East News

Guidewire to Acquire Massachusetts Software Firm FirstBest

Guidewire Software Inc., a property and casualty insurance software provider headquartered in Calif., has entered into an agreement to acquire FirstBest Systems Inc., a Bedford, Mass. based provider of underwriting management systems for property and casualty insurers. FirstBest’s product lines …

New Jersey’s Holman Insurance Services Acquires Risk Partners

Holman Insurance Services LLC, a subsidiary of Maple Shade, N.J., based Holman Automotive Group Inc., has acquiredRisk Partners Inc., a Medford, N.J., based commercial insurance brokerage and managing general underwriter. Following the acquisition, Risk Partners will continue to operate under …

New York’s Columbia University Faces $100M Lawsuit for Mismanaging Retirement Plan

Columbia University was accused on Tuesday of mismanaging its retirement plan in a federal civil lawsuit that alleges $100 million in damages. The suit is the latest to target a major university’s retirement plan management and to bring under scrutiny …

Defamation Lawsuit Against Rolling Stone Magazine Likely Set For Trial This Year

A federal judge says a defamation lawsuit against Rolling Stone magazine over a now-debunked article about a rape at the University of Virginia likely will head to a jury trial later this year. The Washington Post reported that U.S. District …

New York Judge: Hedge Fund Head’s $100M Defamation Claim Better Suited for Bahamas

A New York state judge on Wednesday threw out billionaire hedge fund manager Louis Bacon’s $100 million defamation lawsuit against Canadian fashion designer Peter Nygard, saying the case tied to their long-running feud over neighboring properties in the Bahamas belongs …

Penn State’s Sandusky Blames Lawyer’s Advice for Child Abuse Conviction

Jerry Sandusky forcefully asserted his innocence and described his own sexual history last Friday during an hour of testimony as he seeks to have his child sexual abuse conviction overturned or be granted a new trial. The former Penn State …

Foul Ball Lawsuit Against Pittsburgh Pirates to Move Forward

A judge has ruled that a foul ball lawsuit can continue against the Pittsburgh Pirates, Major League Baseball and a municipal authority that owns public sports and entertainment venues in the area. An usher at PNC Park in April helped …

Connecticut’s Smith Brothers Hires Cellucci from Cross Insurance

Smith Brothers Insurance, an independently operated insurance agency headquartered in Glastonbury, Conn., has hired Paul Cellucci as its director of strategic growth. In his new role, Cellucci will be responsible for leading Smith Brothers’ long-term growth strategy and merger and …

Maine Denies Progressive’s Appeal to Raise Premiums for Older Drivers

Maine Bureau of Insurance Superintendent Eric Cioppa has denied Progressive’s request to raise auto insurance rates for new customers above the age of 65. Cioppa stated in the August 10 ruling that the move would have affected more than 65,000 …

Lawsuit Over ‘Creepy’ Letters Sent to New Jersey Couple Will Move Forward

A New Jersey couple who claim they were scared away from their home after receiving creepy letters from someone named “The Watcher” can move forward with a lawsuit against the home’s former owners, a Superior Court judge ruled August 11. …

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