East News

Insurance Charity Foundation Raises $1.2M at This Year’s Charity Event

The Insurance Industry Charitable Foundation (IICF) New York/Northeast division had a packed charity dinner event this year. The event was held on Dec. 14 at the Waldorf-Astoria Hotel in New York. It drew more than 900 attendees and raised more …

D.C. Commissioner Recommends Reviewing Policies for Winter Activities

Washington, D.C.’s top insurance regulator is advising consumers to review their insurance policies and see whether they are covered for common winter activities. William White, commissioner for the District of Columbia Department of Insurance, Securities and Banking, says there are …

New York, Federal Office to Cooperate in Mortgage Probes

New York and federal officials will cooperate in investigations of banks bundling mortgages into troubled securities that helped cause the 2008 Wall Street collapse. Attorney General Eric Schneiderman and Steve Linick, the inspector general of the Federal Housing Finance Agency, …

Alliant Insurance Services Appoints Vice President in New York Office

California-based specialty insurance broker Alliant Insurance Services appointed Scott Ernst as New York-based vice president of T&H Brokers, a subsidiary. Ernst is an industry veteran, bringing more than 24 years of experience as a producer to his new job. He …

Maurice ‘Hank’ Greenberg Wins Leadership Award From Yale University

Maurice R. Greenberg, Chairman and CEO of Starr Companies, was awarded the Lifetime of Leadership Award from the Yale Chief Executive Leadership Institute, Yale School of Management. The Starr Companies chief received the award at a ceremony held on Dec. …

Maine-based Workers’ Comp Insurer MEMIC Announces Acquisition

Workers’ compensation insurer The MEMIC Group acquired a Vermont-based insurer. The insurer also said it plans to expand its operations in Pennsylvania and New Jersey in 2012. MEMIC purchased Granite Manufacturers Mutual Insurance Company in Vermont and will rename it …

XL Hires Another ACE Executive for Its New York Team

XL Group’s North America primary casualty group appointed industry veteran Jay Lefkowitz to a newly created position of head of U.S. risk management. Lefkowitz is based in New York and reports to Ken Riegler, who is another recent arrival at …

Pennsylvanians Face Sinkhole Threat, But Many Lack Insurance Coverage

A U.S. senator is enlisting the help of Pennsylvania insurance commissioner to help protect the Keystone State’s homeowners from sinkhole damages. In a letter to Pennsylvania Insurance Commissioner Michael Consedine, U.S. Senator Bob Casey (D-Penn.) asked that all new homeowners …

Louisa, Virginia, Quake Victims Advised to Appeal Aid Denials

Local and federal officials are telling Louisa County earthquake victims to not give up if they’ve been denied federal disaster assistance. Residents who registered for assistance due to the Aug. 23 earthquake can appeal the denials. They also can apply …

New Hampshire Woman, Children Win $8.5M in Wrongful Death Lawsuit

A New Hampshire woman and her two children have won $8.5 million in a wrongful death lawsuit against a trucking company. A federal court jury in Concord concluded last Thursday that Loignon Champ-Carr Inc. negligently caused the death of 38-year-old …

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