Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Thu, 28 Aug 2014 13:48:36 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Ex-NYC Police Officer Pleads Guilty in Disability Insurance 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 …

The article Ex-NYC Police Officer Pleads Guilty in Disability Insurance Fraud Scheme appeared first on Insurance Journal.

]]>
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 …

The article Mass. DOI: Insurers Received Over 1,300 Claims From Revere Tornado appeared first on Insurance Journal.

]]>
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. …

The article NYC Fire Department Gets Ship Firefighting Simulator appeared first on Insurance Journal.

]]>
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 …

The article Audit Planned of Troubled Vermont Health Connect appeared first on Insurance Journal.

]]>
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 …

The article Lockton Appoints Keith to Lead Philadelphia Operation appeared first on Insurance Journal.

]]>
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 …

The article MAPFRE Enters Life Insurance Market in Massachusetts appeared first on Insurance Journal.

]]>
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 …

The article Virginia Looks for Ways to Reduce Animal-Vehicle Accidents appeared first on Insurance Journal.

]]>
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 …

The article N.Y.’s Long Island Areas to Get $16M in Flood-Buffer Funding appeared first on Insurance Journal.

]]>
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 …

The article Conn. Regulators Recovered $1.8M for Policyholders, Taxpayers in Q2 appeared first on Insurance Journal.

]]>
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 …

The article Delaware Workers’ Compensation Oversight Panel Begins Work appeared first on Insurance Journal.

]]>
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 …

The article Connecticut Prosecutor: No Criminal Charges in Irene Aid Fraud appeared first on Insurance Journal.

]]>
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 …

The article Vermont Enticing Disaster Preparedness With Money appeared first on Insurance Journal.

]]>
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 …

The article R.I. Lowers Assessment Rate for Workers’ Comp Insurers to 6.65% appeared first on Insurance Journal.

]]>
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 …

The article Delay in Connecticut DMV Website Snags Immigrant Licenses appeared first on Insurance Journal.

]]>
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 …

The article Massachusetts State Auditor Reviews Workers’ Comp System appeared first on Insurance Journal.

]]>
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 — …

The article Data: Connecticut, Maine Have Slow Economic Growth appeared first on Insurance Journal.

]]>
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 …

The article New York to Receive $800M in Bank of America Settlement appeared first on Insurance Journal.

]]>
Report: Injury Claims Against NYC Correction Dept. Doubled in 5 Years http://www.insurancejournal.com/news/east/2014/08/21/338294.htm Fri, 22 Aug 2014 03:25:48 +0000 http://www.insurancejournal.com/?p=338294 A new analysis published by the New York City comptroller’s office shows there were 2,245 personal injury correctional facility claims filed against the city’s Department of Correction in fiscal year 2014 which ended in June. That figure represents a 37 …

The article Report: Injury Claims Against NYC Correction Dept. Doubled in 5 Years appeared first on Insurance Journal.

]]>
Mass. Grand Juries Indict 38 in Alleged Auto Insurance Fraud Scheme http://www.insurancejournal.com/news/east/2014/08/21/338365.htm Fri, 22 Aug 2014 03:14:04 +0000 http://www.insurancejournal.com/?p=338365 Massachusetts prosecutors say grand juries in Hampshire and Franklin counties have indicted 38 people allegedly involved in an automobile insurance fraud ring. The Northwestern District Attorney’s office said in a statement on Wednesday the scheme largely involved individuals from the …

The article Mass. Grand Juries Indict 38 in Alleged Auto Insurance Fraud Scheme appeared first on Insurance Journal.

]]>
N.Y. Man to Be Freed in Discredited Arson-Science Case http://www.insurancejournal.com/news/east/2014/08/21/338302.htm Thu, 21 Aug 2014 17:00:00 +0000 http://www.insurancejournal.com/?p=338302 A New York City man who has spent 24 years in prison for setting a fire that killed his daughter will be released from custody while prosecutors decide whether to retry him. U.S. District Judge William Nealon on Tuesday granted …

The article N.Y. Man to Be Freed in Discredited Arson-Science Case appeared first on Insurance Journal.

]]>
N.Y.’s Video Campaign Urges Motorists to Slow Down in Work Zones http://www.insurancejournal.com/news/east/2014/08/21/338292.htm Thu, 21 Aug 2014 16:27:55 +0000 http://www.insurancejournal.com/?p=338292 The family of a New York State Department of Transportation employee killed on the job five years ago is reminding motorists to drive safely in highway construction work zones. Garry Farrell’s wife and three children appear in a new video …

The article N.Y.’s Video Campaign Urges Motorists to Slow Down in Work Zones appeared first on Insurance Journal.

]]>
New Jersey Hotel to Pay $65K in Sandy Price Gouging Case http://www.insurancejournal.com/news/east/2014/08/21/338293.htm Thu, 21 Aug 2014 16:07:37 +0000 http://www.insurancejournal.com/?p=338293 A hotel in southern New Jersey has agreed to pay nearly $65,000 to settle allegations of price gouging in the wake of Superstorm Sandy. Amy Hotels did business as Econo Lodge in Egg Harbor Township. New Jersey state officials claimed …

The article New Jersey Hotel to Pay $65K in Sandy Price Gouging Case appeared first on Insurance Journal.

