East News

New York Presses Citi Unit on Force-Placed Insurance Probe

New York regulators urged Citigroup Inc.’s mortgage unit on Wednesday to stop resisting and comply with a subpoena related to an investigation of the force-placed insurance industry. In January, the New York Department of Financial Services issued subpoenas to roughly …

First ‘Epic’ Vermont Flood Brought Change; Will Irene?

Twice in less than a century, Waterbury’s 1827 Congregational Church, at the crest of a small rise on Main Street, has played a critical role in helping the community escape the ravages of the rising Winooski River and recover after …

NYC Judge Throws Out Beer Pong Lawsuit

A judge has thrown out a New Jersey man’s lawsuit against a Greenwich Village pub over injuries he suffered following a beer pong game. The judge found Alan Berger voluntarily signed up for the beer-drinking game and couldn’t sue Wicked …

OSHA Investigates Virginia School After Lead Found

Federal safety regulators are investigating a Roanoke school following the detection of lead in some paint chips. Roanoke City Public Schools deputy superintendent Curt Baker tells media outlets that the amount of lead detected at Highland Park Elementary School doesn’t …

Vt. Fire Chief: Chimney Fires on the Rise Because of Warmer Weather

A Vermont fire chief says there’s been an increase in chimney fires because of the warmer weather. Townshend Fire Chief Doug Winot says two fires over the weekend were apparently caused by clogged chimneys. He tells the Brattleboro Reformer that …

Selective Posts $16M Q4 Profit; Jan. Commercial Renewal Rates Up 4.5%

Selective Insurance Group, based in Branchville, New Jersey, reported $16.1 million for its 2011 fourth-quarter net income, down 32 percent from one year ago when the insurer posted $23.8 million profit. For the 2011 full year, Selective posted net income …

Mass. AG Coakley Heading to D.C. to Make Case for Health Care Law

Attorney General Martha Coakley is heading to Washington to make a legal case for the national health care law that was modeled after Massachusetts’ own landmark 2006 health care law. On Thursday Coakley will defend the constitutionality of the national …

New York Fed Taps 5 Banks to Bid for AIG Bonds: WSJ

The Federal Reserve Bank of New York has invited five banks to bid for mortgage bonds of insurer American International Group, the Wall Street Journal reported. The five banks selected are the U.S. securities units of Barclays PLC, Credit Suisse …

Alleghany, Transatlantic Shareholders Approve Merger Agreement

Alleghany Corp. said its stockholders voted on Monday to approve the previously announced merger agreement with Transatlantic Holdings. Under the deal, as described in the merger agreement between Alleghany and Transatlantic last November, Transatlantic will be acquired and become an …

N.Y. Attorney General Sues Banks in Foreclosure Effort

New York’s attorney general on Friday, Feb. 3, accused some of the nation’s largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 …

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