East News

Seeman Holtz Property & Casualty Continues Expansion into Pennsylvania

Seeman Holtz Property & Casualty Inc. has continued its expansion into Pennsylvania with its acquisition of Merchants Preferred Insurance Services, headquartered in Erie, Penn. This acquisition will strengthen Seeman Holtz Property & Casualty’s foothold in the Northeast, according to a …

Recovery Underway in New York Region Hit by Flash Flooding

Clean-up and recovery efforts continued Wednesday in several upstate New York counties where flash flooding damaged homes, vehicles and infrastructure from the Finger Lakes region to the Binghamton area. Tuesday’s pre-dawn downpours caused flash flooding that uprooted trees, inundated homes …

Tighter Regulations in NYC Could Take Bite Out of Airbnb Profits

Airbnb faces tightening regulations in New York City that could take a big bite out of its profits, and on Wednesday the short-term rental company offered a counter-measure designed to appease hostile politicians: a $10 million contribution to charities. At …

NYC Mayor Signs Bill Capping New Ride-Hail Licenses

New York City, the largest American market for Uber, has become the first U.S. city to regulate the growth of app-based rides. Democratic Mayor Bill de Blasio on Tuesday signed a bill placing a temporary cap on new licenses for …

Flash Flooding Closes Roads, Damages Homes in Central New York

Home and business owners in New York’s Finger Lakes region were dealing with flooded basements after heavy rains caused flash flooding that inundated roads in several towns Tuesday. A state of emergency was declared in at least one county. The …

Affinion Group Closes Sale of Insurance Division to New York’s Mill Point Capital

Affinion Group, LLC, a subsidiary of Affinion Group Holdings Inc., has closed the previously announced sale of its insurance division, Affinion Insurance Solutions, to an affiliate of Mill Point Capital. As a result of the sale, Affinion Group will operate …

New Hampshire Workers’ Comp Rates May Decrease for Seventh Year in a Row

New Hampshire employers could pay less for their workers’ compensation insurance next year because of a filing that lowers the loss costs insurers use to develop prices. The National Council on Compensation Insurance (NCCI) filed a rate proposal with the …

Settlement Reached in New York Kayak Drowning Case

A lawsuit settlement has been reached in a New York kayak drowning after the victim’s fiancee served prison time for criminally negligent homicide. The family of Vincent Viafore had filed a wrongful death lawsuit to prevent Angelika Graswald from collecting …

The Professional Insurance Agents of New Jersey Names Monacelli PIA National Director

The Professional Insurance Agents of New Jersey has named Paul Monacelli as its PIA national director. Monacelli is CEO of ADP/Statewide Insurance Agencies Inc. in Florham Park, N.J. With more than four decades of experience in the insurance industry, Monacelli …

New York Sues OxyContin Maker Purdue Pharma Over Opioids

New York state on Tuesday sued Purdue Pharma LP, accusing the OxyContin maker of widespread fraud and deception in the marketing of opioids, and contributing to a nationwide epidemic that has killed thousands. The state blamed Purdue for running what …

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