East News

I.I.I. Survey: P/C Executives Expect Improved Profitability in 2012

Most property/casualty insurance executives believe the worst of the financial crisis is over and that the industry is now in the early stages of a hard market, according to a survey from the Insurance Information Institute. The I.I.I. conducted the …

Endurance Promotes Boland to Senior VP in New York Office

Endurance Specialty Holdings promoted Mark Boland to the position of senior vice president, primary casualty insurance. In his new role, Boland will lead Endurance’s U.S. wholesale primary casualty insurance operations. Boland joined Endurance in 2007 and built a property/casualty portfolio …

New York Officials to Implement Pharmacy Safety Program

Officials on Long Island, N.Y., are implementing a program to safeguard pharmacies in the wake of several deadly robberies. The Suffolk County initiative consists of training police and pharmacy personnel, increasing Crime Stoppers reward for pharmacy arrests, and raising community …

FDNY Inspector Accused of Accepting Bribes, Ignoring Safety Violations

Authorities say a New York City Fire Department inspector is accused of accepting bribes from day care centers in exchange for certifying that they complied with safety standards. FDNY Supervising Inspector Carlos Montoya was arrested on charges he played a …

Boston Lawsuit Claims DES-Breast Cancer Link

Arline MacCormack first heard about DES from her mother when she was 17. Three decades later, MacCormack believes that the drug her mother took to prevent miscarriages caused her to develop breast cancer at age 44. MacCormack, of Newton, Massachusetts, …

Connecticut Law Nixing Legitimate Malpractice Lawsuits

After losing a baby because of an incompetent cervix, Patricia Votre thought she was well prepared when she got pregnant again. She made arrangements with her doctors to consult with high-risk pregnancy experts from Yale University and to have the …

Chartis Hires Farmers Insurance Executive as Chief Science Officer

Chartis has appointed Murli Buluswar to the newly created position of chief science officer. In this role, Buluswar will be responsible for establishing a research and development function to study corporate business and claims data and help improve Chartis’ global …

Lockton Hires Willis Exec as Real Estate Practice Leader in New York

Lockton Companies appointed industry veteran Michael Power as senior vice president and Northeast real estate practice leader. Based in the insurance broker’s Manhattan, New York, office, Power will be responsible for business development and client advocacy for clients in the …

Penn. Woman Tried to Get Policy After Child’s Crash

A western Pennsylvania woman will stand trial on charges she fraudulently applied online to insure her daughter’s car less than an hour after an accident, and then had her daughter to lie about the time of the crash. Forty-two-year-old Heidi …

N.J. Court Rules in Favor of Allstate in Agency Franchise Lawsuits

Allstate announced on Friday that the Superior Court of New Jersey has entered judgment in favor of Allstate New Jersey Insurance Company, a wholly owned subsidiary of Allstate Insurance Company, and dismissed all claims in the franchise lawsuits filed against …

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