Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 22 Sep 2014 19:14:27 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 NYC Council Announces Climate-Change Legislation http://www.insurancejournal.com/news/east/2014/09/22/341313.htm Mon, 22 Sep 2014 16:59:44 +0000 http://www.insurancejournal.com/?p=341313 New York’s City Council proposed a package of bills last Friday, Sept. 19, to slash greenhouse gas emissions, shrink the carbon footprint of city operations and reduce the number of cars on the road. The legislation, which builds on environmental …

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For Victims, Johns Hopkins Settlement Marks a Step in Recovery http://www.insurancejournal.com/news/east/2014/09/22/341246.htm Mon, 22 Sep 2014 16:48:38 +0000 http://www.insurancejournal.com/?p=341246 Maria Lennon said she felt some relief when she heard the news last Friday afternoon: A judge had finalized a $190 million settlement between Johns Hopkins Hospital and more than 8,000 patients of a gynecologist who used tiny cameras to …

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Wells Fargo Insurance Hires Aon Exec Samuel for Metro D.C., Va. Region http://www.insurancejournal.com/news/east/2014/09/22/341244.htm Mon, 22 Sep 2014 16:32:26 +0000 http://www.insurancejournal.com/?p=341244 Wells Fargo Insurance, part of Wells Fargo & Company, has named Kyle Samuel managing director for its Metro Washington, D.C., and Virginia offices. Samuel will lead business development, client service and sales, and cross-sell for the firm’s insurance operations across …

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Connecticut Launches New Online Access to Carrier Filings http://www.insurancejournal.com/news/east/2014/09/22/341245.htm Mon, 22 Sep 2014 16:07:07 +0000 http://www.insurancejournal.com/?p=341245 Connecticut Insurance Commissioner Thomas B. Leonardi announced that his insurance department has launched an online site for more convenient access to the rate and form documents that insurance companies file with the department. “With the technology we live with now …

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Insure.net Acquires Stark Agency in Connecticut http://www.insurancejournal.com/news/east/2014/09/22/341256.htm Mon, 22 Sep 2014 15:49:22 +0000 http://www.insurancejournal.com/?p=341256 Insure.net, an independent insurance agency based in North Haven, Connecticut, announced it has acquired Stark Agency in Chester, Connecticut. Founded in 2006, Insure.net has been mostly a personal lines agency, but the firm is now starting to grow its commercial …

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Treasury Hasn’t Determined Boston Bombing Was ‘Act of Terrorism’ Under TRIA http://www.insurancejournal.com/news/east/2014/09/19/340994.htm Fri, 19 Sep 2014 16:59:04 +0000 http://www.insurancejournal.com/?p=340994 A U.S. Treasury Department spokesperson last week provided a statement to Boston news outlets that said “The Secretary has not determined that there has been an ‘act of terrorism’ under the Terrorism Risk Insurance Act” for the April 15, 2013, …

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Virginia Offering Storm Surge Risk Map for Coastal Areas http://www.insurancejournal.com/news/east/2014/09/19/341145.htm Fri, 19 Sep 2014 15:55:10 +0000 http://www.insurancejournal.com/?p=341145 Virginia emergency management officials have created a new tool to help coastal residents assess the risks of rising water in a storm surge. The Virginia Department of Emergency Management says the Geographic Information System map provides users with the maximum …

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Appleby & Wyman in Massachusetts Announces Leadership Changes http://www.insurancejournal.com/news/east/2014/09/19/341138.htm Fri, 19 Sep 2014 15:49:14 +0000 http://www.insurancejournal.com/?p=341138 Appleby & Wyman, an independent insurance agency with offices in Beverly and Westford, Massachusetts, announced changes to its leadership. Effective Jan. 1, 2015, Carmen Marciano, who has served as president and CEO since 1986, will assume the role of chairman. …

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Mass. Gov. Takes Issue With Report Pegging ACA Costs at $1B http://www.insurancejournal.com/news/east/2014/09/18/341020.htm Thu, 18 Sep 2014 23:59:52 +0000 http://www.insurancejournal.com/?p=341020 Massachusetts Gov. Deval Patrick is sharply criticizing a report that puts a price tag of about $1 billion on the implementation of the federal Affordable Care Act in Massachusetts. The Pioneer Institute, a conservative-leaning think tank, said in a report …

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New Jersey OKs Storm Buyouts in East Brunswick http://www.insurancejournal.com/news/east/2014/09/18/341026.htm Thu, 18 Sep 2014 16:40:55 +0000 http://www.insurancejournal.com/?p=341026 New Jersey has purchased the first of seven flood-damaged homes in East Brunswick under a Superstorm Sandy program. The home on Squire Street was purchased for $193,073, based on pre-Sandy market values from an independent appraisal. Because the neighborhood is …

