East News

Ascinsure: Retailer-Owned Wholesale Broker Rebrands in a Down Market

Trust us. That, in a nutshell, is the underlying message behind a new rebranding campaign for Ascinsure Specialty Risk, the wholesale broker subsidiary of Pittsburgh-based retail brokerage Allied Insurance Brokers. The rebranding includes a name change (it’s pronounced, “uh SIN …

Boren Named New York Regional Executive for Ironshore

Bermuda-based specialty insurer Ironshore Inc. has named Joseph L. Boren New York regional executive for its U.S. operations. Boren, who will continue in his role as chief executive Officer of Ironshore Environmental, will oversee the integration of business development and …

New Jersey Agent Pleads Guilty to $300K in Thefts

A New Jersey insurance broker has pleaded guilty to stealing more than $300,000 in premium payments from his clients, according to the state’s attorney general. Under a plea agreement with prosecutors, the state will recommend a five-year prison sentence for …

Pennsylvania May Use Traffic Cameras to Confirm Insurance

Pennsylvania Gov. Ed Rendell says a network of surveillance cameras could be used to identify uninsured drivers and help raise money for the state treasury. Rendell brought up the idea last week in urging state senators to consider a range …

October Hearing Set on Virginia Workers’ Comp Premiums

Virginia regulators are planning to hold a hearing in October on proposed adjustments in premiums charged for workers’ compensation insurance. The State Corporation Commission said Friday that it has set an Oct. 26 hearing in Richmond on the request from …

Massachusetts Lawyer Reinstated After Insurance Scam

A lawyer from a well-known Massachusetts personal injury firm who was convicted of insurance fraud will be allowed to practice law again. The state’s highest court on Thursday reinstated the law license of Nicholas Ellis. Ellis, who was a partner …

Dougherty Named President of New Jersey Subcontractors Association

William Dougherty has been named president of the New Jersey Subcontractors Association for its 2011 fiscal year. Dougherty is executive vice president & COO for True and Associates, a full-service insurance and bonding firm based in Westfield, N.J. The New …

Connecticut Insurance Department Recovers $591K in Second Quarter

The Connecticut Insurance Department said it recovered $591,000 last quarter for insurance buyers who complained to the state about coverage and claims issues. Department staff received 1,761 new complaints or inquiries from consumers in the second quarter, a slight uptick …

Baltimore Restaurant Workers Awarded $34M after CO Leak

A Baltimore jury has awarded $34.3 million to 23 employees of an Inner Harbor steakhouse who suffered brain damage as a result of carbon monoxide poisoning. The plaintiffs worked for the Ruth’s Chris Steak House at the Pier V Hotel. …

New York City Settles 50-Bullet Cop Lawsuit for $7M

The city of New York has agreed to pay more than $7 million to settle a civil lawsuit stemming from the fatal 50-bullet police shooting of an unarmed man on his wedding day. The settlement filed in Brooklyn federal court …

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