Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 03 Aug 2015 20:48:13 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 D.C. Dept. of Insurance, Securities & Banking Names New Acting Commissioner http://www.insurancejournal.com/news/east/2015/08/03/377336.htm Mon, 03 Aug 2015 20:13:33 +0000 http://www.insurancejournal.com/?p=377336 The District of Columbia Department of Insurance, Securities & Banking (DISB) confirmed that former DISB senior official Stephen Taylor recently rejoined DISB as its new acting commissioner. Taylor succeeds Chester A. McPherson, who has served as DISB’s acting commissioner since …

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NFP Acquires BWD Group in New York http://www.insurancejournal.com/news/east/2015/08/03/377300.htm Mon, 03 Aug 2015 16:58:50 +0000 http://www.insurancejournal.com/?p=377300 NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today its acquisition of BWD Group LLC in Plainview, New York. Terms of the transaction were not disclosed. NFP said the BWD acquisition …

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SJU to Honor Lloyd’s CEO Beale With Insurance Executive of the Year Award http://www.insurancejournal.com/news/east/2015/08/03/377281.htm Mon, 03 Aug 2015 16:42:55 +0000 http://www.insurancejournal.com/?p=377281 Saint Joseph’s University’s Academy of Risk Management and Insurance in Philadelphia announced today it will present its Insurance Executive of the Year Award to Lloyd’s Chief Executive Officer Inga Beale. She is the first female to lead Lloyd’s, the world’s …

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Confie Acquires Schunke Insurance Agency, Reynolds & Reynolds in New York http://www.insurancejournal.com/news/east/2015/08/03/377268.htm Mon, 03 Aug 2015 16:25:33 +0000 http://www.insurancejournal.com/?p=377268 Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, announced its acquisition of Schunke Insurance Agency Inc. in West Seneca, New York, and Reynolds & Reynolds Agency Inc. in Bellport, New York. Terms of the transactions were …

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AmWINS Group Acquires The III Group in Pennsylvania http://www.insurancejournal.com/news/east/2015/08/03/377253.htm Mon, 03 Aug 2015 14:52:27 +0000 http://www.insurancejournal.com/?p=377253 Wholesale broker AmWINS Group Inc. announced today its acquisition of The III Group, a managing general agent and wholesale broker based in Glenside, Pennsylvania. Terms of the transaction were not disclosed. Founded in 1972, The III Group’s divisions consist of …

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Lockton Announces New Hires for Philadelphia Office http://www.insurancejournal.com/news/east/2015/07/31/377166.htm Fri, 31 Jul 2015 16:52:34 +0000 http://www.insurancejournal.com/?p=377166 Insurance broker Lockton hired Deana Calvelli as vice president of Retirement Services for Lockton’s Northeast region. Calvelli will lead Lockton’s new retirement practice in the Philadelphia office. The practice will advise clients on 401k and other retirement plans. In her …

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Massachusetts Senate to Launch Inquiry Into Home Insurance Rate Hikes http://www.insurancejournal.com/news/east/2015/07/31/377154.htm Fri, 31 Jul 2015 16:28:58 +0000 http://www.insurancejournal.com/?p=377154 The Massachusetts Senate’s oversight body is launching an inquiry into homeowners insurance rate increases approved by the Division of Insurance (DOI) this year after a brutal winter led to increased claims activity. State Senator Mike Barrett (D-Lexington), chair of the …

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Research Says Washington, D.C. Is Slowly Sinking Into the Ocean http://www.insurancejournal.com/news/east/2015/07/30/377078.htm Thu, 30 Jul 2015 21:15:58 +0000 http://www.insurancejournal.com/?p=377078 New research says the land under the Chesapeake Bay region is sinking and projects that Washington, D.C., could drop by six or more inches in the next century — adding to the problems of sea-level rise. The research says the …

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Corruption Trial of Ex-N.Y. Senate Leader Skelos and Son Set for November http://www.insurancejournal.com/news/east/2015/07/30/377064.htm Thu, 30 Jul 2015 19:37:35 +0000 http://www.insurancejournal.com/?p=377064 Former New York Senate Majority Leader Dean Skelos pleaded not guilty to new charges that he demanded payments to his son Adam from the head of an insurance administrator seeking to push favorable legislation through Albany. Prosecutors claim Adam Skelos, …

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Hanover Insurance Reports $120.7M Q2 Net Income http://www.insurancejournal.com/news/east/2015/07/30/377051.htm Thu, 30 Jul 2015 19:09:10 +0000 http://www.insurancejournal.com/?p=377051 The Hanover Insurance Group Inc. in Worcester, Massachusetts, reported on July 29 net income of $120.7 million for its 2015 second quarter, up 46 percent from $82.6 million net income during last year’s second quarter. Net premiums written for the …

