Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 28 Aug 2015 20:55:29 +0000 en-US hourly 1 http://wordpress.org/?v=4.3 The Andrew Agency Acquires Crowder & Holloway in Virginia http://www.insurancejournal.com/news/east/2015/08/28/380034.htm Fri, 28 Aug 2015 20:55:29 +0000 http://www.insurancejournal.com/?p=380034 The Andrew Agency, an independent insurance agency in Richmond, Virginia, announced it has acquired Crowder & Holloway in South Hill, Virginia. Terms of the transaction were not disclosed. Founded in 1936, Crowder & Holloway is an insurance broker providing personal …

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N.Y. Man Says He’s Proud of Arrest for Tampering With Red Light Cameras http://www.insurancejournal.com/news/east/2015/08/28/379919.htm Fri, 28 Aug 2015 16:54:48 +0000 http://www.insurancejournal.com/?p=379919 A suburban New York man facing criminal charges for tampering with several red light cameras said that he knew he would be arrested after posting video of his actions online but that it was done in protest of government abuse. …

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District of Columbia Issues Price Optimization Ban Bulletin http://www.insurancejournal.com/news/east/2015/08/28/379993.htm Fri, 28 Aug 2015 16:52:45 +0000 http://www.insurancejournal.com/?p=379993 The District of Columbia’s Department of Insurance, Securities and Banking (DISB) this week issued a bulletin notifying property/casualty insurers doing business in the District that price optimization is discriminatory and that it violates the District’s anti-discrimination insurance laws. The Department’s …

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Concord Specialty Hires DeRose as Senior Underwriting Counsel in New York http://www.insurancejournal.com/news/east/2015/08/28/379991.htm Fri, 28 Aug 2015 16:26:53 +0000 http://www.insurancejournal.com/?p=379991 Concord Specialty Risk, a New York City-based managing general underwriter and underwriting agent for a number of carriers and a series of RSG Underwriting Managers LLC, specializing in providing transactional risk insurance, hired Lidore DeRose as senior underwriting counsel, representations …

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Hubley Approved as President of Mass. Commonwealth Automobile Reinsurers http://www.insurancejournal.com/news/east/2015/08/27/379910.htm Thu, 27 Aug 2015 20:09:25 +0000 http://www.insurancejournal.com/?p=379910 Massachusetts’ Commonwealth Automobile Reinsurers (CAR), the state’s industry-operated residual market and statistical agent for auto insurance, announced that Insurance Commissioner Daniel Judson has approved the CAR Governing Committee’s appointment of Natalie Hubley as the organization’s new president. Hubley has been …

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Man Sues NYC Hotel Named as Source of Legionnaires’ Disease Outbreak http://www.insurancejournal.com/news/east/2015/08/27/379899.htm Thu, 27 Aug 2015 16:59:42 +0000 http://www.insurancejournal.com/?p=379899 A New York man who came down with Legionnaires’ disease and spent several days in a hospital has filed a civil lawsuit against the hotel identified by authorities as the source of the deadly outbreak. Leslie Noble’s lawsuit against the …

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Henderson Brothers Hires Balogh as Consultative Associate in Pittsburgh http://www.insurancejournal.com/news/east/2015/08/27/379889.htm Thu, 27 Aug 2015 16:55:13 +0000 http://www.insurancejournal.com/?p=379889 Henderson Brothers Inc., an independent insurance agency based in Pittsburgh, Pennsylvania, hired Chris Balogh as consultative associate. As part of Henderson Brothers’ consultative department, Balogh will provide clients with comprehensive compliance support and perform claims, risk, and benchmarking analyses. Founded …

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Virginia’s Continental Underwriters Hires 2 Lumbermen’s Executives http://www.insurancejournal.com/news/east/2015/08/27/379884.htm Thu, 27 Aug 2015 16:35:48 +0000 http://www.insurancejournal.com/?p=379884 Continental Underwriters, a Richmond, Virginia-based managing general agency/wholesaler specializing in the placement of insurance for lumber and forest products operations, hired Corey Bounds as loss control director and Gretchen Steelman as property policy renewal team lead. Both Bounds and Steelman …

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Integro Acquires HealthCare Risk Specialists in Connecticut http://www.insurancejournal.com/news/east/2015/08/27/379857.htm Thu, 27 Aug 2015 16:06:04 +0000 http://www.insurancejournal.com/?p=379857 Insurance brokerage and risk management firm Integro announced today that it acquired HealthCare Risk Specialists in West Hartford, Connecticut. Financial details of the transaction have not been disclosed. HealthCare Risk Specialists, incorporated in 1998, provides custom-designed as well as traditional …

