Insurance Journal » East News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 22 May 2015 19:51:30 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 IIABNJ Launches U.S. Veterans Pre-Licensing Program http://www.insurancejournal.com/news/east/2015/05/22/369189.htm Fri, 22 May 2015 19:44:08 +0000 http://www.insurancejournal.com/?p=369189 The Independent Insurance Agents and Brokers of New Jersey (IIABNJ) is launching a new program aimed at supporting the men and women of the armed forces and assisting them in finding post-military careers in the insurance industry. IIABNJ’s new program, …

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Penn. Offers Insurance Tips for Consumers Preparing for Summer Vacations http://www.insurancejournal.com/news/east/2015/05/22/369180.htm Fri, 22 May 2015 18:02:07 +0000 http://www.insurancejournal.com/?p=369180 As the weather warms and countdowns until summer vacations begin, the Pennsylvania Insurance Department is reminding consumers to make sure they are fully informed on their insurance coverage when preparing to leave for vacation. “Before leaving for a trip, no …

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Maine’s Highest Court Upholds Workers’ Comp Fraud Conviction http://www.insurancejournal.com/news/east/2015/05/22/369016.htm Fri, 22 May 2015 16:47:35 +0000 http://www.insurancejournal.com/?p=369016 Maine’s highest court is upholding the conviction of a northern Maine man convicted of collecting more than $50,000 in workers’ compensation benefits while operating an engine repair business. An Aroostook County jury convicted 63-year-old Stephen Tucker Sr. of theft in …

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Jersey Shore Still Recovering as 3rd Post-Sandy Summer Nears http://www.insurancejournal.com/news/east/2015/05/22/369155.htm Fri, 22 May 2015 16:20:22 +0000 http://www.insurancejournal.com/?p=369155 In the months after Superstorm Sandy devastated the Jersey shore, New Jersey Gov. Chris Christie warned residents the damage would not be quickly undone. Things would only look moderately better in the first summer after the storm, he said, and …

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A.M. Best Assigns Ratings to Coverys Specialty in New Jersey http://www.insurancejournal.com/news/east/2015/05/22/369135.htm Fri, 22 May 2015 16:05:06 +0000 http://www.insurancejournal.com/?p=369135 A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a” to Coverys Specialty Insurance Company. The outlook assigned to both ratings is stable. Coverys Specialty Insurance Company is a New Jersey-domiciled excess …

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Report Suggests Decrease in Occupational Injuries, Illnesses in N.H. http://www.insurancejournal.com/news/east/2015/05/22/369138.htm Fri, 22 May 2015 16:01:25 +0000 http://www.insurancejournal.com/?p=369138 New Hampshire health officials have released a report suggesting there’s a decrease in occupational injury and illness rates in the state over the years. The report finds that from 2000 to 2012, there were 160 work-related fatalities in New Hampshire. …

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NFP Acquires Horenberg Insurance Services in Maryland http://www.insurancejournal.com/news/east/2015/05/21/369019.htm Thu, 21 May 2015 16:57:59 +0000 http://www.insurancejournal.com/?p=369019 NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced it has acquired Horenberg Insurance Services Inc., an independent agency in Burtonsville, Maryland. Terms of the transaction were not disclosed. NFP said the …

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Unions Urge Amtrak to Put 2nd Crew Member in Locomotives http://www.insurancejournal.com/news/east/2015/05/21/369027.htm Thu, 21 May 2015 16:53:58 +0000 http://www.insurancejournal.com/?p=369027 The union for Amtrak’s locomotive engineers urged the railroad on Tuesday to put a second crew member at the controls of trains on the busy Northeast Corridor, where a derailment killed eight people and injured more than 200 others. “The …

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Health Insurer CareFirst Says Cyberattack Stole Data of 1.1M Users http://www.insurancejournal.com/news/east/2015/05/21/368963.htm Thu, 21 May 2015 12:31:43 +0000 http://www.insurancejournal.com/?p=368963 CareFirst BlueCross BlueShield, which sells health insurance in Maryland, Virginia and the District of Columbia, said on Wednesday that a cyberattack compromised the data of 1.1 million current and former members. CareFirst, which has a total of 3.4 million customers, …

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Massachusetts Senate Removes Insurance Surcharge From Headlights Law http://www.insurancejournal.com/news/east/2015/05/20/368905.htm Wed, 20 May 2015 22:25:09 +0000 http://www.insurancejournal.com/?p=368905 The Massachusetts Senate has voted to join the House in softening the impact of the new state law that requires motorists to turn their headlights on whenever they are operating their windshield wipers. Under a state budget amendment unanimously approved …

