East News

Boston Insurance Brokerage Hires Gabriel to Healthcare Professional Team

Boston Insurance Brokerage LLC (BIB) has hired Alex Gabriel to its Healthcare Professional Team. He will be working to grow business out of Northern Virginia. Gabriel brings with him more than 15 years of experience spanning brokerage and managing general …

Holding a Phone While Driving Will Soon Be Illegal in Virginia

It will soon be illegal in Virginia to hold a phone while driving. WAVY-TV reported that the new state law takes effect in January. Authorities say that making the practice illegal and enforceable is an important step toward reducing deaths …

Vermont’s Union Mutual Insurance Company Promotes Pryce to VP of Claims

The board of directors for Union Mutual Insurance Company voted at their December meeting to promote Jeff Pryce to the role of vice president of claims. The promotion is effective January 1, 2021. Pryce is based in the company’s Montpelier, …

AM Best Upgrades Credit Ratings of Members of Concord Group Insurance Companies

AM Best has upgraded the financial strength rating (FSR) to A+ (superior) from A (excellent) and the long-term issuer credit ratings (long-term ICR) to “aa-” from “a+” for the members of Concord Group Insurance Companies, which is led by Concord …

New York Auto Insurance Fraud Ring Busted Following Two-Year Investigation

An enterprise insurance fraud scheme operating in lower Westchester and the Bronx has been taken down following a nearly two-year long investigation. Westchester County District Attorney Anthony A. Scarpino Jr. announced the takedown of Operation Sledgehammer, in which five registered …

DOXA Establishes Strategic Partnership with Massachusetts’ Century Equity Partners

DOXA Insurance Holdings, an acquirer of specialty niche-focused insurance distribution companies, has established a strategic relationship with Century Equity Partners, a Boston-based private equity firm, in order to support DOXA’s plans for continued growth. The investment sets the stage for …

MAPFRE Insurance Hires Jensen as Northeast Senior VP of Business Development

MAPFRE Insurance has hired Keith Jensen as senior vice president of Business Development for the company’s Northeast Region. Jensen, who has more than 30 years of experience in the property and casualty insurance industry, will lead business development strategies for …

Fire Guts Historic Church Home to New York’s Liberty Bell

A historic church in lower Manhattan that houses New York’s Liberty Bell and whose congregation dates to the city’s earliest days was gutted by a massive fire that sent flames shooting through the roof. The Middle Collegiate Church in the …

McGriff Expands Real Estate & Hospitality Practice, Launches Northeast Regional Team

McGriff is expanding its Real Estate & Hospitality Practice with the launch of a Manhattan-based Northeast regional team that includes four hires with industry experience. The new team will grow McGriff’s presence in this market while bringing experience and specialty …

Arthur J. Gallagher & Co. Acquires New York’s Cool Insuring Agency

Arthur J. Gallagher & Co. has acquired Queensbury, N.Y.-based Cool Insuring Agency Inc. Terms of the transaction were not disclosed. Founded in 1857, Cool Insuring Agency provides commercial, personal, life and health insurance and consulting services to clients across the …

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