East News

New Hampshire Offers Lost Life Policy Locator Service to Residents

The New Hampshire Insurance Department has created a lost life policy locator service to assist Granite State residents and their families in locating life policies and annuity contracts that have been purchased in the state. “We developed this service to …

Virginia Reminds Insurers: Rates, Rating Rules Must Be Cost-Based

Virginia Insurance Commissioner Jacqueline Cunningham has issued an administrative letter this month reminding insurers to review the rate standards outlined in Virginia Code § 38.2-1904 to ensure compliance. The administrative letter also indicates that so-called “price optimization” techniques that raise …

New York: Health Insurers Must Pay for Maternal Depression Screening

New York state will soon require health insurers to cover depression screening for pregnant women and new mothers. The move follows a recommendation from a federal panel that insurers cover maternal depression screening without a co-pay or deductible. Gov. Andrew …

Kinsale Insurance Hires Manahan to Lead E&S Property in Virginia

Kinsale Insurance Company, a domestic excess and surplus lines insurance company based in Richmond, Virginia, has hired Stephen Manahan as senior vice president of Excess & Surplus Lines Property.

Vermont Mutual Promotes McDonnell to Executive VP, COO

Vermont Mutual Insurance Group has promoted Mark J. McDonnell to executive vice president and chief operating officer of the Group.

Virginia Sets Up Fund to Cope With Sea-Level Rise

Virginia has set up a new revolving loan fund designed to help property owners prepare for rising sea levels. But the Virginian-Pilot reports that the fund has no funds and may not have any money for several years. Still, Virginia …

Delaware Fines Insurers $83K for Market Misconduct

The Delaware Insurance Commissioner Karen Weldin Stewart has fined insurance companies a total of $83,300 during the first quarter of 2016 for violating state insurance regulations. Fines generally result from a market conduct examination of a company’s practices performed by …

Connecticut Gov. Signs Order Strengthening State Building Code

Connecticut Gov. Dannel Malloy announced that, as Connecticut faces more frequent and severe weather events as a result of global warming, he is directing state agencies to develop new building code standards that will better protect residential and commercial structures …

NCCI Sees Stable Trends in New England

The National Council on Compensation Insurance says it is seeing generally stable trends in Connecticut, Maine, New Hampshire, Rhode Island and Vermont — five New England states where NCCI serves as a licensed rating and statistical organization. “Overall, the NCCI …

Beecher Carlson Hires Miller as Managing Director in NYC

Beecher Carlson Insurance Services, a specialized large account risk management broker and a wholly-owned subsidiary of Brown & Brown Inc., has hired Megan Miller as managing director.

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