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Study: Ongoing Recovery Efforts Take Mental Health Toll on Sandy Survivors http://www.insurancejournal.com/news/east/2015/07/30/377014.htm Thu, 30 Jul 2015 16:59:32 +0000 http://www.insurancejournal.com/?p=377014 A new study says the lingering effects of Superstorm Sandy — in the form of unfinished repairs, disputed claims, and recurrent mold — are associated with increased odds of Sandy-impacted residents experiencing mental health distress, post-traumatic stress disorder (PTSD), and …

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Upward Trend in Highway Fatalities Draws Concern in Delaware http://www.insurancejournal.com/news/east/2015/07/30/377008.htm Thu, 30 Jul 2015 16:39:34 +0000 http://www.insurancejournal.com/?p=377008 AAA Mid-Atlantic says Delaware drivers need to slow down and pay better attention when behind the wheel. Alarmed by an upward trend in road deaths this year, the motor club says too many drivers are engaging in unsafe behavior, including …

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Connecticut Woman Gets Suspended Sentence in Insurance Arson Case http://www.insurancejournal.com/news/east/2015/07/30/377005.htm Thu, 30 Jul 2015 15:35:39 +0000 http://www.insurancejournal.com/?p=377005 A Connecticut woman accused of using fireworks to burn down her Windham, Connecticut, home for insurance has received a fully suspended prison sentence. The Day of New London reports 48-year-old Julie Amero-Volle pleaded no contest to third-degree arson and pleaded …

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Smith Brothers Insurance Acquires Carillo & Howland in Connecticut http://www.insurancejournal.com/news/east/2015/07/30/376995.htm Thu, 30 Jul 2015 15:22:46 +0000 http://www.insurancejournal.com/?p=376995 Smith Brothers Insurance LLC, an independent agency based in Glastonbury, Connecticut, announced that it has acquired the assets of Carillo & Howland Inc., an agency with locations in Windsor Locks and Somers, Connecticut. Terms of the transaction were not disclosed. …

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N.Y. Sen. Schumer Pushes for High-Tech Solution to Drunk Driving http://www.insurancejournal.com/news/east/2015/07/29/376732.htm Wed, 29 Jul 2015 16:59:41 +0000 http://www.insurancejournal.com/?p=376732 U.S. Sen. Charles Schumer, D-N.Y., says the nation should increase funds for the development of high-tech sensors that can disable a car’s ignition if its driver is drunk. The New York Democrat said on July 26 that he is supporting …

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Boston Ends Bid to Host 2024 Olympics http://www.insurancejournal.com/news/east/2015/07/29/376721.htm Wed, 29 Jul 2015 16:50:25 +0000 http://www.insurancejournal.com/?p=376721 Boston’s bid to host the 2024 Olympics is over. The city and the U.S. Olympic Committee severed ties after a board teleconference Monday, USOC spokesman Patrick Sandusky told The Associated Press. The decision throws the bid process — and hopes …

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R.I. Consumer Alert Looks at Insurance Implications for Home-Sharing Rentals http://www.insurancejournal.com/news/east/2015/07/29/376709.htm Wed, 29 Jul 2015 16:38:10 +0000 http://www.insurancejournal.com/?p=376709 Rhode Island’s Insurance Division is advising consumers to examine insurance implications when using home-sharing rental websites such as Airbnb. “Technology has changed the way people interact. There are now online solutions available that let people rent a room or their …

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N.Y. Law Firm Skadden May Be Required to Pay Overtime for Temp Attorneys http://www.insurancejournal.com/news/east/2015/07/29/376621.htm Wed, 29 Jul 2015 15:24:40 +0000 http://www.insurancejournal.com/?p=376621 A federal appeals court said on July 23 the New York law firm Skadden, Arps, Slate, Meagher & Flom may owe overtime pay to a contract lawyer for performing non-legal work, a decision that could make it more costly for …

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New Mass. Police Policy Questioned by Transparency Advocates http://www.insurancejournal.com/news/east/2015/07/28/376500.htm Tue, 28 Jul 2015 16:35:43 +0000 http://www.insurancejournal.com/?p=376500 Kelly Young was driving down Route 28 in Milton, Massachusetts, when a sedan traveling in the other direction rear ended another car and veered into Young’s lane, hitting his car head on, police say. Young, 56, a father of two …

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Anthem-Cigna Deal Could Erode Hartford Region’s Insurance Power Base http://www.insurancejournal.com/news/east/2015/07/28/376497.htm Tue, 28 Jul 2015 15:25:51 +0000 http://www.insurancejournal.com/?p=376497 In the mid- to late-1950s, Connecticut General Life Insurance Co. shook the foundation of the venerable insurance industry in the city of Hartford, Connecticut, when it built a suburban office complex in Bloomfield — becoming the first insurer to move …

