East News

Jury Awards $1.7M to Massachusetts Teacher Who Alleged Discrimination

A jury has found that school officials in Boston, Massachusetts, retaliated against a teacher for exercising his legal right to raise concerns about workplace discrimination without fear of retribution, awarding him $1.7 million. The Boston Globe reports that Charles Sherman …

A.M. Best Affirms Ratings for The Concord Group Insurance Companies

A.M. Best has affirmed the financial strength rating (FSR) of A+ (superior) and the long-term issuer credit ratings (long-term ICR) of “aa-” for the members of The Concord Group Insurance Companies. The rating actions reflect Concord Group’s balance sheet strength, …

World Insurance Associates Acquires New Jersey’s E&K Insurance Group

World Insurance Associates LLC (WIA) acquired E&K Insurance Group of Eatontown, New Jersey, on December 1, 2021. Terms of the transaction were not disclosed. E&K was founded in 1930 by two entrepreneurs who established E & K Insurance Group in …

IICF Northeast Benefit Event Raises Nearly $1.3M to Support Non-Profits

The Insurance Industry Charitable Foundation (IICF) raised nearly $1.3 million at its 15th Anniversary Northeast Division Benefit Event on December 7 at the Ziegfeld Ballroom in New York City. IICF is a nonprofit organization dedicated to helping communities, and its …

Ryan Specialty Group to Acquire Pennsylvania’s Keystone Risk Partners

Ryan Specialty Group, an international specialty insurance firm, has signed an agreement to acquire certain assets of Keystone Risk Partners LLC based in Media, Pennsylvania. Terms of the transaction were not disclosed. Keystone Risk Partners was founded in 2002, and …

Maryland’s Oriole Park to Test Artificial Intelligence Security Product

Oriole Park at Camden Yards will test a new security technology during the upcoming baseball season that uses 3D imaging and artificial intelligence to detect concealed weapons. The Maryland Stadium Authority announced Tuesday the ballpark will try out a walk-through …

Maryland Is Fifth U.S. State to Join the International Sustainable Insurance Forum

Consistent with Governor Larry Hogan’s commitment to address and mitigate the effects of climate change, the state of Maryland has joined the Sustainable Insurance Forum (SIF) of the United Nations Development Program (UNDP). The UNDP SIF is a global network …

Virginia Environmental Groups Sue Over James River Pollution

Two conservation organizations have filed a federal lawsuit against Henrico County in Virginia, alleging the county allowed tens of millions of gallons of raw sewage to seep into the James River and its tributaries over the last five years. The …

Allergan Settles for $200M with New York Over Opioids

Pharmaceutical company Allergan Finance LLC will pay $200 million to New York state and two of its counties as part of an agreement that removes it from an ongoing state lawsuit over the opioid crisis, state Attorney General Letitia James …

Maryland Insurance Administration Warns About Unlicensed Insurance Agency

Maryland Insurance Commissioner Kathleen A. Birrane is warning Marylanders, particularly small transportation business owners, that Bethesda-based Phillip Johnson Family Insurance Agency LLC (PFI) and its lead agent Jackline Adedoyin are not authorized to market or sell insurance in the state. …

East News Archives by Month