East News

St. John’s to Honor XL CEO McGavick as 2014 Insurance Leader of the Year

St. John’s University’s School of Risk Management (SRM) in New York announced it will honor XL Group’s CEO Mike McGavick as the “2014 Insurance Leader of the Year” at its 20th Annual Insurance Leader of the Year Award Dinner.

Wright Specialty Promotes Beer to President, Profit Center Leader in N.Y.

Wright Specialty Insurance in Uniondale, New York, has promoted Kevin C. Beer to president and profit center leader from senior vice president of underwriting. Wright Specialty is a managing general underwriter and program administrator. It’s a member of The Wright …

NYPD: Terror Threat More Complex Than Ever

Air strikes in Iraq, ongoing unrest in Syria and the beheadings of two American journalists are casting a long shadow over the 13th anniversary of the Sept. 11 attacks. While there is no specific threat against New York ahead of …

Ion Insurance Acquires Drescher Agency in Connecticut

Ion Insurance Corp., an agency based in Naugatuck, Connecticut, recently announced it has signed a definitive agreement to acquire Drescher Insurance Agency in Chester, Connecticut. Terms of the transaction were not disclosed. Drescher Insurance Agency was founded in 2003. All …

Alcoa, Others, Moving Some Retirees to Exchanges for Health Insurance

Alcoa Inc. is sending its white-collar retirees to a private exchange to shop for health insurance as the aluminum maker joins the growing ranks of large companies looking for ways to control benefit costs. The move by Pittsburgh, Penn.-based Alcoa …

Rhode Island’s Starkweather & Shepley Announces Promotions

Starkweather & Shepley Insurance Brokerage Inc. in East Providence, Rhode Island, recently announced the following promotions. David B. Soforenko has been promoted to sales manager of Starkweather & Shepley Insurance Brokerage. In this role, he will oversee all retail sales …

Penn National CEO Shutts to Retire at Year’s End

Penn National Insurance in Harrisburg, Pennsylvania, recently reported that President and CEO Kenneth R. Shutts has announced his planned retirement date of Dec. 31, 2014, capping a career spanning 35 years with the company. Shutts was appointed as president in …

Arthur J. Gallagher Acquires Everett James in Connecticut

Arthur J. Gallagher & Co. announced the acquisition of Everett James Inc. located in Ridgefield, Connecticut. Terms of the transaction were not disclosed. Established in 1990, Everett James offers employee benefits consulting and brokerage services primarily for large and middle-market …

New Hampshire Launches Emergency Notification Tools

New Hampshire’s Department of Public Safety has updated one tool and created another that uses mobile and landline phones to alert people to statewide emergencies. A website, ReadyNH.gov, provides step-by-step guidance for people to prepare for natural and man-made disasters. …

New York Grapples With Foreclosed, Abandoned Homes

New York has an estimated 15,000 homes that have been abandoned by owners after receiving foreclosure notices. With no one taking care of the properties they often fall into disrepair, hurting surrounding neighborhoods and putting a drain on local governments. …

East News Archives by Month