East News

Hurricane Beryl’s Remnants Spawn Severe Storms in Midwest and Northeast

INDIANAPOLIS (AP) — The remnants of Hurricane Beryl dropped tornadoes and threatened flooding Wednesday as the system churned into Canada and the northeastern U.S. after leaving millions in the Houston area without power. Beryl, which landed in Texas on Monday …

Origin Specialty Acquires Agribusiness Managing General Underwriter AIMS

Illinois-based specialty insurance broker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter based in Bow, New Hampshire. AIMS does most of its business in the Mid-Atlantic and East Coast …

Menendez’s Wife Hid Truth About Insurance Broker and Mercedes Benz, Lawyer Says

US Senator Bob Menendez’s lawyer told jurors that the politician’s wife failed to tell him details of how she got a Mercedes Benz from a convicted felon who testified during the lawmaker’s corruption trial that the car was a bribe. …

Claims Made Commercial Lines Filings Now Subject to Scrutiny in Connecticut

In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are now subject to full regulatory review. Citing compliance issues, Insurance Commissioner Andrew Mais issued a new bulletin (PC-63-24) on July …

Insurers Entitled to Second Injury Fund Payments Even If No Longer Writing in State

A workers’ compensation insurer is entitled to continue to receive reimbursements from the Massachusetts second injury fund even after it stops writing business in the state, the state’s high court has ruled in an opinion reversing itself on the issue. …

Markets/Coverages: Captive Insurer Targets New York Affordable Housing Market

A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co. will be owned …

NRA’s Ex-CFO Agrees to Nonprofit Ban; Avoids Second Trial; Still Owes $2 Million

The National Rifle Association’s former finance czar, Wilson “Woody” Phillips, has been banned for a decade from managing money for any nonprofit company in New York, the state’s attorney general said Tuesday. Phillips agreed to the ban in May, three …

NYU Settles Suit by Jewish Students Who Complained of Antisemitism

New York University has settled a lawsuit filed last November by three Jewish students who said they had been subjected to “pervasive acts of hatred, discrimination, harassment, and intimidation” since the start of the Israel-Hamas war. NYU and the plaintiffs’ …

Vermont Under Flood Watch on Anniversary of Last Year’s Severe Inundations

A flood watch was declared for much of Vermont on Wednesday — the anniversary of last summer’s severe flooding — and also Thursday, with heavy rains in the forecast. As Gov. Phil Scott and other officials discussed the recovery from …

New Jersey Democratic Power Broker Norcross Pleads Not Guilty to Racketeering

The New Jersey Democratic power broker charged with racketeering by the state attorney general pleaded not guilty Tuesday to charges he threatened people whose properties he sought to take over and orchestrated tax incentive legislation to benefit organizations he controlled. …

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