Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Sat, 20 Dec 2014 16:17:59 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Boston Children’s Hospital to Pay $40K Over Data Breach Allegations http://www.insurancejournal.com/news/east/2014/12/19/350735.htm Fri, 19 Dec 2014 19:03:04 +0000 http://www.insurancejournal.com/?p=350735 Boston Children’s Hospital (BCH) has agreed to pay $40,000 and take steps to prevent future security violations following allegations related to a data breach that affected patient information, Massachusetts Attorney General Martha Coakley announced Friday. The consent judgment, entered Friday …

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PCRB Proposes 5.99% Average Workers’ Comp Loss Cost Decrease in Penn. http://www.insurancejournal.com/news/east/2014/12/19/350729.htm Fri, 19 Dec 2014 18:34:09 +0000 http://www.insurancejournal.com/?p=350729 The Pennsylvania Compensation Rating Bureau (PCRB) has submitted a filing of Pennsylvania loss costs and related rating values with a proposed effective date of April 1, 2015. PCRB said in its Circular No. 1636 on Dec. 15 that its filing, …

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Ringling Bros. Disputes OSHA Citation for Hair-Hanging Accident in R.I. http://www.insurancejournal.com/news/east/2014/12/19/350706.htm Fri, 19 Dec 2014 17:28:03 +0000 http://www.insurancejournal.com/?p=350706 Ringling Bros. and Barnum & Bailey Circus has contested a citation it received from federal regulators for an accident that sent eight hair-hanging acrobats plummeting to the ground during a live performance, severely injuring most of them. Stephen Payne, a …

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Ringleader of Auto Insurance Fraud Scam Pleads Guilty in Massachusetts http://www.insurancejournal.com/news/east/2014/12/19/350698.htm Fri, 19 Dec 2014 17:18:25 +0000 http://www.insurancejournal.com/?p=350698 The ringleader of an automobile insurance fraud scheme in which dozens of New York City residents claimed they lived at fictional addresses in western Massachusetts has pleaded guilty in a deal she hopes will help her avoid deportation. Lefen Chen …

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14 Charged for Roles in Deadly 2012 Meningitis Outbreak http://www.insurancejournal.com/news/east/2014/12/18/350610.htm Thu, 18 Dec 2014 20:38:50 +0000 http://www.insurancejournal.com/?p=350610 In the biggest criminal case ever brought in the U.S. over contaminated medicine, 14 owners or employees of a Massachusetts pharmacy were charged Wednesday in connection with a 2012 meningitis outbreak that killed 64 people. The nationwide outbreak was traced …

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New York Will Move to Prohibit Fracking http://www.insurancejournal.com/news/east/2014/12/18/350614.htm Thu, 18 Dec 2014 20:34:32 +0000 http://www.insurancejournal.com/?p=350614 New York Gov. Andrew Cuomo’s administration will move to prevent fracking in the state, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique. New York Environmental Commissioner Joe Martens said Wednesday that he was recommending …

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Arthur J. Gallagher Acquires Affinity Marketing Group in Massachusetts http://www.insurancejournal.com/news/east/2014/12/18/350620.htm Thu, 18 Dec 2014 20:22:47 +0000 http://www.insurancejournal.com/?p=350620 Arthur J. Gallagher & Co. announced the acquisition of Affinity Marketing Group LLC in Natick, Massachusetts. Terms of the transaction were not disclosed. Established in 2001, Affinity Marketing Group (AMG) is a national program broker that provides access to products …

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Aspen Insurance Agency Announces New Hires in N.H. http://www.insurancejournal.com/news/east/2014/12/18/350491.htm Thu, 18 Dec 2014 19:56:35 +0000 http://www.insurancejournal.com/?p=350491 Aspen Insurance Agency in Manchester, New Hampshire, has hired two additional staff members. Lyndsay Lee has joined the agency as commercial marketing representative. Lee brings seven years of insurance industry experience to Aspen Insurance Agency. Her primary responsibilities include placing …

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Integro Acquires Ventura Insurance Brokerage in New York http://www.insurancejournal.com/news/east/2014/12/18/350541.htm Thu, 18 Dec 2014 19:26:29 +0000 http://www.insurancejournal.com/?p=350541 Insurance brokerage and risk management firm Integro announced its acquisition of Ventura Insurance Brokerage in New York City. Financial details of the transaction were not disclosed. Ventura Insurance Brokerage is an entertainment specialist brokerage firm providing insurance services to the …

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Boston Uber Driver Charged With Raping Woman Who Sought Ride http://www.insurancejournal.com/news/east/2014/12/18/350517.htm Thu, 18 Dec 2014 14:20:12 +0000 http://www.insurancejournal.com/?p=350517 A Boston man who works as an Uber Technologies Inc. driver was charged with taking a woman to a secluded area and raping her, as questions about the company’s driver-screening process prompted it to begin an assessment of its safety …

