Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 31 Oct 2014 14:47:32 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Connecticut Family Sues Over School’s Ebola Fears http://www.insurancejournal.com/news/east/2014/10/30/345552.htm Fri, 31 Oct 2014 02:43:03 +0000 http://www.insurancejournal.com/?p=345552 The father of a Connecticut third-grader filed a federal lawsuit Tuesday saying his daughter has been unfairly barred from school amid fears she may have been exposed to the Ebola virus while in Africa. Ikeoluwa Opayemi and her family, who …

The article Connecticut Family Sues Over School’s Ebola Fears appeared first on Insurance Journal.

]]>
Boston Mayor: City Made Significant Strides in Preparing for Climate Change http://www.insurancejournal.com/news/east/2014/10/30/345543.htm Thu, 30 Oct 2014 21:51:43 +0000 http://www.insurancejournal.com/?p=345543 Boston has made significant strides in preparing for major natural disasters, rising sea levels and other impacts to the ever-changing climate, Mayor Martin Walsh said on the two-year anniversary of Superstorm Sandy. Speaking at the Architecture Boston Expo at the …

The article Boston Mayor: City Made Significant Strides in Preparing for Climate Change appeared first on Insurance Journal.

]]>
Integro Hires Stearns as Global Marine Practice Principal in New York http://www.insurancejournal.com/news/east/2014/10/30/345538.htm Thu, 30 Oct 2014 19:49:28 +0000 http://www.insurancejournal.com/?p=345538 Insurance brokerage and risk management firm Integro hired Robert Stearns as a principal for the firm’s Global Marine practice in New York. He is responsible for the design, structure, placement and servicing of marine liability and marine hull insurance programs. …

The article Integro Hires Stearns as Global Marine Practice Principal in New York appeared first on Insurance Journal.

]]>
Selective Insurance’s Q3 Profit Rises 63% to $53M http://www.insurancejournal.com/news/east/2014/10/30/345532.htm Thu, 30 Oct 2014 19:46:37 +0000 http://www.insurancejournal.com/?p=345532 Selective Insurance Group reported $53.2 million net income for its 2014 third quarter, a 62.7 percent increase from $32.7 million net income during the third quarter of 2013. The Branchville, New Jersey-based insurer’s operating income for the third quarter was …

The article Selective Insurance’s Q3 Profit Rises 63% to $53M appeared first on Insurance Journal.

]]>
D.C. Council Passes Bill Regulating Rideshare Firms http://www.insurancejournal.com/news/east/2014/10/30/345527.htm Thu, 30 Oct 2014 17:29:01 +0000 http://www.insurancejournal.com/?p=345527 The D.C. Council has approved a bill that regulates popular ridesharing companies such as Uber and Lyft. The bill gained initial approval on Tuesday by a 12-1 vote. Among other things, it would require that drivers for smartphone-based vehicle-for-hire services …

The article D.C. Council Passes Bill Regulating Rideshare Firms appeared first on Insurance Journal.

]]>
Hanover Insurance’s Q3 Net Income Falls 10% to $55M http://www.insurancejournal.com/news/east/2014/10/30/345488.htm Thu, 30 Oct 2014 16:59:59 +0000 http://www.insurancejournal.com/?p=345488 The Hanover Insurance Group Inc. reported $54.9 million net income for its 2014 third quarter, a 10.4 percent decline compared with $61.3 million net income during the third quarter of 2013. The Worcester, Massachusetts-based insurer’s earnings were dampened by what …

The article Hanover Insurance’s Q3 Net Income Falls 10% to $55M appeared first on Insurance Journal.

]]>
2 Years After Sandy: Sea Bright, N.J., Prepares for Next Big Storm http://www.insurancejournal.com/news/east/2014/10/30/345478.htm Thu, 30 Oct 2014 16:34:15 +0000 http://www.insurancejournal.com/?p=345478 Sea Bright, New Jersey, is a great example of how difficult it is to truly prepare a Jersey shore community for the next big storm. The low-lying community on a narrow strip of sand between the ocean and the Shrewsbury …

The article 2 Years After Sandy: Sea Bright, N.J., Prepares for Next Big Storm appeared first on Insurance Journal.

]]>
Politics of Ebola Response Tricky for Christie, Cuomo http://www.insurancejournal.com/news/east/2014/10/30/345459.htm Thu, 30 Oct 2014 16:00:31 +0000 http://www.insurancejournal.com/?p=345459 Two ambitious governors — one Republican, one Democrat — known for their no-nonsense, take-charge style in a calamity have set off a furor with their aggressive handling of the Ebola crisis, and how it plays out could shape their political …

The article Politics of Ebola Response Tricky for Christie, Cuomo appeared first on Insurance Journal.

