East News

Cuomo: More State Aid for Flood-damaged New York Farms

The Cuomo administration is distributing an additional $850,000 in aid for more than 100 New York farms impacted by flooding caused by tropical storms Irene and Lee. Gov. Andrew Cuomo on Tuesday, Oct. 25, announced that the state funds will …

New York Railroad Workers Charged in $1 Billion Disability Claims Fraud

U.S. prosecutors charged 11 people Thursday in connection with an alleged $1 billion fraud involving hundreds of railroad workers filing false disability claims. In some cases, workers claimed they were unable to work even while they played golf, shoveled snow …

Wall Street Protesters Target Health Insurers

Occupy Wall Street protesters held a speak-out and march in New York City targeting the health insurance industry. Several hundred protesters marched on Wednesday, Oct. 26, to the offices at Empire Blue Cross/Blue Shield, located near the movement’s encampment in …

Group Challenges Secret Court Arbitration in Delaware

An open-government group on Tuesday, Oct. 25, challenged a law that allows members of Delaware’s Court of Chancery to preside over secret arbitration proceedings in business disputes. The Delaware Coalition for Open Government claims in the federal lawsuit that a …

XL Hires Three New Underwriting Managers in Hartford

XL Group’s insurance segment hired three new inland marine underwriting managers. The new executives are: Anne Marie Elder as senior vice president, inland marine; Virginia Cameron as senior vice president, marine; and Alexander McGinley as vice president, marine underwriting. Based …

Capital BlueCross Begins Offering Insurance for Furry Pals

Harrisburg, Penn.-based health insurer Capital BlueCross is now offering insurance for the four-legged pals. The company said it is teaming up with Philadelphia-based pet insurance provider PetPlan to offer pet health insurance for central Pennsylvania and Lehigh Valley pet owners. …

Insurance Industry Charitable Foundation to Host Benefit Dinner

The Insurance Industry Charitable Foundation (IICF) New York/Northeast division will hold its 2011 benefit dinner on Dec. 14. “There are so many people in need in our area, and, in spite of the economy, the insurance industry continues to respond …

Massachusetts Agents Drop Ballot Effort on Credit Ban

The Massachusetts Association of Insurance Agents (MAIA) has agreed to a request from state lawmakers to withdraw the ballot initiative it filed in August to prohibit the use of credit scoring, education, and occupational data in auto insurance. From now …

Chartis Appoints Chief Underwriting Officer for Global Commercial Unit

Chartis has appointed Tim Carter as chief underwriting officer for the company’s global commercial insurance unit. He will be responsible for underwriting leadership, strategy and governance for the financial lines, specialty, property, casualty and global risks solutions businesses within global …

The Hartford Names New Chief Risk Officer

The Hartford Financial Services Group has appointed Robert Rupp, 58, as executive vice president and chief risk officer, reporting to the company’s Chairman, President and CEO Liam McGee. Rupp assumes the role on Nov. 2 from Lizabeth Zlatkus, who is …

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