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N.J. to Receive $1.3B in Federal Funds for Transit Storm Protection http://www.insurancejournal.com/news/east/2014/09/18/340971.htm Thu, 18 Sep 2014 14:18:25 +0000 http://www.insurancejournal.com/?p=340971 New Jersey will receive $1.28 billion in federal funds to strengthen its transit system against catastrophic storms such as Superstorm Sandy, which brought commuter service to a halt almost two years ago. New Jersey Governor Chris Christie’s office said the …

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Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud http://www.insurancejournal.com/news/east/2014/09/18/340969.htm Thu, 18 Sep 2014 14:15:10 +0000 http://www.insurancejournal.com/?p=340969 The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in premiums his clients paid. Jeffrey Cohen, 39, of …

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Global Excess Partners Hires Carmody From AIG in New York http://www.insurancejournal.com/news/east/2014/09/17/340894.htm Wed, 17 Sep 2014 20:02:59 +0000 http://www.insurancejournal.com/?p=340894 Global Excess Partners, a managing general agent, has hired Liz Carmody as senior vice president. She is based in New York City. Carmody will assist in managing the firm’s large property and mid-market accounts. In addition to managing property accounts, …

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Lockton’s D.C. Office Hires Bartnik From Wells Fargo http://www.insurancejournal.com/news/east/2014/09/17/340892.htm Wed, 17 Sep 2014 19:51:13 +0000 http://www.insurancejournal.com/?p=340892 Privately-held insurance broker Lockton Companies has hired Chris Bartnik as senior vice president. Based in Lockton’s Washington, D.C., office, Bartnik will join Lockton’s Employee Benefits business team that provides health, welfare, and voluntary benefit plan services for a wide range …

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Arthur J. Gallagher Acquires Hagedorn & Co. in New York http://www.insurancejournal.com/news/east/2014/09/17/340888.htm Wed, 17 Sep 2014 18:20:50 +0000 http://www.insurancejournal.com/?p=340888 Arthur J. Gallagher & Co. announced that it has acquired Hagedorn & Company located in New York, New York. Terms of the transaction were not disclosed. Founded in 1869, Hagedorn is a retail insurance broker providing property/casualty, risk management, group …

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Vermont Health Connect Website Temporarily Shut Down http://www.insurancejournal.com/news/east/2014/09/17/340864.htm Wed, 17 Sep 2014 17:01:38 +0000 http://www.insurancejournal.com/?p=340864 Vermont Gov. Peter Shumlin says the state is temporarily shutting down the Vermont Health Connect website so it can be fixed before the start of the next enrollment period in November. Shumlin and other state officials said at a Tuesday …

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Endangered Birds Halt Dune Project in Long Island, N.Y. http://www.insurancejournal.com/news/east/2014/09/17/340855.htm Wed, 17 Sep 2014 16:59:14 +0000 http://www.insurancejournal.com/?p=340855 A federal judge has temporarily halted a dune replenishment project on New York’s Fire Island over concerns it could harm an endangered bird population. Newsday reports Judge Sandra Feuerstein’s ruling on Sept. 12 stops work at Smith Point County Park …

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Metro-North Train Crash Settlements Reached in Connecticut http://www.insurancejournal.com/news/east/2014/09/17/340860.htm Wed, 17 Sep 2014 16:46:36 +0000 http://www.insurancejournal.com/?p=340860 Four of 28 people who sued the Metro-North Railroad in federal court after being injured in a train crash in Connecticut last year have settled with the commuter railroad, lawyers involved in the case said Monday. Terms of the deals …

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FNA Insurance Services Appoints Quirk as AVP in New York http://www.insurancejournal.com/news/east/2014/09/17/340856.htm Wed, 17 Sep 2014 16:33:36 +0000 http://www.insurancejournal.com/?p=340856 FNA Insurance Services in New Hyde Park, New York, has hired Stephen J. Quirk as assistant vice president of executive benefits, responsible for overseeing the growth of individual life, disability and long term care products and services for FNA’s network …

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AIG’s Regional Casualty Exec Thomas Joins Victor O. Schinnerer in Maryland http://www.insurancejournal.com/news/east/2014/09/17/340827.htm Wed, 17 Sep 2014 16:15:11 +0000 http://www.insurancejournal.com/?p=340827 Underwriting manager Victor O. Schinnerer & Company Inc. in Chevy Chase, Maryland, has hired Scott P. Thomas as senior vice president and senior underwriting manager leading the firm’s property/casualty segment of its Architects & Engineers program and the International P/C …

