East News

FEMA Sends Out 1st Round of Letters Offering to Review Sandy Flood Claims

The Federal Emergency Management Agency on Monday mailed out its first round of letters to the National Flood Insurance Program policyholders who filed Superstorm Sandy-related claims, asking whether they want their claims reviewed. FEMA is mailing its letters beginning Monday …

Cross Insurance Acquires Schonning Insurance in Rhode Island

Cross Insurance, an independent insurance agency based in Bangor, Maine, announced it has acquired Schonning Insurance, an independent agency in Westerly, Rhode Island. Terms of the transaction were not disclosed. Schonning Insurance represents more than a dozen insurance companies for …

NFP Acquires Hackett Valine & MacDonald in Vermont

NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced its acquisition of Hackett Valine & MacDonald Inc. (HVM)., an independent insurance agency in South Burlington, Vermont. Terms of the transaction were not …

Amtrak Sued by Train Crash Victims Over Deadly Derailment

Six passengers on an Amtrak train that derailed May 12 in Philadelphia, killing eight and injuring more than 200, sued the railroad claiming the accident could have been avoided. The first of the lawsuits listed injuries suffered by four victims …

Massachusetts DOI Issues Bulletin on Certificates of Insurance Law

The Massachusetts Division of Insurance (DOI) issued a bulletin to provide guidance on the implementation of Massachusetts General Laws Chapter 175L, concerning the issuance of certificates of insurance. Chapter 175L was signed into law on Jan. 7, 2015, by then-Gov. …

Connecticut High Court Upholds Coverage Denial in IBM Data Loss Case

The Connecticut Supreme Court on Monday upheld a lower court’s ruling that Federal Insurance Company and Scottsdale Insurance Company are not required to defend or indemnify the insureds for the loss of computer tapes that exposed personal information of some …

Beacon Hill Hires Holcombe as Senior Account Executive in Pennsylvania

Beacon Hill Associates Inc., a wholesale insurance broker and program administrator in Charlottesville, Virginia, hired Stephen A. Holcombe as senior account executive to to support the firm’s Northeast territory. He is based in Collegeville, Pennsylvania. In his new role, Holcombe …

Federal Railroad Administration Orders Safety Improvements for Amtrak

Federal regulators ordered Amtrak, the U.S. passenger rail service, to immediately improve safety on its Northeast Corridor route from Washington to Boston. Amtrak must expand the use of technology to control train speeds, the Federal Railroad Administration said in a …

Amtrak Will Resume Northeast Runs Monday as FBI Examines Engine

Amtrak will resume passenger service in the Northeast corridor on Monday, a day earlier than planned, after replacing track near Philadelphia damaged in a fatal derailment last week. The first trains will leave New York’s Penn Station at 5:30 a.m. …

Conn. Bill Requires Home Improvement Contractors to Have Insurance

Certain home improvement contractors in Connecticut could soon be obligated to hold liability insurance. The Connecticut House of Representatives on Thursday voted 140-2 in favor of legislation that would require state-registered contactors with a gross annual income of $30,000 or …

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