East News

A Chartis Underwriter Joins Great American Insurance’s N.Y. Office

Cincinnati, Ohio-headquartered Great American Insurance Group said its environmental division appointed Eric McCabe as divisional assistant vice president for its newly opened New York City office. McCabe joins Great American from Chartis, where he held the title of national accounts …

Vermont’s Banking, Insurance Department Adopts a New Name

Vermont’s regulatory agency that oversees the state’s banking, insurance and securities sectors has adopted a new name this week. The agency, which used to be called the Vermont Department of Banking, Insurance, Securities & Health Care Administration (BISHCA), has been …

CNA Appoints Vice President for Hartford, Conn., Branch

Chicago-headquartered CNA Financial Corporation appointed Bill Donovan as vice president of its Hartford, Conn., branch. In this role, Donovan is responsible for synchronizing branch operations with CNA’s strategic goals, including increasing local authority at the point of sale and improving …

Endurance’s Chief Actuary Leaving to Take University Post in Philly

Endurance Specialty Holdings said Michael Angelina, its chief risk officer and chief actuary, will be leaving the company to take a university post in Philadelphia. Angelina will assume the position of executive director of the Academy of Risk Management and …

N.Y. Attorney General Warns Homeowners About New Mortgage Scams

New York’s attorney general is warning homeowners to be alert for phone calls from people posing as bank or government officials to get personal information through bogus offers of help with their mortgages. Eric Schneiderman says the calls are connected …

Damaged Mass. School Delays Reopening, Cites Dispute With Insurer

The reopening of a Roman Catholic school in Springfield severely damaged by last summer’s tornadoes has been delayed because of a dispute between the diocese and its insurer. Officials with the Diocese of Springfield said Tuesday that while they estimate …

N.J. Crew Members Sentenced in Failed Bid to Sink Ship, Collect $400K

Two men who admitted roles in a botched attempt to sink a fishing boat to collect insurance money are now headed to federal prison. Erik James of Goshen and Christopher Martin of Wildwood both received 30-month terms when they were …

Workers’ Comp Insurer BrickStreet Acquires PennCommonwealth

Workers’ compensation insurance provider BrickStreet Insurance has acquired a Pennsylvania workers’ compensation company. Charleston, W.Va.-based BrickStreet announced its acquisition of Canonsburg, Penn.-based PennCommonwealth Casualty of America Corp. Details of the deal weren’t released. The West Virginia Legislature created BrickStreet in …

Former Zurich CEO Schiro Named Lead Director at Goldman Sachs

The Goldman Sachs Group, a global investment banking and securities firm, said it appointed former Zurich Financial Services CEO James J. Schiro to be its board’s next lead director. Additionally, Schiro will also serve as the board’s chair of the …

Va. DOT Contractor Pleads Guilty to Fraud, Used Uninsured Vehicles

A Staunton contractor accused of defrauding the Virginia Department of Transportation has pleaded guilty to commercial fraud. Thirty-two-year-old Jeffrey T. Jennings faces up to 15 years in prison. The News Leader reports that Jennings entered his plea last week in …

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