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Insurers Paid $12.9M in Claims Stemming From Baltimore Riot http://www.insurancejournal.com/news/east/2015/08/26/379795.htm Wed, 26 Aug 2015 21:15:28 +0000 http://www.insurancejournal.com/?p=379795 The Maryland Insurance Administration says insurance companies have paid $12.9 million in claims stemming from civil unrest in Baltimore linked to the death in April of Freddie Gray. The agency said Tuesday that the payments include $11.6 million for commercial …

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Aon Risk Solutions Hires Surette as Resident Managing Director in Boston http://www.insurancejournal.com/news/east/2015/08/26/379742.htm Wed, 26 Aug 2015 16:59:14 +0000 http://www.insurancejournal.com/?p=379742 Aon Risk Solutions, the global risk management business of Aon plc, hired Joe Surette as resident managing director of Boston operations. Surette succeeds Peter Caine, who left Aon in May to become chief operating officer of Lockton’s St. Louis operations. …

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Maine Issues Bulletin Prohibiting Use of Price Optimization http://www.insurancejournal.com/news/east/2015/08/26/379724.htm Wed, 26 Aug 2015 16:58:50 +0000 http://www.insurancejournal.com/?p=379724 Maine Insurance Superintendent Eric A. Cioppa stated in a bulletin published Monday that in Maine, personal lines property/casualty insurers that use price optimization should submit revised rate filings removing such factors within 60 days after the date of the bulletin. …

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Taxi Companies File Suit to Stop Uber Service in Rhode Island http://www.insurancejournal.com/news/east/2015/08/26/379730.htm Wed, 26 Aug 2015 15:51:37 +0000 http://www.insurancejournal.com/?p=379730 Two taxi companies in Rhode Island have asked a judge to stop ride-hailing company Uber from doing business in the state. The Providence Journal reports Orange Cab of Newport and Airport Taxi of Warwick filed a lawsuit this month seeking …

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Judge Approves Exxon’s $225M New Jersey Pollution Settlement http://www.insurancejournal.com/news/east/2015/08/26/379682.htm Wed, 26 Aug 2015 14:11:36 +0000 http://www.insurancejournal.com/?p=379682 Exxon Mobil Corp’s $225 million settlement with the administration of New Jersey Governor Chris Christie of a longstanding environmental pollution case won approval on Tuesday from a state judge, over the objections of critics who called the accord a sellout. …

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Massachusetts Officials Continue Fight Against Opiate Epidemic http://www.insurancejournal.com/news/east/2015/08/25/379579.htm Tue, 25 Aug 2015 16:58:40 +0000 http://www.insurancejournal.com/?p=379579 In the past six months alone, Kevin MacLean of Fitchburg, Massachusetts, has seen more drug-overdose deaths on the streets than he did in the previous five years. “In 2015, we’re going to be shocked by the numbers,” said MacLean, who …

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New Jersey Firefighters Urge Lawmakers to Adopt Tougher Fire Codes http://www.insurancejournal.com/news/east/2015/08/25/379569.htm Tue, 25 Aug 2015 16:21:54 +0000 http://www.insurancejournal.com/?p=379569 Firefighters in New Jersey are calling for tougher fire codes in the wake of a blaze that destroyed 240 units and left about 500 people homeless at an apartment complex in Edgewater, New Jersey. Leaders from several firefighting organizations stood …

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Farmers’ Almanac Predicts Harsh Winter for Northeast in 2016 http://www.insurancejournal.com/news/east/2015/08/25/379551.htm Tue, 25 Aug 2015 15:43:51 +0000 http://www.insurancejournal.com/?p=379551 It’s not what Bostonians want to hear: The Farmer’s Almanac says another rough winter is in your stars. A year after Boston was pummeled with the snowiest winter on record, editors of the Maine-based publication have dubbed their latest forecast …

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Pennsylvania Says Insurers Are Prohibited From Using Price Optimization http://www.insurancejournal.com/news/east/2015/08/24/379469.htm Tue, 25 Aug 2015 03:59:04 +0000 http://www.insurancejournal.com/?p=379469 Pennsylvania Insurance Commissioner Teresa Miller has issued an official notice warning the state’s insurers that they are prohibited from using the price optimization techniques in property/casualty insurance rates. “The practice is not legal in Pennsylvania and the Insurance Department will …

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Feds Urged to Establish Crop Insurance for Central N.Y. Malt Barley Farmers http://www.insurancejournal.com/news/east/2015/08/24/379437.htm Mon, 24 Aug 2015 16:59:21 +0000 http://www.insurancejournal.com/?p=379437 U.S. Sen. Charles Schumer, D–N.Y., is calling on the U.S. Department of Agriculture (USDA) to establish a crop insurance program for Central New York farmers who grow malt barley. Speaking at the Empire Farmstead Brewery in Madison County, New York, …

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4 Years After Irene, Long-Term Rebuilding Projects Nearing End in Vermont http://www.insurancejournal.com/news/east/2015/08/24/379397.htm Mon, 24 Aug 2015 16:27:47 +0000 http://www.insurancejournal.com/?p=379397 The first new building at the still under-reconstruction Vermont State office complex in Waterbury is now occupied by state employees and more are due back before the end of the year. Down Main Street, a new town office building is …

