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Regulator OKs Palisades expansion into New York

Acting New York State Department of Financial Services Superintendent Linda Lacewell has approved applications by Palisades Safety & Insurance Association subsidiaries Palisades Insurance Co. and Palisades Property & Casualty Insurance Co. to expand into New York's insurance marketplace.

Palisades Insurance will offer personal auto insurance, while Palisades Property & Casualty Insurance will offer homeowners, condominium and renters insurance policies.

Plymouth Rock Management Co. of New Jersey manages the operations of the Palisades companies.