Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Sat, 25 Oct 2014 15:09:40 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Judge Dismisses Mass. AG Coakley’s Federal Housing Lawsuit http://www.insurancejournal.com/news/east/2014/10/24/344747.htm Fri, 24 Oct 2014 16:56:45 +0000 http://www.insurancejournal.com/?p=344747 A federal judge has dismissed a lawsuit filed by Massachusetts Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court doesn’t have oversight of the matter. Coakley sued the …

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GAO Report Finds SBA Didn’t Meet Timeliness Goal for Sandy Loans http://www.insurancejournal.com/news/east/2014/10/24/344745.htm Fri, 24 Oct 2014 16:54:49 +0000 http://www.insurancejournal.com/?p=344745 A new report from the U.S. Government Accountability Office (GAO) has found that following Superstorm Sandy, the U.S. Small Business Administration (SBA) did not meet its timeliness goal for processing business loan applications. GAO’s report, titled “Small Business Administration: Additional …

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Donegal Group’s Q3 Net Income Rises 14% to $8.7M http://www.insurancejournal.com/news/east/2014/10/24/344706.htm Fri, 24 Oct 2014 15:26:05 +0000 http://www.insurancejournal.com/?p=344706 Donegal Group Inc. in Marietta, Pennsylvania, today posted $8.749 million net income for the company’s 2014 third quarter, a 14.3 percent increase from $7.654 million net income one year ago. Total net premiums written for the third quarter were $147.840 …

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CDC ‘Go’ Team Sprints to New York as City Faces First Ebola Case http://www.insurancejournal.com/news/east/2014/10/23/344661.htm Fri, 24 Oct 2014 02:21:08 +0000 http://www.insurancejournal.com/?p=344661 Start packing for New York, the “go” team from the U.S. Centers for Disease Control and Prevention was told. A doctor there was back from a West African hot zone with Ebola-like symptoms. The disease experts traveling tonight are Pierre …

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Employers Hires Hanover’s Collins as East Regional Sales VP http://www.insurancejournal.com/news/east/2014/10/23/344577.htm Thu, 23 Oct 2014 17:00:44 +0000 http://www.insurancejournal.com/?p=344577 Employers Holdings Inc. in Reno, Nevada, has hired Martha Collins as vice president, regional sales for the eastern region that includes 16 states. Collins will be based in Baltimore, Maryland. Collins brings to Employers Holdings more than 19 years of …

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NYC Mayor: Sandy Home-Repair Program Working Better After Overhaul http://www.insurancejournal.com/news/east/2014/10/23/344574.htm Thu, 23 Oct 2014 16:47:59 +0000 http://www.insurancejournal.com/?p=344574 A program to help New York City homeowners with Superstorm Sandy home-repair efforts has made progress following an overhaul, and is aiming to count up to 1,000 construction starts and 1,500 reimbursement checks by the end of the year, New …

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Horse and Buggy Crashes Decline but Still Deadly in Lancaster County, Penn. http://www.insurancejournal.com/news/east/2014/10/22/344484.htm Wed, 22 Oct 2014 22:25:35 +0000 http://www.insurancejournal.com/?p=344484 Nothing says “Lancaster County” in Pennsylvania like the sight and sound of a lathered horse pulling a square, black buggy down the road. The county undoubtedly has more of the horse-powered vehicles than any other in Pennsylvania, based on population …

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Delaware Commissioner Urges Treasury to Reconsider MetLife’s SIFI Designation http://www.insurancejournal.com/news/east/2014/10/22/344412.htm Wed, 22 Oct 2014 20:02:32 +0000 http://www.insurancejournal.com/?p=344412 Delaware Insurance Commissioner Karen Weldin Stewart has recently sent a letter to U.S. Treasury Secretary Jacob Lew and other federal regulators urging them to reconsider their vote to propose that MetLife be labeled as a “systemically important financial institution” (SIFI). …

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UPenn’s Interdisciplinary Research Seeks to Track Ambler’s Asbestos Legacy http://www.insurancejournal.com/news/east/2014/10/22/344483.htm Wed, 22 Oct 2014 19:34:34 +0000 http://www.insurancejournal.com/?p=344483 Joe Amento, a lifelong resident of Ambler, Pennsylvania, was 53 when he died of a rare cancer with one main cause — exposure to asbestos. He was fine at Christmas 2002. In January, a pain in his side kept him …

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Mass. DOI Issues Bulletin on Policy Term Disclosure Requirements http://www.insurancejournal.com/news/east/2014/10/22/344442.htm Wed, 22 Oct 2014 16:59:54 +0000 http://www.insurancejournal.com/?p=344442 The Massachusetts Division of Insurance issued a bulletin spelling out new disclosure requirements for insurance premium quotes for private passenger motor vehicle and personal property insurance. The Bulletin 2014-08, published on Oct. 20, addresses disclosure issues for coverage and premium …