]]>
N.Y. Gov. Issues Consumer Alert on Potential Home Repair Scams http://www.insurancejournal.com/news/east/2014/08/20/338244.htm Wed, 20 Aug 2014 18:29:17 +0000 http://www.insurancejournal.com/?p=338244 New York Gov. Andrew M. Cuomo issued a consumer alert warning homeowners to protect themselves against home repair scams, which may arise in wake of the recent flooding that occurred on Long Island. “Unfortunately, unscrupulous home repair scam artists often …

The article N.Y. Gov. Issues Consumer Alert on Potential Home Repair Scams appeared first on Insurance Journal.

]]>
Ex-Penn. Justice Melvin’s Daughter Seeks to Settle Insurance Fraud Charge http://www.insurancejournal.com/news/east/2014/08/20/338157.htm Wed, 20 Aug 2014 16:59:18 +0000 http://www.insurancejournal.com/?p=338157 The daughter of convicted former Pennsylvania Supreme Court Justice Joan Orie Melvin is trying to enter a program designed for first-time offenders on an insurance fraud charge. Casey Melvin, 26, of Wexford, Pennsylvania, has been scheduled for a hearing Sept. …

The article Ex-Penn. Justice Melvin’s Daughter Seeks to Settle Insurance Fraud Charge appeared first on Insurance Journal.

]]>
A.P. Michaud Acquires Nancy Greenwood Agency in Massachusetts http://www.insurancejournal.com/news/east/2014/08/20/338215.htm Wed, 20 Aug 2014 16:26:51 +0000 http://www.insurancejournal.com/?p=338215 A.P. Michaud Insurance Agency Inc., an independent insurance agency in Methuen, Massachusetts, announced the acquisition of Nancy Greenwood Insurance Agency, also based in Methuen. Terms of the transaction were not disclosed. All current clients of Nancy Greenwood Insurance Agency will …

The article A.P. Michaud Acquires Nancy Greenwood Agency in Massachusetts appeared first on Insurance Journal.

]]>
Maine Woman Sues GM, Claims Burn From Heated Car Seat http://www.insurancejournal.com/news/east/2014/08/19/338074.htm Wed, 20 Aug 2014 03:51:06 +0000 http://www.insurancejournal.com/?p=338074 A Maine woman who says she suffered a third-degree burn from a heated seat in Chevrolet Suburban has sued General Motors. Emma Verrill says in her suit filed in U.S. District Court in Portland, Maine, that GM failed to adequately …

The article Maine Woman Sues GM, Claims Burn From Heated Car Seat appeared first on Insurance Journal.

]]>
NFP Acquires 2 Agencies in New England http://www.insurancejournal.com/news/east/2014/08/19/338141.htm Tue, 19 Aug 2014 20:37:39 +0000 http://www.insurancejournal.com/?p=338141 National Financial Partners Corp. (NFP) announced the acquisitions of two independent insurance agencies in New England: Poulos Insurance Inc. and Altus Specialty Group LLC. Terms were not disclosed. NFP said the acquisitions would help expand NFP’s property/casualty offerings. Poulos Insurance, …

The article NFP Acquires 2 Agencies in New England appeared first on Insurance Journal.

]]>
Virginia Task Force to Target Worker Misclassification, Payroll Fraud http://www.insurancejournal.com/news/east/2014/08/19/338073.htm Tue, 19 Aug 2014 16:59:14 +0000 http://www.insurancejournal.com/?p=338073 Virginia Gov. Terry McAuliffe recently signed an executive order establishing an inter-agency task force that will target worker misclassification and payroll fraud. “Every Virginian who works hard and follows the rules should get the pay and benefits that they deserve,” …

The article Virginia Task Force to Target Worker Misclassification, Payroll Fraud appeared first on Insurance Journal.

]]>
GEICO Lowers Commercial Auto Rates in Virginia http://www.insurancejournal.com/news/east/2014/08/19/338075.htm Tue, 19 Aug 2014 16:12:16 +0000 http://www.insurancejournal.com/?p=338075 GEICO is introducing lower rates in Virginia for commercial auto insurance customers, including contractors, retailers, caterers, professional services and other businesses. Small business owners in particular need commercial vehicle insurance packages to cover their cars, trucks and vans used on …

The article GEICO Lowers Commercial Auto Rates in Virginia appeared first on Insurance Journal.

]]>
400,000 Mass. Residents Must Reapply for Health Coverage http://www.insurancejournal.com/news/east/2014/08/18/337973.htm Tue, 19 Aug 2014 01:41:21 +0000 http://www.insurancejournal.com/?p=337973 Massachusetts is launching a major effort to reach out to almost 400,000 residents who must reapply for health insurance because they were enrolled in temporary plans after the state’s health care marketplace website crashed last year. State officials fear that …

The article 400,000 Mass. Residents Must Reapply for Health Coverage appeared first on Insurance Journal.

]]>