Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 02 Sep 2014 23:11:00 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Donegal Group CEO Nikolaus to Take Temporary Medical Leave http://www.insurancejournal.com/news/east/2014/09/02/339267.htm Tue, 02 Sep 2014 23:06:04 +0000 http://www.insurancejournal.com/?p=339267 Donegal Group Inc. in Marietta, Pennsylvania, announced on Aug. 29 that its chief executive officer, Donald H. Nikolaus, will be on a temporary medical leave of absence. The board has named Donegal Group’s Executive Vice President and Chief Operating Officer …

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IA&B Announces Officers for New Administrative Year http://www.insurancejournal.com/news/east/2014/09/02/339262.htm Tue, 02 Sep 2014 22:36:08 +0000 http://www.insurancejournal.com/?p=339262 Insurance Agents & Brokers Service Group (IA&B) in Mechanicsburg, Penn., and its partnership of agents’ associations in Delaware, Maryland and Pennsylvania announced officers for the new administrative year that begins in the fall. The following directors have been elevated to …

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Massachusetts Tells Drivers Their LOLs, OMGs Can Wait http://www.insurancejournal.com/news/east/2014/09/02/339220.htm Tue, 02 Sep 2014 16:45:49 +0000 http://www.insurancejournal.com/?p=339220 Massachusetts state transportation officials first got the attention of drivers in June when they posted electronic highway signs that implored Bostonians to “use yah blinkah.” The latest effort to combine a serious safety message with a touch of humor took …

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Zurich N.A. Appoints Schiavone to Lead Private Equity Unit in New York http://www.insurancejournal.com/news/east/2014/09/02/339213.htm Tue, 02 Sep 2014 16:32:44 +0000 http://www.insurancejournal.com/?p=339213 Schaumburg, Ill.-based property/casualty insurer Zurich North America has named Paul Schiavone to lead its new private equity unit. The unit operates within the Global Corporate in North America (GCiNA) business entity. Schiavone joined the underwriting leadership team on Aug. 1. …

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3 Years After Irene, New State Office Complex Rising in Vermont http://www.insurancejournal.com/news/east/2014/09/02/339178.htm Tue, 02 Sep 2014 15:42:58 +0000 http://www.insurancejournal.com/?p=339178 Three years after flooding from Tropical Storm Irene made most of Vermont’s state office complex in Waterbury unusable, its replacement is rising out of what was a sodden mess that reeked of the nearby Winooski River. An 86,000-square-foot office building …

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In Sandy Turnaround Test, New York City Says It’ll Meet Goal http://www.insurancejournal.com/news/east/2014/09/02/339176.htm Tue, 02 Sep 2014 14:41:18 +0000 http://www.insurancejournal.com/?p=339176 A home-repair program in New York City has been sprinting to meet a self-imposed deadline to signal a turnaround in Superstorm Sandy recovery, and officials say they’re positioned to pass their test of rebuilding both houses and confidence. The milestone …

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New York’s Staten Island Gets $56M to Control Future Flooding http://www.insurancejournal.com/news/east/2014/08/29/339107.htm Fri, 29 Aug 2014 17:03:25 +0000 http://www.insurancejournal.com/?p=339107 New York officials say $33 million in federal Sandy relief will be going toward the purchase of about 24 acres on Staten Island to control future flooding. Sen. Charles Schumer and New York City Mayor Bill de Blasio announced the …

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Nationwide Eyes Growth in New Jersey Auto Insurance Market http://www.insurancejournal.com/news/east/2014/08/29/339097.htm Fri, 29 Aug 2014 16:59:17 +0000 http://www.insurancejournal.com/?p=339097 Nationwide Mutual Insurance Company has begun selling its Nationwide-branded auto insurance in New Jersey this month for the first time since 1981. “So we’ve been writing business now for about two weeks and so far, so good. It’s obviously very …

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NORCAL Mutual Begins Offering Med Mal Coverage in Del., Penn. http://www.insurancejournal.com/news/east/2014/08/29/339053.htm Fri, 29 Aug 2014 16:15:18 +0000 http://www.insurancejournal.com/?p=339053 NORCAL Mutual Insurance Company, a medical professional liability insurance carrier domiciled in San Francisco, said it is now offering its medical professional liability coverage to healthcare professionals in Delaware and Pennsylvania. The company said it is entering these states offering …

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Philadelphia Insurance Vindicated in YouTube Bugatti Crash Case http://www.insurancejournal.com/news/east/2014/08/29/338986.htm Fri, 29 Aug 2014 15:57:40 +0000 http://www.insurancejournal.com/?p=338986 Philadelphia Insurance Companies said it’s been vindicated in its investigation and denial of a fraudulent claim filed by an East Texas motorist for the 2009 crash of his Bugatti Veryon, following his guilty plea this week in the case United …

