Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 21 Apr 2014 05:00:00 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 N.J. Roofing Co. Exec Admits to Misleading Its Workers’ Comp Carrier http://www.insurancejournal.com/news/east/2014/04/17/326801.htm Fri, 18 Apr 2014 01:58:11 +0000 http://www.insurancejournal.com/?p=326801 Authorities said the president of a roofing company in New Jersey pleaded guilty to providing false and misleading information to the company’s workers’ compensation carrier in order to avoid paying hundreds of thousands of dollars in insurance premiums that he …

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Vermont’s Updated Captive Law to Allow ‘Dormant’ Status for Inactive Captives http://www.insurancejournal.com/news/east/2014/04/17/326778.htm Thu, 17 Apr 2014 22:29:02 +0000 http://www.insurancejournal.com/?p=326778 Vermont’s Gov. Peter Shumlin signed new legislation updating Vermont’s captive law, amending the reciprocal insurer section and creating a new “dormant” status for captives. Officials said the new dormant status establishes an efficient mechanism and an option for captives that …

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Poll Finds New Jerseyans Souring on State’s Sandy Recovery Efforts http://www.insurancejournal.com/news/east/2014/04/17/326732.htm Thu, 17 Apr 2014 16:29:01 +0000 http://www.insurancejournal.com/?p=326732 A new poll finds New Jerseyans are souring on how the state is handling Superstorm Sandy recovery efforts. The Monmouth University/Asbury Park Press poll out Wednesday found public satisfaction with the recovery effort has dropped below 50 percent for the …

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Fireman’s Fund Names Senior Product Director for Healthcare Practice in N.Y. http://www.insurancejournal.com/news/east/2014/04/17/326708.htm Thu, 17 Apr 2014 15:54:55 +0000 http://www.insurancejournal.com/?p=326708 Fireman’s Fund Insurance Company has appointed Mike Midgley to senior product director for healthcare professional liability. He is located in Fireman’s Fund’s New York office.Midgley most recently worked in compliance, product development and risk management for 10 years at American …

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AssuredPartners Acquires CBS Coverage Group in N.Y. http://www.insurancejournal.com/news/east/2014/04/17/326704.htm Thu, 17 Apr 2014 15:14:32 +0000 http://www.insurancejournal.com/?p=326704 AssuredPartners Inc., through its subsidiary Assured SKCG Inc., has recently acquired CBS Coverage Group Inc. in Plainview, N.Y. CBS Coverage Group specializes in commercial insurance, employee benefits and financial planning services, and personal insurance. The firm reports revenues of approximately …

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Griffith Insurance Education Foundation Moves to Pennsylvania http://www.insurancejournal.com/news/east/2014/04/16/326550.htm Wed, 16 Apr 2014 18:13:38 +0000 http://www.insurancejournal.com/?p=326550 The Griffith Insurance Education Foundation announced that, as of April 15, its office will officially relocate from Columbus, Ohio, to Malvern, Penn. In 2012, The Griffith Foundation affiliated with The Institutes, an insurance education provider based in Malvern. The Griffith …

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N.Y. Lawmakers Propose Speed Cameras in School Zones in NYC, Long Island http://www.insurancejournal.com/news/east/2014/04/16/326488.htm Wed, 16 Apr 2014 18:04:18 +0000 http://www.insurancejournal.com/?p=326488 New York State lawmakers are taking aim at lead-footed drivers in New York City and Long Island with a proposal to authorize hundreds of speed cameras in school zones, a plan touted as a way to protect pedestrians and raise …

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New Jersey Officials Fighting to End ‘Epidemic of Driver Inattention’ http://www.insurancejournal.com/news/east/2014/04/16/326487.htm Wed, 16 Apr 2014 17:01:24 +0000 http://www.insurancejournal.com/?p=326487 New Jersey’s Acting Attorney General John Hoffman this week announced the staggering toll driver inattention has taken on New Jersey’s roadways in the past 10 years. Hoffman said New Jersey has experienced a “distracted driving decade” during the past 10 …

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Suspect Sandy Charity Begins Distributing Money http://www.insurancejournal.com/news/east/2014/04/16/326486.htm Wed, 16 Apr 2014 16:59:16 +0000 http://www.insurancejournal.com/?p=326486 A Superstorm Sandy charity that was suspected of fraud has started distributing money nearly a year after a settlement with New Jersey prosecutors. The unregistered Hurricane Sandy Relief Foundation handed out $225,000 to four charitable organizations in New Jersey and …

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Most Sandy Housing Assistance Going to Ocean County in N.J. http://www.insurancejournal.com/news/east/2014/04/16/326485.htm Wed, 16 Apr 2014 16:15:09 +0000 http://www.insurancejournal.com/?p=326485 Records show more than 60 percent of Superstorm Sandy state housing assistance is going to homeowners in Ocean County, N.J. Nearly $14 million of the $23 million spent on the Sandy Housing Rental Assistance Program has helped 5,137 Ocean County …

