East News

Safety Groups Say Teen Traffic Deaths Rising in Virginia

Safety groups are urging teenage drivers in Virginia to wear seat belts and slow down following a sharp increase in fatal wrecks. Preliminary statistics show that traffic accidents killed 11 people ages 16 to 20 between Jan.1 and Jan. 24. …

Penn.-based Glatfelter Appoints President of Healthcare Practice

Glatfelter Program Managers, a business unit dedicated to Glatfelter Insurance Group’s program business, appointed Bruce Williams as president of the newly formed Glatfelter Healthcare Practice division. Based in York, Penn., Williams has 37 years of experience in the insurance industry …

Union Mutual of Vermont Companies Appoints VP of Underwriting

Union Mutual of Vermont Companies has appointed Robert Glass as the vice president of underwriting. Glass comes to Union Mutual with 24 years of insurance experience, most recently with The Hartford Insurance Group as the director of program business development. …

Ground Zero Building in New York Struggles to Find Tenants

Planners say an 80-story skyscraper under construction at ground zero may have to stop at seven stories unless the developer can line up more tenants. Silverstein Properties said this week that it is still looking for tenants to fill the …

U.K.-based Broker BMS Group Opens New York Office

The U.K.-based broker BMS Group said it has opened an office in New York City. The firm said the Park Avenue office in Manhattan will be the base of Group CEO Carl Beardmore, who will now be spending the majority …

N.J., N.Y. Have Worst Tax Climates for Business, Report Says

New Jersey and New York have the worst tax climates in the nation for business, according to a new report by the Tax Foundation,a Washington, D.C.-based research firm. Two other Northeastern states, Vermont and Rhode Island, also scored poorly. Vermont …

Mass. AG Calls Proposed Homeowners Premium Hike ‘Illegally Excessive’

Massachusetts Attorney General Martha Coakley is opposing a recently proposed home insurance rate request for 150,000 consumers, calling it illegally excessive. She made her remarks during her testimony before the commissioner of insurance last week. The rate hikes are proposed …

N.J. Amends 25% of PIP Reform Proposals, Reflecting Public Comments

New Jersey’s Department of Banking and Insurance has amended some 25 percent of its personal injury protection (PIP) rule proposals, after reviewing and incorporating recommendations from a mountain of public comment letters it has received. The department said last week …

Penn.-based USG Insurance Services Appoints President

Canonsburg, Penn.-based USG Insurance Services appointed Timothy Horton as president of USG and subsidiaries. In this role, Horton will be responsible for the operations of all USG profit centers and the future direction of the company. He reports directly to …

Travelers CEO: Business Insurance Renewal Price Up 10% in December

Travelers Companies Inc.’s business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for December, said CEO Jay Fishman. He offered his remarks during the company earnings call held yesterday. Travelers has …

East News Archives by Month