East News

Liberty Mutual Appoints Chief Actuary for Group Benefits Operation

Boston-headquartered Liberty Mutual Insurance has appointed Brian Dunham as senior vice president and chief actuary of its group benefits operation.Prior to joining Liberty Mutual, Dunham was responsible for the pricing and financial management of Unum’s large case group life and …

Maryland’s State-Run WC Insurer IWIF to Become Private Nonprofit Co.

The Injured Workers’ Insurance Fund (IWIF), Maryland’s state-run workers’ comp insurance carrier, will become a private, nonprofit company under a new name Chesapeake Employers’ Insurance, effective Oct. 1, 2013. The conversion is mandated by legislation (SB 745, the IWIF Conversion …

Vermont Companies Get Workplace Safety Awards

The state of Vermont is honoring several companies for their commitment to safety in the workplace. The Ben & Jerry’s plant in St. Albans and the H.P. Hood plant in Barre have won awards in the large business category. Chroma …

University of Pennsylvania Launches New Risk and Insurance Program

The Wharton School at the University of Pennsylvania said this week it has established a new Wharton/Penn Risk and Insurance Program (WPRIP). The program’s goal is to promote and disseminate cutting-edge research on risk and insurance at the University of …

Penn. Pain Management Doc Pleads Guilty to Defrauding Insurers

A Pittsburgh-area doctor who specialized in pain management faces a lengthy federal prison sentence after pleading guilty to prescribing unnecessary painkillers and defrauding insurance carriers in the process. Forty-year-old Oliver Herndon, of McMurray, left a courtroom without commenting Tuesday. His …

Insurers Paid $200M to Victims of June 1, 2011 Massachusetts Tornadoes

Massachusetts officials said that insurers so far paid out $200 million in claims related to devastating tornadoes in western and central Massachusetts that occurred on June 1, 2011. The Massachusetts Insurance Division said in its new report that the top …

FBI: 10 More Charged in N.Y. Long Island Rail Road Pensions Case

The FBI said it has arrested 10 more people as part of its months-long investigation into allegations that hundreds of Long Island Rail Road employees faked disabilities so they could enjoy more lucrative pensions. Six people were arrested Tuesday morning …

Country Singer Alan Jackson Raises $150K for Quake-Damaged Va. County

Country singer Alan Jackson has raised more than $150,000 to help a Virginia county rebuild schools damaged by last year’s earthquake.A benefit concert by Jackson drew 6,000 people to Louisa County on Sunday, May 20. Jackson performed in the parking …

FCCI Insurance Expands to Maryland, Hires New Marketing Underwriter

Sarasota, Fla.-headquartered property/casualty insurer FCCI Insurance Group (FCCI) recently expanded into Maryland and has hired Jeanine Ferritor as a senior marketing underwriter to develop FCCI’s independent agency relationships in the new state. Ferritor will be based in Ellicott City, Md. …

Allied World Assurance Company Opens Philadelphia Office

Allied World Assurance Company Holdings announced the opening of Allied World U.S.’s new office in Philadelphia. The company also said Mike Sobel, vice president, has been appointed Philadelphia branch manager and will oversee distribution and business development for the Mid-Atlantic …

East News Archives by Month