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Starkweather & Shepley Names Healthcare Risk Specialist in Massachusetts http://www.insurancejournal.com/news/east/2014/04/15/326265.htm Tue, 15 Apr 2014 16:51:35 +0000 http://www.insurancejournal.com/?p=326265 Starkweather & Shepley Insurance Brokerage Inc. has appointed Stephen Primiano as healthcare risk specialist. Primiano will be working out of Starkweather’s Westwood, Mass., location, where he will continue to develop risk management strategies for hospitals, physician practices, assisted living communities, …

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N.J. Residents Providing Valuable Storm-Proofing Ideas for Post-Sandy Rebuilding Efforts http://www.insurancejournal.com/news/east/2014/04/15/326267.htm Tue, 15 Apr 2014 16:48:40 +0000 http://www.insurancejournal.com/?p=326267 While scientists, politicians and engineers ponder ways to better protect New Jersey from storms like Superstorm Sandy, some of the best ideas are coming from those who suffered the most. As the second summer after Sandy approaches, several of the …

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N.Y. Sen.: TRIA Renewal Vital for Economic Development in Cities Across Country http://www.insurancejournal.com/news/east/2014/04/14/326253.htm Mon, 14 Apr 2014 22:21:32 +0000 http://www.insurancejournal.com/?p=326253 The U.S. Senate is close to extending an insurance program Sen. Charles Schumer said is vital to New York’s post-9/11 resurgence and economic development in cities across the country. Schumer, D-N.Y., introduced a bill on April 10 that would extend …

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N.Y. Lawmakers Examining Auto Insurance Costs, Rate Factors http://www.insurancejournal.com/news/east/2014/04/14/326134.htm Mon, 14 Apr 2014 15:29:30 +0000 http://www.insurancejournal.com/?p=326134 Auto insurers use many factors, including a motorist’s education and occupation, to accurately gauge their risk, industry representatives told state lawmakers on April 10, a week after a consumer advocacy group called the practice unfair. “The more accurate we can …

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N.Y. Regulators to Start Licensing Title Insurance Agents for First Time http://www.insurancejournal.com/news/east/2014/04/14/326131.htm Mon, 14 Apr 2014 15:16:45 +0000 http://www.insurancejournal.com/?p=326131 New York’s new budget gives state financial regulators authority to issue licenses to title insurance agents for the first time. Sponsors say the measure is intended to protect consumers and lower costs for New York homeowners. The state’s Department of …

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Massachusetts Judge Criticizes AIG in $7M Decision http://www.insurancejournal.com/news/east/2014/04/14/326129.htm Mon, 14 Apr 2014 15:09:39 +0000 http://www.insurancejournal.com/?p=326129 A Massachusetts judge has ordered AIG Inc. to pay at least $7 million to a Wellesley, Mass., man injured after he was struck by a bus in a scathing decision that accuses the insurer of hiding evidence and manipulating witnesses. …

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New York’s Health Commissioner to Step Down for California Job http://www.insurancejournal.com/news/east/2014/04/11/326110.htm Fri, 11 Apr 2014 16:59:38 +0000 http://www.insurancejournal.com/?p=326110 New York Health Commissioner Dr. Nirav Shah will step down in June to take an executive position with Kaiser Foundation Health Plan in California, the health department said Wednesday. During Shah’s tenure as state health commissioner, he became a lightning …

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N.Y. Aims to Improve Patient Handling, Protect Hospital Staffs From Injuries http://www.insurancejournal.com/news/east/2014/04/11/326100.htm Fri, 11 Apr 2014 16:38:52 +0000 http://www.insurancejournal.com/?p=326100 New York is directing health officials and hospitals to identify best practices for safely handling patients in an effort to reduce rough lifting and better protect staff from back injuries. State legislation proposed by New York Gov. Andrew Cuomo’s administration …

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Aon Accused by N.Y.-N.J. Port Authority of Unauthorized Commissions http://www.insurancejournal.com/news/east/2014/04/10/326064.htm Fri, 11 Apr 2014 02:50:47 +0000 http://www.insurancejournal.com/?p=326064 Aon Plc was sued by the Port Authority of New York and New Jersey which claims the insurance broker kept unauthorized commissions and failed to return premium overpayments, causing the agency to pay millions of dollars more than it should …

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N.J.’s Consolidated Insurance Agents Changes Name to ANE, Eyes Expansion http://www.insurancejournal.com/news/east/2014/04/10/326013.htm Thu, 10 Apr 2014 18:09:25 +0000 http://www.insurancejournal.com/?p=326013 Consolidated Insurance Agents, a network of independent insurance agencies in New Jersey, is changing its name to ANE, Agency Network Exchange. It also unveiled a plan to add resources and staff to expand its network of more than 40 independent …

