East News

Massachusetts Tax on Ridesharing to Go to Taxis, Infrastructure

Massachusetts is preparing to levy a 5-cent fee per trip on ride-hailing apps such as Uber and Lyft and spend the money on the traditional taxi industry, a subsidy that appears to be the first of its kind in the …

Brown, Holmes & Milliken of Maine Hires Freeman

Brown, Holmes & Milliken Agency, an independent insurance agency based in Ellsworth, Maine, has hired Larry Freeman to join its sales staff. In his new role, Freeman will service commercial accounts along with selling home, auto and life policies. He is a 35 …

Massachusetts Restaurant Owner Sentenced to Four Years for Insurance Fraud

A Leominster, Mass., man who set fire to his own restaurant to collect the insurance money has been sentenced to four years in prison. Jeffrey Cordio, who owned the West End Diner, was also sentenced in federal court to three …

Pennsylvania Councilman to Resign Amid Insurance Fraud Charges Following 2014 Crash

A city councilman is resigning following charges he filed a false accident report and repeatedly changed his explanation for what happened. Lebanon, Penn., councilman Tony Matula, 59, faces charges including insurance fraud, false reports to law enforcement and hit and …

New Jersey Manufacturer Faces $56K in Fines for 10 Workplace Safety Violations

National Manufacturing Co. Inc. of Chatham, N.J., was cited in July by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for 10 workplace safety violations, amounting to $56,000 in fines. “National Manufacturing Co. put workers in harm’s …

Massachusetts-Based PMC Insurance Hires Keenan

PMC Insurance Group, a Bedford, Mass., based workers’ compensation specialty wholesaler and program manager, has hired Ed Keenan as vice president of business development. In his new role, Keenan will be responsible for managing underwriting, production and distribution in PMC’s greater metro …

Boston Insurance Brokerage’s Lynch Heads Opening of D.C. Office

Boston Insurance Brokerage Inc. (BIB), a provider of commercial insurance, tapped Brian Lynch, vice president of high value personal lines, to head the opening of its office in Washington D.C. Lynch initially joined the firm in February 2014 as a …

Guidewire to Acquire Massachusetts Software Firm FirstBest

Guidewire Software Inc., a property and casualty insurance software provider headquartered in Calif., has entered into an agreement to acquire FirstBest Systems Inc., a Bedford, Mass. based provider of underwriting management systems for property and casualty insurers. FirstBest’s product lines …

New Jersey’s Holman Insurance Services Acquires Risk Partners

Holman Insurance Services LLC, a subsidiary of Maple Shade, N.J., based Holman Automotive Group Inc., has acquired Risk Partners Inc., a Medford, N.J., based commercial insurance brokerage and managing general underwriter. Following the acquisition, Risk Partners will continue to operate under …

New York’s Columbia University Faces $100M Lawsuit for Mismanaging Retirement Plan

Columbia University was accused on Tuesday of mismanaging its retirement plan in a federal civil lawsuit that alleges $100 million in damages. The suit is the latest to target a major university’s retirement plan management and to bring under scrutiny …

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