East News

Judge Dismisses Mass. AG Coakley’s Federal Housing Lawsuit

A federal judge has dismissed a lawsuit filed by Massachusetts Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court doesn’t have oversight of the matter. Coakley sued the …

GAO Report Finds SBA Didn’t Meet Timeliness Goal for Sandy Loans

A new report from the U.S. Government Accountability Office (GAO) has found that following Superstorm Sandy, the U.S. Small Business Administration (SBA) did not meet its timeliness goal for processing business loan applications. GAO’s report, titled “Small Business Administration: Additional …

Donegal Group’s Q3 Net Income Rises 14% to $8.7M

Donegal Group Inc. in Marietta, Pennsylvania, today posted $8.749 million net income for the company’s 2014 third quarter, a 14.3 percent increase from $7.654 million net income one year ago. Total net premiums written for the third quarter were $147.840 …

CDC ‘Go’ Team Sprints to New York as City Faces First Ebola Case

Start packing for New York, the “go” team from the U.S. Centers for Disease Control and Prevention was told. A doctor there was back from a West African hot zone with Ebola-like symptoms. The disease experts traveling tonight are Pierre …

Employers Hires Hanover’s Collins as East Regional Sales VP

Employers Holdings Inc. in Reno, Nevada, has hired Martha Collins as vice president, regional sales for the eastern region that includes 16 states. Collins will be based in Baltimore, Maryland. Collins brings to Employers Holdings more than 19 years of …

NYC Mayor: Sandy Home-Repair Program Working Better After Overhaul

A program to help New York City homeowners with Superstorm Sandy home-repair efforts has made progress following an overhaul, and is aiming to count up to 1,000 construction starts and 1,500 reimbursement checks by the end of the year, New …

Horse and Buggy Crashes Decline but Still Deadly in Lancaster County, Penn.

Nothing says “Lancaster County” in Pennsylvania like the sight and sound of a lathered horse pulling a square, black buggy down the road. The county undoubtedly has more of the horse-powered vehicles than any other in Pennsylvania, based on population …

Delaware Commissioner Urges Treasury to Reconsider MetLife’s SIFI Designation

Delaware Insurance Commissioner Karen Weldin Stewart has recently sent a letter to U.S. Treasury Secretary Jacob Lew and other federal regulators urging them to reconsider their vote to propose that MetLife be labeled as a “systemically important financial institution” (SIFI). …

UPenn’s Interdisciplinary Research Seeks to Track Ambler’s Asbestos Legacy

Joe Amento, a lifelong resident of Ambler, Pennsylvania, was 53 when he died of a rare cancer with one main cause — exposure to asbestos. He was fine at Christmas 2002. In January, a pain in his side kept him …

Mass. DOI Issues Bulletin on Policy Term Disclosure Requirements

The Massachusetts Division of Insurance issued a bulletin spelling out new disclosure requirements for insurance premium quotes for private passenger motor vehicle and personal property insurance. The Bulletin 2014-08, published on Oct. 20, addresses disclosure issues for coverage and premium …

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