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Lawsky to Step Down as New York’s Top Financial Regulator Next Month http://www.insurancejournal.com/news/east/2015/05/20/368883.htm Wed, 20 May 2015 18:28:04 +0000 http://www.insurancejournal.com/?p=368883 Benjamin Lawsky will step down next month as New York’s top bank regulator after four years, during which he threatened to take away the U.S. charters of some of the world’s biggest banks and collected billions of dollars in penalties …

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Allstate Seeks to Recruit Over 100 New Exclusive Agency Owners in Northeast http://www.insurancejournal.com/news/east/2015/05/20/368855.htm Wed, 20 May 2015 16:59:20 +0000 http://www.insurancejournal.com/?p=368855 Allstate Corp. announced its plan to grow its exclusive agency count and hire more licensed sales staff and financial professionals in the Northeast region. Allstate said Monday that it seeks to appoint 63 new Allstate-exclusive agency owners, approximately 172 licensed …

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N.Y. Says 11 Lenders Will Monitor, Maintain Vacant Properties http://www.insurancejournal.com/news/east/2015/05/20/368863.htm Wed, 20 May 2015 16:51:57 +0000 http://www.insurancejournal.com/?p=368863 New York regulators said Monday that 11 lenders have agreed to monitor and maintain vacant properties in an effort to protect them and combat neighborhood blight. The banks, mortgage companies and credit unions represent nearly 70 percent of the New …

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N.J. Assembly Approves Multilingual Producer Licensing Examination Bill http://www.insurancejournal.com/news/east/2015/05/20/368825.htm Wed, 20 May 2015 15:55:48 +0000 http://www.insurancejournal.com/?p=368825 The New Jersey Assembly passed A-4144 (An Act concerning insurance producer licensing and amending P.L.2001, c.210.) on May 14. The bill would amend the “New Jersey Insurance Producer Licensing Act of 2001″ to require the commissioner of New Jersey Department …

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FEMA Sends Out 1st Round of Letters Offering to Review Sandy Flood Claims http://www.insurancejournal.com/news/east/2015/05/19/368665.htm Tue, 19 May 2015 22:38:20 +0000 http://www.insurancejournal.com/?p=368665 The Federal Emergency Management Agency on Monday mailed out its first round of letters to the National Flood Insurance Program policyholders who filed Superstorm Sandy-related claims, asking whether they want their claims reviewed. FEMA is mailing its letters beginning Monday …

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Cross Insurance Acquires Schonning Insurance in Rhode Island http://www.insurancejournal.com/news/east/2015/05/19/368661.htm Tue, 19 May 2015 14:40:38 +0000 http://www.insurancejournal.com/?p=368661 Cross Insurance, an independent insurance agency based in Bangor, Maine, announced it has acquired Schonning Insurance, an independent agency in Westerly, Rhode Island. Terms of the transaction were not disclosed. Schonning Insurance represents more than a dozen insurance companies for …

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NFP Acquires Hackett Valine & MacDonald in Vermont http://www.insurancejournal.com/news/east/2015/05/19/368657.htm Tue, 19 May 2015 14:31:48 +0000 http://www.insurancejournal.com/?p=368657 NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced its acquisition of Hackett Valine & MacDonald Inc. (HVM)., an independent insurance agency in South Burlington, Vermont. Terms of the transaction were not …

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Amtrak Sued by Train Crash Victims Over Deadly Derailment http://www.insurancejournal.com/news/east/2015/05/19/368642.htm Tue, 19 May 2015 12:52:55 +0000 http://www.insurancejournal.com/?p=368642 Six passengers on an Amtrak train that derailed May 12 in Philadelphia, killing eight and injuring more than 200, sued the railroad claiming the accident could have been avoided. The first of the lawsuits listed injuries suffered by four victims …

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Massachusetts DOI Issues Bulletin on Certificates of Insurance Law http://www.insurancejournal.com/news/east/2015/05/18/368559.htm Tue, 19 May 2015 03:56:13 +0000 http://www.insurancejournal.com/?p=368559 The Massachusetts Division of Insurance (DOI) issued a bulletin to provide guidance on the implementation of Massachusetts General Laws Chapter 175L, concerning the issuance of certificates of insurance. Chapter 175L was signed into law on Jan. 7, 2015, by then-Gov. …

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Connecticut High Court Upholds Coverage Denial in IBM Data Loss Case http://www.insurancejournal.com/news/east/2015/05/18/368593.htm Tue, 19 May 2015 03:48:23 +0000 http://www.insurancejournal.com/?p=368593 The Connecticut Supreme Court on Monday upheld a lower court’s ruling that Federal Insurance Company and Scottsdale Insurance Company are not required to defend or indemnify the insureds for the loss of computer tapes that exposed personal information of some …

