East News

AutoOne Employees Await as Sale to Interboro Nears Completion

As AutoOne auto insurance company transitions from one owner to another, employees can expect to face a number of changes, including some likely downsizing. AutoOne, with offices in Melville and Syracuse in New York State, is a high-risk personal auto …

Vermont Lawsuit Says Ex-Wife of Murder Suspect Negligent

The father of a slain Braintree, Vermont, girl is accusing the suspect’s ex-wife of playing a role in her death by not protecting her. The Vermont Supreme Court heard an appeal from James Bennett on Tuesday, Oct. 18. Bennett says …

R-T Specialty Hires Wholesale Veteran Smith to Manage N.Y. Operation

R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, appointed industry veteran Mark Smith as president and managing director for the firm’s New York operation. Smith is a well-known industry executive in the wholesale segment. He brings to R-T …

Massachusetts Jury Returns $20M Verdict in Pool Slide Suit

A Massachusetts jury has ordered Toys `R Us to pay more than $20 million to the family of a woman who was killed when an inflatable pool slide partially collapsed at a 2006 party. The Salem Superior Court verdict, returned …

Vitale Appointed as New York-based Co-CEO of Aspen Insurance

Aspen Insurance Holdings appointed Mario Vitale as co-CEO of Aspen Insurance, effective Jan. 1, 2012. He replaces John Cavoores who will be leaving that post at the end of the year. He will work jointly with Rupert Villers, co-CEO of …

New York’s Suffolk County Had Biggest Insured Property Loss From Irene

New York State’s Suffolk County suffered the highest insured property loss among the 191 counties affected by Hurricane Irene, according to the latest estimate. New Jersey, New York and North Carolina were the top three states with sustained insured property …

FEMA Warns N.Y. Residents to Avoid Scams in Wake of Tropical Storm Lee

New York residents are urged to be alert for potential fraud during recovery and rebuilding efforts following Tropical Storm Lee, officials with the New York State Office of Emergency Management (NYSEMO) and the Federal Emergency Management Agency (FEMA) announced on …

New York Judge: Al-Qaida Owes $9.3 Billion for 9/11 Harm

A magistrate judge in New York has recommended that al-Qaida be assessed $9.3 billion for the damage done to properties and businesses in the Sept. 11 attacks. Federal Magistrate Judge Frank Maas in a ruling Friday, Oct. 14, sent the …

State Farm: Its Conn. Deductible Decision Grounded in Fairness

State Farm Insurance says U.S. Senator Richard Blumenthal’s request that the company drop Irene-related hurricane deductibles in Connecticut would actually be unfair to policyholders and introduce all sorts of uncertainty. State Farm — the largest U.S. insurer of homes and …

Connecticut Regulators to Revise Hurricane Deductible Rules

Connecticut insurance regulators are working on revising hurricane deductible rules in the wake of tropical storm Irene. The insurance department spokesperson told Insurance Journal that the new rules under consideration focus exclusively on wind speeds measured within the state. Whether …

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