East News

Insurance Center of New England Names New CEO

The Insurance Center of New England, an independent agency headquartered in Massachusetts, promoted William Trudeau to the position of president and CEO.Dean Florian, who has been serving as the firm’s president, has assumed the role of chairman of the board …

New York Mets Owners Settle in Madoff Case, Avoid Trial

The owners of the cash-strapped New York Mets baseball team agreed to pay $162 million to settle a lawsuit by the trustee seeking money for the victims of Bernard Madoff’s fraud, averting a potentially embarrassing trial. The pact was announced …

N.Y. Reaches Settlement With Insurer on Lead Screening

New York Attorney General Eric Schneiderman says his office has reached a settlement with Excellus BlueCross BlueShield that requires the health insurer to process claims for routine childhood screenings for lead and provide refunds to consumers who paid for tests …

Va. Woman Faces Maximum of 303 Years in Prison for Healthcare Fraud

A Richmond, Virginia, woman has been convicted on 35 counts of health care fraud and other charges. Federal prosecutors say a U.S. District Court jury found 49-yar-old Veronica Sharon Cunningham guilty last Thursday after a three-day trial. According to court …

Aspen Insurance, Swiss Re Execs Join AIA Board

Mario Vitale, co-CEO of Aspen Insurance in New York, and Robert Solitro, chairman of Swiss Re Corporate Solutions U.S. Cos. in Manchester, N.H., have been elected as new board members of the American Insurance Association. “We are pleased to announce …

William Gallagher Associates Appoints Senior VP in New Jersey

William Gallagher Associates, a Boston-based broker and risk management services provider, hired David Bachrach as senior vice president in the employee benefits practice in the Princeton, N.J., office. Bachrach brings with him 25 years of industry experience. He began his …

Vermont, FEMA Join Forces to Buy Out Flood-Prone Properties

Vermont and the Federal Emergency Management Agency are joining to put $19.8 million toward buying out properties that are prone to flooding. Gov. Peter Shumlin, U.S. Rep. Peter Welch and other officials traveled to Northfield on Wednesday to make the …

N.Y. Agents Tell Senate Panel of Flood Insurance Claims Hassles

A director of the Independent Insurance Agents & Brokers of New York told lawmakers and regulators this week that New Yorkers are dealing with unnecessary hassles when they make flood insurance claims. William Oliver told the panel that the difficulty …

Pedestrian Safety Program Launched in Ocean City, Maryland

The State Highway Administration has launched a program to reduce jaywalking across Coastal Highway in Ocean City. The three-year pilot program will use newly designed sidewalk markings about 10 feet from three intersections on Coastal Highway that have seen the …

Maryland Senate Votes to Ban Smoking in Cars with Kids

The Maryland Senate wants to prohibit drivers from smoking in cars if a child under the age of 8 is a passenger. Senators signed off on the bill in a 27-19 vote Wednesday. Proponents of the legislation said they chose …

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