East News

Reed Insurance Agency Joins San Group

Reed Insurance Agency based in New Windsor, New York has joined the Satellite Agency Network (SAN) Group Inc. Agency Owner Kevin Reed and Matt Masiello, president and chief operating officer of New Hampshire-based SAN Group, announcing the move, said the …

New York to Weigh Expanding Excess Lines Insurance List

New York Superintendent of Insurance James J. Wrynn said his agency will hold a public hearing on August 20 to explore the possibility of increasing insurance capacity in New York by easing access to unauthorized insurers. The New York State …

Health Insurer to Pay Connecticut $250K for Data Breach

A California-based health insurance company has agreed to pay Connecticut $250,000 for losing a disk drive containing private information of 1.5 million customers, including nearly 450,000 state residents. Attorney General Richard Blumenthal announced that along with the settlement, Health Net …

New Jersey Supreme Court: Insurer Must Defend in House Guest Overdose

An insurance company must defend a homeowner who was sued after a woman overdosed on drugs at a house party he held, the New Jersey Supreme Court has ruled. This week’s ruling written by Justice Helen E. Hoens reversed an …

10 New York Students Among 58 InVEST Scholarship Winners

InVEST, the insurance industry’s career education program, has awarded $56,500 in scholarships to 58 college-bound students pursuing insurance-related degrees, including 10 students from New York. Patrick Moore, chair of the National InVEST Board of Directors, past president of the Independent …

New York Workers’ Compensation Fund Premium, Accounts Down

For 2009, the New York State Insurance Fund reported workers’ compensation premium of $1.31 billion and disability benefits premium of $16.6 million. The competitive fund wrote 41 percent of the state’s workers’ compensation market. NYISIF’s net written premium was down …

UPMC WorkPartners Offers Workers’ Compensation in Pennsylvania

UPMC WorkPartners, part of the University of Pittsburgh Medical Center, has announced a new workers’ compensation product line offering dollar one coverage for Pennsylvania companies. “Health care reform is raising awareness in the employer community to not only control costs, …

Scranton, Pennsylvania Agency CEO Arrested on Premium Theft Charges

Agents from the Pennsylvania Attorney General’s Insurance Fraud Section have arrested the CEO of a bankrupt Scranton insurance agency, who is charged with the theft of more than $1.3 million in premiums that were collected from businesses, schools and other …

Connecticut to Buy Then Demolish Flood-Prone Properties in East Haven

The federal government has approved a grant of nearly $1.4 million for the state of Connecticut to buy and then demolish five flood-prone properties in East Haven. Demolishing the properties is intended to reduce or eliminate the long-term risk of …

Pratt Joins NSM Insurance in Pennsylvania

Geoff Pratt is joining NSM Insurance Group as director of Workers’ Compensation Programs. Pratt brings 23 years of underwriting and risk management experience in monoline workers compensation. He last served as vice president of ACE Risk Management and as a …

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