East News

Starr Opens Political Risks Unit in New York

C.V. Starr & Co. said it has opened a Political Risks underwriting unit in New York City. Keith Dunford has been named underwriting manager for the unit, which will market Political Risks products as well as structured trade credit risk. …

Geico Lawsuits Target New York No-Fault Fraud Schemes

Geico is seeking $9 million in damages in three fraud lawsuits alleging that a medical equipment supply supplier and its attorneys, a radiology practice in Brooklyn and a Queens medical facility submitted thousands of suspect no-fault fraud claims. The total …

Jones Joins PMC as Vice President

Workers’ compensation wholesaler PMC Insurance Group has named Bob Jones vice president. He will share responsibilities for expanding PMC’s agency management plan and revenue growth in New York, New Jersey and Connecticut. Jones is a 30-year industry veteran, mostly on …

New Hampshire Panel Mulls Rule Changes to Malpractice Fund

Senate members of the legislative rules committee have objected to rule changes for the malpractice insurance fund proposed by the New Hampshire insurance commissioner. The joint legislative committee on Friday raised concerns about the amount of control the commissioner would …

Insurers Blast New York Coastal Homeowners Insurance Reform Plan

Insurers are blasting a proposal by New York regulators to reform the state’s coastal homeowners insurance market, a plan one exec called “a solution in search of a problem.” “The insurance industry is scratching it head,” said Ellen Melchionni, president …

Marshall Joins Russell Bond

Margaret Marshall has joined the New England office of wholesaler Russell Bond, as an underwriter, focusing on new and renewal business. She will be based in the newly relocated Westfield, Massachusetts office for the firm. Marshall has extensive retail agency …

Settlement Reached in Maryland Bridge Crash Lawsuit

Attorneys have reached a settlement in a lawsuit over a fatal crash on the Bay Bridge in the summer of 2008. Fifty-seven-year-old John Short died after he swerved his tractor-trailer to avoid hitting Candy Baldwin’s oncoming car. The truck crashed …

Kirschner Named VP at William Gallagher

Boston-based insurance broker William Gallagher Associates has named Scott Kirschner as a vice president. He has 24 years of employee benefits-related experience, most recently with The Bostonian Group where he served as director of the Employee Benefits Practice. His has …

Guard Adds Two Field Reps in New Jersey and New York

Pennsylvania-based GUARD Insurance Group has bolstered its sales staff focusing on the New Jersey and New York. Gary May has been named senior field representative for New Jersey and southern New York. May brings over 25 years industry experience to …

New York Looks to Reform Coastal Homeowners Insurance Market

New York insurance regulators are proposing a new set of consumer protection measures as part of a package of rules aimed at improving the availability and pricing of homeowners insurance in high-risk areas along the state’s coast. Among the proposals: …

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