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Maine’s Clark Insurance Announces Election and Succession of Officers http://www.insurancejournal.com/news/east/2015/08/24/379400.htm Mon, 24 Aug 2015 16:25:43 +0000 http://www.insurancejournal.com/?p=379400 Clark Insurance, an employee-owned independent insurance agency based in Portland, Maine, announced that its board of directors has elected new officers as part of its long-planned internal leadership succession. Kenneth Ross was elected chairman of the Board of Directors. Ross …

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New Jersey Transit Receives $71M Federal Sandy Relief Funding http://www.insurancejournal.com/news/east/2015/08/24/379419.htm Mon, 24 Aug 2015 16:10:14 +0000 http://www.insurancejournal.com/?p=379419 New Jersey Transit is getting $71 million from the federal government to pay for rebuilding and replacing equipment damaged by Superstorm Sandy. The agency and New Jersey’s Congressional delegation announced the award Aug. 21. The money comes from the Federal …

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Hands-Free Law Urged for Massachusetts Drivers http://www.insurancejournal.com/news/east/2015/08/21/379272.htm Fri, 21 Aug 2015 16:15:37 +0000 http://www.insurancejournal.com/?p=379272 Welcome to Massachusetts signs can mean more to drivers than just crossing a state line. For some, they also signal that it’s OK to pick up their cellphones, punch in a phone number and make a call. That’s because all …

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Jury Convicts N.Y. Man Accused of Killing Fiancee for Life Insurance http://www.insurancejournal.com/news/east/2015/08/21/379211.htm Fri, 21 Aug 2015 15:50:53 +0000 http://www.insurancejournal.com/?p=379211 A western New York man accused of killing his fiancee to collect on her life insurance is headed to prison on a fraud conviction. U.S. Attorney William Hochul says it’s believed to be the first time his office has used …

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Maryland’s Chesapeake Employers Promotes Johnson to Director http://www.insurancejournal.com/news/east/2015/08/21/379205.htm Fri, 21 Aug 2015 15:28:24 +0000 http://www.insurancejournal.com/?p=379205 Chesapeake Employers’ Insurance Company, the largest writer of workers’ compensation insurance in Maryland, promoted Tammy Johnson to director of the Strategic Business Unit. In this position, Johnson and the SBU team are responsible for providing a high level of customer …

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Liberty Mutual Promotes Lankford to VP for Metro New York Region http://www.insurancejournal.com/news/east/2015/08/21/379242.htm Fri, 21 Aug 2015 15:19:42 +0000 http://www.insurancejournal.com/?p=379242 Liberty Mutual Insurance promoted Nikki Lankford to vice president for the Metro New York region within the company’s Business Insurance operation. Lankford will be based in New York City and responsible for the profitable growth of small to mid-market business …

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Federal Aid to Rhode Island for January Blizzard Tops $1M http://www.insurancejournal.com/news/east/2015/08/20/379172.htm Thu, 20 Aug 2015 17:00:10 +0000 http://www.insurancejournal.com/?p=379172 Officials say federal aid to Rhode Island to help cover costs of a January blizzard that dumped nearly 2 feet of snow in parts of the state has topped more than $1 million. The Federal Emergency Management Agency, or FEMA, …

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Highway Contractor in Connecticut to Pay for Cars Damaged by Asphalt http://www.insurancejournal.com/news/east/2015/08/20/379028.htm Thu, 20 Aug 2015 16:58:51 +0000 http://www.insurancejournal.com/?p=379028 The Connecticut transportation department says a highway contractor will compensate motorists for damage to their cars as a result of a highway lane opened before asphalt dried. Agency spokesman Kevin Nursick says a subcontractor took responsibility for the mistake Monday …

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Cook Maran & Associates in New York Announces Promotions http://www.insurancejournal.com/news/east/2015/08/20/379118.htm Thu, 20 Aug 2015 16:29:04 +0000 http://www.insurancejournal.com/?p=379118 Cook Maran & Associates, an insurance broker with offices in East Hampton, Southampton and Melville, New York, as well as in Marlton and Fair Lawn, New Jersey, promoted four staff members to vice president and two staff members to assistant …

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N.Y.’s ‘Annoyance Lawyer’ Sues Uber Over Anti-De Blasio Robocall Campaign http://www.insurancejournal.com/news/east/2015/08/20/379107.htm Thu, 20 Aug 2015 15:08:16 +0000 http://www.insurancejournal.com/?p=379107 An attorney who calls himself the “Annoyance Lawyer” sued Uber Technologies Inc. over its robocall campaign attacking New York Mayor Bill de Blasio over his proposal to limit the number of drivers. Todd C. Bank sued on behalf of recipients …

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