East News

Pennsylvania Judge: Insurer Must Cover Sandusky’s Legal Bills for Now

A judge ruled on Monday that Federal Insurance Co., part of Chubb Group of Insurance Companies, must continue to cover Jerry Sandusky’s defense costs, at least for now. Sandusky is the former Penn State assistant football coach who is accused …

Stahlka Agency Acquires Historic Square Agency’s Western N.Y. Practice

Stahlka Agency, an independent insurance agency and member of the EMS Group, based in Williamsville, N.Y., acquired the Western New York practice of Erie, Penn.-based Historic Square Insurance Agency. Terms of the transaction were not disclosed. Stahlka Agency, an independent …

Philadelphia Archdiocese’s Legal Bill Reached $11.6M in Past 2 Years

The Roman Catholic Archdiocese of Philadelphia spent $11.6 million on legal fees in the past two fiscal years, most of it on priest sex abuse cases, according to a financial report released Tuesday. The figure includes $10 million in the …

Insurance Industry Charitable Foundation Plans Expansion to Boston

The Insurance Industry Charitable Foundation (IICF) is planning to expand its volunteer and charitable services to the Boston and New England region. The foundation will hold an informational meeting in Boston this month to introduce IICF to the local insurance …

New York City at Greatest Financial Risk from Hurricanes: CoreLogic

When people think of hurricane damage they usually think of Miami or New Orleans, but a new report suggests the greatest financial risk of all may be much farther north: the greater New York City area. Data analysis firm CoreLogic …

Travelers’ Career Program Reaches Out to Underrepresented Students

Six years ago, Lorena Martinez arrived in Hartford, Conn., seeking opportunity. A native of Peru, able to speak little English, Martinez found employment with a local hotel. While there, Martinez quickly realized the barriers she faced in getting ahead without …

XL Group Announces Promotion for Marine Business in Northeast

XL Group plc has promoted James Thielebeule to regional vice president and manager for the Northeast region of its marine business. In his new position, Thielebeule will manage growth strategy, producer management, and personnel management for all ocean marine and …

Delaware’s Captive Insurance Program Graduates Its Inaugural Class

Delaware’s captive insurance risk management certificate program is graduating its first class of 25 participants today.This new program was jointly created by Delaware’s insurance department and University of Delaware.

Conn. Commissioner: New Law Improves Oversight of Global Insurers

Connecticut Insurance Commissioner Thomas Leonardi praised passage of two new laws that give the state greater financial oversight of large, globally active insurance companies and makes the state a more attractive place for international reinsurers to do business. Governor Dannel …

BMS Group Exec Joins New York-Based U.S. RE as Senior VP

Pearl River, N.Y.-based global reinsurance broker U.S. RE Corporation appointed Victor Marques as senior vice president. U.S. RE said Marques brings more than 25 years in the field to his new role at the company’s expanding brokerage operations. Marques was …

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