Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 21 Nov 2014 21:37:44 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 D.C. Approves Fines for People Who Don’t Shovel Snow http://www.insurancejournal.com/news/east/2014/11/21/347740.htm Fri, 21 Nov 2014 17:59:54 +0000 http://www.insurancejournal.com/?p=347740 District of Columbia residents who don’t shovel their sidewalks after a snowstorm would face fines under a bill approved by the D.C. Council. The bill was approved Tuesday by a 10-3 vote. It calls for $25 fines for homeowners who …

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Connecticut Approves NCCI’s Workers’ Comp Loss Cost Decrease Filing http://www.insurancejournal.com/news/east/2014/11/21/347788.htm Fri, 21 Nov 2014 17:58:35 +0000 http://www.insurancejournal.com/?p=347788 The Connecticut Insurance Department recently approved the National Council on Compensation Insurance’s (NCCI) workers’ compensation filing for an overall -0.6 percent change for pure premium loss costs and an overall -0.5 percent change in assigned risk plan rates in Connecticut. …

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Safety Urged During Holiday Season in Virginia http://www.insurancejournal.com/news/east/2014/11/21/347738.htm Fri, 21 Nov 2014 16:43:41 +0000 http://www.insurancejournal.com/?p=347738 Several groups, businesses and state leaders in Virginia are kicking off efforts to prevent drunken driving this holiday season. Mothers Against Drunk Driving, Nationwide Insurance and AAA Mid-Atlantic were joined by Attorney General Mark Herring and Virginia State Police Superintendent …

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New York Insurance Association Elects 2015 Officers and Board Directors http://www.insurancejournal.com/news/east/2014/11/21/347736.htm Fri, 21 Nov 2014 16:37:10 +0000 http://www.insurancejournal.com/?p=347736 The New York Insurance Association (NYIA) elected its 2015 officers and board of directors at the association’s annual meeting on Nov. 13. The following officers were elected for a one-year term ending Dec. 31, 2015: Chair: Bernard Turi, senior vice …

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Draft Report: Taxis to Be Outnumbered by Rideshare Drivers in Virginia http://www.insurancejournal.com/news/east/2014/11/20/347661.htm Thu, 20 Nov 2014 17:38:24 +0000 http://www.insurancejournal.com/?p=347661 A draft state report predicts taxis will be outnumbered by ride-sharing drivers after Virginia begins regulating the industry. The report estimates that 5,900 personal vehicles would be registered under a ride-sharing company. That’s 500 more than the number of taxis …

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Eastern Insurance Group Hires Lemos as Construction Practice Manager in Mass. http://www.insurancejournal.com/news/east/2014/11/20/347658.htm Thu, 20 Nov 2014 17:28:43 +0000 http://www.insurancejournal.com/?p=347658 Eastern Insurance Group in Natick, Massachusetts, has hired William Lemos as senior vice president and manager of its construction practice. At Eastern Insurance Group, Lemos will provide oversight and direction as it pertains to operations, marketing and new business growth …

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More Snow Threatening for Western New York as Flooding Risk http://www.insurancejournal.com/news/east/2014/11/20/347612.htm Thu, 20 Nov 2014 13:51:41 +0000 http://www.insurancejournal.com/?p=347612 Lake-effect snow that killed six people and halted travel across western New York may reach as high as 7 feet in some areas before stopping tomorrow, when temperatures will start to rise along with the risk of flooding. At least …

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Hub International Northeast Hires Dionisio as Personal Lines VP in Conn. http://www.insurancejournal.com/news/east/2014/11/19/347411.htm Wed, 19 Nov 2014 20:03:06 +0000 http://www.insurancejournal.com/?p=347411 HUB International Northeast, part of Hub International Limited, has hired Rose Dionisio as vice president of Personal Lines. Based out of the firm’s Fairfield, Connecticut office, Dionisio will be responsible for business development, client retention and sales for the firm’s …

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Conn. Court: Enfield Homeowner Not Liable in Icy Sidewalk ‘Slip and Fall’ Case http://www.insurancejournal.com/news/east/2014/11/19/347553.htm Wed, 19 Nov 2014 18:00:03 +0000 http://www.insurancejournal.com/?p=347553 Connecticut’s Supreme Court ruled Monday that property owners can’t be sued for injuries suffered when someone slips on an icy sidewalk in front of their home or business, unless their town has a specific law making them liable. The ruling …

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Connecticut Commissioner Leonardi to Step Down, Join New York Investment Firm http://www.insurancejournal.com/news/east/2014/11/19/347491.htm Wed, 19 Nov 2014 17:55:52 +0000 http://www.insurancejournal.com/?p=347491 Connecticut Insurance Commissioner Thomas B. Leonardi will step down from his post on Dec. 11, 2014, to join a New York-based global investment banking advisory firm, Gov. Dannel P. Malloy’s office announced Wednesday. Leonardi, who led the Connecticut Insurance Department …