]]>
NTSB: Southwest Pilot Took Controls From Co-Pilot Before NYC Crash http://www.insurancejournal.com/news/east/2014/10/30/345442.htm Thu, 30 Oct 2014 15:45:11 +0000 http://www.insurancejournal.com/?p=345442 The co-pilot of a Southwest Airlines Co. plane that crash landed at New York’s LaGuardia Airport in July 2013 said the captain put her hand on his as he was controlling the throttles and reduced the plane’s power. Only after …

The article NTSB: Southwest Pilot Took Controls From Co-Pilot Before NYC Crash appeared first on Insurance Journal.

]]>
Feds: Engineer’s Sleepiness Caused Bronx Commuter Train Derailment http://www.insurancejournal.com/news/east/2014/10/29/345307.htm Wed, 29 Oct 2014 17:00:22 +0000 http://www.insurancejournal.com/?p=345307 A sleep-deprived engineer nodded off at the controls of a commuter train just before taking a 30 mph curve at 82 mph, causing a derailment in the Bronx in New York City last year that killed four people and injured …

The article Feds: Engineer’s Sleepiness Caused Bronx Commuter Train Derailment appeared first on Insurance Journal.

]]>
NYC Flood Zone Properties’ Value Rose to $129B Under New FEMA Maps http://www.insurancejournal.com/news/east/2014/10/29/345297.htm Wed, 29 Oct 2014 16:55:59 +0000 http://www.insurancejournal.com/?p=345297 The assessed value of properties in New York City that lie within Federal Emergency Management Agency’s (FEMA) newly proposed 100-year floodplain maps is $129 billion, more than double the value under previous floodplain maps, according to a new analysis. The …

The article NYC Flood Zone Properties’ Value Rose to $129B Under New FEMA Maps appeared first on Insurance Journal.

]]>
Human Factor, Culture Often Overlooked in Climate Debate, Expert Says http://www.insurancejournal.com/news/east/2014/10/29/345131.htm Wed, 29 Oct 2014 16:28:41 +0000 http://www.insurancejournal.com/?p=345131 When Hurricane Sandy came, Deborah Star Reed stayed home. Irene, the year before, had been over- hyped. Her 1919 concrete house in New York was left unscathed by Donna in 1960 and the “Big One” of 1938. So, on Oct. …

The article Human Factor, Culture Often Overlooked in Climate Debate, Expert Says appeared first on Insurance Journal.

]]>
N.Y., N.J. Governors Stress Home Quarantine for Ebola Workers http://www.insurancejournal.com/news/east/2014/10/28/344980.htm Tue, 28 Oct 2014 15:42:53 +0000 http://www.insurancejournal.com/?p=344980 State leaders in New York and New Jersey are at odds with scientists over Ebola as the states’ governors back 21-day quarantines for medical workers returning from West Africa, while the nation’s top infectious-disease expert warns that such restrictions are …

The article N.Y., N.J. Governors Stress Home Quarantine for Ebola Workers appeared first on Insurance Journal.

]]>
Disbarred N.Y. Lawyer Sentenced for Stealing Client Funds http://www.insurancejournal.com/news/east/2014/10/28/344995.htm Tue, 28 Oct 2014 15:11:35 +0000 http://www.insurancejournal.com/?p=344995 A New Jersey judge has decided that a disbarred New York City lawyer will not have to serve a prison term for stealing funds from a client. Instead, 48-year-old Jeffrey Squitieri must serve five years of probation and pay $88,000 …

The article Disbarred N.Y. Lawyer Sentenced for Stealing Client Funds appeared first on Insurance Journal.

]]>
After Sandy: Poll Finds ‘Social Resilience’ Key to Coping With Disasters http://www.insurancejournal.com/news/east/2014/10/28/344979.htm Tue, 28 Oct 2014 14:58:57 +0000 http://www.insurancejournal.com/?p=344979 Neighbor helping neighbor. Trust in a community. Looking out for each other. An Associated Press-NORC Center for Public Affairs Research survey suggests that those factors — collectively termed “social resilience” — have a big impact on how prepared communities feel …

The article After Sandy: Poll Finds ‘Social Resilience’ Key to Coping With Disasters appeared first on Insurance Journal.

