East News

Insurers Escape Coverage for Parents Accused of Hiding Son’s Murder Weapon

A Pennsylvania husband and wife are not covered by their homeowners or personal umbrella insurance policies for claims they inflicted emotional distress by hiding the gun their son used to kill a friend and thus delaying discovery of the victim’s …

Andover Companies Among Investors in Reinsurance Startup Mereo

The Andover Companies, a long-standing mutual insurance group in the Northeast, is among the investors in Mereo Insurance, a Bermuda-based (re)insurance startup chaired by former AIG Executive Chairman and CEO Brian Duperreault. The Andover Companies closed its investment in Mereo …

Judge Rules Boston Waited Too Long to Sue Drug Intermediaries Over Opioid Crisis

A federal judge has dismissed the city of Boston’s lawsuit seeking to hold pharmacy benefit managers liable for the opioid epidemic. US District Judge Patti B. Saris ruled that the suit against the drug intermediaries was filed too late. The …

Insurance Services of New England Adds 8 Connecticut Agencies

Regional independent agency network Insurance Services of New England (ISNE) reported it has expanded into Connecticut with eight additional agencies. The Connecticut agencies ISNE is welcoming to its network are Ahrens, Fuller, St. John & Vincent Insurance, Enfield; Allied Insurance …

Trenton Diocese Sues Four Insurers Over Coverage for Child Victim Claims

The Catholic Diocese of Trenton, New Jersey has sued its liability insurers over their alleged “failure and refusal” to agree upon a cost-sharing formula to deal with hundreds of sexual abuse claims brought against the diocese under the New Jersey …

Deloitte Pays Rhode Island $5 Million to Aid Recovery From Ransomware Attack

The consulting firm Deloitte that built and manages Rhode Island’s popular RIBridges portal has paid the state $5 million to compensate for the ransomware attack that compromised and shuttered the benefits site in December. Separately, Deloitte is also covering the …

Philadelphia Man Pleads Guilty to Stealing Dead Person’s ID, Insurance Fraud

A Philadelphia County man has pleaded guilty to felony charges for stealing a deceased classmate’s identity and fraudulently using it to obtain a driver’s license, vehicle registration and insurance, and to apply for a concealed carry firearms permit, Attorney General …

Alera Group Acquires Kaplansky Insurance Agency in Massachusetts

Needham, Massachusetts-based Kaplansky Insurance Agency has been acquired by the national financial services firm Alera Group. This new partnership brings more than 100 agents to add to Alera Group’s property/casualty offerings in the Northeast. The independent agency was founded in …

Second Sinkhole Closes Lanes on New Jersey Highway

A section of a major New Jersey highway has been closed due to a sinkhole for the second time in less than two months. Crews are working to repair a sinkhole on the Eastbound side of Interstate 80 in Wharton. …

Bill Aims to Drive Down New York City Taxi Drivers’ Insurance Costs. But Will It?

The New York City Council’s transportation committee heard testimony Monday on a proposal to lower the Personal Injury Protection (PIP) insurance coverage requirement for for-hire drivers from $200,000 to $50,000 per person, aligning it with the state’s requirement for all …

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