East News

Mass. Gov. OKs Bill Tying Required Flood Coverage Amount to Mortgage Balance

Massachusetts Gov. Deval Patrick on Wednesday signed into law legislation that prohibits creditors from requiring residential property owners to buy flood insurance in an amount that exceeds the balance of their mortgage or the value of a home equity line …

Pennsylvania Auditor Cites Flaws in Gas Drilling Regulation

Strained by the rapid expansion of natural gas drilling in Pennsylvania and limited resources, environmental regulators have failed to adequately monitor well safety or to provide clear and timely information to citizens, the state’s elected auditor said Tuesday. Eugene DePasquale …

Penn. Insurance Fraud Prevention Authority Appoints Executive Director

The Pennsylvania Insurance Fraud Prevention Authority (IFPA) in Mechanicsburg, Penn., has appointed Thomas A. Donahue III as executive director, effective August 5. Donahue succeeds current Executive Director Ralph Burnham who plans to retire.

Critics Want More Details on Superstorm Sandy Spending in New Jersey

New Jersey Senate President Steve Sweeney says newly released reports on the state’s biggest Superstorm Sandy recovery projects are not detailed enough. Gov. Chris Christie’s administration released its first integrity monitor reports last week, more than 16 months after Christie …

Massachusetts Does Well in New Kids Count Report

Children in Massachusetts are better off than in any other state in the nation, according to a report released Tuesday. Massachusetts was ranked No. 1 in the overall well-being of children as measured in four categories, according to the 25th …

Apollo’s Life Insurance Unit Athene Holding Said to Be Examined for Caesars Link

Apollo Global Management LLC’s dual stakes in an insurer and the largest operator of U.S. casinos are drawing scrutiny by New York’s top financial regulator, who doesn’t want policyholders exposed to the gambling firm’s debt, a person briefed on the …

Donegal Group’s Q2 Profit Declines 26% to $1.9M

Donegal Group Inc. in Marietta, Pennsylvania, today reported $1.94 million net income for its 2014 second quarter, a decline of 26 percent from $2.63 million net income posted during the 2013 second quarter. The insurer said its second quarter earnings …

Hanover Offers Insurance Advice for Parents Sending Kids to College

The Hanover Insurance Group advises that as new high school graduates get ready to head off to college, parents would be wise to prepare for potential risks and liabilities, and to consider the insurance implications. “Be proud of your child’s …

After Ordeal, N.J. Legislator Pushes for Video Cameras in New Police Cars

For New Jersey Assemblyman Paul Moriarty, putting video cameras in new police cars became personal two years ago when he was arrested for drunken driving and video from a camera mounted on a cruiser helped get the charges dropped and …

Johns Hopkins Health System to Pay $190M to Settle Hidden Camera Lawsuit

Johns Hopkins Health System will pay $190 million to settle a lawsuit on behalf of at least 8,500 women whose pelvic exams were secretly recorded by a gynecologist who later committed suicide. The Baltimore hospital said the settlement will be …

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