Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Thu, 29 Jan 2015 14:06:12 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 United Insurance Acquires Shiretown Agency in Maine http://www.insurancejournal.com/news/east/2015/01/28/355747.htm Wed, 28 Jan 2015 22:24:06 +0000 http://www.insurancejournal.com/?p=355747 United Insurance, an independent insurance agency headquartered in Falmouth, Maine, announced the acquisition of the Shiretown Agency in Farmington, Maine. Terms of the transaction were not disclosed. United Insurance has 16 Maine locations and one in Rochester, New Hampshire. The …

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Delaware OKs Decreases in WC Voluntary Loss Cost, Residual Market Rate http://www.insurancejournal.com/news/east/2015/01/28/355736.htm Wed, 28 Jan 2015 19:24:57 +0000 http://www.insurancejournal.com/?p=355736 Delaware Insurance Commissioner Karen Weldin Stewart today announced the approval of the Delaware Compensation Rating Bureau’s (DCRB) workers’ compensation amended rate filing, resulting in overall average decreases of 9.7 percent in the residual market rate and 11.5 percent in the …

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N.J. Official: State’s Ailing Roads, Bridges Costing Drivers Billions of Dollars http://www.insurancejournal.com/news/east/2015/01/28/355724.htm Wed, 28 Jan 2015 17:59:18 +0000 http://www.insurancejournal.com/?p=355724 In the wake of the partial closure of a heavily traveled bridge in northern New Jersey last week, the state’s Transportation Commissioner Jamie Fox warned that the state’s failing roads and bridges cost drivers billions of dollars as the state …

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New York City Blizzard Proves Dud as Weather Forecasters Miss Mark http://www.insurancejournal.com/news/east/2015/01/28/355709.htm Wed, 28 Jan 2015 17:27:37 +0000 http://www.insurancejournal.com/?p=355709 Reopen Broadway, start up the trains, get the commuters back on the road. The great New York City blizzard of ’15 was a bust. Not that there was no snow — Manhattan’s Central Park had 7.9 inches (20 centimeters) as …

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IA&B Adds to Sales Center Staff in Pennsylvania http://www.insurancejournal.com/news/east/2015/01/27/355589.htm Tue, 27 Jan 2015 21:26:57 +0000 http://www.insurancejournal.com/?p=355589 Insurance Agents & Brokers (IA&B), a tri-state trade organization based in Mechanicsburg, Pennsylvania, hired John Angstadt as business development specialist and Cheryl Shiffer as professional lines account manager for its Sales Center. Angstadt comes to IA&B with 13 years of …

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Lawley Expands Into Connecticut With Merger of DFM Insurance http://www.insurancejournal.com/news/east/2015/01/27/355585.htm Tue, 27 Jan 2015 20:26:15 +0000 http://www.insurancejournal.com/?p=355585 Lawley Insurance, an independent insurance agency headquartered in Buffalo, New York, will expand into Connecticut through a merger with DFM Insurance Inc. based in Darien, Connecticut. Terms of the transaction were not disclosed. DFM Insurance will formally be known as …

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Clark Insurance Acquires James L. Cooney Agency in Massachusetts http://www.insurancejournal.com/news/east/2015/01/27/355568.htm Tue, 27 Jan 2015 19:17:46 +0000 http://www.insurancejournal.com/?p=355568 Clark Insurance, an employee-owned independent insurance agency with offices in Maine and New Hampshire, has acquired the James L. Cooney Insurance Agency of Lowell, Massachusetts. Terms of the transaction were not disclosed. The James L. Cooney Insurance Agency began business …

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Blizzard Sweeps Northeast U.S., New York Spared Its Brunt http://www.insurancejournal.com/news/east/2015/01/27/355563.htm Tue, 27 Jan 2015 18:13:09 +0000 http://www.insurancejournal.com/?p=355563 A blizzard swept across the northeastern United States on Tuesday, dropping as much as 2 feet (60 cm) of snow across Massachusetts and Connecticut even as its impact on New York City fell short of dire predictions. The governors of …

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New Jersey Moving to Demolish Hundreds of Sandy-Damaged Homes http://www.insurancejournal.com/news/east/2015/01/27/355557.htm Tue, 27 Jan 2015 17:58:00 +0000 http://www.insurancejournal.com/?p=355557 New Jersey officials are moving to demolish hundreds of homes that were ravaged by Superstorm Sandy. State Community Affairs Department spokeswoman Tammori Petty tells the Daily Record that the agency is identifying the owners or lien holders of roughly 600 …

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N.Y. Region Revives With Travel Bans Lifted as Blizzard Fizzles http://www.insurancejournal.com/news/east/2015/01/27/355529.htm Tue, 27 Jan 2015 14:09:13 +0000 http://www.insurancejournal.com/?p=355529 The New York region lurched back to life after a storm advertised as a potentially life-threatening blizzard ended up as a mundane winter snowfall. Travel bans for automobiles in New York and New Jersey were lifted and New York City’s …