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Levinson Joins IFG as President in N.Y. After Non-Compete Period Ends http://www.insurancejournal.com/news/east/2014/08/28/338931.htm Thu, 28 Aug 2014 16:43:51 +0000 http://www.insurancejournal.com/?p=338931 IFG Companies announced Louis D. Levinson has joined the company as its new president in New York. Levinson was originally hired in August of 2013 but had to sit out a year until this month to assume the post because …

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NTSB Releases Its Final Report on 2012 N.J. Freight Train Derailment http://www.insurancejournal.com/news/east/2014/08/28/338947.htm Thu, 28 Aug 2014 16:19:11 +0000 http://www.insurancejournal.com/?p=338947 The National Transportation Safety Board has released its final report on systemic flaws leading up to a 2012 train derailment that leaked a dangerous gas in southern New Jersey. The report issued Tuesday was approved by the NTSB last month, …

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Actress Heigl Drops Her $6M Lawsuit Against Duane Reade in New York http://www.insurancejournal.com/news/east/2014/08/28/338927.htm Thu, 28 Aug 2014 15:51:29 +0000 http://www.insurancejournal.com/?p=338927 Actress Katherine Heigl and Duane Reade have come to an agreement in a lawsuit accusing the New York pharmacy of improperly posting to its social media accounts a paparazzi photograph of her leaving one of its stores. A lawyer for …

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Former NYPD Officer Pleads Guilty in Disability Fraud Scheme http://www.insurancejournal.com/news/east/2014/08/28/338916.htm Thu, 28 Aug 2014 13:48:10 +0000 http://www.insurancejournal.com/?p=338916 A retired member of the New York City Police Department pleaded guilty to charges that he led a ring that directed hundreds of applicants for disability benefits to lie about their psychiatric conditions. Joseph Esposito, 70, of Valley Stream, New …

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Mass. DOI: Insurers Received Over 1,300 Claims From Revere Tornado http://www.insurancejournal.com/news/east/2014/08/27/338867.htm Thu, 28 Aug 2014 00:53:02 +0000 http://www.insurancejournal.com/?p=338867 The Massachusetts Division of Insurance (DOI) said the state’s insurers have so far received more than 1,300 claims from a rare tornado that ripped through the coastal city of Revere on July 28. The DOI said regulators have been collecting …

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NYC Fire Department Gets Ship Firefighting Simulator http://www.insurancejournal.com/news/east/2014/08/27/338776.htm Wed, 27 Aug 2014 17:00:10 +0000 http://www.insurancejournal.com/?p=338776 New York City now has a simulator that reproduces the unique conditions that can arise while fighting fires aboard ships. Fire Commissioner Daniel A. Nigro is presiding over a christening ceremony Tuesday at the department’s training academy on Randall’s Island. …

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Audit Planned of Troubled Vermont Health Connect http://www.insurancejournal.com/news/east/2014/08/27/338767.htm Wed, 27 Aug 2014 16:57:45 +0000 http://www.insurancejournal.com/?p=338767 The Vermont state auditor’s office will be doing an audit of the actions taken to fix the state’s troubled online health insurance marketplace. Auditor Doug Hoffer sent a letter to state officials last week. The state announced earlier this month …

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Lockton Appoints Keith to Lead Philadelphia Operation http://www.insurancejournal.com/news/east/2014/08/27/338751.htm Wed, 27 Aug 2014 16:49:41 +0000 http://www.insurancejournal.com/?p=338751 Privately-held insurance broker Lockton appointed Chris Keith as president of its Philadelphia operation. Keith will lead the broker’s Philadelphia team, focusing on business development and strategic client service for their property/casualty insurance and employee benefits clients. Keith has been a …

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MAPFRE Enters Life Insurance Market in Massachusetts http://www.insurancejournal.com/news/east/2014/08/27/338747.htm Wed, 27 Aug 2014 16:37:43 +0000 http://www.insurancejournal.com/?p=338747 MAPFRE U.S.A. said it has begun selling a term life insurance product in Massachusetts, where MAPFRE’s affiliate Commerce Insurance Company is the largest auto and home insurance carrier. MAPFRE said it is seeking to leverage its dominant position in the …

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Virginia Looks for Ways to Reduce Animal-Vehicle Accidents http://www.insurancejournal.com/news/east/2014/08/26/338632.htm Tue, 26 Aug 2014 16:59:24 +0000 http://www.insurancejournal.com/?p=338632 A Virginia study aimed at reducing collisions between vehicles and animals is targeting a section of Interstate 64 near Waynesboro. Lead researcher Bridget Donaldson tells the Richmond Times-Dispatch that 30 percent of the accidents on the 18 mile-section are collisions …

