East News

Maine Man Arrested for Arson After Posting Burned Car on Facebook

Photo Courtesy of Belfast Facebook Page A Belfast, Maine, man is facing charges he set a Mercedes-Benz on fire and then posted photos of the burning vehicle on Facebook. Belfast police say 36-year-old Asgard Tarick Gilbert was arrested on a …

Vermont Jury Awards Man $380K for Turkey Hunt Wounds

A jury has awarded $380,557 to a Vermont turkey hunter hit by 52 shotgun pellets fired by another hunter. The Windsor County Superior Court jury returned the award last week against Ralph Townsend of Hartland for the May 2008 incident …

Connecticut’s American Heritage Joins SAN Group

American Heritage Financial, an insurance agency in Wallingford, Connecticut, has joined the Satellite Agency Network (SAN) Group Inc., both firms announced. “American Heritage Financial wants to remain an independent agency while representing the buyer in multiple markets,” said agency owner …

New Hampshire Hikes Surplus Lines Taxes

Surplus lines taxes in New Hampshire have gone up 50 percent, as a law change earlier this year went into effect this month. The tax rate now stands at 3 percent of premiums, up from 2 percent. Originally, lawmakers had …

Saporito Joins NSM as Business Development Underwriter

Cathy Saporito has joined program administrator NSM Insurance Group as a business development underwriter in the Mid-Atlantic region. She will provide knowledge and leadership on both regional sales and marketing and workers’ compensation underwriting in the Mid-Atlantic region. She has …

Allan Joins Richards Robinson Sheppard

Thomas Allan has joined Boston-based Richards Robinson Sheppard Insurance as vice president. Allan specializes in construction accounts and utilizes his experience of over 35 years in insurance. Prior to joining Richards Robinson Sheppard Insurance, he served in producer and account …

Massachusetts Fair Plan Gets $96M Catastrophe Bond

The Massachusetts Property Insurance Underwriting Association (MPIUA) has received a $96 million catastrophe bond issuance that transfers hurricane risk in Massachusetts to the capital markets, a number of reinsurers announced. Munich Re acted as joint lead manager in the transaction, …

Freyer Promoted at Haylor, Freyer & Coon

New York insurance agency Haylor, Freyer & Coon Inc has appointed James Freyer Jr. as executive vice president. Freyer joined the agency in 1984, heading up the Manufactured Housing division as well as MHD Empire Services Corp., a licensed mortgage …

3 in New York Charged with Stealing $500K from Insurers Over 10 Years

Police in Colonie, N.Y. have arrested three people — including an insurer claims employee– for stealing nearly $500,000 from two insurance companies by allegedly forging and cashing claims checks in a scheme that ran nearly 10 years before it was …

IASA Elects Glatfelter’s Lowenthal as President

The Insurance Accounting and Systems Association Inc. (IASA) has elected Craig S. Lowenthal as president of the association. Lowenthal, a social media strategist for Pennsylvania-based Glatfelter, has been a technology professional for 25 years, and focused in the insurance industry …

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