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N.Y. Bill to Standardize Hurricane Deductible Triggers Advances in Assembly http://www.insurancejournal.com/news/east/2014/04/10/325982.htm Thu, 10 Apr 2014 16:36:40 +0000 http://www.insurancejournal.com/?p=325982 A proposed New York State bill to establish standards for hurricane windstorm deductible triggers is advancing in the state Assembly. The bill, A.2729, was reported out of the Assembly’s insurance committee Tuesday. The bill is sponsored by state Assemblyman Harvey …

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N.Y. Metro-North Employee Paralyzed in Train Derailment Files $100M Suit http://www.insurancejournal.com/news/east/2014/04/10/325952.htm Thu, 10 Apr 2014 16:07:54 +0000 http://www.insurancejournal.com/?p=325952 A Metro-North employee paralyzed in the deadly train derailment in the Bronx has filed a $100 million lawsuit against the railroad. Samuel Rivera’s lawyer told the Daily News that his client has extraordinary medical needs as a result of his …

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Captain’s Error Led to 2013 NYC Ferry Crash, Investigators Say http://www.insurancejournal.com/news/east/2014/04/10/325951.htm Thu, 10 Apr 2014 15:58:21 +0000 http://www.insurancejournal.com/?p=325951 A captain’s error, compounded by confusing controls and lax safety regulations, led to the January 2013 ferry crash that injured 80 people in Lower Manhattan, federal investigators said Tuesday. National Transportation Safety Board investigators said the ferry’s captain, Jason Reimer, …

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Mass. Health Insurer Cuts Narcotic Prescriptions to Combat Abuse http://www.insurancejournal.com/news/east/2014/04/10/325950.htm Thu, 10 Apr 2014 15:47:02 +0000 http://www.insurancejournal.com/?p=325950 The largest health insurer in Massachusetts has cut prescriptions of narcotic painkillers by an estimated 6.6 million pills in 18 months as part of a campaign to curb abuse. The decline in prescribed opiates including Percocet and Vicodin followed the …

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Cross Insurance Acquires Troy, Pires & Allen Insurance in Rhode Island http://www.insurancejournal.com/news/east/2014/04/09/325883.htm Wed, 09 Apr 2014 16:55:46 +0000 http://www.insurancejournal.com/?p=325883 Cross Insurance, a subsidiary of Cross Financial Corp. in Bangor, Maine, announced its acquisition of Troy, Pires & Allen Insurance, a 78-year-old insurance agency based in East Providence, R.I. Terms of the transaction were not disclosed. Troy, Pires & Allen …

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N.J. Gov. Asks FEMA to Give Sandy Victims More Time to File Flood Claims http://www.insurancejournal.com/news/east/2014/04/09/325870.htm Wed, 09 Apr 2014 15:49:56 +0000 http://www.insurancejournal.com/?p=325870 New Jersey Gov. Chris Christie’s administration is urging the Federal Emergency Management Agency (FEMA) to give the state’s residents and businesses who suffered flood damages from Superstorm Sandy an additional six-month extension to file a complete flood insurance claim, or …

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USI Insurance Taps Lockton Exec as Strategic Consultant in New York http://www.insurancejournal.com/news/east/2014/04/09/325859.htm Wed, 09 Apr 2014 14:38:30 +0000 http://www.insurancejournal.com/?p=325859 USI Insurance Services has appointed Pauline Sobelman as strategic consultant for its New York metropolitan office. For the past five years, Sobelman served as vice president, senior consultant at Lockton Companies, managing benefit strategies for complex large- and middle-market employers. …

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New York Subpoenas 4 Insurers in Iran Sanctions Probe http://www.insurancejournal.com/news/east/2014/04/08/325815.htm Wed, 09 Apr 2014 01:46:40 +0000 http://www.insurancejournal.com/?p=325815 New York state’s top insurance regulator has sent subpoenas to four U.S. insurance companies as part of a probe of potential sanctions violations involving Iran, a person familiar with the matter said on Tuesday. The Department of Financial Services sent …

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Report: Federal Inspectors Found 7,100 Metro-North Defects Over Last Decade http://www.insurancejournal.com/news/east/2014/04/08/325748.htm Tue, 08 Apr 2014 12:36:56 +0000 http://www.insurancejournal.com/?p=325748 A Connecticut newspaper reports that federal inspectors found more than 7,100 defects and deficiencies in the Metro-North Railroad over the last decade, but records show regulators launched an investigation only after two high-profile accidents last year. In an open records …

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Amica Mutual Offers Outdoor Spring Cleanup Tips for Homeowners http://www.insurancejournal.com/news/east/2014/04/08/325739.htm Tue, 08 Apr 2014 12:27:18 +0000 http://www.insurancejournal.com/?p=325739 A long, cold winter has finally given way to spring, and it’s time to start cleaning up the yard and making other household repairs. Amica Mutual Insurance Company in Lincoln, R.I., reminds homeowners to consider six key areas during outdoor …

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