East News

Hampton, Virginia, Declares Local Emergency for Areas Hit by Tornado

The city of Hampton, Virginia, has declared a local emergency for the areas affected by last Friday’s tornado.Officials estimated that last week’s tornado caused more than $4.3 million in damages. But they said they do not expect to reach the …

Virginia Activists Press Banks for Foreclosure Aid

Nearly 1,000 homeowners in Prince William County and the cities of Manassas and Manassas Park, Virginia, have been identified as eligible for assistance in the $25 billion national mortgage settlement announced this year, two banks reported at a community meeting …

AIG’s Chartis Launches Hospitality and Leisure Industry Practice Group

AIG’s property/casualty division Chartis announced the launch of its hospitality and leisure industry practice group, which will provide specialized insurance and risk management products for the hotel, amusement, gaming, restaurant, resort and theme park segments. Lance Ewing, former vice president …

Highmark, Pennsylvania’s Largest Health Insurance Co., Names New CEO

Pittsburgh-headquartered health insurance giant Highmark Inc. has named Dr. William Winkenwerder as the company’s new chief executive officer.The appointment comes two months after previous CEO, Kenneth Melani, was fired in wake of a scandal. Melani was fired after getting into …

GE Executive Joins Erie Insurance as New Chief Investment Officer

Erie, Penn.-based Erie Insurance Group appointed Brad Postema as senior vice president and chief investment officer.In his new role, Postema will be responsible for the investment strategies of Erie Insurance Exchange, its underwriting subsidiaries and Erie Indemnity Company.

Springfield, Mass., Residents Sue City Over 2011 Tornado Damages

Owners and tenants of a Springfield, Mass., condominium complex damaged by last year’s tornadoes have filed a lawsuit against the city, alleging officials prematurely ordered the demolition of a building, robbing occupants of potentially salvageable personal items as well as …

Tornadoes Damage Areas in Virginia, Pennsylvania, Maryland

Tornadoes swept through several counties in Virginia, Pennsylvania and Maryland last Friday, knocking down trees and power lines and damaging dozens of structures and homes. Here are the latest reports from The Associated Press.Officials in Hampton, Virginia, say a tornado …

Penn. Officials Say Summer Activities Bring Special Insurance Concerns

Pennsylvania insurance regulators are reminding consumers to keep insurance needs in mind when vacationing, entertaining or enjoying other warm-weather activities. Regulators are advising consumers to check for the following items.• Installing a pool, or already have one? Pools increase liability …

N.J. Giving Prudential $210M Tax Credit for Building New Office Tower

Prudential Financial will receive a 10-year state tax credit worth up to $210.8 million to support its plans to build a new office tower in downtown Newark, New Jersey.The Urban Transit Hub tax break was approved last Friday by the …

4 North New Jersey Towns to Share $2.9M in Flood Buyouts

Millions of dollars in state funds are heading to North Jersey towns, providing a measure of relief to at least a dozen households devastated by Hurricane Irene.But even as officials cheered the Blue Acres grants — part of a proposed …

East News Archives by Month