East News

Altman Leaving Pennsylvania Insurance Post to Lead California Health Plan

Pennsylvania Governor Tom Wolf announced that Insurance Commissioner Jessica Altman will resign her position Feb. 25. Altman has accepted a position as chief executive officer of Covered California, that state’s health insurance marketplace. Mike Humphreys, the Pennsylvania insurance department’s chief …

Accounting Firm Cuts Ties With Trump, Says Financial Statements Are Unreliable

The accounting firm that prepared former President Donald Trump’s annual financial statements says the documents, used to secure lucrative loans and burnish Trump’s image as a wealthy businessman, “should no longer be relied upon” after New York’s attorney general said …

Massachusetts City’s Pension Fund Lost $3.5M in Email Scam

An employee of Quincy’s pension fund wrongly sent $3.5 million in a wire transfer in February 2021 in response to a scam email and the funds have not been recovered. The Public Employee Retirement Administration Commission is investigating the Quincy …

District Joins $100M Settlement With Digital Lender BlockFi

The District of Columbia reports that it is part of a $100 million settlement with digital asset lending platform BlockFi Lending. The Department of Insurance, Securities and Banking (DISB) said the settlement is related to the company’s sales of unregistered …

Massachusetts Firms at War Over Oprah’s ‘Favorite’ Waffles

Waltham, Massachusetts-based pretzel maker Eastern Standard Provisions managed to get its pretzels on Oprah Winfrey’s “Oprah’s Favorite Things” list in 2019 and that led to a boom in business. Last year, the company repeated the feat by getting what it …

Lemonade Now Offering Its Pet Insurance in Massachusetts

Digital insurer Lemonade has expanded its pet insurance into the state of Massachusetts, marking the 37th state where it’s available. The pet policies cover dogs or cats. According to the insurer, Massachusetts has seen an increase in pet ownership throughout …

Vermont Town Officials Seek Opinions on Police Review Board

A Bennington, Vermont task force is seeking opinions from the public about a recommendation for a police department review board in the southwestern Vermont community. Bennington’s 10-member Safety and Equity Task Force released its recommendations to the select board last …

Bus Firm Reaches $20M False Claims Act Settlement With New Jersey Transit

A bus company accused of overcharging New Jersey Transit for missed trips and over-billing for hours and miles driven will pay more than $20 million to settle a lawsuit brought by the state, the attorney general’s office said Friday. Acting …

Vermont Governor Vetoes Registration, Insurance Requirement for Contractors

Gov. Phil Scott last week vetoed a bill that proposed creating a framework for registering construction contractors, saying it would hurt small businesses. The Republican said that while he supports protecting the interests of consumers, the legislation favors larger and …

New Hampshire Hospital to Pay $3.8 Million to Resolve Kickback Claims

New Hampshire’s Catholic Medical Center has agreed to pay $3.8 million to resolve allegations that it violated federal law against kickbacks. According to the U.S. Attorney’s office, the Manchester hospital paid its cardiologists to cover for another cardiologist’s patients when …

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