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Rebuilding Slow After New Jersey Boardwalk Fire http://www.insurancejournal.com/news/east/2014/09/16/340590.htm Tue, 16 Sep 2014 15:54:25 +0000 http://www.insurancejournal.com/?p=340590 Rebuilding is slow one year after a fire devoured more than four blocks of boardwalk and destroyed more than 50 businesses in two New Jersey shore towns. The boardwalk that was lost on Sept. 12, 2013, has been rebuilt between …

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Rhode Island’s FM Global Announces Promotions http://www.insurancejournal.com/news/east/2014/09/16/340578.htm Tue, 16 Sep 2014 15:32:13 +0000 http://www.insurancejournal.com/?p=340578 FM Global has promoted six executives to new senior management roles, effective Oct. 1, 2014. Bret N. Ahnell, senior vice president, Western division manager, will become an executive vice president. He will oversee various divisions within the company, including underwriting …

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Berkley FinSecure in Maryland Promotes Martin to Director of Sales http://www.insurancejournal.com/news/east/2014/09/16/340576.htm Tue, 16 Sep 2014 15:18:08 +0000 http://www.insurancejournal.com/?p=340576 Berkley FinSecure, a W. R. Berkley company based in Towson, Maryland, has promoted Jon Martin to vice president and director of sales. In his new role, Martin will be responsible for management of Berkley FinSecure’s nationwide network of regional sales …

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Occidental to Pay $190M in New Jersey River Pollution Case http://www.insurancejournal.com/news/east/2014/09/16/340542.htm Tue, 16 Sep 2014 13:38:28 +0000 http://www.insurancejournal.com/?p=340542 Occidental Petroleum Corp.’s chemical unit agreed to pay $190 million to cover its liability for the cleanup of the Passaic River in northern New Jersey, state officials said. Occidental Chemical is the legal successor to Diamond Shamrock Chemical Co., which …

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Workplace Fatalities Declined 15% Last Year in Virginia http://www.insurancejournal.com/news/east/2014/09/15/340453.htm Mon, 15 Sep 2014 16:58:06 +0000 http://www.insurancejournal.com/?p=340453 Labor officials say workplace deaths dropped in Virginia and nationwide last year. According to a preliminary report released by the U.S. Department of Labor, Virginia saw workplace fatalities decline 15 percent to 126 in 2013. The Virginian-Pilot reports that 43 …

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Marsh & McLennan Appoints Roberts as Deputy General Counsel http://www.insurancejournal.com/news/east/2014/09/15/340463.htm Mon, 15 Sep 2014 16:53:53 +0000 http://www.insurancejournal.com/?p=340463 Marsh & McLennan Companies Inc. has hired Carey S. Roberts as deputy general counsel and corporate secretary. She will report to Peter J. Beshar, executive vice president and general counsel of Marsh & McLennan. Roberts will be responsible for overseeing …

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Insurance Issues Loom Large in N.J.’s 3rd Congressional District Race http://www.insurancejournal.com/news/east/2014/09/15/340451.htm Mon, 15 Sep 2014 16:49:26 +0000 http://www.insurancejournal.com/?p=340451 Democrats see New Jersey’s 3rd Congressional District as one of their best chances to pick up a House seat in November’s general election in a race full of early spending on accusatory ads, and in which the insurance business looms …

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N.J. Sen. Menendez Urges FEMA to Reform NFIP’s Claims Process http://www.insurancejournal.com/news/east/2014/09/12/340404.htm Fri, 12 Sep 2014 21:18:30 +0000 http://www.insurancejournal.com/?p=340404 Following up on issues that were raised at the July 30 hearing on post-Sandy flood insurance claims, U.S. Sen. Robert Menendez (D-N.J.) sent a letter on Wednesday, Sept. 10, to Federal Emergency Management Agency’s (FEMA) Administrator Craig Fugate, urging him …

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Massachusetts Fire Officials Worried About Possible Rules Change http://www.insurancejournal.com/news/east/2014/09/12/340387.htm Fri, 12 Sep 2014 18:10:13 +0000 http://www.insurancejournal.com/?p=340387 A draft document on costs of fire alarm and sprinkler systems in Massachusetts could lead to a rollback in requirements in some multi-unit residential buildings, a group of concerned fire officials said on Sept. 9. About 40 fire officials attended …

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Integro Hires 2 Executives From Wells Fargo in New York http://www.insurancejournal.com/news/east/2014/09/12/340342.htm Fri, 12 Sep 2014 17:45:47 +0000 http://www.insurancejournal.com/?p=340342 Insurance brokerage and risk management firm Integro Insurance Brokers announced the bolstering of its middle market presence with the addition of two experienced brokers: Anne Webb, a managing principal, and Keren von Schmidt, a principal. Both will be based in …

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