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N.Y.’s Long Island Areas to Get $16M in Flood-Buffer Funding http://www.insurancejournal.com/news/east/2014/08/26/338620.htm Tue, 26 Aug 2014 16:41:48 +0000 http://www.insurancejournal.com/?p=338620 Several areas on Long Island in New York State will get about $16 million in federal funding to buy storm-damaged properties and turn them into flood buffers. Newsday says the funding includes $9.9 million for Amagansett, and $5.6 million for …

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Conn. Regulators Recovered $1.8M for Policyholders, Taxpayers in Q2 http://www.insurancejournal.com/news/east/2014/08/26/338593.htm Tue, 26 Aug 2014 16:36:14 +0000 http://www.insurancejournal.com/?p=338593 Connecticut Insurance Commissioner Thomas B. Leonardi announced Monday that the Connecticut Insurance Department recovered nearly $1.8 million for policyholders and taxpayers in the second quarter of 2014. “The advent of the Affordable Care Act resulted in more people having health …

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Delaware Workers’ Compensation Oversight Panel Begins Work http://www.insurancejournal.com/news/east/2014/08/26/338575.htm Tue, 26 Aug 2014 15:52:56 +0000 http://www.insurancejournal.com/?p=338575 A Delaware panel established to oversee efforts to keep the state’s workers compensation rates affordable is getting down to work. Delaware’s Workers Compensation Oversight Panel is charged with creating a new medical fee schedule that would result in a 33 …

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Connecticut Prosecutor: No Criminal Charges in Irene Aid Fraud http://www.insurancejournal.com/news/east/2014/08/25/338549.htm Mon, 25 Aug 2014 16:59:14 +0000 http://www.insurancejournal.com/?p=338549 Connecticut prosecutors say they won’t pursue criminal charges against state employees and others who fraudulently obtained emergency food stamp benefits designated for people affected by Tropical Storm Irene in 2011. Deputy Chief State’s Attorney Leonard Boyle told the New Haven …

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Vermont Enticing Disaster Preparedness With Money http://www.insurancejournal.com/news/east/2014/08/25/338507.htm Mon, 25 Aug 2014 16:29:05 +0000 http://www.insurancejournal.com/?p=338507 Vermont is preparing to implement new rules that encourage communities to take steps to reduce future flood damage in exchange for more money to help them recover from the next big flood. Communities across Vermont have known for almost two …

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R.I. Lowers Assessment Rate for Workers’ Comp Insurers to 6.65% http://www.insurancejournal.com/news/east/2014/08/25/338502.htm Mon, 25 Aug 2014 16:17:48 +0000 http://www.insurancejournal.com/?p=338502 The Rhode Island Department of Labor and Training (DLT) announced last week that it has cut the administrative assessment rate charged to insurance companies providing workers’ comp coverage in Rhode Island. For fiscal year 2015, DLT has reduced the rate …

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Delay in Connecticut DMV Website Snags Immigrant Licenses http://www.insurancejournal.com/news/east/2014/08/25/338501.htm Mon, 25 Aug 2014 15:56:49 +0000 http://www.insurancejournal.com/?p=338501 A delayed start in Connecticut’s motor vehicles website is causing confusion among some immigrants over how to seek the state’s driver’s licenses. The Hearst Connecticut Media Group reports that the Connecticut Department of Motor Vehicles was to launch a website …

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Massachusetts State Auditor Reviews Workers’ Comp System http://www.insurancejournal.com/news/east/2014/08/25/338482.htm Mon, 25 Aug 2014 15:48:59 +0000 http://www.insurancejournal.com/?p=338482 A new Massachusetts state audit has made recommendations to improve accountability and efficiency in the workers’ compensation system. Massachusetts State Auditor Suzanne Bump said on August 21 that her office’s review found that the state’s Department of Industrial Accidents, which …

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Data: Connecticut, Maine Have Slow Economic Growth http://www.insurancejournal.com/news/east/2014/08/22/338412.htm Fri, 22 Aug 2014 16:07:30 +0000 http://www.insurancejournal.com/?p=338412 Economic growth in New England has been slowest in Connecticut and Maine since the end of the recession in 2009, according to new federal statistics released Wednesday. Quarterly gross domestic product — the value of all goods and services — …

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New York to Receive $800M in Bank of America Settlement http://www.insurancejournal.com/news/east/2014/08/22/338410.htm Fri, 22 Aug 2014 15:58:19 +0000 http://www.insurancejournal.com/?p=338410 New York state will get $800 million as its share of a national $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, New York Attorney General …

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