East News

N.J. Family, N.Y. Man Brake for Auto Fraud

New Jersey Director of Division of Criminal Justice Vaughn McKoy announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained an indictment charging four individuals with conspiracy, theft, tampering with public records, and false swearing …

New Mass. Auto Plan On Way to Commissioner; New Safe Driver Plan Questioned

The board that oversees the Massachusetts auto insurance high risk facility, Commonwealth Auto Reinsurers (CAR), voted 11-2 in favor of final rules to convert the plan to an assigned risk plan on June 29. The CAR governing board plans on …

R.I. Lawmakers Recess After Approving Lead Paint Delay and New Health Insurance Post

The Rhode Island General Assembly went into recess early Saturday, June 26, after approving dozens of bills that included health insurance reforms, a delay in lead paint mandates for landlords and development of a new capital city hotel. Lawmakers won’t …

N.J. to Fine Drivers Using Cell Phones Starting July 1

New Jersey’s ban on cell phone use by drivers goes into full effect on July 1, but police still can’t pull somebody over simply for chattering away while going down the road. Motorists talking on hand-held cell phones while behind …

Va. Gov. Reports Federal Approval of Disaster Assistance for Several Counties

Virginia Gov. Mark Warner announced that President Bush has granted a major disaster declaration for Lee, Russell and Tazewell counties due to the flash flood, severe wind and tornado damage that occurred the week of May 24. The declaration will …

Conn. Special Session Misses Opportunity to Override Med-Mal Veto

The Connecticut General Assembly, which reconvened this week for a special session, did not consider an override of the governor’s veto of a medical malpractice reform bill, which is now officially dead. “We’re pleased with the outcome, since H.B. 5669 …

N.J. Commissioner: Auto Insurance Market Recovering; Drivers Reap Benefits

New Jersey Banking and Insurance Commissioner Holly Bakke predicted recently that positive financial results for a majority of companies in the auto insurance marketplace will continue to produce returns for New Jersey drivers in the form of more special dividends …

IJ East Adds Molchan as Regional Manager for Advertising Sales

David Molchan has been appointed as Insurance Journal’s East Region Manager / Advertising Sales. Molchan has extensive experience in business-to-business advertising sales and ad sales management at several trade magazine companies. Most recently, Molchan served as the regional sales manager …

Woronoco Bank to Buy Colton Agency in Mass.

Woronoco Bancorp, Inc., the holding company for Woronoco Savings Bank, has signed an agreement to acquire The Colton Agency, Inc., an insurance agency located in Westfield, Mass. The bank plans to merge the agency with its current insurance subsidiary, Keyes, …

HIP of N.Y. Acquires ConnectiCare

HIP Health Plan of New York (HIP) has acquired ConnectiCare Holding Company (ConnectiCare) in a transaction that unites the companies, The parties say thed eal allows for regional growth while retaining local autonomy. HIP, a private, not-for-profit managed care company, …

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