East News

Marsh Agency Buys Kinloch Consulting’s Boston Office

Marsh & McLennan Agency (MMA), the retail unit of Marsh, has acquired the Boston office of Kinloch Consulting Group Inc., the employee benefits division of Kinloch Holdings Inc. Terms of the transaction were not disclosed. Kinloch Boston β€” which has …

Assurant Appoints Colberg

New York-based specialty insurer Assurant appointed Alan Colberg to the newly created position of executive vice president of marketing and business development. Colberg, whose assumes his new position on March 28, joins Assurant following a 22-year career with Bain & …

New York Drivers Will Get Points for Talking on Cell Phones

Beginning tomorrow, New York drivers who are caught talking on their cell phones without a headset will gain two points on their driving records β€” which means higher insurance costs. The New York Department of Motor Vehicles (DMV) announced the …

New York Lawmakers Consider Extending Agents’ Licenses, Other Issues

The New York Senate Committee on Insurance is scheduled to hear bills this afternoon that would extend insurance agents’ license renewals, allow multiple rating plans for personal lines insurers and clarify laws about insurance surcharges from car accidents. One bill …

Report: ‘Spider-Man’ Caught in New York Labor Dept Web

The New York State Department of Labor has issued two safety violations against the Broadway musical ‘Spider-Man: Turn off the Dark,” the stunt-heavy show that has been plagued by injuries to cast members, a newspaper reported. Citing an anonymous state …

Dad of Rhode Island Motorcyclist in Crash Sues Insurer

The father of a Rhode Island motorcyclist who was killed in May by a driver running a red light has sued his insurance company. The Westerly Sun reports that Richard “Robin” Foote’s lawsuit challenges a settlement he was offered by …

Coakley Urges Massachusetts Regulators to Reject Rate Hike by Progressive

Massachusetts Attorney General Martha Coakley is urging state insurance regulators to reject Progressive’s request for a 23.5 percent rate hike for commercial auto coverage. Coakley’s office says Progressive’s rates were excessive and unfair to Massachusetts businesses and that the information …

New York Agents Happier with Insurers This Year, Survey Says

A new survey by a trade group for New York agents finds insurance producers give their carriers good marks for honesty and fair treatment β€” but find insurance companies don’t pay them enough. The Independent Insurance Agents & Brokers of …

PIA Names Koetzle as Vice President

PIA Management Services named Christopher Koetzle to the newly created position of vice president for the umbrella corporation that manages Professional Insurance Agents associations in New York, New Jersey, Connecticut and New Hampshire. Koetzle most recently served as vice president …

Ryan Specialty Group Buys Concord Specialty Risk

Ryan Specialty Group (RSG) has acquired New York-based Concord Specialty Risk, a managing general underwriter and consultant that provides transactional risk insurance and loss mitigation-evaluation services. Terms of the deal were not disclosed. Concord Specialty was founded by CEO David …

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