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Beacon Hill Hires Holcombe as Senior Account Executive in Pennsylvania http://www.insurancejournal.com/news/east/2015/05/18/368547.htm Mon, 18 May 2015 16:05:18 +0000 http://www.insurancejournal.com/?p=368547 Beacon Hill Associates Inc., a wholesale insurance broker and program administrator in Charlottesville, Virginia, hired Stephen A. Holcombe as senior account executive to to support the firm’s Northeast territory. He is based in Collegeville, Pennsylvania. In his new role, Holcombe …

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Federal Railroad Administration Orders Safety Improvements for Amtrak http://www.insurancejournal.com/news/east/2015/05/18/368502.htm Mon, 18 May 2015 12:37:08 +0000 http://www.insurancejournal.com/?p=368502 Federal regulators ordered Amtrak, the U.S. passenger rail service, to immediately improve safety on its Northeast Corridor route from Washington to Boston. Amtrak must expand the use of technology to control train speeds, the Federal Railroad Administration said in a …

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Amtrak Will Resume Northeast Runs Monday as FBI Examines Engine http://www.insurancejournal.com/news/east/2015/05/18/368501.htm Mon, 18 May 2015 12:36:51 +0000 http://www.insurancejournal.com/?p=368501 Amtrak will resume passenger service in the Northeast corridor on Monday, a day earlier than planned, after replacing track near Philadelphia damaged in a fatal derailment last week. The first trains will leave New York’s Penn Station at 5:30 a.m. …

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Conn. Bill Requires Home Improvement Contractors to Have Insurance http://www.insurancejournal.com/news/east/2015/05/15/368413.htm Fri, 15 May 2015 20:09:40 +0000 http://www.insurancejournal.com/?p=368413 Certain home improvement contractors in Connecticut could soon be obligated to hold liability insurance. The Connecticut House of Representatives on Thursday voted 140-2 in favor of legislation that would require state-registered contactors with a gross annual income of $30,000 or …

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New Jersey’s Sandy Victims Protest Pace of Rebuilding Aid Programs http://www.insurancejournal.com/news/east/2015/05/15/368356.htm Fri, 15 May 2015 16:09:05 +0000 http://www.insurancejournal.com/?p=368356 Wendy Joan sported strips of red tape on her jeans and jacket to symbolize the delays she has encountered with New Jersey state agencies and joined other Superstorm Sandy victims Thursday in Trenton, New Jersey, rallying to voice their frustration …

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Henderson Brothers Announces 3 New Hires in Pittsburgh http://www.insurancejournal.com/news/east/2015/05/15/368348.htm Fri, 15 May 2015 15:53:07 +0000 http://www.insurancejournal.com/?p=368348 Henderson Brothers Inc., an independent insurance agency based in Pittsburgh, Pennsylvania, announced the following three new hires. Michael Freas joined Henderson Brothers as financial analyst in the Benefits Department. Freas will analyze claim activity, provide regular reporting, and project healthcare …

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Amtrak Employee Injured in Philadelphia Crash Files Suit Seeking $150K http://www.insurancejournal.com/news/east/2015/05/15/368336.htm Fri, 15 May 2015 15:12:33 +0000 http://www.insurancejournal.com/?p=368336 An Amtrak employee who was on the train that derailed Tuesday in Philadelphia accused the railroad company of negligence and seeks more than $150,000 in damages. Bruce Phillips suffered a traumatic brain injury and multiple contusions and lacerations in the …

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Abbate Insurance Promotes Iannotti-Montz to Personal Lines VP in Connecticut http://www.insurancejournal.com/news/east/2015/05/15/368264.htm Fri, 15 May 2015 13:33:29 +0000 http://www.insurancejournal.com/?p=368264 Abbate Insurance Associates, an independent insurance agency in New Haven, Connecticut, promoted Lisa Iannotti-Montz to personal lines vice president from personal lines manager. In her new role, she will serve as head of the personal lines insurance department and engage …

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Confie Seguros Acquires 3 Brokerages in Buffalo, New York http://www.insurancejournal.com/news/east/2015/05/15/368312.htm Fri, 15 May 2015 13:32:06 +0000 http://www.insurancejournal.com/?p=368312 Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, California, announced that it has acquired three new insurance brokerages in Buffalo, New York. Confie acquired three agencies in Buffalo, all providing auto insurance — Able Insurance …

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Amtrak Train Crash Victims Face $200M Injuries Cap Under Federal Law http://www.insurancejournal.com/news/east/2015/05/15/368307.htm Fri, 15 May 2015 13:20:56 +0000 http://www.insurancejournal.com/?p=368307 There are many questions surrounding Tuesday’s Amtrak crash. The amount of money victims could receive for injuries isn’t one of them as federal law caps total rail-accident damages at $200 million. Congress established the limit in 1997 on all rail …

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