East News

2 Virginia Localities Declared Primary Disaster Areas

Isle of Wight County and the city of Suffolk in Virginia have been declared as primary disaster areas because of damage caused by excessive heat, storms and excessive rainfall in 2011. The Virginia Department of Agriculture and Consumer Services said …

N.Y.-based USI Insurance Services Acquires The Pinnacle Group

USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., acquired most of the assets of The Pinnacle Group. Based in Virginia Beach, Va., Pinnacle is a full-service employee benefits consulting firm specializing in middle-market business …

UnitedHealth Pays $250K Penalty in Vermont Over Alleged Improper Ads

UnitedHealth Insurance Company has paid a $250,000 penalty in Vermont this month to resolve charges brought by financial regulators. The Vermont Department of Banking, Insurance, Securities & Health Care Administration (BISHCA) imposed the penalty on UnitedHealth as part of a …

AIG’s Chartis Appoints Head of New Claims, Operations Division

American International Group’s Chartis, its global P/C business, has placed its claims unit and operations and systems (O&S) unit under a single management team. Eric Martinez — appointed as executive vice president of global claims, operations and systems — will …

USI Insurance Appoints Two Executives in New York

USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., announced two additions to the New York Metro team: Robert Reers as president and Susan Fanciullo as senior vice president of operations. As president, Reers will …

Connecticut Seeks to Recapture Role as Insurance Capital

Hartford is trying to recapture its status as the nation’s insurance capital by drawing in a specialized insurance business that is finding a home elsewhere. Since the 18th century, Hartford — home to Aetna Inc., Cigna, The Hartford, Travelers Cos. …

Preferred Concepts Hires R-T Specialty Exec in Hartford, Conn.

Preferred Concepts LLC, a national insurance program administrator and specialty broker, appointed Jay Sheehan as senior vice president of Preferred Advantage, the firm’s specialty brokerage division. Sheehan will be based in Preferred’s Hartford, Conn., office where he will direct national …

$20M Verdict Upheld in Massachusetts Pool Slide Lawsuit

A Massachusetts judge has upheld a $20 million jury award to the family of a Colorado woman who died after a Toys `R Us inflatable pool slide partially collapsed. In October, a jury ordered Toys “R Us to pay the …

Massachusetts Cardinal Pushes for Contraception Solution

Boston Cardinal Sean O’Malley is continuing to push to resolve a dispute between the Obama administration and the Catholic church about covering contraception in health care plans. In a blog post Friday, O’Malley said the question is whether Catholic institutions …

Penn State Countersues PMA Over Coverage of Sandusky Lawsuit

Penn State has filed a countersuit against its primary general liability insurer, Pennsylvania Manufacturers’ Association (PMA) Insurance Co. PMA had filed for declaratory judgment on Jan. 31, arguing that the Blue Bell, Penn.-based insurer should not have to pay for …

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