East News

Liberty Mutual Promotes Trish to Northeast Business Insurance President

Liberty Mutual Insurance has promoted Jamie Trish to president of its Northeast Business Insurance operations effective July 1.

Jury Orders Wall St. Financier to Pay Ex-Employee $18M in Harassment Case

A federal jury on Monday ordered the chief executive officer of a Manhattan investment firm to pay $18 million in damages to a former employee for sexual harassment and defamation. Benjamin Wey, who heads up New York Global Group, was …

New Hampshire Fire Marshal’s Office Urges Fireworks Safety

Officials from the New Hampshire fire marshal’s office are urging residents and visitors alike to use caution in buying and using fireworks as the July Fourth holiday weekend approaches. They encourage people to buy their fireworks through licensed retail stores …

All Risks in Maryland Hires Korn as Brokerage Underwriter

Independent insurance wholesaler All Risks Ltd. hired Stu Korn as brokerage underwriter in the Non-Standard Homeowners unit. In this role, Korn will be responsible for cultivating and growing personal lines business, focusing on high value residential properties in New Jersey …

FEMA Sets Sept. 15 Deadline for Requesting Sandy Flood Claims Review

The Federal Emergency Management Agency (FEMA) announced that Sept. 15 would be the last day for National Flood Insurance Program (NFIP) policyholders who filed Superstorm Sandy flood claims to sign up for the review process. “While extensions may be granted …

N.J. Man Sentenced for Insurance Fraud Over Damage Done to Car

A Newark, New Jersey, man who committed insurance fraud is now headed to prison. New Jersey state authorities say Derrick Smith recently received a three-year sentence. Smith sought more than $15,000 from his insurer for damage done to his car …

Obamacare Tax Subsidy Recipients in Northeast Express Relief

The U.S. Supreme Court on Thursday upheld the tax subsidies for health insureds across the country including those in states without their own health exchanges that use the federal health insurance exchange. The following are some of the reactions from …

Penn. Withdraws Its Healthcare Marketplace Plan After Supreme Court Ruling

Pennsylvania Gov. Tom Wolf’s administration said Thursday that it will withdraw its application to take over some functions of the insurance marketplace created under the 2010 federal health care law now that the U.S. Supreme Court has upheld the law’s …

Beazley Hires Kontonotas as Crime & Fidelity Underwriter in New York

Specialist insurer Beazley hired Michael Kontonotas as an underwriter for the company’s crime & fidelity bond underwriting team. He will work from Beazley’s New York office.

Delaware Bans ‘Loser-Pays’ Fee-Shifting Bylaws in Corporate Class Actions

Delaware’s governor has signed into law a ban on companies adopting rules that could force investors who bring and lose certain lawsuits to pay the company’s legal costs, disappointing business groups. The U.S. Chamber of Commerce had embraced the use …

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