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EPIC Hires Walsh as Executive Liability, Financial Lines Principal in Conn. http://www.insurancejournal.com/news/east/2014/10/22/344387.htm Wed, 22 Oct 2014 13:56:25 +0000 http://www.insurancejournal.com/?p=344387 Retail insurance broker EPIC (Edgewood Partners Insurance Center) has hired John Walsh as principal of Executive Liability and Financial Lines insurance. Walsh will be based in Stamford, Connecticut, and will report to Steve Levene, managing principal of EPIC Risk Solutions. …

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MEMIC Hires Comer as Senior Production Underwriter in Virginia http://www.insurancejournal.com/news/east/2014/10/22/344386.htm Wed, 22 Oct 2014 13:52:00 +0000 http://www.insurancejournal.com/?p=344386 Workers’ compensation insurer The MEMIC Group has hired Roger Comer as senior production underwriter to serve its agents in Northern Virginia and Maryland. Comer is based in The MEMIC Group’s Tysons Corner, Virginia, office. Roger Comer brings more than 12 …

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New York Says It’s Ready for Ebola, but Many Health Workers Aren’t So Sure http://www.insurancejournal.com/news/east/2014/10/22/344375.htm Wed, 22 Oct 2014 13:30:25 +0000 http://www.insurancejournal.com/?p=344375 Millicent Gist, a receptionist at Montefiore Medical Center in the Bronx, was surprised to hear her facility was an officially designated hospital for people suspected of having Ebola in New York City. That’s disturbing, Gist said, because she’s often the …

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New York’s Pace University Holds Disaster Preparedness Conference http://www.insurancejournal.com/news/east/2014/10/21/344220.htm Tue, 21 Oct 2014 20:37:14 +0000 http://www.insurancejournal.com/?p=344220 Pace University in New York City held a conference Monday titled “Summit on Resilience: The Next Storm.” The event brought together corporate and foundation leaders and government representatives, providing a forum for discussion on lessons from Superstorm Sandy and strengthening …

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William Gallagher in Boston Promotes Sharkey to Executive VP http://www.insurancejournal.com/news/east/2014/10/21/344156.htm Tue, 21 Oct 2014 17:28:34 +0000 http://www.insurancejournal.com/?p=344156 William Gallagher Associates (WGA) in Boston promoted Jennifer Sharkey to executive vice president from senior vice president. As leader of the firm’s ExecutiveRisk Practice, Sharkey is responsible for the strategic leadership in this practice area, overseeing the firm’s relationships and …

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Zurich Employees Volunteering for Home Rebuild Program in New York http://www.insurancejournal.com/news/east/2014/10/21/344219.htm Tue, 21 Oct 2014 16:54:06 +0000 http://www.insurancejournal.com/?p=344219 Zurich North America said its employee volunteers will join St. Bernard Project, a nonprofit disaster recovery group based in New Orleans, for an around-the-clock, 24-hour home rebuilding project in Rockaway, New York, on the two-year anniversary of Superstorm Sandy. Volunteers …

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Risk Strategies Acquires Benefit Development Group in Massachusetts http://www.insurancejournal.com/news/east/2014/10/21/344218.htm Tue, 21 Oct 2014 15:33:29 +0000 http://www.insurancejournal.com/?p=344218 Risk Strategies Co., a national insurance brokerage and risk management firm based in Boston, announced it has acquired Benefit Development Group, a Worcester, Massachusetts-based broker for health insurance, group, and voluntary benefits in the Northeast. This latest transaction marks the …

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Heffernan Acquires Pilot Employee Benefits in New York http://www.insurancejournal.com/news/east/2014/10/21/344217.htm Tue, 21 Oct 2014 15:10:09 +0000 http://www.insurancejournal.com/?p=344217 Heffernan Insurance Brokers announced it has purchased the assets of Pilot Employee Benefits of Melville, New York. Family owned and operated for over 50 years, Pilot Employee Benefits has developed benefits programs and services for a wide variety of companies …

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Rhode Island’s OceanPoint Insurance Hires Porter as Director of Sales http://www.insurancejournal.com/news/east/2014/10/20/344155.htm Mon, 20 Oct 2014 20:40:12 +0000 http://www.insurancejournal.com/?p=344155 OceanPoint Insurance Agency Inc. in Middletown, Rhode Island, has hired Christine Porter as director of sales. Porter will oversee the sales management of all OceanPoint products, including personal insurance, commercial insurance and financial services. Additionally, she will direct the recruitment …

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XL Adds 3 Underwriters to Cyber & Technology Risk Unit in New York http://www.insurancejournal.com/news/east/2014/10/20/344154.htm Mon, 20 Oct 2014 20:36:44 +0000 http://www.insurancejournal.com/?p=344154 XL Group’s Cyber and Technology business unit has added three underwriters, Sean Donahue, Elissa Doroff and Richard Schulz, to its New York-based team. Donahue joins XL Group from Dewitt Stern Group where he most recently served as vice president and …

