East News

Acadia Insurance Sues Owner of HMS Bounty That Sank During Sandy

An insurance company is suing the owner of an 18th-century replica sailing ship that sank during Superstorm Sandy. Newsday reported on Nov. 14 that Acadia Insurance Co. sued Robert Hansen this month. The suit seeks to recoup $5 million in …

New Jersey Sen. Menendez Presses for Sandy Flood Insurance Probe

The Federal Emergency Management Agency should investigate allegations that insurance companies handling Superstorm Sandy flood damage claims are manipulating them to shortchange victims, U.S. Sen. Robert Menendez said on Nov. 14. At a press conference in his Newark office, Menendez …

York Risk Services Group Acquires RMPG in New York

York Risk Services Group Inc., a Parsippany, New Jersey-based provider of claims management, managed care, risk management and specialized loss adjusting services, has acquired Risk Management Planning Group (RMPG) in Mineola, New York. The terms of the transaction were not …

3 Sentenced in N.J. for Running International Car Theft Scheme

Three men have been sentenced in New Jersey last Friday for running an international car theft scheme from 2007 to 2009. The scheme resulted in high-end cars being stolen in New York and then routed into New Jersey where they …

CNA Hires DeVinney as Commercial Underwriting Officer in New York

CNA Financial Corporation hired David DeVinney as commercial underwriting officer for its branch offices in Long Island and Westchester, New York, and Hartford, Connecticut.

Viewpoint: NCAA Keeps Bungling Penn State Investigation

Newly released documents show that the National Collegiate Athletic Association was in contact with the investigators of the Jerry Sandusky child sex abuse scandal at Pennsylvania State University. The disclosures call into question the supposedly independent review that led to …

Condé Nast Agrees to $5.8M Settlement in Class-Action Suit Over Intern Pay

Condé Nast agreed on Thursday to pay $5.8 million to settle a class-action lawsuit brought by thousands of former interns at the publisher who said they were underpaid for work at the company’s high-end magazines. The settlement agreement, filed in …

Arthur J. Gallagher Acquires The Titan Group in Virginia

Arthur J. Gallagher & Co. announced the acquisition of The Titan Group, LLC located in Richmond, Virginia. Terms of the transaction were not disclosed. Founded in 2001, Titan provides human resource consulting services for private, public, nonprofit, education and state …

N.Y. Court: Author Michael Lewis Did Not Libel Money Manager in ‘The Big Short’

The author Michael Lewis did not libel a money manager in his 2010 best-seller “The Big Short,” a divided federal appeals court ruled on Friday. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals in New York rejected …

East Gubernatorial Race Results and Their Impact on Regulators

On Nov. 4, 36 states across the country held their gubernatorial elections. In the East region, incumbent governors who were re-elected include Connecticut Gov. Dan Malloy, Maine Gov. Paul LePage, New Hampshire Gov. Maggie Hassan and New York Gov. Andrew …

East News Archives by Month