East News

Massachusetts’ Insurance Recovery Group Appoints James as President and CEO

Paul James has been appointed to the role of president and chief executive officer of Insurance Recovery Group Inc. (IRG) by David A. Jollin, IRG’s chairman of the board. IRG is a national subrogation, second injury fund, COLA recovery and …

Exxon Must Disclose Accounting Details in New York Climate Probe

Exxon Mobil Corp.’s attempt to use “accountant-client privilege” to avoid handing over audit documents in a politically charged climate-change probe was dealt a final blow by New York’s top court. The finding on Tuesday affirms a 2016 ruling that Exxon …

Statewide Municipal Group in Vermont May End Town’s Insurance Coverage

The Vermont League of Cities and Towns is considering defeat for the town of Victory, Vt. The Caledonian-Record reports two of Victory’s selectmen were sent a letter from the nonprofit that provides insurance to municipal governments, explaining the town was …

Colony Specialty Appoints York as North Region Casualty Manager

Colony Specialty, a member of Argo Group International Holdings Ltd., has appointed Mike York as regional manager of the North Region within its U.S. Casualty Division. York will report to Tim Williams, vice president of underwriting at Colony Specialty. In …

New York’s Brady Risk Program Managers Hires Three

Brady Risk Program Managers and its partner companies, Tritan Risk Management Group and Healthcare Risk Management Group, have announced that Michael McKeown has joined the firm as senior vice president of brokerage and program management services. In this role, McKeown …

Virginia Man Who Stole $19M from IT Firm Sentenced to 6 Years in Prison

A corporate controller who stole more than $19 million from the information technology firm that employed him has been sentenced to 6 1/2 years in prison. Forty-eight-year-old Jon Frank of Nokesville, Virginia, pleaded guilty to wire fraud earlier this year. …

New Hampshire Workers’ Comp Rates May Decrease for Sixth Year in a Row

New Hampshire employers could pay less for their workers’ compensation insurance next year because of a filing that lowers the rates and loss cost factors insurers use to develop prices. This move would mark the sixth year in a row …

Lounsbury Hired as President of NBT-Mang Insurance Agency

NBT Bancorp Inc., a financial holding company headquartered in Norwich, N.Y., has hired Tucker Lounsbury as president of NBT-Mang Insurance Agency. “His experience in all aspects of the insurance industry makes him a strong choice to lead the efforts of …

Lockton Hires Folk to Philadelphia Operation

Privately held insurance broker Lockton has hired Timothy Folk to its property and casualty team as an executive vice president and producer in the Philadelphia operation. Folk will be responsible for building on Lockton’s expertise within the healthcare industry, said …

South Dakota Beats Delaware as Best Legal Climate for Businesses

For the first time in 15 years Delaware’s court system has lost the top spot in a key business survey, ceding its place to South Dakota, according to a Monday poll conducted by an arm of the U.S. Chamber of …

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