]]>
The Hartford Offers Lump-Sum Pension Buyouts to 13,500 Former Workers http://www.insurancejournal.com/news/east/2014/10/28/344957.htm Tue, 28 Oct 2014 14:37:14 +0000 http://www.insurancejournal.com/?p=344957 Hartford Financial Services Group Inc. is working to reduce its retirement obligations by paying former employees to give up their pensions. Last month, the insurer offered voluntary lump-sum payments to about 13,500 workers who had left the company and hadn’t …

The article The Hartford Offers Lump-Sum Pension Buyouts to 13,500 Former Workers appeared first on Insurance Journal.

]]>
2 Years After Superstorm Sandy: Are We Ready for Next Big Storm? http://www.insurancejournal.com/news/east/2014/10/27/344859.htm Mon, 27 Oct 2014 16:58:11 +0000 http://www.insurancejournal.com/?p=344859 After Superstorm Sandy, officials in New York and New Jersey vowed to make sure the unprecedented destruction wouldn’t happen again. Two years later, would it? There are some concrete signs of tougher protections, from a nearly-finished sea wall protecting two …

The article 2 Years After Superstorm Sandy: Are We Ready for Next Big Storm? appeared first on Insurance Journal.

]]>
Ebola: NYC Had Jump-Start, Dallas Had to Learn Fast http://www.insurancejournal.com/news/east/2014/10/27/344874.htm Mon, 27 Oct 2014 16:55:41 +0000 http://www.insurancejournal.com/?p=344874 The contrast in handling two Ebola diagnoses in New York and Dallas highlights how differently U.S. cities and hospitals prepare for health emergencies. “The lesson I would take from New York is you have to practice,” Dr. Amesh Adalja, a …

The article Ebola: NYC Had Jump-Start, Dallas Had to Learn Fast appeared first on Insurance Journal.

]]>
Report on Infrastructure Upgrades Since Superstorm Sandy http://www.insurancejournal.com/news/east/2014/10/27/344890.htm Mon, 27 Oct 2014 16:23:23 +0000 http://www.insurancejournal.com/?p=344890 Two years after Superstorm Sandy, would New York and New Jersey be better protected and prepared if such a storm struck again? A sampling of work on some key issues: • Flood Protection New York City: Many projects on the …

The article Report on Infrastructure Upgrades Since Superstorm Sandy appeared first on Insurance Journal.

]]>
Amica CEO DiMuccio Receives NAACP Award in Rhode Island http://www.insurancejournal.com/news/east/2014/10/27/344862.htm Mon, 27 Oct 2014 16:12:46 +0000 http://www.insurancejournal.com/?p=344862 Amica Mutual Insurance Co. in Lincoln, Rhode Island, announced that Robert A. DiMuccio, chairman, president and chief executive officer of Amica Mutual, was honored with the Dr. Martin Luther King, Jr. Award at the NAACP Providence Branch Freedom Fund Dinner, …

The article Amica CEO DiMuccio Receives NAACP Award in Rhode Island appeared first on Insurance Journal.

]]>
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 …

The article Judge Dismisses Mass. AG Coakley’s Federal Housing Lawsuit appeared first on Insurance Journal.

]]>
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 …

The article GAO Report Finds SBA Didn’t Meet Timeliness Goal for Sandy Loans appeared first on Insurance Journal.

]]>
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 …

The article Donegal Group’s Q3 Net Income Rises 14% to $8.7M appeared first on Insurance Journal.

]]>
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 …

The article CDC ‘Go’ Team Sprints to New York as City Faces First Ebola Case appeared first on Insurance Journal.

]]>
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 …

The article Employers Hires Hanover’s Collins as East Regional Sales VP appeared first on Insurance Journal.

]]>
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 …

The article NYC Mayor: Sandy Home-Repair Program Working Better After Overhaul appeared first on Insurance Journal.

]]>
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 …

The article Horse and Buggy Crashes Decline but Still Deadly in Lancaster County, Penn. appeared first on Insurance Journal.

]]>
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). …

The article Delaware Commissioner Urges Treasury to Reconsider MetLife’s SIFI Designation appeared first on Insurance Journal.

]]>
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 …

The article UPenn’s Interdisciplinary Research Seeks to Track Ambler’s Asbestos Legacy appeared first on Insurance Journal.

]]>
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 …

The article Mass. DOI Issues Bulletin on Policy Term Disclosure Requirements appeared first on Insurance Journal.

]]>