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Housing Focus of Next Sandy Aid for New Jersey http://www.insurancejournal.com/news/east/2014/12/17/350469.htm Thu, 18 Dec 2014 01:18:37 +0000 http://www.insurancejournal.com/?p=350469 Restoring housing and expanding a fund that finances thousands of affordable rental units for low- to moderate-income families will be how New Jersey spends most of what will likely be the final round of Superstorm Sandy relief money. New Jersey …

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Arthur J. Gallagher Acquires Independent Benefit Services in Maryland http://www.insurancejournal.com/news/east/2014/12/17/350487.htm Wed, 17 Dec 2014 22:17:13 +0000 http://www.insurancejournal.com/?p=350487 Arthur J. Gallagher & Co. today announced the acquisition of Independent Benefit Services Inc. (iBEN) located in Rockville, Maryland. Terms of the transaction were not disclosed. Founded in 1989, iBEN provides employee benefits, human resources and retirement plan consultation and …

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Mass. Vehicle Thefts Down 90% From Peak in 1975, Report Shows http://www.insurancejournal.com/news/east/2014/12/17/350460.htm Wed, 17 Dec 2014 20:14:22 +0000 http://www.insurancejournal.com/?p=350460 From its peak auto theft year in 1975 when 91,563 vehicles were stolen, Massachusetts has experienced a significant decline ending 2013 with 9,122 thefts. That’s a reduction of 90 percent since 1975, according to the National Insurance Crime Bureau (NICB). …

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N.J. Assembly Delays Vote on ‘Electronic’ Auto Insurance Bill http://www.insurancejournal.com/news/east/2014/12/17/350453.htm Wed, 17 Dec 2014 17:58:46 +0000 http://www.insurancejournal.com/?p=350453 The New Jersey Assembly has delayed a vote on a measure that would allow drivers in New Jersey to use smart phones, computers or tablets to prove they carry auto insurance during traffic stops. The bill was due to be …

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NICB: Vehicle Thefts in New York Down 92% From Peak in 1990 http://www.insurancejournal.com/news/east/2014/12/17/350442.htm Wed, 17 Dec 2014 17:53:53 +0000 http://www.insurancejournal.com/?p=350442 From its peak auto theft year in 1990 when 187,591 vehicles were stolen, New York has experienced a significant decline ending 2013 with 15,482 thefts. That’s a reduction of 92 percent since 1990, according to the National Insurance Crime Bureau …

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Beecher Carlson Hires Aon Exec Martin as Managing Director in New York http://www.insurancejournal.com/news/east/2014/12/16/350324.htm Tue, 16 Dec 2014 21:55:21 +0000 http://www.insurancejournal.com/?p=350324 Beecher Carlson Insurance Services LLC, a specialized large account insurance brokerage in Atlanta, has hired Allyson Martin as managing director. She is based in Beecher Carlson’s New York office. Martin most recently served as senior vice president at Aon Risk …

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A.I.M. Mutual Names Standing to Succeed Myers as CEO in Massachusetts http://www.insurancejournal.com/news/east/2014/12/16/350313.htm Tue, 16 Dec 2014 21:36:17 +0000 http://www.insurancejournal.com/?p=350313 A.I.M. Mutual Insurance Cos. in Burlington, Massachusetts, announced that its board of directors has named President Michael E. Standing to succeed John A. Myers as chief executive officer, effective Jan. 1, 2015. Myers, who has been serving as CEO and …

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Officials in Portland, Maine, Considering Database After Deadly Fire http://www.insurancejournal.com/news/east/2014/12/16/350310.htm Tue, 16 Dec 2014 18:52:13 +0000 http://www.insurancejournal.com/?p=350310 Portland, Maine officials may roll out a centralized database for tracking housing complaints in response to a deadly November fire that killed six people. The Portland Press Herald reports the city is also getting ready to unveil a new mobile- …

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Brownyard Group in New York Announces New Hire, Promotions http://www.insurancejournal.com/news/east/2014/12/16/350302.htm Tue, 16 Dec 2014 18:48:12 +0000 http://www.insurancejournal.com/?p=350302 Brownyard Group, a Bay Shore, New York-based program administrator providing specialized insurance coverage for select industry groups, announced two promotions and the hiring of a new client service specialist. Maggie Hammarth was promoted to account manager in the underwriting department. …

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Meeker Sharkey Merges With James F. Hurley Insurance Agency in N.J. http://www.insurancejournal.com/news/east/2014/12/16/350292.htm Tue, 16 Dec 2014 17:59:00 +0000 http://www.insurancejournal.com/?p=350292 Meeker Sharkey Associates, an insurance agency in Cranford, New Jersey, and James F. Hurley Insurance Agency of Bedminster, New Jersey, have announced their merger. Terms of the transaction were not disclosed. The two agencies said that by combining their resources, …