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Joan Rivers’ Estate Sues N.Y. Surgical Center Over Alleged Negligence http://www.insurancejournal.com/news/east/2015/01/26/355463.htm Tue, 27 Jan 2015 01:57:43 +0000 http://www.insurancejournal.com/?p=355463 Joan Rivers’ estate sued the New York City surgical center where complications during a medical procedure led to the comedian’s death, saying it provided reckless and negligent treatment, violated her privacy and abandoned her when she needed emergency care. Rivers’ …

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Cross Insurance Hires Cellucci as Southern New England Region President http://www.insurancejournal.com/news/east/2015/01/26/355416.htm Tue, 27 Jan 2015 00:56:43 +0000 http://www.insurancejournal.com/?p=355416 Cross Insurance, an independent insurance agency headquartered in Bangor, Maine, hired Paul J. Cellucci as president of the agency’s Southern New England Region. Cellucci will be responsible for expanding the Cross brand through managing a group of selected agencies spread …

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Lockton Promotes Manozzi to Executive VP in Boston http://www.insurancejournal.com/news/east/2015/01/26/355417.htm Mon, 26 Jan 2015 22:35:12 +0000 http://www.insurancejournal.com/?p=355417 Insurance broker Lockton has promoted Chip Manozzi to executive vice president and leader of its Boston office. Manozzi also will join the executive committee of Lockton’s Northeast operations. Lockton said Manozzi will lead both business development and recruiting efforts for …

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SAN Group Hires 2 Agency Development Field Specialists in N.H. http://www.insurancejournal.com/news/east/2015/01/26/355380.htm Mon, 26 Jan 2015 19:11:11 +0000 http://www.insurancejournal.com/?p=355380 Satellite Agency Network (SAN) Group Inc., an alliance of independent property/casualty insurance agencies in the Northeast, recently hired Lynn Marcou and David Collins as agency development field specialists for its member agency support team. Both are based in SAN’s Hampton, …

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Brownyard Group Promotes 2 in Beauty & Pest Control Programs in N.Y. http://www.insurancejournal.com/news/east/2015/01/26/355379.htm Mon, 26 Jan 2015 18:25:25 +0000 http://www.insurancejournal.com/?p=355379 Brownyard Group, a Bay Shore, New York-based program administrator providing specialized insurance coverage for select industry groups, announced two promotions in its beauty and pest control programs. Kathy Lopez was promoted to account manager for the Salon & Spa Specialty …

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Penn. Family Faces Charges in Alleged $20M Insurance Fraud Scheme http://www.insurancejournal.com/news/east/2015/01/26/355295.htm Mon, 26 Jan 2015 17:54:16 +0000 http://www.insurancejournal.com/?p=355295 A Pennsylvania family’s luxurious suburban lifestyle has been financed by more than $20 million in fraudulent insurance claims amid a series of mansion fires and repeated reports of jewelry theft, authorities said on Jan. 22. An investigation began after a …

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Conn. Lawmaker Seeks to Ban Homeowner Insurance Link to Dogs http://www.insurancejournal.com/news/east/2015/01/26/355394.htm Mon, 26 Jan 2015 17:48:27 +0000 http://www.insurancejournal.com/?p=355394 A Connecticut state lawmaker is introducing legislation that would bar insurance companies from inquiring about or discriminating against a “bully breed” dog when issuing a homeowners’ insurance policy in Connecticut. Republican Rep. Brenda Kupchick of Fairfield said constituents have difficulty …

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Workers’ Comp Upheld for Maine Man Who Died on Treadmill http://www.insurancejournal.com/news/east/2015/01/26/355381.htm Mon, 26 Jan 2015 17:35:30 +0000 http://www.insurancejournal.com/?p=355381 Maine’s highest court on Jan. 22 upheld workers’ compensation benefits for the widow of a Salvation Army portfolio manager who died from a heart attack on a treadmill while monitoring the financial markets on TV and internal email on his …

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New York, Northeast May Get 3 Feet of Snow in Historic Storm http://www.insurancejournal.com/news/east/2015/01/26/355337.htm Mon, 26 Jan 2015 14:14:06 +0000 http://www.insurancejournal.com/?p=355337 A blizzard forecasters call “life-threatening” that may drop three feet of snow from New York to Boston has caused more than 1,800 flight cancellations and will likely block road and rail traffic, close schools and knock out power across the …

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Sandy Flood Insurance Issues Said to Be Focus of Criminal Probe http://www.insurancejournal.com/news/east/2015/01/25/355288.htm Mon, 26 Jan 2015 04:23:20 +0000 http://www.insurancejournal.com/?p=355288 New York’s attorney general has opened a criminal probe into accusations by Hurricane Sandy victims that insurance companies rejected claims for flood damage to their properties based on falsified engineering reports, a person familiar with the matter said. New York …

