglecting themselves.

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  New Jersey Manufacturers Insurance Celebrates 100 Years

  By Staff Writer  |  June 12, 2013

  New Jersey Manufacturers Insurance recently celebrated its 100th anniversary. Click to get a peek at how the company, and the insurance industry, has changed over the last 100 years.

• New York Lays Out $20B Plan to Adapt to Climate Change

  By Hilary Russ, Reuters  |  June 12, 2013

  New York Mayor Michael Bloomberg on Tuesday announced a $20 billion plan to prepare for rising sea levels and hotter summers expected as a result of climate change in the coming decades.

• Chubb, Other Insurers Must Face Suit over SEC, Bear Stearns Settlement Claims

  By Karen Freifeld, Reuters  |  June 12, 2013

  A subsidiary of Chubb Corp. and other insurers must defend themselves against a lawsuit for refusing to cover more than $200 million paid out by Bear Stearns over illegal mutual fund trading practices, New York's highest court ruled on Tuesday.

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  New and Pending Regulations To Impact Claims, Underwriting Procedures

  By Kathy Donovan  |  June 12, 2013

  With differing effective dates, insurers must review and implement state-specific changes to several underwriting and claims functions.

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  What ICD-10 Portends for Injury Claims Assessment

  By Michele Hibbert-Iacobacci  |  June 11, 2013

  ICD-10 enhances communication between physician and insurer, allowing both to better assess injury severity, causation and proper treatment.

• ALIRT P&C Composite: Q1 Accident-Year Combined Ratio Best Since '07

  By Chad Hemenway, PropertyCasualty360.com  |  June 10, 2013

  A look at first-quarter results of the 50 largest U.S. insurers shows the industry may be starting to see the benefits of price increases the last two years.

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  Guy Carpenter's Lamm-Tennant Chosen APIW Insurance Woman of the Year

  By Anya Khalamayzer, PropertyCasualty360.com  |  June 7, 2013

  Joan Lamm-Tennant has been chosen as 2013’s Insurance Woman of the Year by the Association of Professional Insurance Women.

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  Tropical Storm Andrea Moves Quickly Up Atlantic Coast

  By Harriet McLeod, Reuters  |  June 7, 2013

  Tropical Storm Andrea moved briskly along the South Carolina coast on May 7, bringing drenching rains and threatening to spawn tornadoes as it churns up the Eastern Seaboard, U.S. forecasters said.