East News

Jones Joins New York Office of Corporate Synergies

Kenneth Jones has joined insurance broker Corporate Synergies of Mt. Laurel, New Jersey, as a senior vice president and producer. Jones will join the company’s New York office. He has several decades of experience in the New York metro market, …

Mass. Regulator on Boston Bombing Claims, TRIA Reauthorization Effort

Massachusetts Division of Insurance’s last data call showed that the vast majority of insurance claims stemming from the Boston marathon bombing tragedy have been resolved. The data also revealed that among the 160 commercial property and business interruption claims made …

Vermont Regulators: Updated Law Offers ‘Welcome Option’ for Inactive Captives

Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status. Vermont regulators said this latest modification reflects the state’s ongoing effort to introduce new prudent legislation for the captive industry. …

6 N.J. Residents Charged in Staged Auto Accident Scheme

New Jersey authorities say six Passaic County, N.J., residents played roles in a staged-automobile accident scheme that defrauded two insurance companies out of more than $78,000. Acting state Attorney General John Hoffman announced the charges Monday. He said five of …

Report: Superstorm Sandy’s Fallout Tough on Small Businesses

When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy’s effect on small businesses, he began nodding in agreement. “They got those numbers right,” the …

Poll: N.J. Residents Back Gov’t Storm Mitigation Efforts but Few Willing to Pay

A newly published study from Rutgers University in New Jersey shows that most state residents strongly support government programs aimed at lowering the likelihood of severe damage from future hurricanes. The study also found, however, that only a small fraction …

Lockton Technology Practice Expands to East Coast with Groeber

Insurance broker Lockton announced that Shannon Groeber has joined its Philadelphia operation as senior vice president, Global Technology & Privacy Practice. Groeber’s addition expands the practice to the East coast. She will provide customized insurance programs and advisory services in …

Maryland AG Sues BP Over Pension Losses Tied to Gulf Oil Spil

Maryland Attorney General Douglas F. Gansler  has sued BP plc. for allegedly making false and misleading statements regarding its commitment to safety reforms and oil spill prevention and response capabilities. Ganlser claims the Maryland State Retirement and Pension System relied …

Judge Dismisses Suit Challenging New Hampshire Ski Resort Immunity

A judge has dismissed a Massachusetts couple’s lawsuit against the operators of a New Hampshire ski area, saying the companies can’t be held liable for a crash between a ski instructor and a teenage boy. Susan and Michael Hanus sued …

Exxon Denied Appeal of Jury Award Over MTBE in New York City Water

The U.S. Supreme Court rejected Exxon Mobil Corp.’s appeal of a $105 million jury verdict it was ordered to pay for contaminating underground water in New York City with a gasoline additive. The Irving, Texas-based oil and gas company argued …

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