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Massachusetts Senate OKs Bill to Prep for Changing Environment http://www.insurancejournal.com/news/east/2015/07/27/376429.htm Mon, 27 Jul 2015 23:49:30 +0000 http://www.insurancejournal.com/?p=376429 The Massachusetts Senate has approved a bill supporters say will help the state better adapt to a changing environment while encouraging the growth of solar energy. The bill, which passed the Senate July 23, would require the state to establish …

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Latest New York Corruption Cases Highlight Patronage Claims http://www.insurancejournal.com/news/east/2015/07/27/376362.htm Mon, 27 Jul 2015 16:54:33 +0000 http://www.insurancejournal.com/?p=376362 It’s a practice seemingly as old as politics itself: top elected officials finding jobs for their wayward sons. The criminal cases against men who used to be two of New York’s most powerful lawmakers both hinge on allegations they took …

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Despite Truce, Uber Agreement Keeps Tensions High at NYC City Hall http://www.insurancejournal.com/news/east/2015/07/27/376358.htm Mon, 27 Jul 2015 16:50:27 +0000 http://www.insurancejournal.com/?p=376358 The deal that, for now, decided the ride-hailing behemoth Uber’s future in New York City began with a phone call to Rome. New York City Council Speaker Melissa Mark-Viverito on Tuesday, July 21, called Mayor Bill de Blasio, who was …

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NAIA Hires Sherwood as Director of Marketing & Communications in Maine http://www.insurancejournal.com/news/east/2015/07/27/376373.htm Mon, 27 Jul 2015 16:11:08 +0000 http://www.insurancejournal.com/?p=376373 North American Insurance Alliance (NAIA), an agency alliance based in Rangeley, Maine, hired Rebecca Sherwood as director of marketing and communications. For the past seven and a half years, Sherwood was employed with Travelers Insurance Company as a senior sales …

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N.H. to Begin Winding Down Medical Malpractice Joint Underwriting Association http://www.insurancejournal.com/news/east/2015/07/27/376357.htm Mon, 27 Jul 2015 15:52:39 +0000 http://www.insurancejournal.com/?p=376357 The New Hampshire Insurance Department announced on July 24 that the Merrimack County Superior Court issued an order appointing Insurance Commissioner Roger A. Sevigny as receiver of the New Hampshire Medical Malpractice Joint Underwriting Association (JUA). The court order comes …

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Boston Olympics Bid Committee Says Insurance Will Minimize Risk to Taxpayers http://www.insurancejournal.com/news/east/2015/07/24/376276.htm Fri, 24 Jul 2015 16:45:20 +0000 http://www.insurancejournal.com/?p=376276 Leaders of Boston’s bid for the 2024 Summer Olympics released details Thursday about insurance proposals they say will provide unprecedented coverage for Massachusetts taxpayers. The Boston 2024 bid committee released a document that described at least eight types of insurance …

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Connecticut’s New DUI Ignition Lock Law Targets First-Time Offenders http://www.insurancejournal.com/news/east/2015/07/24/376248.htm Fri, 24 Jul 2015 16:22:01 +0000 http://www.insurancejournal.com/?p=376248 On March 9, 2012 Benjamin DeMond, a Norwich, Connecticut, firefighter, died at 33 from an accident caused by a drunken driver. Authorities said 50-year-old Willis Goodale of Groton, Connecticut, was trying to cut across Interstate 395 in Montville to use …

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NYC, Uber Reach Deal: No Cap on Company During 4-Month Study http://www.insurancejournal.com/news/east/2015/07/24/376246.htm Fri, 24 Jul 2015 15:48:22 +0000 http://www.insurancejournal.com/?p=376246 Uber cars can continue to be a growing presence on the streets of New York City now that an agreement has been reached between the ride-hailing company and the city. Just before a City Council vote that could have capped …

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Most Maine Crimes Drop in 2014 Even as Drug Arrests Grow http://www.insurancejournal.com/news/east/2015/07/23/376175.htm Thu, 23 Jul 2015 16:55:06 +0000 http://www.insurancejournal.com/?p=376175 The Maine Department of Public Safety says crime dropped nearly 15 percent last year, the largest drop in the four decades that the state has kept detailed records. Commissioner John Morris said Wednesday every crime category tabulated by the state’s …

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Universal Property & Casualty Approved as Licensed Insurance Entity in Va. http://www.insurancejournal.com/news/east/2015/07/23/376149.htm Thu, 23 Jul 2015 16:37:49 +0000 http://www.insurancejournal.com/?p=376149 Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced on July 21 that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the Virginia State Corporation Commission approving UPCIC as a licensed insurance …

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