East News

Massachusetts Insurance Federation Appoints Murphy as Executive Director

The Massachusetts Insurance Federation has named John P. Murphy as its new executive director, effective March 23. He succeeds James T. Harrington, who retired from the post in February.

Magna Carta Hires Leong as Chief Claims Officer in New York

Magna Carta Companies has hired Kevin W. Leong as vice president and chief claims officer. In his new role, Leong will lead Magna Carta’s national claims division. He is based in Magna Carta’s New York headquarters office. Leong has more …

Brown & Brown Acquires Assets of Spain Agency in New York

Brown & Brown Inc. announced today that its subsidiary Brown & Brown of New York Inc. has acquired certain assets of Spain Agency Inc., an independent agency based in Mahopac, New York. Terms of the transaction were not disclosed. Founded …

Maryland Bill Moves Ahead to Protect Residents From Fracking Damage

Maryland senators on March 20 showed signs of cooperation on the topic of fracking, adopting two amendments to a bill opponents worried was another way of banning the natural gas drilling method. The amendments to the bill lower the number …

Cross Insurance Acquires Corcoran & Havlin Insurance in Massachusetts

Cross Insurance, an independent insurance agency headquartered in Bangor, Maine, announced today it has purchased Corcoran & Havlin Insurance Group, an independent agency in Wellesley, Massachusetts. Terms of the transaction were not disclosed. Corcoran & Havlin’s owners, Jack Keefe and …

N.H. Senate Committee Not Backing Workers’ Comp Fee Schedule

A key policy committee in the New Hampshire Senate is backing a workers’ compensation reform bill that it says will reduce costs by 7.5 percent without imposing a price-fixing mechanism backed by business groups. “This agreement will bring real savings …

Roger Clemens’ Insurer AIG to Pay for Settlement Reached in Defamation Suit

A long-running defamation lawsuit against former Boston Red Sox and New York Yankees pitcher Roger Clemens by his ex-trainer has been settled for an undisclosed amount of money to be paid by his insurer, attorneys said Wednesday after meeting with …

PIACT Elects New Officers for 2015-16 Administrative Year

The Professional Insurance Agents of Connecticut Inc. (PIACT) elected officers during the association’s annual convention, held on March 12 at the Foxwoods Resort Casino in Mashantucket, Conn. Following are the new officers who will lead PIACT in 2015-16:

Former Cigna VP Wade Selected to Lead Connecticut Insurance Department

Connecticut Governor Dannel P. Malloy today announced that he is nominating Katharine L. Wade to serve as commissioner of the Connecticut Insurance Department. Wade succeeds Thomas B. Leonardi who stepped down from the post to join New York investment banking …

Yellow Taxis Now Outnumbered by Uber Cars on NYC Streets

New York City’s storied yellow cabs are taking a back seat to black cars. Uber cars, often black sedans that can be summoned with smartphone apps, now outnumber the yellow taxis that city riders have hailed with a whistle and …

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