East News

Mass. May Cut Interest Paid on Med-Mal Awards

Leaders in the Massachusetts Legislature are mulling changes in the law governing medical malpractice lawsuits that would reduce the amount of money people harmed by malpractice will receive when they successfully sue, a legislative source said. A House-Senate conference committee, …

Maine Changes Licensing Exam Provider

As of July 1, 2004, Maine resident insurance producers, consultants, and adjusters will be taking their licensing examinations through a new testing provider. The Bureau of Insurance has awarded a three year testing contract to Experior Assessments, LLC (“Experior”). Experior …

N.Y. State Compensation Fund Steadies the Market

Since its founding in 1914, the New York State Insurance Fund (NYSIF) has been focused on providing a workers’ compensation market for small to medium sized accounts. NYSIF has not been involved with big corporate accounts very often because private …

Insurance Journal Adds Molchan as Regional Manager

David Molchan has been appointed as Insurance Journal’s regional advertising manager for the East region. 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 …

AMA Labels Mass. 20th Med-Mal Crisis State

The American Medical Association is maintaining that Massachusetts has become the 20th state in a “full-blown medical liability crisis” due to its deteriorating medical liability climate and the growing threat of patients’ losing access to care. “The AMA is disheartened …

Pa. Colleges Expand Insurance Buying Group

In Lancaster, Pa., Franklin & Marshall College President John Fry recently announced the addition of Bryn Mawr and Haverford Colleges to the Shared Services Consortium (SSC). The SSC, which includes charter members Bucknell University, Dickinson College, Franklin & Marshall College …

Collins Associates Adds Johnson in N.Y. Office

John B. Collins Associates Inc., an reinsurance intermediary, announced that Frank Johnson has joined the firm as a vice president in their New York office. In his new role, Johnson will be responsible for establishing new reinsurance brokerage client relationships …

Schaefer to Serve as TechAssure Chairman

David L. Schaefer, principal and vice president of Virginia-based Armfield, Harrison & Thomas (AH&T) was recently elected as chairman of TechAssure Association Inc. In his role as chairman, Schaefer will work directly with all TechAssure committee chairs and strategic alliances …

Mass. Gay Marriage Has Property/Casualty Effects

Just one day after getting married under the state’s new same-sex marriage law, a Massachusetts lesbian couple filed a medical malpractice lawsuit asking that one of the women receive damages because doctors failed to detect breast cancer in her spouse. …

John Hancock CEO Announces Retirement

David F. D’Alessandro will retire as president and chief executive of John Hancock Financial Services in Boston late this year but continue serving on the board of Canada’s Manulife Financial Corp., which recently acquired John Hancock, the insurer said. On …

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