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XL’s McGavick Receives St. John’s 2014 Insurance Leader of the Year Award http://www.insurancejournal.com/news/east/2015/01/23/355092.htm Fri, 23 Jan 2015 17:20:34 +0000 http://www.insurancejournal.com/?p=355092 St. John’s University’s School of Risk Management (SRM) in New York hosted its 20th Annual Insurance Leader of the Year Award Dinner on Jan. 21 in honor of Mike McGavick, chief executive officer of XL Group plc. The event, held …

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Wal-Mart Settles With Family of Comedian Who Died in N.J. Turnpike Crash http://www.insurancejournal.com/news/east/2015/01/23/355062.htm Fri, 23 Jan 2015 16:25:11 +0000 http://www.insurancejournal.com/?p=355062 Wal-Mart Stores Inc. reached a confidential legal settlement with the family of comedian James McNair, who died in a June 7 accident on the New Jersey Turnpike that also seriously injured actor-comedian Tracy Morgan. The settlement followed months of “often …

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N.Y. Assembly Speaker Silver Accused of Running 15-Year Graft Scheme http://www.insurancejournal.com/news/east/2015/01/23/355063.htm Fri, 23 Jan 2015 16:20:02 +0000 http://www.insurancejournal.com/?p=355063 New York Assembly Speaker Sheldon Silver reaped millions of dollars in kickbacks in a 15-year conspiracy that involved medical referrals, real estate developers and law firms, the U.S. said. Silver, 70, used his position to refer asbestos cases from a …

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Maine Expresses Opposition to OSHA’s SHARP Program Changes http://www.insurancejournal.com/news/east/2015/01/23/354996.htm Fri, 23 Jan 2015 12:55:27 +0000 http://www.insurancejournal.com/?p=354996 Maine’s Commissioner of Labor Jeanne Paquette said in a statement Wednesday that the state’s Department of Labor is opposed to the Occupational Safety and Health Administration’s (OSHA) changes to the Safety and Health Achievement Recognition Program award (SHARP). The SHARP …

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Vermont Captive Insurance Gross Written Premium Nears $30B http://www.insurancejournal.com/news/east/2015/01/22/354983.htm Thu, 22 Jan 2015 19:15:13 +0000 http://www.insurancejournal.com/?p=354983 Vermont licensed 16 new captives in 2014 and the state’s captive insurance gross written premium is nearing $30 billion, according to data released today by the Vermont Captive Insurance Division. The new captives were made up of 10 pure captives, …

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Report: High, Wide Dunes Worked During Superstorm Sandy http://www.insurancejournal.com/news/east/2015/01/22/354914.htm Thu, 22 Jan 2015 18:40:29 +0000 http://www.insurancejournal.com/?p=354914 A study by a leading coastal science center lends new support to New Jersey’s efforts to build protective sand dunes along its 127-mile coast. The Coastal Research Center at the Richard Stockton College of New Jersey studied the state’s beaches …

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Glatfelter Insurance Group Announces 2 Promotions in Pennsylvania http://www.insurancejournal.com/news/east/2015/01/22/354921.htm Thu, 22 Jan 2015 18:35:43 +0000 http://www.insurancejournal.com/?p=354921 Glatfelter Insurance Group (GIG) in York, Pennsylvania, promoted John Solari to president of Glatfelter Underwriting Services and chief underwriting officer for Glatfelter Programs, and Jim Partridge to president of Insurance Company Operations. Both promotions were effective Jan. 1. Solari and …

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Former Professional Wrestlers Sue WWE Over Concussions http://www.insurancejournal.com/news/east/2015/01/22/354919.htm Thu, 22 Jan 2015 18:17:50 +0000 http://www.insurancejournal.com/?p=354919 Two former professional wrestlers accuse the WWE of “selling violence” while ignoring concussions that they say left them with serious brain injuries. The men, including one who performed under the name Skull Von Krush, have filed a potential class-action lawsuit …

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Maine Bureau of Insurance Recovered $3.4M for Consumers in 2014 http://www.insurancejournal.com/news/east/2015/01/21/354756.htm Wed, 21 Jan 2015 20:46:11 +0000 http://www.insurancejournal.com/?p=354756 Maine Insurance Superintendent Eric Cioppa said the state Bureau of Insurance recovered nearly $3.4 million on behalf of Maine consumers and businesses in 2014. More than $2.4 million was recovered for consumers by the Bureau’s Consumer Health Care Division, and …

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IFG Companies Promotes Lewis to Executive VP in Connecticut http://www.insurancejournal.com/news/east/2015/01/21/354757.htm Wed, 21 Jan 2015 20:25:03 +0000 http://www.insurancejournal.com/?p=354757 IFG Companies has promoted Christopher M. Lewis to executive vice president. He is based in IFG’s Hartford, Connecticut, office. Over the past year, Lewis has served as IFG’s chief risk officer, where he has been responsible for developing and overseeing …

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