East News

N.Y. Regulators to Hold Hearings on Force-Placed Insurance in May

New York’s financial regulators will hold hearings on the so-called force-placed insurance next month. These hearings will be open to the public and will also be webcast over the Internet. Benjamin Lawsky, superintendent of the New York Department of Financial …

Conn. Senate Passes Anti-Price-Gouging Bill to Help Homeowners

The Connecticut Senate has voted to expand consumer protections from price gouging during major storms, such as the freak October snow storm that hit the state last year. Senators voted 33-to-3 Wednesday in favor of the bill, which prohibits “unconscionably …

Vermont and U.S. Officials Highlight Irene Housing

Stephen Cutlip had only been living in Mendon for several weeks when he was displaced last summer by flooding from Tropical Storm Irene. Following the August flood, he lived in a series of motels then spent three months in transitional …

New York, Florida Associates of ‘Mini-Madoff’ Arrested

Four associates of a New York businessman convicted in a $400 million Ponzi scheme were arrested Wednesday on charges they pocketed nearly $38 million in commissions for their efforts in advancing the fraud, federal prosecutors said. Three of the suspects …

N.H. Gubernatorial Candidate Criticizes State Health Compact Bill

New Hampshire Democratic gubernatorial candidate Maggie Hassan said Tuesday that a GOP proposal to form a compact to assume control over Medicare and Medicaid within New Hampshire’s boundaries is a risky proposition that is wrong for the state. “Seniors pay …

Harleysville Policyholders Approve Merger With Nationwide

Harleysville Mutual Insurance Company said Wednesday that its policyholders as well as shareholders at its publicly traded subsidiary Harleysville Group Inc. voted to approve the proposed merger with Nationwide Mutual Insurance Company. The proposed merger, first announced in September 2011, …

Former N.J. School Chief in Insurance Bribery Scheme Drops Suit

A former Toms River schools superintendent who admitted taking more than $1 million in bribes in a kickback scheme has dropped a lawsuit against the school district. Michael Ritacco claimed in a lawsuit filed last fall that the Toms River …

MetLife Says Former Wal-Mart Exec Leaves Board

The former head of Wal-Mart’s Mexico operations is stepping down from his current board positions at MetLife, effective immediately. The insurance giant announced Tuesday afternoon that Eduardo Castro-Wright had resigned “due to personal reasons.” Castro-Wright was leading Wal-Mart de Mexico …

Federal Lawsuit Targets MaineCare Cuts

A new federal lawsuit targets a rollback of MaineCare benefits supported by Maine Gov. Paul LePage that eliminated health care coverage for hundreds of legal immigrants living in the state. The lawsuit filed last week by Maine Equal Justice Partners …

Penn. Woman Gets 10-Years’ Probation for Foreclosure Notice Arson

A northwestern Pennsylvania woman will spend 10 years on probation for attempting suicide by setting fire to her home with a foreclosure notice. The Erie Times-News reported Monday that Erie County Judge John Garhart opted not to imprison 48-year-old Eve …

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