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New Jersey Contractor Sentenced for Scamming Sandy Victims http://www.insurancejournal.com/news/east/2014/10/20/344101.htm Mon, 20 Oct 2014 16:28:43 +0000 http://www.insurancejournal.com/?p=344101 A New Jersey contractor who took deposits for work that was never done at two central New Jersey homes damaged by Superstorm Sandy has been sentenced to five years in state prison. Monmouth County prosecutors say the sentence handed down …

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IBHS Urges New York to Adopt 2015 Model Building Codes http://www.insurancejournal.com/news/east/2014/10/20/344089.htm Mon, 20 Oct 2014 16:21:15 +0000 http://www.insurancejournal.com/?p=344089 The Insurance Institute for Business & Home Safety (IBHS) said it is commending the New York Code Council for starting the process to adopt the 2015 edition of the International Code Council model (ICC) building codes, known as the I-Codes. …

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Connecticut Police Officer Charged With Workers’ Comp Fraud http://www.insurancejournal.com/news/east/2014/10/20/344082.htm Mon, 20 Oct 2014 15:58:07 +0000 http://www.insurancejournal.com/?p=344082 A former New London, Connecticut, police officer fired over accusations he leaked an internal police document and later rehired has resigned following his arrest on charges he fraudulently collected workers’ compensation benefits. David McElroy was charged with workers’ compensation fraud. …

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Pennsylvania Agrees to $200M Settlement in Medical Malpractice Fund Case http://www.insurancejournal.com/news/east/2014/10/17/344041.htm Fri, 17 Oct 2014 21:57:29 +0000 http://www.insurancejournal.com/?p=344041 Health care providers will be getting $200 million from the state of Pennsylvania in a settlement announced Thursday over litigation about a massive fund set up to help doctors pay malpractice insurance premiums. Gov. Tom Corbett’s administration said the state …

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DCRB Seeks Decrease in Del. WC Voluntary Loss Costs, Residual Market Rates http://www.insurancejournal.com/news/east/2014/10/17/344036.htm Fri, 17 Oct 2014 19:32:55 +0000 http://www.insurancejournal.com/?p=344036 The Delaware Department of Insurance said it has received the Delaware Compensation Rating Bureau’s (DCRB) filing proposing a decrease in both the workers’ compensation voluntary market loss costs and the residual market rates for 2015. DCRB’s filing No. 1404 proposes …

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Maryland County Eyes Doubling Fines for Passing School Buses http://www.insurancejournal.com/news/east/2014/10/17/344009.htm Fri, 17 Oct 2014 16:59:45 +0000 http://www.insurancejournal.com/?p=344009 Police have issued tickets to 730 drivers for passing stopped school buses in Maryland’s Montgomery County in the past nine months. Police say that number is way too high. In Maryland’s Washington County, just over 100 tickets were issued during …

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Massachusetts AG Coakley Proposes Council to Study Safety Threats http://www.insurancejournal.com/news/east/2014/10/17/344015.htm Fri, 17 Oct 2014 16:54:03 +0000 http://www.insurancejournal.com/?p=344015 Massachusetts Attorney General Martha Coakley says if elected governor she’ll tap two former Democratic rivals to head a new council to study emergency preparedness in Massachusetts. Coakley announced Wednesday that she has asked Don Berwick and Juliette Kayyem to lead …

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Penn. Dept. of Transportation Target of Civil Suit in Fatal Crash http://www.insurancejournal.com/news/east/2014/10/17/343959.htm Fri, 17 Oct 2014 16:34:40 +0000 http://www.insurancejournal.com/?p=343959 Pennsylvania Department of Transportation (PennDOT) is defending itself from a civil suit alleging it is partly at fault for a car crash that killed a 15-year-old girl in northeastern Pennsylvania. The Citizens’ Voice of Wilkes-Barre, Pennsylvania, reports that a Luzerne …

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A.M. Best Revises Outlook to Negative for Frederick Mutual in Maryland http://www.insurancejournal.com/news/east/2014/10/17/343952.htm Fri, 17 Oct 2014 14:18:33 +0000 http://www.insurancejournal.com/?p=343952 Ratings agency A.M. Best said it has revised the outlook to “negative” from “stable” and affirmed the financial strength rating of “A- (Excellent)” and the issuer credit rating of “a-” of Frederick Mutual Insurance Co. in Frederick, Maryland. A.M. Best …

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Police Nab 316 Distracted Drivers on Phones in Dover, Delaware http://www.insurancejournal.com/news/east/2014/10/16/343857.htm Thu, 16 Oct 2014 16:59:12 +0000 http://www.insurancejournal.com/?p=343857 Police in Dover, Delaware, have doled out more than 300 tickets to distracted drivers for texting and talking on their cell phones. The 316 tickets were part of a 12-day blitz that ended Sunday, Oct. 12, and eclipse the amount …

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