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New York DFS Superintendent Lawsky Leaving After $3B in Fines Makes Mark http://www.insurancejournal.com/news/east/2014/11/19/347476.htm Wed, 19 Nov 2014 16:31:41 +0000 http://www.insurancejournal.com/?p=347476 When Ocwen Financial Corp. shares soared on the news that regulator Benjamin Lawsky, who’s probing the company, will step down, Bill Miller shrugged. The next head of New York’s Department of Financial Services will probably be as aggressive as Lawsky, …

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Lawyer: Morgan Sustained ‘Traumatic Brain Injury’ in N.J. Turnpike Crash http://www.insurancejournal.com/news/east/2014/11/18/347442.htm Tue, 18 Nov 2014 22:52:47 +0000 http://www.insurancejournal.com/?p=347442 Actor-comedian Tracy Morgan was in a coma for days with a traumatic brain injury after a highway crash in which his van was struck from behind by a Wal-Mart Stores Inc. truck five months ago, according to his lawyer. Morgan, …

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Lancer Indemnity Hires Wind as Underwriter in New York http://www.insurancejournal.com/news/east/2014/11/18/347419.htm Tue, 18 Nov 2014 20:14:57 +0000 http://www.insurancejournal.com/?p=347419 Lancer Indemnity Company, a standard lines commercial property/casualty insurance company in Long Beach, New York, has hired Mickey Wind as underwriter. In this position, Wind will focus on new business accounts and analyze commercial business risks. Prior to joining Lancer …

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FBinsure Acquires Gramlich Insurance Agency in Massachusetts http://www.insurancejournal.com/news/east/2014/11/18/347425.htm Tue, 18 Nov 2014 20:12:00 +0000 http://www.insurancejournal.com/?p=347425 FBinsure, an independent insurance agency based in Taunton, Massachusetts, announced its acquisition of Gramlich Insurance Agency, an independent agency in New Bedford, Massachusetts. The terms of the transaction were not disclosed. Ray Gramlich, president of Gramlich Insurance Agency, will be …

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Maryland Firm to Pay $415K to Settle EEOC Discrimination Suit http://www.insurancejournal.com/news/east/2014/11/18/347364.htm Tue, 18 Nov 2014 19:41:06 +0000 http://www.insurancejournal.com/?p=347364 A Maryland-based environmental remediation services contractor will pay $415,000 and provide comprehensive equitable relief to resolve a U.S. Equal Employment Opportunity Commission (EEOC) race, gender discrimination and harassment lawsuit, the federal agency announced on Nov. 13. The EEOC had charged …

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New Jersey Approves 2.9% Increase in Workers’ Comp Rates, Rating Values http://www.insurancejournal.com/news/east/2014/11/18/347407.htm Tue, 18 Nov 2014 19:07:01 +0000 http://www.insurancejournal.com/?p=347407 New Jersey’s Compensation Rating and Inspection Bureau announced that the commissioner of banking and insurance has approved a 2.9 percent increase in rates and rating values applicable to New Jersey workers’ compensation and employers liability insurance effective Jan. 1, 2015 …

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Settlement Reached in Accidental Wild West Show Shooting in New Jersey http://www.insurancejournal.com/news/east/2014/11/18/347348.htm Tue, 18 Nov 2014 16:45:23 +0000 http://www.insurancejournal.com/?p=347348 The legal battle over an accidental shooting at a Wild West theme park in New Jersey that left an actor partially paralyzed has ended with a settlement of nearly $2 million. The New Jersey Herald reports the actor, Scott Harris, …

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N.Y. Sen. Schumer: Federal Government Should Cover Ebola Costs http://www.insurancejournal.com/news/east/2014/11/17/347306.htm Tue, 18 Nov 2014 01:47:21 +0000 http://www.insurancejournal.com/?p=347306 U.S. Sen. Charles Schumer, D-N.Y., says the federal government should reimburse New York City and Bellevue Hospital for costs related to Ebola. The Democrat said on Nov. 16 that more than $20 million has been spent on tracking health professionals …

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Truck Driver in Tracy Morgan Crash Asks to Delay Lawsuit http://www.insurancejournal.com/news/east/2014/11/17/347298.htm Mon, 17 Nov 2014 23:19:15 +0000 http://www.insurancejournal.com/?p=347298 The truck driver charged in a New Jersey highway crash that injured comedian-actor Tracy Morgan and killed another man filed a request on Nov. 14 to delay a federal lawsuit while his criminal case proceeds in state court. Kevin Roper’s …

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Hub International Hires Farley as East Region Cyber Risk Practice Leader http://www.insurancejournal.com/news/east/2014/11/17/347292.htm Mon, 17 Nov 2014 22:10:17 +0000 http://www.insurancejournal.com/?p=347292 Chicago-based global insurance broker Hub International Limited has hired John Farley as vice president and Cyber Risk Practice leader for East region operations. In this role, Farley will be responsible for leading the risk management efforts for a newly developed …

