East News

Henderson Brothers Announces 3 New Hires in Pittsburgh

Henderson Brothers Inc., an independent insurance agency based in Pittsburgh, Pennsylvania, recently announced following three new hires:

Delaware Licensed 189 Captive Entities in 2015

Delaware Insurance Commissioner Karen Weldin Stewart said 2015 marked another record year of captive insurance formations in Delaware. Stewart said Delaware last year licensed 74 pure captive insurers, three special purpose captive insurers and 112 series captive insurers, for a …

Pennsylvania OKs Average Worker’ Comp Loss Cost Decrease of 0.9%

The Pennsylvania Compensation Rating Bureau (PCRB) said the Pennsylvania Insurance Department has approved PCRB’s filing which calls for an overall average workers’ compensation loss cost decrease of 0.90 percent from existing loss costs. Pennsylvania Insurance Commissioner Teresa Miller approved PCRB’s …

Self-Employed Who Are Ineligible for ACA Subsidies Worry About Costs

George Banyas is self-employed, having run a successful optometry business in Richland, Pennsylvania, for the past 15 years. He and his wife have two children, both in their early 20s and attending college. While his business has afforded his family …

Connecticut Announces Its 10th Captive Insurer

The Connecticut Insurance Department announced that a Syosset, New York-based construction services firm, RC Structures, is establishing its captive insurance operations in Connecticut. The new captive, called RCX Insurance Company, is the 10th licensed captive insurer in Connecticut. “RC Structures …

New Day Hires Lupinetti as Account Manager in New Jersey

New Day Underwriting Managers LLC has hired Alyson Lupinetti as account manager in the Construction Group. She is based in New Day’s main office in Hamilton, New Jersey.

FBinsure Acquires Hardy & Ponte Insurance in Massachusetts

FBinsure, an independent insurance agency with nine locations in Massachusetts, announced Thursday that it has acquired the Hardy & Ponte Insurance Agency, an independent agency in New Bedford, Massachusetts. Terms of the transaction were not disclosed. FBinsure said Hardy & …

Hub Northeast Hires Martin as Senior VP in New York

Hub International Northeast, a division of Hub International Limited, has hired Allyson Martin as senior vice president and strategic real estate advisor.

New York Art Gallery Settles Lawsuit Over Fake Rothko

Knoedler & Co, which before closing in 2011 was New York City’s oldest art gallery, has agreed to settle a lawsuit over an $8.3 million sale of a fake Rothko painting, just as its ex-president was preparing to testify at …

21st Century Insurance Cutting 50 Positions in Delaware

Farmers Insurance Group said it recently notified some 50 21st Century Insurance employees in Wilmington, Delaware, that their positions would be eliminated. The move comes as Los Angeles-based Farmers Insurance continues to phase out its auto insurance subsidiary 21st Century …

East News Archives by Month