East News

Pittsburgh Settles Suit Stemming From G20 Summit

The city of Pittsburgh has settled a lawsuit filed by two men who said they were wrongly swept up in arrests during the Group of 20 economic summit two years ago. Solicitor Dan Regan said on Monday, Oct. 24, that …

Mass. Businessman to Appear in Court to Face Insurance Fraud Charges

A Peabody, Mass., business owner who was indicted for allegedly collecting tens of thousands of dollars in fraudulent claims will be at a criminal case court hearing this Friday. Robert Giller, age 52, was indicted in connection with collecting over …

Workers Exposed to Asbestos at Virginia Plant

At least 12 contract employees hired to repair the Surry nuclear power plant have been exposed to asbestos. State Department of Labor and Industry reports obtained by the Daily Press found that flakes of the cancer-causing substance went airborne in …

New York Team to Assess Recovery in Flooded Communities

As frustration has built in flood-ravaged upstate New York towns nearly two months after back-to-back tropical storms, Lt. Gov. Robert Duffy is visiting the sites to assess progress. Despite state and federal officials’ assurances of a quick recovery in the …

Lockton Hires Marsh Executive as Senior VP in New York

Lockton Companies, a Kansas City, Mo.-headquartered insurance broker, hired Derek Lakin as senior vice president in New York City. In his new role, Lakin will help expand the firm’s financial services insurance and risk management practices. Lakin will be responsible …

Delaware Regulators Recovered $1.8M for Consumers, Commissioner Says

Delaware Insurance Commissioner Karen Weldin Stewart said through Department of Insurance interventions, Delawareans recovered $1,827,923 in the first nine months of 2011. The breakdown of the restituted funds consists of complaints ($580,303); arbitration ($592,930); and market conduct ($654,690). The Commissioner …

Marsh Says Workers’ Comp Rates Fell 1.1% on Average in Q3

Workers’ compensation rates decreased an average of 1.1 percent and a median of 1.5 percent at renewal during the third quarter, according to Marsh. The New York-headquartered brokerage firm released the data on Oct. 20. In a report titled “Benchmarking …

Markel’s Investment Unit Buys Manufacturing Firm

Markel Corp.’s subsidiary Markel Ventures purchased a majority interest in WI Holdings, a Pennsylvania-based manufacturing firm. The companies made the announcement last week. WI Holdings is a privately held company headquartered in Bethlehem, Pennsylvania, with a division in Gainesville, Texas. …

Penn. Court Strikes Down Workers’ Comp Exclusion in UIM Policy

Pennsylvania Supreme Court stuck down an exclusion in an employer’s underinsured motorist policy. The policy from Penn PRIME had excluded underinsured motorist (UIM) coverage for a local police officer because he was injured during his employment and received workers’ compensation …

5 More Massachusetts Counties Get Irene Disaster Aid

Gov. Deval Patrick says five more Massachusetts counties are being included in the federal disaster declaration after the remnants of Hurricane Irene hit the state in August. The counties added are on Cape Cod, the islands and in southeastern Massachusetts: …

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