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Acadia Insurance Sues Owner of HMS Bounty That Sank During Sandy http://www.insurancejournal.com/news/east/2014/11/17/347278.htm Mon, 17 Nov 2014 18:35:52 +0000 http://www.insurancejournal.com/?p=347278 An insurance company is suing the owner of an 18th-century replica sailing ship that sank during Superstorm Sandy. Newsday reported on Nov. 14 that Acadia Insurance Co. sued Robert Hansen this month. The suit seeks to recoup $5 million in …

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New Jersey Sen. Menendez Presses for Sandy Flood Insurance Probe http://www.insurancejournal.com/news/east/2014/11/17/347274.htm Mon, 17 Nov 2014 18:17:27 +0000 http://www.insurancejournal.com/?p=347274 The Federal Emergency Management Agency should investigate allegations that insurance companies handling Superstorm Sandy flood damage claims are manipulating them to shortchange victims, U.S. Sen. Robert Menendez said on Nov. 14. At a press conference in his Newark office, Menendez …

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York Risk Services Group Acquires RMPG in New York http://www.insurancejournal.com/news/east/2014/11/17/347261.htm Mon, 17 Nov 2014 17:59:03 +0000 http://www.insurancejournal.com/?p=347261 York Risk Services Group Inc., a Parsippany, New Jersey-based provider of claims management, managed care, risk management and specialized loss adjusting services, has acquired Risk Management Planning Group (RMPG) in Mineola, New York. The terms of the transaction were not …

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3 Sentenced in N.J. for Running International Car Theft Scheme http://www.insurancejournal.com/news/east/2014/11/17/347238.htm Mon, 17 Nov 2014 17:42:36 +0000 http://www.insurancejournal.com/?p=347238 Three men have been sentenced in New Jersey last Friday for running an international car theft scheme from 2007 to 2009. The scheme resulted in high-end cars being stolen in New York and then routed into New Jersey where they …

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CNA Hires DeVinney as Commercial Underwriting Officer in New York http://www.insurancejournal.com/news/east/2014/11/17/347109.htm Mon, 17 Nov 2014 15:40:20 +0000 http://www.insurancejournal.com/?p=347109 CNA Financial Corporation hired David DeVinney as commercial underwriting officer for its branch offices in Long Island and Westchester, New York, and Hartford, Connecticut. Based in New York, DeVinney will lead the strategy for the profitable growth of CNA’s Commercial …

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Viewpoint: NCAA Keeps Bungling Penn State Investigation http://www.insurancejournal.com/news/east/2014/11/17/347217.htm Mon, 17 Nov 2014 14:22:13 +0000 http://www.insurancejournal.com/?p=347217 Newly released documents show that the National Collegiate Athletic Association was in contact with the investigators of the Jerry Sandusky child sex abuse scandal at Pennsylvania State University. The disclosures call into question the supposedly independent review that led to …

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Condé Nast Agrees to $5.8M Settlement in Class-Action Suit Over Intern Pay http://www.insurancejournal.com/news/east/2014/11/14/347140.htm Fri, 14 Nov 2014 17:53:29 +0000 http://www.insurancejournal.com/?p=347140 Condé Nast agreed on Thursday to pay $5.8 million to settle a class-action lawsuit brought by thousands of former interns at the publisher who said they were underpaid for work at the company’s high-end magazines. The settlement agreement, filed in …

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Arthur J. Gallagher Acquires The Titan Group in Virginia http://www.insurancejournal.com/news/east/2014/11/14/347113.htm Fri, 14 Nov 2014 17:42:08 +0000 http://www.insurancejournal.com/?p=347113 Arthur J. Gallagher & Co. announced the acquisition of The Titan Group, LLC located in Richmond, Virginia. Terms of the transaction were not disclosed. Founded in 2001, Titan provides human resource consulting services for private, public, nonprofit, education and state …

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N.Y. Court: Author Michael Lewis Did Not Libel Money Manager in ‘The Big Short’ http://www.insurancejournal.com/news/east/2014/11/14/347119.htm Fri, 14 Nov 2014 17:27:12 +0000 http://www.insurancejournal.com/?p=347119 The author Michael Lewis did not libel a money manager in his 2010 best-seller “The Big Short,” a divided federal appeals court ruled on Friday. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals in New York rejected …

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East Gubernatorial Race Results and Their Impact on Regulators http://www.insurancejournal.com/news/east/2014/11/13/346845.htm Fri, 14 Nov 2014 01:03:13 +0000 http://www.insurancejournal.com/?p=346845 On Nov. 4, 36 states across the country held their gubernatorial elections. In the East region, incumbent governors who were re-elected include Connecticut Gov. Dan Malloy, Maine Gov. Paul LePage, New Hampshire Gov. Maggie Hassan and New York Gov. Andrew …

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