East News

Fifth Member of $31M New York City Trip-And-Fall Scheme Arrested, Charged

A New York litigation funder and the fifth member of a $31 million trip-and-fall fraud scheme has been arrested and charged in Manhattan Federal Court. An indictment has been unsealed charging Adrian Alexander with conspiracy to commit mail and wire …

Governor Hochul Declares October as Cyber Security Awareness Month in New York

New York Governor Kathy Hochul has proclaimed October 2021 as Cyber Security Awareness Month in New York state. The announcement comes as part of the state’s effort to raise awareness on the importance of all New Yorkers developing smart cybersecurity …

New York Foundry to Pay $276K for Safety, Health Hazards Following Inspection

A Syracuse, New York, iron foundry cited by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for dozens of health and safety violations has agreed to correct 60 cited hazards, implement enhanced corrective measures and pay $276,189 …

New Jersey Executive Who Embezzled $48M Gets 75-Month Sentence

A former publication company executive was sentenced to more than six years in prison Monday in a $48 million embezzlement plot. A federal judge sentenced Nestor Charriez to 75 months and also ordered him to pay $43 million in restitution. …

Two Tornados Confirmed in Western Pennsylvania

A pair of tornados have been confirmed in western Pennsylvania over the weekend, forecasters said. The National Weather Service says an EF-0 tornado with estimated winds up to 85 mph touched down in the town of Shippingport before dawn Saturday. …

People Moves: New Hires at Maryland Insurance Administration, Mosaic, New Dawn Risk

Floyd Named Director of Fiscal Services for Maryland Insurance Administration Maryland Insurance Commissioner Kathleen A. Birrane named Linwood Floyd as director of fiscal services for the Maryland Insurance Administration (MIA). Floyd comes to the MIA after more than 13 years …

The Hilb Group Acquires Connecticut’s Gerardi Insurance Services

The Hilb Group acquired Connecticut-based Gerardi Insurance Services Inc., increasing its New England footprint. The transaction became effective October 1, 2021. Based in Putnam, Connecticut, Gerardi Insurance offers property/casualty and employee benefits products and services for clients throughout the region. …

New York Directs Two Cryptocurrency Lending Platforms to Cease Activity

Two cryptocurrency lending platforms were asked to cease activities in New York by the state’s attorney general on Monday and three other platforms were directed to provide information about their business. The move comes weeks after New York Attorney General …

New York Mandates Continuing Education for Insurers in Flood Insurance, Diversity

The New York State Department of Financial Services (DFS) is mandating continuing education in flood insurance for property/casualty insurance producers in response to the increasing risk of flooding due to climate change. In addition, DFS is the first state regulator …

Attorney Says New Jersey Complex Evacuated Due to Rockslide Will Be Razed

A New Jersey apartment complex from which 45 families were abruptly evacuated due to a rockslide stemming from the remnants of Hurricane Ida will be demolished, according to the lawyer representing the property owner. Attorney Steven Eisenstein handed evacuees checks …

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