East News

Maine Fishing Boat Owner Says It’s Not at Fault for Sinking

The owner of a Maine boat carrying four fishermen that sank off Cape Cod last fall has asked a court to declare it is not at fault. The owner of the 82-foot Emmy Rose wants a Maine federal court judge …

USG Insurance Services Promotes Faust to Senior VP, Canonsburg Branch Manager

USG Insurance Services Inc., a national wholesaler and managing general agency, has promoted Becca Faust to senior vice president and branch manager in the Canonsburg, Penn., office. Faust joined USG in 2014 as production assistant and climbed through the ranks …

W.R. Berkley Sells Manhattan Real Estate Investment Property

W.R. Berkley Corp. sold off one of its real estate investments – a New York City office complex – at the end of 2020. The sale generated a $105 million pre-tax net gain, according to the commercial lines specialty insurer …

Maine Salmon Product Company Denies Claims in Lawsuit

A Maine-based smoked salmon producer is defending itself against claims that its products are not sustainably produced. A New York resident alleged in a lawsuit that Ducktrap River of Maine does not use sustainable practices despite the labels affixed to …

IAT Insurance Group Hires Buffalano as Vice President in New Jersey Office

IAT Insurance Group, a provider of specialty property/casualty and surety products, has hired Joe Buffalano as vice president of Underwriting and Management Liability. Buffalano resides in New Jersey and will be based out of IAT Insurance Group’s Newark, N.J., office. …

High Street Insurance Partners Acquires Maryland’s Day, Deadrick & Marshall

Lower-middle-market private equity firm Huron Capital’s full-service insurance brokerage platform, High Street Insurance Partners, has acquired Day, Deadrick & Marshall Inc (DDM). Beltsville, Md.-based DDM is a full service, independent agency with a focus on personal, business insurance and financial …

Massachusetts Lawmakers Pass Sweeping Climate Change Bill

Massachusetts Governor Charlie Baker said last week he is reviewing legislation passed by lawmakers that would overhaul the state’s climate laws, reduce greenhouse gas emissions, create renewable energy jobs and protect poorer communities that can be at higher risk from …

USG Insurance Services Hires Kinkaide as a Producer in Philadelphia Branch

USG Insurance Services Inc., a national wholesaler and managing general agency, has hired Cody Kinkaide as a producer/broker for Commercial Lines in the Philadelphia, Penn., branch. Kinkaide joins the USG team with seven years of insurance experience, most recently with …

Smith Brothers Insurance Acquires New York-Based Shank & Falvey Insurance

Smith Brothers Insurance has acquired New York-based independent insurance broker Shank & Falvey Insurance, with locations in East Greenbush and Kinderhook. The acquisition expands Smith Brothers’ footprint in upstate New York and allows Shank & Falvey to maintain local presence …

Federal Appeals Court Upholds Dismissal of Suit Over Delaware Firefighter Deaths

A federal appeals court has upheld the dismissal of a lawsuit against the city of Wilmington and several former city officials stemming from an arson that left three city firefighters dead and three others injured. A three-judge panel on Wednesday …

East News Archives by Month