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USI Acquires Program Business From Askin, Weber & Reed in N.J. http://www.insurancejournal.com/news/east/2014/12/16/350271.htm Tue, 16 Dec 2014 17:41:34 +0000 http://www.insurancejournal.com/?p=350271 USI Insurance Services in Valhalla, New York, announced its acquisition of an insurance program business from Askin, Weber & Reed (AWR) in Freehold, New Jersey. Terms of the transaction, which has been completed, were not disclosed. AWR has been involved …

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Sandy Hook Victims’ Families Blame Bushmaster in Lawsuit for Shooting http://www.insurancejournal.com/news/east/2014/12/16/350233.htm Tue, 16 Dec 2014 16:38:17 +0000 http://www.insurancejournal.com/?p=350233 The maker of the military assault rifle used to kill dozens at a Connecticut elementary school was sued almost exactly two years later by the families of 20 first-grade students who died in the mass shooting. The Bushmaster Firearms International …

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New York Judge Dismisses Lawsuit Challenging Red-Light Cameras http://www.insurancejournal.com/news/east/2014/12/16/350232.htm Tue, 16 Dec 2014 16:28:49 +0000 http://www.insurancejournal.com/?p=350232 New York City won dismissal of a lawsuit challenging its red-light cameras, the first in the U.S., the day before New Jersey is scheduled to shut down its program. Drivers fined for running traffic lights sued the city in December …

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Arthur J. Gallagher Acquires O’Gorman & Young in New Jersey http://www.insurancejournal.com/news/east/2014/12/15/350167.htm Mon, 15 Dec 2014 20:16:57 +0000 http://www.insurancejournal.com/?p=350167 Arthur J. Gallagher & Co. announced the acquisition of O’Gorman & Young Inc., headquartered in Chatham, New Jersey, including its affiliate G.R. Murray Insurance, in Princeton, New Jersey. Terms of the transaction were not disclosed. Founded in 1894, O’Gorman & …

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Study: Heart Attacks Rose in New Jersey in Sandy’s Wake http://www.insurancejournal.com/news/east/2014/12/15/350090.htm Mon, 15 Dec 2014 18:51:01 +0000 http://www.insurancejournal.com/?p=350090 Rutgers University researchers in New Jersey say there was a spike in heart attacks and strokes in the New Jersey counties hardest hit by Superstorm Sandy. Robert Wood Johnson Medical School compared heart attacks and strokes and the deaths they …

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Federal Judge Rejects Bid to Delay Morgan Lawsuit http://www.insurancejournal.com/news/east/2014/12/15/350149.htm Mon, 15 Dec 2014 18:43:50 +0000 http://www.insurancejournal.com/?p=350149 Tracy Morgan has won the latest round in his effort to sue Wal-Mart and others over a fatal crash in New Jersey. A federal judge on Dec. 12 refused to delay the lawsuit. The ruling came on a motion by …

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N.H. Liquor Commission Ramps Up Efforts to Prevent Drunken Driving http://www.insurancejournal.com/news/east/2014/12/15/350099.htm Mon, 15 Dec 2014 17:40:41 +0000 http://www.insurancejournal.com/?p=350099 The New Hampshire Liquor Commission is ramping up efforts to prevent drunken driving during the holiday season by increasing undercover monitoring of establishments serving alcohol and partnering with the state police to increase patrols. A $25,000 grant from the National …

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SBA Loans Impacting Grant Money for Sandy Victims http://www.insurancejournal.com/news/east/2014/12/15/350104.htm Mon, 15 Dec 2014 17:37:16 +0000 http://www.insurancejournal.com/?p=350104 When Superstorm Sandy left Denise Erickson’s home with a collapsed foundation, a loan from the Small Business Administration looked like the best deal in town. She got more than $150,000 from the SBA to help fix her family’s Bellmore home …

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N.J. Assembly Panel Advances Bill Regulating Ridesharing Firms http://www.insurancejournal.com/news/east/2014/12/12/350014.htm Fri, 12 Dec 2014 21:00:08 +0000 http://www.insurancejournal.com/?p=350014 Companies that allow drivers to use personal vehicles to transport riders in New Jersey would have to get a state permit and meet safety requirements under state legislation that’s been advanced by a New Jersey Assembly panel. The New Jersey …

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IICF Northeast Announces $1.2M in Grants to Local Nonprofits http://www.insurancejournal.com/news/east/2014/12/12/350009.htm Fri, 12 Dec 2014 20:40:54 +0000 http://www.insurancejournal.com/?p=350009 The Insurance Industry Charitable Foundation (IICF) announced $1.2 million in grants to 16 local and regional nonprofits at its 8th Annual Northeast Benefit dinner Wednesday in New York. The event was attended by 900 insurance industry professionals and was headlined …

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