East News

New York to Be Reimbursed $32M for Ebola Readiness, Treatment

U.S. Senator Charles Schumer (D-N.Y.) says the federal government is allocating $32 million to the state of New York to cover all expenses related to Ebola readiness and treatment. Schumer says that money from the federal Department of Health and …

This Winter Season Is 1 of Snowiest on Record for Boston

With 1.9 inches of snow overnight on Tuesday, Boston has now received more than 100 inches of snow this winter. The National Weather Service reported Wednesday that the snowfall as recorded at Logan International Airport is now 101.8 inches for …

Former Northern N.J. Mayor Pleads Guilty to Insurance Fraud Charge

A former northern New Jersey mayor has admitted making false statements to police and an insurance company in a bid to cover up a hit-and-run accident. Former Roselle Mayor Garrett Smith pleaded guilty Tuesday to insurance fraud, one day before …

Rhode Island’s Risco Insurance Brokerage Hires Giuliani as Assistant VP

Risco Insurance Brokerage Inc. has hired Christina Giuliani as assistant vice president and wholesale broker for the New England Territory. She is based in Risco’s East Providence, Rhode Island, office and will also work out of the Fort Myers, Florida, …

N.Y. Regulator Lawsky Says Banks Need Money-Laundering Spot Checks

New York’s banking regulator floated a plan Wednesday to spot-check banks’ money laundering controls and hold executives accountable if they fail. Benjamin Lawsky, superintendent of New York’s Department of Financial Services, made the remarks in a speech at Columbia Law …

New Jersey’s Selective Insurance Hires Eden as Head of Commercial Lines

Selective Insurance Group Inc. in Branchville, New Jersey, has hired Douglas T. Eden as executive vice president, head of commercial lines. Eden will assume responsibility for all aspects of standard commercial lines operations, including all regional management.

N.J. Bill Seeks to Prohibit Home Insurers From Raising Rates After Single Claim

A bill currently under consideration in the New Jersey Assembly would prohibit insurance companies from increasing the homeowners insurance policy’s premium based on one claim filed during the policy’s coverage period. The Assembly Bill 4170 (An act concerning homeowners insurance …

Mass. Gov. Baker: Federal Officials Encouraging on Disaster Relief

Massachusetts Gov. Charlie Baker said Monday he’s gotten encouraging signs from federal officials as he’s begun reaching out to them with Massachusetts preparing a formal request for disaster relief following the spate of snowstorms. Back home after a National Governors …

Twice-Wounded Sandy Victims Seek Payout as FEMA Presses Insurers

Some homeowners hit by Hurricane Sandy say they’ve been victimized twice: first by the storm and later by insurers. John Clancy says his insurer, an Allstate Corp. unit, paid just $46,000 of the more than $200,000 in repairs needed on …

Analyst: Taxi Medallions No ‘Safe haven’ in Wake of Uber

Uber, the popular ride-hailing app, is hitting taxicabs where it hurts: The medallion business. Taxi companies make money by charging drivers for medallions, or licenses to drive their cabs. In a note to investors last week, Jefferies analyst Sean Darby …

East News Archives by Month