East News

FEMA, SBA Extend Deadline for Hurricane Aid in New Jersey

New Jersey residents and businesses battered by Hurricane Irene will now have more time to seek federal aid to help cover their losses. The Federal Emergency Management Agency and the Small Business Administration announced on Friday, Oct. 21, that the …

D.C. Regulators Say Social Networking Fraud Is A Growing Threat

The Washington, D.C., Department of Insurance, Securities and Banking is advising consumers to be mindful of con artists who lurk in the virtual shadows in online social networking sites. People should make sure they know who they are doing business …

New York-based RMI Hires Borget as Consultant

Risk management provider RMI Consulting appointed Christopher Borget as management liability consultant. In his role, Borget will work with RMI clients on coverage issues involving management liability and offer advice on risk mitigation techniques. He will work with clients from …

Pennsylvania Agent Accused of Stealing $255K From Clients

A Berks County, Pennsylvania, resident has been charged with theft of more than $255,000 in insurance premiums from clients. The charges were brought against Joseph Maurer, 58, who owned and operated Commonwealth Professional Group, a former insurance agency located in …

Wells Fargo Insurance Appoints New Executive For Philadelphia Region

Wells Fargo Insurance Services — part of Wells Fargo & Company — appointed Joseph Cathcart as managing director for its Philadelphia operations. In his role, Cathcart will oversee all operations for the regional offices, including sales and client service, market …

New York Court Finds Driver Blinded by Sun Glare May Be Liable in Accident

New York’s highest court has ruled that a motorist from Syracuse who struck and killed a pedestrian while being distracted by sun glare cannot invoke “emergency doctrine.” An attentive driver would have anticipated occasional sun glares considering the time of …

Workers’ Comp Results Deteriorated for Northeastern States Last Year

Most states in the northeastern region reported deteriorating workers’ compensation underwriting results last year, according to latest data from A.M. Best. Pennsylvania, New Jersey, Delaware, Maine and Rhode Island were especially hard-hit. Pennsylvania’s direct premiums written fell 8.6 percent last …

N.J. Insurance Agent Indicted for Allegedly Stealing $176K

A Camden County, New Jersey, insurance agent was indicted for allegedly stealing more than $172,000 from insurance purchasers and for allegedly failing to remit insurance premiums worth over $3,200. The indictment was announced on Tuesday, Oct. 18, by New Jersey …

N.J. Man Indicted for Allegedly Submitting False Claim Worth $24K

A Monmouth County, New Jersey, resident has been indicted for allegedly submitting a forged receipt in support of an insurance claim in an attempt to collect more than $24,000 to which he was not entitled. The indictment announcement was issued …

New York-based Holborn Hires Two Executives From U.S. RE

Independent reinsurance broker Holborn Corp. appointed Wesley Zeliff as vice president and Shinji Ueda as assistant vice president. Both new executives will be based in the firm’s New York headquarters. Zeliff comes from U.S. RE Corporation, where he served as …

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